FOREX AUCTION: Zim Dollar Marginally Sheds Value
The Zimbabwe local dollar marginally lost ground to the United States dollar in Tuesday’s weekly forex auction, after remaining stable for weeks.
The local currency traded $81.71 to the US dollar, down slightly from $81.67 last week. The Reserve Bank said the highest offer in Tuesday’s trade was $90 while the lowest was $79 to the greenback.
The bank met all the week’s forex demands amounting to US$29.74 million by 431 bidders.
Below is the Zimbabwe dollar rate to the USD in previous weekly forex auctions:
- 10 November 2020 – $81.6741
- 03 November 2020 – $81.6740,
- 27 October 2020 – $81.3531,
- 20 October 2020 – $81.3499,
- 06 October 2020 – $81.3486.
See the results of this week’s auction in the picture below.
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