Forex Auction, Zim dollar sees another week on the up. Rate at 81.7076
The Forex Auction results for 15/09/20 are in and the Zimbabwe dollar has yet again seen an upturn. This week the weighted median average is ZWL$81.7076 which is a ZWL$0.9917 gain from last week’s rate of ZWL$82.6993. The climb is much more substantial than last week’s ZWL$0.6216 from the rate the week before which sat at ZWL$83.3209.
The full Forex Auction 15/09/20 results are as follows:
| SME Auction #7 | Main Auction #13 | |
| Amount Allotted | US$1 145 006.39 | US$20 023 899.32 |
| The Highest Rate | 86.5000 | 88.0000 |
| The Lowest Rate | 75.0000 | 75.0000 |
| Lowest Accepted Rate | 75.0000 | 75.0000 |
| Total Bids Accepted | US$1 145 006.39 | US$20 023 899.32 |
| Number of Bids Received | 96 | 174 |
| Number of Bids Disqualified | 12 | 10 |
Forex Auction Weighted Average Rate: ZWL$81.7076
| PURPOSE | Amount Allotted SME Auction (US$) | Amount Allotted Main Auction (US$) |
| Raw Materials | 216 017.57 | 8 517 466.62 |
| Machinery and Equipment | 218 345.42 | 3 184 717.63 |
| Consumables (incl Spare, Tyres, Electricals) | 291 332.10 | 1 357 389.93 |
| Pharmaceuticals and Chemicals | 69 586.00 | 1 201 484.00 |
| Services (Loans, Dividends, Disinvestments, etc) | 148 175.75 | 1 982 763.37 |
| Retail and Distribution (Incl. Food, Beverages, etc) | 67 557.05 | 1 561 290.48 |
| Fuel, Electricity and Gas | 40 000.00 | 1 279 959.95 |
| Paper and Packaging | 94 002.50 | 938 827.34 |
| Total | 1 145 006.39 | 20 023 899.32 |
