The combined SMEs and Main Foreign Exchange Auction has concluded. This week the local currency made a marginal gain with weighted average sitting at ZWL$83.3209. Last week weighted average and effectively the rate sat at ZWL$83.3994 which is a very small uptick of ZWL$0.0785.
This is the first time that there has been a bounceback of the local currency since the inception of the auction.
The full results are as follows:
| SME Auction #5 | Main Auction #11 | |
| Amount Allotted | US$976 403.52 | US$15 039 656.10 |
| The Highest Rate | 86.0000 | 87.5000 |
| The Lowest Rate | 76.5000 | 76.0000 |
| Lowest Accepted Rate | 76.5000 | 76.0000 |
| Total Bids Accepted | US$976 403.52 | US$15 039 656.10 |
| Number of Bids Received | 75 | 154 |
| Number of Bids Disqualified | 11 | 25 |
Foreign Exchange Auction Weighted Average Rate: ZWL$83.3209
| PURPOSE | Amount Allotted SME Auction (US$) | Amount Allotted Main Auction (US$) |
| Raw Materials | 373 003.95 | 6 050 396.71 |
| Machinery and Equipment | 234 793.50 | 3 540 376.93 |
| Consumables (incl Spare, Tyres, Electricals) | 112 721.04 | 1 307 558.40 |
| Pharmaceuticals and Chemicals | 59 584.00 | 903 605.60 |
| Services (Loans, Dividends, Disinvestments, etc) | 92 988.40 | 1 483 611.12 |
| Retail and Distribution (Incl. Food, Beverages, etc) | 53 252.63 | 1 003 384.34 |
| Fuel, Electricity and Gas | – | 550 750.00 |
| Paper and Packaging | 50 060.00 | 200 000.00 |
| Total | 976 403.52 | 15 039 656.10 |
