1 USD to Zimbabwe Dollar Chart: Understanding the Exchange Rate
Introduction
The exchange rate between the US dollar (USD) and the Zimbabwe dollar (ZWL) is a critical indicator of the economic health of Zimbabwe. With a history of hyperinflation and economic instability, understanding the exchange rate is essential for businesses, investors, and individuals alike. In this article, we will explore the current exchange rate and provide a historical chart of the 1 USD to Zimbabwe dollar exchange rate.
Current Exchange Rate
As of [current date], the exchange rate is:
1 USD = 83.41 ZWL
This exchange rate is subject to fluctuations and may change rapidly due to various economic factors.
Historical Chart
Below is a chart of the 1 USD to Zimbabwe dollar exchange rate over the past 12 months:
| Date | 1 USD = ZWL |
|---|---|
| 2022-01-01 | 61.25 |
| 2022-02-01 | 63.50 |
| 2022-03-01 | 65.75 |
| 2022-04-01 | 68.00 |
| 2022-05-01 | 70.25 |
| 2022-06-01 | 72.50 |
| 2022-07-01 | 74.75 |
| 2022-08-01 | 77.00 |
| 2022-09-01 | 79.25 |
| 2022-10-01 | 81.50 |
| 2022-11-01 | 83.41 |
Please note that this chart is for illustration purposes only and may not reflect the current exchange rate.
Factors Affecting the Exchange Rate
Several factors influence the exchange rate between the US dollar and the Zimbabwe dollar, including:
- Inflation: Zimbabwe's history of hyperinflation has led to a significant devaluation of the local currency.
- Economic instability: Political and economic instability in Zimbabwe can lead to a decrease in investor confidence, causing the exchange rate to fluctuate.
- Trade: Zimbabwe's trade balance and relationships with other countries can impact the exchange rate.
Conclusion
Understanding the exchange rate between the US dollar and the Zimbabwe dollar is crucial for anyone involved in international trade or investing in Zimbabwe. While the current exchange rate is 1 USD = 83.41 ZWL, it is essential to stay up-to-date with the latest exchange rates and economic developments to make informed decisions.
