At turbulent times like these, you would want to keep abreast with the latest exchange rates between the bond, the USD, RTGS, and South African Rand. If you don’t want to rely on word of mouth from your friend, l got your back now. Here are some websites/platforms to check (estimated) unofficial exchange rates:
I think that ZimBollar was the first to have such a platform where you can check black market exchange rates. Also, I think that they update their rates in realtime (as when the rate changes) and not just updating once in a day (in the morning). Zimbollar even provides a calculator which you can use to calculate how much you get for a certain amount at the exchange rate ZimBollar would have shown you. For me, I think their rates are more reliable relative to other platforms-they seem like they get information directly from moneychangers on the ground. Aside from the exchange rates, ZimBollar also gives you news and reports of what’s happening in Zimbabwe’s currency market.
There is also Market Watch. Market Watch is relatively new but (almost) equal to ZimBollar. Their exchange rates also seem to be up-to-date most of the time, besides the fact that I don’t really know how often they update the exchange rates. Still, I think market Watch is reliable. On top of the exchange rates, Market Watch also covers what’s happening in the business world in Zimbabwe.
www.rate.co.zw
Personally, I don’t think rate.co.zw is reliable. Many times when I checked exchange rates on this platform, they will be understated. Even if you check now, the rates they are quoting are so understated, I don’t know why. The funny thing is that when you use rate.co.zw’s calculator, it calculates at a higher rate (not the one you see on the homepage and one which is so contrary to other platforms). For just this, I think the platform unreliable.
Use WhatsApp
Besides these websites, there is a Whatsapp bot that gives up-to-date rates too. Click this link to read how you can get exchange rates on your WhatsApp.
NB: By “reliable” I just mean that they provide a better rough estimate and unreliable they provide very bad rough estimates.
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7 comments
http://www.rate.co.zw was last updated on the 3rd of January. Did they close shop or something?
There is also bluemari.info
I object to the title of this post. It should be, “3 Websites You Can Check Actual Market Exchange Rates”. In my opinion the government is running the black market.
Actually the minister or government is causing black market the reasons are
My relative who lives in South Africa illegally was sent US $180 by her boyfriend to help her pay to jump the birder back to south Africa
My relative wanted to change the US dollars to Rands
However me as professional not used to black market things i asked her to go to the bank to change her money because i felt the government needed more US dollars than rands
When she went to Ecoback they refused they said she should open FCA account sge went to FBC bank they refused again and said she should open FCA account
To be honest i could not belive that kind of policy how can a visitor be expected to open FCA account when the visitor just cam here to see her mum fir one week and go back
I went to zambia i had US dollars i went to the bank gave filled in forms gave them us dollars they gave me kwacha i did my business saw my relatives came back
So how many people like that who are leaving theur US dollars to black market because thats where she finally went to change her US dollars
That’s Zimbabwe. All laws designed to frustrate the hell out of people. Nothing makes sense in Zimbabwe.
Reliable meaning higher rate?… You do know i that it is a range…. The buying rate and selling rate are different usually 10 to 20% difference… Is also depends on the desperation of seller and buyer… So basically rate.co.zw gives the buying rate that dealers are buying and the other two the selling rate…. Again that all depends on who is buying and how desperatethe seller…. Using both rate. Co.zw and zimbollar can give a good mid market rate…. Personally I’ve been buying at rate.co.zw rates for a while now… But each has his own preference
Personally i fine marketwatch.co.zw the most reliable. It seems that Zimbollar are now a financial analysis company rather than being focused on rates. Also rate.co.zw have not updated since 3 Jan