1.What is Old Mutual Implied Rate
It is a proxy or a figure that is used to compute the implied exchange rate for that day based on Old Mutual share value between 3 countries Zimbabwe, South Africa and England where they usually trade at the same market share price on all the stock exchanges.
2. How is the exchange rate computed and determined?
Old Mutual shares trade at the same value on the 3 different stock markets. This means the differences in the currencies is the implied rate between the currencies.
The exchanged rate is derived from comparing the share price of 1 Old Mutual Share In Zimbabwe against 1 Old Mutual Share in South Africa. Old Mutual is listed on both The Johannesburg and Zimbabwe Stock Exchanges. The difference between the value of these shares is the implied exchange rate between the ZAR and the RTGS.
The same goes for the London Stock Exchange. The price of 1 Old Mutual share price at ZSE and the price of 1 Old Mutual share at the LSE’s difference (after the dollar-pound difference has been factored in) is the implied exchange rate for the US and the RTGS.
3. Why must we trust the OMIR
Because it’s one of the most accurate ways to compute the exchange rate. The rate is usually used by the informal market to determine the exchange rate on the black market or the informal market as of that day.
WhatsApp Group: 
Telegram Group:
currency manipulation at its worst. how does 1USD in zimbabwe differ from 1USD in Johannesburg, or Lilongwe, or Washington? the fact here is that the explanation leaves out the essence of what this rate really is. it rate is a protest rate against gvt’s failure to readily disperse forex to Old Mutual the entity itself and its interests, nothing else. they are legally liable for adversarial currency speculation amounting to protracted sabotage. add Mthuli and its a match made in hell
Epworth haina ma bus 3 to 4 day tiri paline hre
Epworth haina ma bus 3 to 4 day tiri paline hre
@Khonoko why do you comment on things that you do not understand? Did they said the USD has different rates or the OM share pric?