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Foreign Exchange Guide to Zimbabwe

Read this currency guide to Zimbabwe with money transfer and travel tips.   [USD/EUR=0.8812]

 
Zimbabwe
Country Code:
ZW
Domestic Currency:
United States Dollar
Symbol - Code:
$ USD
Telephone Prefix:
+263

This is a foreign exchange guide to Zimbabwe, the United States Dollar currency plus USD transfers and travel tips.

In this Zimbabwe currency guide we take a look at :

  1. United States Dollar info - general info about the United States Dollar
  2. United States Dollar in the markets - recent USD moves and predictions from the FX markets
  3. Travelling in Zimbabwe - currency & money saving tips
  4. Buying United States Dollar cash online - travel money for Zimbabwe
  5. Sending money to Zimbabwe - save on United States Dollar bank transfers to Zimbabwe
  6. United States Dollar exchange rates - latest & historic exchange rates.
  7. USD News - the latest United States Dollar related articles from our blog.

United States Dollar (USD) general currency information


What is the United States Dollar currency code and symbol?

The three letter currency code for the United States Dollar is USD and the symbol is $.


Which countries use the United States Dollar?

It is the domestic currency in United States, East Timor, Ecuador, El Salvador, British Virgin Islands, US Virgin Islands, Caribbean Netherlands, Turks And Caicos Islands and Zimbabwe.

Read our Guide to the US dollar currency.


United States Dollar (USD) in the markets

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

The interactive chart below shows the USD to EUR exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-EUR 3 Month chart
USD-EUR 3 Month chart
USDEUR currency converter

Travel, Currency and Money saving tips for Zimbabwe

 

Throughout its past two decades of governmental mismanagement, political violence and economic disaster, Zimbabwe continued to welcome visitors with the same grace and politeness that they were famed for. And as a result those who did travel here usually left insisting that that the country was hands down one of the safest, friendliest and most spectacular countries on the continent.

Around 70% of Zimbabwe's 12 million people are Shona-speaking while some 20% are Ndebele speakers. English, the country's official language, is widely spoken and visitors to Zimbabwe are often struck by the friendliness and optimism of its people, despite recent hardships. The country is a profoundly religious one - nearly two thirds of the population attends church regularly - and some 85% consider themselves Christian.

What currency should I use in Zimbabwe?

The U.S. dollar is the official currency for governmental transactions in Zimbabwe. Also legal tender and widely accepted for non-governmental transactions are the Euro, the British Pound Sterling, the Pula, the South African Rand, plus several other currencies.You should check in advance if a restaurant or hotel will accept cards, especially outside Harare.

Most people rely on electronic bank transfers or mobile money to pay their bills, usually at a hefty premium.

Zimbabwe has introduced a local issue of Bond Coins to supplement the current money supply. The coins come the denominations of 1, 5, 10, 25 and 50 cents - they are on par with American coins. In supermarkets, you may be given change in chewing gum or sweets if there is no coinage available. Haggling for a better price is common, but keep in mind that most people are very poor.

It’s illegal to leave Zimbabwe with more than $2,000 (or equivalent) in cash. It’s illegal to exchange foreign currency anywhere other than at officially licensed dealers (eg banks). Carry small denomination notes as change is rarely available in smaller businesses.

Can you use credit cards in Zimbabwe?

The use of credit cards is still very limited, with only a few service providers accepting VISA or MasterCards in Zimbabwe.

Can you withdraw cash from ATMs in Zimbabwe?

ATM use is very limited for non-citizens, so please do yourself a favour and come with plenty of cash on hand. Zimbabwe is currently experiencing a severe shortage of cash so it’s mostly not currently possible to make cash withdrawals with an international bank card.

What is the ATM withdrawal limit in Zimbabwe?

Banks allow customers to withdraw just $20 a day, not in real dollars but in local bond notes. Long queues form each morning.

How to travel around Zimbabwe?

Air Zimbabwe has flights from Harare to Bulawayo (45 minutes) and Victoria Falls. New to Zimbabwe is FastJet, a popular budget airline offering cheap flights to Victoria Falls from Harare. There’s a domestic departure tax of US$15. The only way by air from Harare or Vic Falls to Kariba is to charter, which is very expensive. The charter companies can arrange charter flights, which will seat four to six people to Kariba, Mana Pools and Matusadona National Park from Harare or Vic Falls.

