The current bank exchange rates for the RTGS$ today are as follows
- RTGS$ to USD: 3.2401
- RTGS$ to RAND: 4.4399
Data according to the Reserve Bank of Zimbabwe
Black Market Rates:
- RTGS$ to USD: 4.80
- RTGS$ to RAND: 3.00
More: marketwatch.co.zw
Official Bank Rate & Black Market Exchange Rates Today – 26 April
Forex dealers on the streets of Harare
The way those rates are written is very confusing, What exactly does the following mean?
RTGS$ to USD: 3.2401
RTGS$ to RAND: 4.4399
1 RTGS$ converts to USD 3.2401 or 1 USD converts to 3.2401 RTGS$?
if it is the latter, then the RTGS$ to RAND: 4.4399 conversion makes no sense.
Correct