This week's Foreign Currency Auction settled settled for an exchange rate of ZWL$76.75. This is an increase from last week's exchange rate of ZWL$72.16. The new exchange rate also tells that the Zimbabwe dollar's value has depreciated a further 6% which is the biggest fall since the inaugural Auction. Black market exchange rate According to … Continue reading Foreign Currency Auction & Black market exchange rates
This week's exchange rate is ZWL$68.88 according to today's Foreign Exchange Auction. Last week's exchange rate was ZWL$$ 65.87. So it means the Zimbabwe dollar has lost 4.5% of its value on the official market. What transpired on the Auction This week's highest bid was ZWL$85 and the lowest bid was ZWL$40. As for last … Continue reading 14/07: This week’s official rate is out, Zim dollar value down by 4.5%
Today marks the third week since the Foreign Currency Auction was launched. And today the official exchange rate that was determined by the auction is ZWL$$ 65.87 This represents a 3.2% depreciation of Zimbabwe dollar's value from last week's official exchange rate. However, a 3.2% depreciation is an improvement from last week's 11% depreciation. Bids … Continue reading 07/07: New official rate out, Zim dollar value down by 3.2%
The second foreign currency auction has taken place today and it has established that the new official exchange rate is ZWL$63.74. This is an increase of ZWL$6.39 from last week's inaugural rate of ZWL$57.35 In other words, the Zimbabwe dollar has lost 11.14% from last week. The highest rate which was bid on the foreign … Continue reading 30/06: New official rate out, Zim dollar value down by 11%