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*Frequently Asked Questions: Old Mutual Implied Rate (OMIR)* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ob *1.What is Old Mutual Implied Rate* It is a proxy or a figure that is used to compute the implied exchange rate for that day based on Old Mutual share value between 3 countries Zimbabwe, South Africa and England where they usually trade at the same market share price on all the stock exchanges. *2. How is the exchange rate computed and determined?* Old Mutual shares trade at the same value on the 3 different stock markets. This means the differences in the currencies is the implied rate between the currencies. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The exchanged rate is derived from comparing the share price of 1 Old Mutual Share In Zimbabwe against 1 Old Mutual Share in South Africa. Old Mutual is listed on both The Johannesburg and Zimbabwe Stock Exchanges. The difference between the value of these shares is the implied exchange rate between the ZAR and the RTGS. The same goes for the London Stock Exchange. The price of 1 Old Mutual share price at ZSE and the price of 1 Old Mutual share at the LSE’s difference (after the dollar-pound difference has been factored in) is the implied exchange rate for the US and the RTGS. *3. Why must we trust the OMIR* Because it’s one of the most accurate ways to compute the exchange rate. The rate is usually used by the informal market to determine the exchange rate on the black market or the informal market as of that day. _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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