Zimbabwean Dollar - Exchange Rate History

Exchange Rate History

This table shows a condensed history of the foreign exchange rate of the Zimbabwean Dollars to one US Dollar:

First dollar Second dollar Third dollar
Month/Year Exchange rate
1983 1
1997 10
2000 100
Jun 2002 1 000
Mar 2005 10 000
Jan 2006 100 000
Jul 2006 500 000+
Month Exchange rate
Aug 2006 650
Sep 2006 1 000
Dec 2006 3 000
Jan 2007 4 800
Feb 2007 7 500
Mar 2007 26 000
Apr 2007 35 000
May 2007 50 000
Jun 2007 400 000
Jul 2007 300 000
Aug 2007 200 000
Month Exchange rate
Sep 2007 600 000
Oct 2007 1 000 000
Nov 2007 1 500 000
Dec 2007 † 4 000 000
Jan 2008 6 000 000
Feb 2008 ‡ 16 000 000
Mar 2008 70 000 000
Apr 2008 100 000 000
May 2008 777 500 000
Jun 2008 40 928 000 000
Jul 2008 758 530 000 000
Month Exchange rate
15 August 2008 244.83
15 September 2008 29283
7 October 2008 29277
14 October 2008 29317.7
21 October 2008 29298
28 October 2008 29306
8 November 2008 29325

† Due to the December 2007 banknote shortage, funds transferred via Electronic Funds Transfer Systems (EFTS) bore a premium rate of about $4 million, while the cash transaction rate varied around $2 million.
‡ Exchange rate was 20,000,000 for large amounts.

The third dollar rates above are OMIR. The cash rate differs significantly to the above rates. The table below is the cash rate of the third dollar history:

Month ZWR per USD
Sept 2008 1 000
Oct 2008 90 000
Nov 2008 1 200 000
Mid Dec 2008 60 000 000
End Dec 2008 2 000 000 000
Mid Jan 2009 1 000 000 000 000
2 February 2009 300 000 000 000 000

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