Zimbabwean Dollar Slides Marginally Against USD, Now At 83.3994

The Zimbabwe dollar has continued to lose its ground against the US dollar at the forex auction system conducted on Tuesday, 25 August 2020.

The local currency slumped marginally again this week from ZWL$82.9184 last week to ZWL$83.3994 this week to the United States Dollar.

The results are as follows:

Amount AllottedUS$960 791.84US$14 064 871.90
The Highest Rate88.000088.0000
The Lowest Rate75.000080.0000
Lowest Accepted Rate75.000080.0000
Total Bids AcceptedUS$960 791.84US$14 064 871.90
Number of Bids Received85139
Number of Bids Disqualified1033

Forex Auction Weighted Average Rate: ZWL$83.3994

PURPOSEAmount Allotted SME Auction (US$)Amount Allotted Main Auction (US$)
Raw Materials207 931.764 970 224.02
Machinery and Equipment162 741.263 870 515.84
Consumables (incl Spare, Tyres, Electricals)151 749.851 671 224.20
Pharmaceuticals and Chemicals140 450.411 470 373.59
Services (Loans, Dividends, Disinvestments, etc)137 101.50843 215.51
Retail and Distribution (Incl. Food, Beverages, etc)98 700.00766 098.49
Fuel, Electricity and Gas32 797.06358 564.78
Paper and Packaging29 320.00114 655.47
Total960 791.8414 064 871.90

Grand Total US$15 025 663.74

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