The express or ‘luxury’ buses operate according to published timetables. Check carefully, however, as most bus companies have both local (‘chicken buses’ for locals) and luxury coaches. For example, Pioneer and Zupco have both luxury and chicken buses.

Taxis are safe and reliable and can be booked through your hotel front desk. Most are metered, charging around US$2.50 for 1km at the time of writing. Taxis in cities travel within a 40km radius of the city. Always take a taxi at night.

Connecting Harare, Bulawayo, Mutare and Victoria Falls, all major train services travel at night. The most popular route is from Vic Falls to Bulawayo. Definitely opt for first class, which is good value, comfortable and gets you a sleeping compartment.

 

Travel money for Zimbabwe

 

Save money and time by Ordering your United States Dollar online from Travelex, you get better rates and can pick up the USD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in United States Dollar otherwise you may get much worst exchange rates.

   

Zimbabwe Trip Checklist    

 
  1. Compare USD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Zimbabwe
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Zimbabwe

When searching around for information on how to get a good exchange rate when sending money to Zimbabwe you need to start with finding out the latest United States Dollar foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).

Two years ago money in Zimbabwe was simple, everyone used the US dollar, introduced in 2009 after hyperinflation destroyed the Zimbabwean version.

Since then, however, banks have run out of real dollars because the cash-strapped and unscrupulous government grabs them in exchange for all-but-worthless IOUS.


Get a better deal for foreign transfers to Zimbabwe

When sending money to Zimbabwe it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or United States Dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted USD amount will be transfered to the recipient account you specify in Zimbabwe.

Use our Send to USD calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more United States Dollar deposited into the recipient bank account and less margins and fees kept by the banks!

   

Bank Transfers to Zimbabwe

Compare Transfer Rates

 

Popular USD cross rates


USD/EUR - United States Dollar to Euro - 10 Year History

DateExchange RatePeriodChange
19 Feb 20190.8820Latest
12 Feb 20190.88231 Week-0.03%
20 Jan 20190.87991 Month+0.24%
23 Aug 20180.86646 Months+1.8%
19 Feb 20180.80641 Year+9.38%
19 Feb 20170.94112 Years-6.28%
20 Feb 20140.72895 Years+21%
21 Feb 20090.786510 Years+12.14%

USD/GBP - United States Dollar to British Pound Sterling - 10 Year History

DateExchange RatePeriodChange
19 Feb 20190.7668Latest
12 Feb 20190.77571 Week-1.15%
20 Jan 20190.77811 Month-1.45%
23 Aug 20180.78076 Months-1.78%
19 Feb 20180.71471 Year+7.29%
19 Feb 20170.80452 Years-4.69%
20 Feb 20140.60055 Years+27.69%
21 Feb 20090.696110 Years+10.16%

USD/JPY - United States Dollar to Japanese Yen - 10 Year History

DateExchange RatePeriodChange
19 Feb 2019110.5922Latest
12 Feb 2019110.51351 Week+0.07%
20 Jan 2019109.67311 Month+0.84%
23 Aug 2018111.37006 Months-0.7%
19 Feb 2018106.71901 Year+3.63%
19 Feb 2017112.92232 Years-2.06%
20 Feb 2014102.30405 Years+8.1%
21 Feb 200993.655710 Years+18.08%

USD/AUD - United States Dollar to Australian Dollar - 10 Year History

DateExchange RatePeriodChange
19 Feb 20191.3992Latest
12 Feb 20191.40771 Week-0.6%
20 Jan 20191.39631 Month+0.21%
23 Aug 20181.38056 Months+1.35%
19 Feb 20181.26441 Year+10.66%
19 Feb 20171.30402 Years+7.3%
20 Feb 20141.11035 Years+26.02%
21 Feb 20091.556810 Years-10.12%

USD/CAD - United States Dollar to Canadian Dollar - 10 Year History

DateExchange RatePeriodChange
19 Feb 20191.3257Latest
12 Feb 20191.32301 Week+0.2%
20 Jan 20191.32761 Month-0.14%
23 Aug 20181.31006 Months+1.2%
19 Feb 20181.25681 Year+5.48%
19 Feb 20171.30892 Years+1.28%
20 Feb 20141.10735 Years+19.72%
21 Feb 20091.256010 Years+5.55%

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