RBZ Dutch Auction FX Market sees Zim dollar breeze past ZWL97 as it looks set to end the year above ZWL110

Tue Oct 26 19:48:53 CAT 2021

               <mailto:info at bulls.co.zw> 

Dear Subscriber,

Please find herein the RBZ Foreign Currency Auction Market results &
Commentary for 26 October 2021. 

Auction Results 26 October 2021

Auction Results 19 October 2021

SME Auction

Main Auction

SME Auction

Main Auction

Value of Bids Accepted

11,327,283.03

39,942,897.13

11,188,380.30

37,373,661.57

Highest Rate Received

110.0000

115.0000

105.0000

102.0000

Lowest Bid  Rate Received

90.0000

90.0000

88.5000

88.5000

Lowest Bid Rate Allotted

95.0000

95.0000

90.0000

90.0000

Amount Allotted 

9,047,262.59

31,710,331.10

11,017,388.12

36,688,161.11

Total Number of Bids Received

1336

598

1369

559

Total Number of Bids Accepted

1282

568

1298

520

Number of Bids Allotted

881

402

1243

502

Weighted Average Rate

97.1361

4.1747%

93.0810

100.0000%

Purpose

SME Auction

Allotments

Main Auction

Allotments

SME Auction

Allotments

Main Auction

Allotments

USD

USD

USD

USD

Raw Materials 

2,641,419.91

13,995,057.72

3,049,941.67

13,799,777.83

Machinery & Equipment 

2,938,244.92

8,412,238.04

3,460,523.13

9,877,882.27

Consumables  

1,334,586.82

2,993,185.24

1,869,021.43

4,290,143.67

Pharmaceuticals & Chemicals

736,398.20

1,302,000.75

1,096,008.34

1,835,546.53

Services 

912,835.62

2,617,756.14

985,439.47

3,309,357.86

Retail & Distribution 

0.00

0.00

0.00

87,142.85

Fuel, Electricity & Gas 

331,653.20

1,568,495.54

356,694.20

2,181,884.67

Paper & Packaging 

152,123.92

821,597.67

199,759.88

1,306,425.43

Total 

9,047,262.59

31,710,331.10

11,017,388.12

36,688,161.11

Grand Total Awarded

40,757,593.69

-14.56%

47,705,549.23

Harare- The Zimbabwe Dollar breached the ZWL97 depreciating 4.17% as it
looks set to hit ZWL100 mark in the month of November and potentially end
the year around ZWL115. Grand total of allotted bids fell 15% to US$40.8mm
as the central bank began implementing measures  promised in the engagements
with industry to allot only available foreign currency. On the other hand,
the alternative market has seen the rate depreciate to ZWL180-185 range.

On the other hand, after weeks of strong rallying, the ZSE has seen profit
takers arrive in droves even though one would have thought with  a  now
rapidly weakening local currency, equities hedge would be sought.

However, perhaps the desire to crystalise gains have gotten the better of
investors

Invest Wisely!

Bulls n Bears 

Cellphone:        +27 71 5444 769

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