BusinessForex Trading

Zwl Falls To US$1: ZWL$ 352.0626 From US$1: ZWL$338.4921

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This week’s Reserve Bank of Zimbabwe foreign currency exchange auction saw the Zimbabwe dollar continue to shed value against the United States dollar.

The foreign exchange weighted average rate fell to US$1: ZWL$ 352.0626 from US$1: ZWL$338.4921
as announced by the RBZ Governor Dr John Panonetsa Mangudya.

SMEFX93/2022 MAIN FX99/2022
Number of Bids Received : 770 279
Number of Bids Disqualified : 72 22
Total Number of Bids Accepted : 698 257
Total Number of Bids Allotted : 688 254
Total Value of Bids Accepted : USD3,532,866.47 USD21,534,506.41
Amount Allotted : USD3,489,505.04 USD21,408,737.57
Highest Rate Received : 375.0000 375.0000
Lowest Bid Rate Allotted : 330.0000 330.0000
Weighted Average Rate : 352.0626
PURPOSE AMOUNT ALLOTTED SME AUCTION AMOUNT ALLOTTED MAIN AUCTION
Raw Materials 957,593.45 10,702,657.11
Machinery and Equipment 1,232,585.88 5,147,821.43
Consumables (Incl. Spares, Tyres, Electricals, etc) 374,354.35 1,119,943.76
Services (Loans, Education, Dividends, Disinvestments, etc) 309,683.41 1,306,746.74
Retail and Distribution (Incl. Food, Beverages, etc) 267,646.08 1,575,999.13
Electricity 0 59,485.00
Pharmaceuticals and Chemicals 176,963.70 1,088,300.65
Paper and Packaging 170,678.17 407,783.75
TOTAL 3,489,505.04 21,408,737.57
GRAND TOTAL AWARDED 24,898,242.61

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