RBZ Foreign Exchange Auction Results

Tue Aug 3 17:05:03 CAT 2021

 <mailto:info at bulls.co.zw> 

Dear Subscriber,

Please find herein the RBZ Foreign Currency Auction Market results &
Commentary for 03 August 2021. 

Auction Results 03 August 2021

Auction Results 27 July 2021

SME Auction

Main Auction

SME Auction

Main Auction

Value of Bids Accepted (USD)

10,313,921.32

35,186,456.89

9,933,403.94

37,242,121.28

Highest Rate (ZWL)

91.0000

91.0000

92.0000

91.0000

Lowest Rate (ZWL)

82.0000

82.0000

82.0000

82.0000

82.0000

82.0000

82.0000

82.0000

Amount Allotted (USD)

10,313,921.32

35,186,456.89

9,933,403.94

37,242,121.28

Number of Bids received

687

393

682

394

Number of Bids rejected

63

41

56

38

Weighted Average Rate (ZWL)

85.7286

0.1031%

85.6402

Purpose

SME Auction

Allotments

Main Auction

Allotments

SME Auction

Allotments

Main Auction

Allotments

USD

USD

USD

USD

Raw Materials 

2,420,365.09

14,424,474.16

2,618,337.54

14,262,215.75

Machinery & Equipment 

2,491,365.09

8,122,641.57

2,571,114.31

8,981,866.50

Consumables  

2,119,675.23

2,821,012.22

1,848,155.35

1,896,941.25

Pharmaceuticals & Chemicals

770,877.03

1,820,934.53

711,992.69

2,137,154.25

Services 

1,383,858.25

3,779,637.98

862,967.10

4,332,677.09

Retail & Distribution 

334,796.07

1,428,010.66

286,143.71

1,987,585.65

Fuel, Electricity & Gas 

440,846.64

2,178,056.90

732,787.66

2,900,273.71

Paper & Packaging 

351,577.26

611,688.87

301,905.58

743,407.07

Total 

10,313,360.66

35,186,456.89

9,933,403.94

37,242,121.27

Grand Total Awarded

45,499,817.55

-3.55%

47,175,525.21

 <mailto:info at bulls.co.zw> Harare-The Zimbabwe Dollar weakened 0.10% versus
the greenback on the auction market as the allotted bids fell 4% to US$45.5m
vs US$47.2m in the prior week. 

The street rates moved quite significantly in the week rising to ZWL146 for
volumes and ZWL140 for under US$1,000. 

These movements have to some extent been attributed to increase in civil
servant salaries as well as the low cost loans they are getting coupled with
payments to farmers for deliveries to GMB for grain as well as for cotton
deliveries.

This trend is expected to continue in the short term. 

Meanwhile the ZSE has continued on a bullish trend as investors seek to
hedge their value notwithstanding the decline in Y/Y inflation to double
digits zone.

Invest Wisely!

Bulls n Bears 

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5444 769

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