Forex Auction results, Zim dollar nudges up slightly. Rate at 81.4965

Forex auction results for 22 of September 2020 are in and the Zim dollar has continued it’s “upward” trend. The weighted average this week has made a small improvement from ZWL$81.7076 last week to ZWL$81.4965 this week.

Full Forex Auction Results 22 September 2020 are as follows:

	SME Auction #8	Main Auction #14
Amount Allotted	US$1 224 857.29	US$30 414 189.63
The Highest Rate	86.0000	86.7000
The Lowest Rate	78.0000	78.0000
Lowest Accepted Rate	78.0000	78.0000
Total Bids Accepted	US$1 224 857.29	US$30 414 189.63
Number of Bids Received	117	301
Number of Bids Disqualified	22	35

Forex Auction Weighted Average Rate: ZWL$81.4965

PURPOSE	Amount Allotted SME Auction (US$)	Amount Allotted Main Auction (US$)
Raw Materials	376 244.21	13 561 794.59
Machinery and Equipment	210 272.02	5 726 110.84
Consumables (incl Spare, Tyres, Electricals)	228 453.11	2 737 206.45
Pharmaceuticals and Chemicals	62 527.00	1 522 098.10
Services (Loans, Dividends, Disinvestments, etc)	118 470.39	2 418 570.33
Retail and Distribution (Incl. Food, Beverages, etc)	187 532.30	2 344 658.71
Fuel, Electricity and Gas	39 000.00	1 656 886.95
Paper and Packaging	11 358.29	446 863.66
Total	1 224 857.29	30 414 189.63

Grand Total US$31 639 046.92