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