Question

Zimbabwe currency's exchange rate with figures and tables

Zimbabwe currency's exchange rate with figures and tables

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer:

Zimbabwe currency's exchange rate with respect to U.S Dollar-

1 US $ = 361.900 ZWD

1 ZWD = .00276319 USD.

Currently RTGS Dollar is the currency of Zimbabwe from June 2019. It replaced the multi currency system that was prior june 2019. Zimbabwe demonetized its currency Zimbabwe dollar in 2009 and accepted multi currency system in which many currencies like INR, U. S Dollar, Pound, South African Rand were in circulation. Zimbabwe's inflation has jumped 786% in May 2020. Zimbabwe's currency fluctuations are due to inflation.

Cross rates of RTGS-

USD/RTGS$ = 56 (approx)

EURO/RTGS$ = 63 (approx)

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
2. Discussion Question: Hanging On to Dollars in Zimbabwe Prior to 2009, Zimbabwe experienced several years...
2. Discussion Question: Hanging On to Dollars in Zimbabwe Prior to 2009, Zimbabwe experienced several years of declining real GDP. According to an article in the Wall Street Journal ( see video), “ After Zimbabwe abandoned its currency in favor of the greenback, the economy grew at an annual rate of 6% in 2009 and 9% in 2010. a). Why would Zimbabwe abandon its own currency to begin using U.S. dollars? b). Why would using the U.S. dollars as its...
1. In early 2008, the central bank of Zimbabwe announced the inflation rate in that country...
1. In early 2008, the central bank of Zimbabwe announced the inflation rate in that country had reached 24,000 percent, which of the following statements is NOT correct? A. Zimbabwe prints too much money to compensate its huge government budget deficit. B. Excessive money growth triggers this hyperinflation in Zimbabwe. C. Zimbabwe may experience extreme low level of nominal interest rate and households are afraid to save in local banks, they prefer to change for US dollars. D. If Zimbabwe...
Please Make A Bank Reconciliations. Use proper figures, calculations and tables. Please make it on word...
Please Make A Bank Reconciliations. Use proper figures, calculations and tables. Please make it on word document.
Explain why, in order to preserve the interest rate parity (IRP), a country with a higher...
Explain why, in order to preserve the interest rate parity (IRP), a country with a higher nominal interest rate should have its currency's forward exchange rate reflect expected depreciation against currencies of countries with lower interest rates.
12. Explain. why., in. order. to preserve. the interest. rate. parity. (IRP), a country. with a...
12. Explain. why., in. order. to preserve. the interest. rate. parity. (IRP), a country. with a higher nominal interest rate should have its currency's forward exchange rate reflect expected depreciation against currencies of countries with lower interest rates.
Compare and contrast the effective rate of exchange with the real exchange rate
Compare and contrast the effective rate of exchange with the real exchange rate
At t0 the exchange rate is $1.00/£. At t1 the exchange rate is $0.9130/£. Over this...
At t0 the exchange rate is $1.00/£. At t1 the exchange rate is $0.9130/£. Over this period inflation increased 15 percent in the UK and 5 percent in the US. The real exchange rate at t1 is
An exchange rate is currently $2.00. The volatility of the exchange rate is 20% and interest...
An exchange rate is currently $2.00. The volatility of the exchange rate is 20% and interest rates in the two countries are the same. Using the Black-Scholes model, estimate the probability that the exchange rate in one year will be between $1.70 and $2.30.
Distinguish precisely between the real exchange rate and the nominal exchange rate.                             &nb
Distinguish precisely between the real exchange rate and the nominal exchange rate.                                                                                                                                     [8 marks]
What is the difference between a spot foreign exchange rate and a forward foreign exchange rate?...
What is the difference between a spot foreign exchange rate and a forward foreign exchange rate? How could an Indonesian exporter use the forward rate to hedge foreign exchange risk?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT