RBZ Foreign Currency Auction Market results for 10 November 2020.

Auction Results 10 Nov 2020Auction Results 03 November 2020
 SME AuctionMain AuctionSME AuctionMain Auction
Amount Allotted (USD)1,844,700.5329,947,934.681,777,373.0426,517,763.38
Highest Rate (ZWL)8586.38690
Lowest Rate(ZWL)808079.180
Lowest Accepted Rate(ZWL)808079.180
Total Bids (USD)1,844,700.5329,947,934.681,777,373.0426,517,763.38
Number of Bids received152268148260
Number of Bids rejected920926
   
Weighted Average Rate (ZWL)81.6741-0.00012%81.6740
 
PurposeSME Auction AllotmentsMain Auction AllotmentsSME Auction AllotmentsMain Auction Allotments
 USDUSDUSDUSD
Raw Materials413,913.7812,542,113.84455,965.1812,008,084.41
Machinery & Equipment377,174.054,639,312.84410,717.784,381,559.77
Consumables  556,338.822,687,250.18338,687.552,387,256.81
Pharmaceuticals & Chemicals160,651.632,686,945.11131,578.412,348,762.69
Services100,329.032,110,010.79236,050.952,026,604.15
Retail & Distribution39,793.813,088,664.5958,867.231,733,040.11
Fuel, Electricity & Gas127,230.501,566,376.3286,277.631,504,563.06
Paper & Packaging69,268.91627,261.0159,228.31127,892.38
Total                1,844,700.53                         29,947,934.681,777,373.0426,517,763.38
     
Grand Total Awarded             31,792,635.2112.36%28,295,136.421.59%

Allotments are prorated to applicants in most cases to serve qualifying bids with the priority list still very much in force. The local unit was marginally weaker against greenback with highest bid rate receding from the 90 mark. The total bids allotted improved 12% to USD31.8m .

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