Forex Auction number 4 results, rate now at 68.89

The fourth running of the Foreign Exchange Auction has been completed and the weighted average is ZWL$68.8879. An increase from last week’s ZWL$65.88.

Which means the “official” rate is US$1 : ZWL$ 68.89

Bids:

• The Highest Rate ZWL$85.00 (down from last week’s ZWL$90.00)
• the Lowest Rate ZWL$40.00 (up from last week’s ZWL$30.00)

Allotted Amount this week was US$15 998 219.59 (Last week’s allotted amount was US$13 602 407.84)

Total bids this week amounted to US$18 719 664.64

Purpose	Amount Allotted(US$)
Raw Materials	5 623 684.60
Machinery and Equipment	3 016 110.90
Retail and Distribution (Incl. Food, Beverages, etc)	2 476 441.00
Consumables (Incl. Spares, Tyres, Electrical)	1 416 913.67
Pharmaceuticals and Chemicals	1 264 842.70
Services (Loans. Dividends and Disinvestment)	900 526.72
Paper and Packaging	761 500.00
Fuel, Electricity and Gas	528 200.00
TOTAL	15 988 219.59