ZWL depreciates 4% on Auction Market as highest rate received hit ZWL240

Thu May 5 11:50:14 CAT 2022

Dear Subscriber,

Please find herein the RBZ Foreign Currency Auction Market results &
Commentary for 3 May 2022. 

Auction Results 03 May 2022

Auction Results 26 April 2022

US$

US$

US$

US$

SME Auction

Main Auction

SME Auction

Main Auction

Value of Bids Accepted

4,579,271.64

24,070,457.63

4,522,761.60

25,936,487.43

Total Number of Bids Received

1,151

474

920

428

Number of Bids Disqualified

69

45

51

36

Total Number of Bids Accepted

1,082

429

869

392

Number of Bids Allotted

1,082

429

869

392

Amount Allotted

4,579,271.64

24,070,457.63

4,522,761.60

25,936,487.43

Highest Rate Received

240.0000

200.0000

180.0000

180.0000

Lowest Bid Rate Allotted

155.0000

155.0000

145.0000

148.0000

Weighted Average Rate

165.9942

4.00%

159.3482

Purpose

SME Auction

Allotments

Main Auction

Allotments

SME Auction

Allotments

Main Auction

Allotments

USD

USD

USD

USD

Raw Materials 

1,206,244.02

11,325,102.37

1,219,251.74

12,957,459.57

Machinery & Equipment 

1,598,573.38

6,120,869.88

1,527,835.83

5,419,206.84

Consumables  

581,984.96

1,532,512.07

534,565.97

1,867,234.18

Pharmaceuticals & Chemicals

541,832.93

1,686,903.52

478,934.09

1,322,872.33

Services 

340,436.92

1,495,432.16

416,713.86

2,151,740.28

Retail & Distribution 

17,617.97

21973.6

9,847.44

100000

Fuel, Electricity & Gas 

162,982.00

1,265,094.94

193,164.92

1,262,149.08

Paper & Packaging 

129,599.46

622,569.09

142,447.75

855,825.15

Total 

4,579,271.64

24,070,457.63

4,522,761.60

25,936,487.43

Grand Total Awarded

28,649,729.27

-5.94%

30,459,249.03

Harare- The Zimbabwe dollar weakened further  to ZWL165.9942 against the
greenback, retreating by 4.00% on the Dutch Auction market taking its YTD
depreciation on the official market to 47%. On the alternative market, the
local currency was stable in the ZWL385-ZWL400 band, a 53% YTD depreciation
. The depreciation of the ZWL on the Auction Market saw the premium of
parallel market rate to official market reducing to 141%. 

The Monetary Policy Committee maintained the previous policy positions of
restrictive interest rates and interbank market. 

The action by the ZSE to revise circuit breakers is also being closely
monitored to see if gains from ZSE will be shifted to the currency market.
However as long as inflation pressures remain, stock market always thrives
to be a hedge.

  <mailto:bulls at bullszimbabwe.com> 

Invest Wisely!

Bulls n Bears 

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