FOREX AUCTION: Zim Dollar Marginally Sheds Value
3 years agoWed, 18 Nov 2020 12:27:34 GMT
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.
More: RBZ Twitter
