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Foreign Exchange Guide to Zimbabwe

Read this currency guide to Zimbabwe with HKD money transfer and travel tips.   [HKD/USD=0.1275]

 
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 HKD to 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

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

For more details read the full article United States Dollar Forecasts.

The interactive chart below shows the HKD to USD exchange rate and trend for the previous 3 months:

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!

 

HKD to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD($)Exchange RateFee HKDTotal CostDeal Links
OFX logo
6,205 USD0.12410 for BER users (normally $15)2.67%
DBS Bank logo
6,143.85 USD0.123503.63%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
6,076 USD0.1216554.69%
HSBC logo
6,055.3 USD0.1213$805.01%
Citibank International Money Transfers
Citibank logo
6,028.55 USD0.1206125.43%
 
OFX: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $15)
Exchange Rate:0.1241 (2.67% from mid-rate)
USD amount:6,205 USD
Total Cost:2.67%
Time:
Rate Fetched: Sat Aug 17 2019 00:16:02 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1230 (3.53% from mid-rate)
USD amount:6,143.85 USD
Total Cost:3.63%
Difference:
61 USD less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1220 (4.31% from mid-rate)
USD amount:6,076 USD
Total Cost:4.69%
Difference:
129 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1213 (4.86% from mid-rate)
USD amount:6,055.3 USD
Total Cost:5.01%
Difference:
150 USD less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1206 (5.41% from mid-rate)
USD amount:6,028.55 USD
Total Cost:5.43%
Difference:
176 USD less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - See full table
 

USD/EUR - United States Dollar to Euro - Historical Rates

PeriodChange*USD/EURDate
1 Day+0.16%0.900015 Aug 2019
1 Week+1.68%0.886509 Aug 2019
1 Month+1.2%0.890717 Jul 2019
6 Months+1.82%0.885317 Feb 2019
1 Year+2.5%0.879416 Aug 2018
5 Years+20.7%0.746817 Aug 2014
10 Years+27.21%0.708618 Aug 2009

*For period to 16-Aug 21UTC when USD/EUR was 0.9014

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

PeriodChange*USD/GBPDate
1 Day-0.5%0.827115 Aug 2019
1 Week-0.93%0.830709 Aug 2019
1 Month+2.33%0.804317 Jul 2019
6 Months+6.21%0.774917 Feb 2019
1 Year+4.63%0.786616 Aug 2018
5 Years+37.6%0.598117 Aug 2014
10 Years+35.74%0.606318 Aug 2009

*For period to 16-Aug 21UTC when USD/GBP was 0.8230

USD/AUD - United States Dollar to Australian Dollar - Historical Rates

PeriodChange*USD/AUDDate
1 Day-0.12%1.476615 Aug 2019
1 Week+0.12%1.473209 Aug 2019
1 Month+3.36%1.426917 Jul 2019
6 Months+5.37%1.399817 Feb 2019
1 Year+7.06%1.377616 Aug 2018
5 Years+37.44%1.073117 Aug 2014
10 Years+21.46%1.214318 Aug 2009

*For period to 16-Aug 21UTC when USD/AUD was 1.4749

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