The Zimbabwe dollar today eased by $1.64 against the United States dollar to average $120.5174 against last week’s $118.8748.
A total of 1 264 bids were allotted US$37.2 million at today’s foreign currency auction with 844 bids from the Small and Medium Enterprises sector getting US$7.6 million and 420 from large firms being allotted US$29.6 million.
The lowest offer was $115 and the highest $135. The lowest bid allotted for SMEs was $115 and for large companies $119.
The Zimbabwe dollar is currently going for $200 to US$1 on the open market.