The Zim dollar has for the second week in a row appreciated slightly. This week’s Forex Auction results show that the median average is ZWL$82.6993 against last week’s rate of ZWL$83.3209. Last week’s climb was by ZWL$0.0785, and this week there is a slightly more substantial climb of ZWL$0.6216 when compared to last week.
The full Forex Auction results are as follows:
SME Auction #6 | Main Auction #12 | |
Amount Allotted | US$876 674.44 | US$18 334 530.08 |
The Highest Rate | 86.0000 | 88.0000 |
The Lowest Rate | 73.0000 | 75.0000 |
Lowest Accepted Rate | 73.0000 | 75.0000 |
Total Bids Accepted | US$876 674.44 | US$18 334 530.08 |
Number of Bids Received | 74 | 216 |
Number of Bids Disqualified | 15 | 31 |
Forex Auction Weighted Average Rate: ZWL$82.6993
PURPOSE | Amount Allotted SME Auction (US$) | Amount Allotted Main Auction (US$) |
Raw Materials | 255 701.24 | 8 733 446.74 |
Machinery and Equipment | 226 347.72 | 3 320 021.02 |
Consumables (incl Spare, Tyres, Electricals) | 218 332.56 | 2 288 538.49 |
Pharmaceuticals and Chemicals | 66 392.74 | 293 320.00 |
Services (Loans, Dividends, Disinvestments, etc) | 67 312.18 | 1 595 142.76 |
Retail and Distribution (Incl. Food, Beverages, etc) | 22 588.00 | 1 288 763.89 |
Fuel, Electricity and Gas | – | 565 297.18 |
Paper and Packaging | 20 000.00 | 250 000.00 |
Total | 876 674.44 | 18 334 530.08 |
What’s your take?