South Korea Enters the Race for Zimbabwe's Lithium as Global Supply Chain War Escalates
South Korea is entering the race for Zimbabwe's lithium, joining China and the US in competing for access to Africa's largest deposits of the battery metal.
Zimbabwe exchange rates today
Track the live 1 USD to ZiG exchange rate in Zimbabwe, including the RBZ official rate, black market rate, bank rates, cash rates, and market premium. Rates update every 30 minutes.
| Provider | Buy Rate | Sell Rate | Unit | Updated |
|---|---|---|---|---|
|
Central Bank
|
26.9181
|
26.9181
|
ZiG | 05 Jun 21:47 |
|
Official Rate
|
26.8800
|
26.8800
|
ZWG | 05 Jun 21:47 |
|
Business Max
Best
|
27.5911
|
27.5911
|
ZiG | 05 Jun 21:47 |
| Provider | Buy Rate | Sell Rate | Unit | Updated |
|---|---|---|---|---|
|
Black Market Min
|
30.0000
|
30.0000
|
ZiG | 05 Jun 21:47 |
|
Black Market Max
|
33.0000
|
33.0000
|
ZiG | 05 Jun 21:47 |
|
Cash Rate
Best
|
40.0000
|
40.0000
|
ZiG | 05 Jun 21:47 |
| Business | Buy Rate | Sell Rate | Unit | Updated |
|---|---|---|---|---|
|
OK Supermarket
Best
|
32.0000
|
32.0000
|
ZiG | 05 Jun 21:47 |
|
Pick N Pay
|
31.0000
|
31.0000
|
ZiG | 05 Jun 21:47 |
| Currency | Rate | Code | Updated |
|---|---|---|---|
| South African Rand |
16.3000
|
ZAR | 05 Jun 21:47 |
| Botswana Pula |
13.6800
|
BWP | 05 Jun 21:47 |
| Zambian Kwacha |
17.7400
|
ZMW | 05 Jun 21:47 |
| Mozambican Metical |
63.6100
|
MZN | 05 Jun 21:47 |
| Namibian Dollar |
16.3000
|
NAD | 05 Jun 21:47 |
| Euro |
0.8610
|
EUR | 05 Jun 21:47 |
| British Pound |
0.7440
|
GBP | 05 Jun 21:47 |
| Chinese Yuan |
6.7900
|
CNY | 05 Jun 21:47 |
| UAE Dirham |
3.6700
|
AED | 05 Jun 21:47 |
ZimRate shows the live 1 USD to ZiG exchange rate using the current RBZ official rate, plus black market, bank, cash, and business rate comparisons. The official USD/ZiG rate is set and published by the Reserve Bank of Zimbabwe and is used by formal banks, licensed forex bureaus, and government transactions.
The parallel market (commonly called the black market) rate reflects what USD actually trades for in informal transactions: cash exchanges between individuals, street dealers, and informal money changers. This rate is driven purely by supply and demand. Because official channels often have limited USD availability, the parallel rate is typically higher than the official rate. ZimRate tracks the reported high, low, and cash variants of the parallel rate.
The bank rate is the USD/ZiG rate published or used by commercial banks and licensed financial institutions. ZimRate separates available bank rates from the RBZ official rate and the parallel market rate so you can compare formal and informal pricing without mixing the two.
Yes. ZiG is the common name for Zimbabwe Gold, while ZWG is the ISO currency code used by banks and international currency systems. Both refer to Zimbabwe's domestic currency, launched by the RBZ in April 2024 after replacing the Zimbabwe Dollar.
Use the ZimRate USD to ZiG converter, or multiply your USD amount by the latest exchange rate. For quick checks, start with common conversions such as 1 USD to ZiG, 10 USD to ZiG, 100 USD to ZiG, and 1500 USD to ZiG.
The currency strip above the rate tables shows how USD compares to major regional currencies: South African rand (ZAR), Botswana pula (BWP), Zambian kwacha (ZMW), Mozambican metical (MZN), Namibian dollar (NAD), plus international currencies including EUR, GBP, CNY, and AED. These help Zimbabwean businesses and travellers assess cross-border costs without switching between multiple sites.
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