The official (interbank) exchange rate is slowly climbing up of late, with some banks paying more than the black market for USD to RTGS transactions. This is what the Reserve Bank of Zimbabwe (RBZ) had in February predicted would happen by mid year.

Find below the updated exchange rates for both markets as at Wednesday, 3 July.

USD = ZWL$8.3927
ZWL$ = RAND1.6826

Source: Reserve Bank Of Zimbabwe

Meanwhile on the parallel market, USD is trading at between USD100/ZWL$850 and ZWL$890