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*FOREX AUCTION: Zim Dollar Marginally Sheds Value*

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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.

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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

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