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Foreign Exchange Guide to Zimbabwe

Read this currency guide to Zimbabwe with money transfer and travel tips.   [USD/EUR=0.8813]

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

14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.

The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.

Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.

The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.

For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.

Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.

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
16 Dec 20180.8842Latest
09 Dec 20180.87721 Week+0.8%
16 Nov 20180.87561 Month+0.98%
19 Jun 20180.86306 Months+2.46%
16 Dec 20170.85061 Year+3.95%
16 Dec 20160.95852 Years-7.75%
17 Dec 20130.72625 Years+21.76%
18 Dec 20080.697310 Years+26.8%

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

DateExchange RatePeriodChange
16 Dec 20180.7943Latest
09 Dec 20180.78621 Week+1.03%
16 Nov 20180.77881 Month+1.99%
19 Jun 20180.75916 Months+4.64%
16 Dec 20170.75061 Year+5.82%
16 Dec 20160.80172 Years-0.92%
17 Dec 20130.61465 Years+29.24%
18 Dec 20080.658910 Years+20.55%

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

DateExchange RatePeriodChange
16 Dec 2018113.4359Latest
09 Dec 2018112.51601 Week+0.82%
16 Nov 2018112.83501 Month+0.53%
19 Jun 2018110.08876 Months+3.04%
16 Dec 2017112.58501 Year+0.76%
16 Dec 2016117.93942 Years-3.82%
17 Dec 2013102.68595 Years+10.47%
18 Dec 200889.126410 Years+27.28%

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

DateExchange RatePeriodChange
16 Dec 20181.3922Latest
09 Dec 20181.39261 Week-0.03%
16 Nov 20181.36351 Month+2.1%
19 Jun 20181.35336 Months+2.87%
16 Dec 20171.30771 Year+6.46%
16 Dec 20161.36772 Years+1.79%
17 Dec 20131.12325 Years+23.95%
18 Dec 20081.439210 Years-3.27%

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

DateExchange RatePeriodChange
16 Dec 20181.3384Latest
09 Dec 20181.33301 Week+0.41%
16 Nov 20181.31481 Month+1.79%
19 Jun 20181.32786 Months+0.8%
16 Dec 20171.28671 Year+4.02%
16 Dec 20161.33422 Years+0.31%
17 Dec 20131.06005 Years+26.26%
18 Dec 20081.196110 Years+11.9%

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