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 |
2 comments
Weird when it’s a good story for these guys the story is usually short and precise,.and apparently no comments also,… but if its abt ecocash agent line banning and limits and stuff we usually get a mouthful
🤣😂 I don’t think an essay is necessary for a simple, ongoing weekly update of the rate. And while an upward trend is nice, that ZWL$0.5431 difference is evidently not life changing enough to bring people to the comments compared to the impact the ecocash saga had.