Forex Auction number 4 results, rate now at 68.89

Valentine Muhamba Avatar
RBZ Building entrance

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 Materials5 623 684.60
Machinery and Equipment3 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 Chemicals1 264 842.70
Services (Loans. Dividends and Disinvestment)900 526.72
Paper and Packaging761 500.00
Fuel, Electricity and Gas528 200.00
TOTAL15 988 219.59
Reserve Bank of Zimbabwe

2 comments

What’s your take?

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  1. wyners

    At least today u dont have anything bad to say or comment,..is it hard to say something good or positive

    1. Weather Report

      I think at this point its now ‘business as usual’, what needed to be said has been said already. It’s just a routine update of the numbers and until the next inevitable surprise policy shakeup, that’s just fine.