flag THE RUNAWAY ZEROs: ZIMBABWE'S HYPERINFLATION flag

 

 

 

 

 

 

The Exchange Rates

With ever-rising inflation rate, the Zimbabwean dollar continued to depreciate against some other currencies. For instance, in August 2008 the exchange rate between the U.S. dollar and the Zimbabwe dollar was USD1 to ZWD1,780. By the end of October the same year, the exchange rate was USD1 to ZWD251 Billion.

 

 

Foreign currency dealers conducting a transaction

 

 

The tables below show summary of the foreign exchange rate of the first, second, and third Zimbabwean Dollars to one US Dollar:

First Dollar
Period Exchange Rate
1983 1
1997 10
2000 100
Jun 2002 1 000
Mar 2005 10 000
Jan 2006 100 000
Jul 2006 500 000+
 
 
Second Dollar
Period Exchange Rate
Apr 2006
650
Sep 2006 1 000
Dec 2006 3 000
Jan 2007 4 800
Feb 2007 7 500
Mar 2007 26 000
Apr 2007 35 000
May 2007 50 000
Jun 2007 400 000
July 2007 300 000
Aug 2007
200 000
Period Exchange Rate
Sep 2007 600 000
Oct 2007 1 000 000
Nov 2007 1 500 000
Dec 2007 4 000 000
Jan 2008 6 000 000
Feb 2008 16 000 000
Mar 2008 70 000 000
Apr 2008 100 000 000
May 2008 777 500 000
Jun 2008 40 928 000 000
Jul 2008 758 530 000 000
 
Third Dollar
Period Exchange rate
Aug 2008 1 780
Sep 2008 590 000
7 Oct 2008 2 300 000
14 Oct 2008 10 700 000
21 Oct 2008 1.22 Billion
28 Oct 2008 251 Billion
8 Nov 2008 669 Billion