RBZ Foreign Exchange Auction Results ::: 22 September 2020

[Bulls n Bears]

Dear Subscriber,

 

Please see herein the RBZ Foreign Currency Auction results for 22 September
2020.

 




 

	
Auction Results 22 September 2020

Auction Results 15 September 2020

 

					
 


 

SME Auction

Main Auction

SME Auction

Main Auction

 


Amount Allotted (USD)

1,224,857.29

30,414,189.63

1,145,006.39

20,023,899.32

 


Highest Rate (ZWL)

86.00

86.70

86.50

88.00

 


Lowest Rate(ZWL)

78.00

78.00

75.00

75.00

 


Lowest Accepted Rate(ZWL)

78.00

78.00

75.00

75.00

 


Total Bids (USD)

1,224,857.29

30,414,189.63

1,145,006.39

20,023,899.32

 


Number of Bids received

117

301

96

174

 


Number of Bids rejected

22

35

12

10

 


 

				 


Weighted Average Rate (ZWL)

81.4965

	81.7076

	 


 

				 


Purpose

SME Auction

Allotments

Main Auction

Allotments

SME Auction

Allotments

Main Auction

Allotments

 


 

USD

USD

USD

USD

 


Raw Materials 

367,244.21

13,561,794.59

216,017.57

8,517,466.62

 


Machinery & Equipment 

210,272.02

5,726,110.84

218,345.42

3,184,717.63

 


Consumables (incl Spares, Tyres, Electricals) 

228,453.11

2,737,206.45

291,322.10

1,357,389.93

 


Pharmaceuticals & Chemicals

62,527.00

1,522,098.10

69,586.00

1,201,484.00

 


Services (Loans, Dividends & Disinvestments) 

118,470.39

2,418,570.33

148,175.75

1,982,763.37

 


Retail & Distribution (incl Food, Beverages, etc) 

187,532.30

2,344,658.71

67,557.05

1,561,290.48

 


Fuel, Electricity & Gas 

39,000.00

1,656,886.95

40,000.00

1,279,959.95

 


Paper & Packaging 

11,358.26

446,863.66

94,002.50

938,827.34

 


Total 

1,224,857.29

30,414,189.63

1,145,006.39

20,023,899.32

 


 

				 


Grand Total Awarded

31,639,046.92

	21,168,905.71

	 

							

 

The local unit appreciated against the greenback by 0.26% since the last
auction. There was also an increase in the amount allotted to an all-time
high of USD31.6m. The steady and improved supply of foreign currency to the
auction market will be critical in ensuring stabilisation of the exchange
rate.

 

 

Invest Wisely!

Bulls n Bears 

 

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