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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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† 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 |
Read more about this topic: Zimbabwean Dollar
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