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Foreign Exchange Guide to Zimbabwe

This currency guide to Zimbabwe helps you choose the best way to save money on USD transfers and travel money.    [HKD/USD=0.1278]

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

This is a foreign exchange guide to Zimbabwe, the United States Dollar currency plus sending 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 U$.


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:

HKD/USD 90-DAY TREND: At 0.1277 HKD to USD is trading near the average 0.1276 with a range 0.1275 to 0.1279. There are no current alerts.
09 Dec, 2019 16:03-EST 21:03-GMT 08:03-AEDT(+1D)

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(U$)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
U$6,3550.127100.47%
OFX logo
U$6,2500.1250 for BER users (normally $15)2.11%
DBS Bank logo
U$6,183.810.1238503.15%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
U$6,1180.1225554.19%
HSBC logo
U$6,100.220.1222HK$804.46%
Citibank International Money Transfers
Citibank logo
U$6,068.540.1214124.96%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 
WorldFirst logo
WorldFirst: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:0.1271 (0.47% from mid-rate)
To Amount (USD) U$6,355
Total Cost:0.47%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.1250 (2.11% from mid-rate)
To Amount (USD) U$6,250
Total Cost:2.11%
Difference:
U$105 USD less than using WorldFirst
Time:
Rate Fetched: Tue Dec 10 2019 00:16:15 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.1238 (3.05% from mid-rate)
To Amount (USD) U$6,183.81
Total Cost:3.15%
Difference:
U$171 USD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.1228 (3.84% from mid-rate)
To Amount (USD) U$6,118
Total Cost:4.19%
Difference:
U$237 USD less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.1222 (4.31% from mid-rate)
To Amount (USD) U$6,100.22
Total Cost:4.46%
Difference:
U$255 USD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.1214 (4.93% from mid-rate)
To Amount (USD) U$6,068.54
Total Cost:4.96%
Difference:
U$286 USD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/10/2019 - See full table
 

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

PeriodChange*USD/EURDate
1 Day-0.1%0.904308 Dec 2019
7 Day+0.1%0.902802 Dec 2019
30 Day-0.4%0.907509 Nov 2019
3 Month-0.1%0.905010 Sep 2019
1 Year+3%0.877209 Dec 2018
5 Year+12.5%0.803410 Dec 2014
10 Year+32.3%0.683311 Dec 2009

*For period to 09-Dec 21UTC when USD/EUR was 0.9038

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

PeriodChange*USD/GBPDate
1 Day-0.1%0.761108 Dec 2019
7 Day-1.6%0.772802 Dec 2019
30 Day-2.8%0.782809 Nov 2019
3 Month-6%0.809210 Sep 2019
1 Year-3.3%0.786209 Dec 2018
5 Year+19.5%0.636310 Dec 2014
10 Year+23.7%0.614911 Dec 2009

*For period to 09-Dec 21UTC when USD/GBP was 0.7605

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

PeriodChange*USD/AUDDate
1 Day+0.1%1.462908 Dec 2019
7 Day-0.2%1.466802 Dec 2019
30 Day+0.5%1.457309 Nov 2019
3 Month+0.4%1.458210 Sep 2019
1 Year+5.1%1.392609 Dec 2018
5 Year+21.8%1.202210 Dec 2014
10 Year+33.8%1.094611 Dec 2009

*For period to 09-Dec 21UTC when USD/AUD was 1.4641

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