Respect Gwenzi
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Forex demand continues to fall
These indicators are however inverse to the movement in the exchange rate on the respective market.
By Respect Gwenzi
Sep. 2, 2022
Auction allotments levels remain low
The levels of allotments remained low, cementing a trend that has been true for at least two months now.
By Respect Gwenzi
Sep. 16, 2022
Paltry US$11m traded on auction market
Data shows that for some non-exporting companies over 30% of sales are now in foreign currency.
By Respect Gwenzi
Sep. 30, 2022
Forex traded continues to fall
The total value traded came in at US$10,5 million which is the lowest level since the revamp of the auction market in June 2020.
By Respect Gwenzi
Oct. 7, 2022
Parallel market rate spikes again
The entrenched use of the US dollar in the economy meant that more players had the capacity to finance own forex requirements through direct sales.
By Respect Gwenzi
Oct. 28, 2022
US dollar creation, a ticking time bomb
The results are shocking and point towards yet another pending currency crush brewing from electronic creation of US dollar credit.
By Respect Gwenzi
Nov. 4, 2022
Currency market under pressure
While this is happening, the auction market remains relatively stable weakening in each respective session albeit at fading margins.
By Respect Gwenzi
Nov. 11, 2022
How much oil reserves does Zim have?
Managing director Scott Macmillan says the early results are “an exciting development validating our subsurface model”.
By Respect Gwenzi
Nov. 18, 2022
Is Zim headed towards a technical recession?
When this article was written, The Zimbabwe Stock Exchange's nominal growth for the year-to-date (YTD) period ending 15/11 in 2022 was 28,79%.
By Respect Gwenzi
Nov. 25, 2022
Zim now one of the fastest growing African economies
Corruption persists like a festering wound slowly spreading to all of the state’s institutions.
By Respect Gwenzi
Dec. 2, 2022
Widening premium gap reflects market instability
The parallel market gap has widened to 36% in the latest session from a low of 15% in October.
By Respect Gwenzi
Dec. 9, 2022
Burgeoning public debt a threat to development
The Covid-19 pandemic has fuelled debt expansion as countries struggled to service their debts.
By Respect Gwenzi
Jan. 6, 2023
Zimdollar depreciation path unlikely to change in 2023
It also gives a foresight into the interplay between the auction and parallel markets.
By Respect Gwenzi
Jan. 13, 2023
Weak trading data shows RBZ is in control of the exchange rate
The RBZ has made efforts to continuously drive the currency market towards full liberalisation.
By Respect Gwenzi
Jan. 20, 2023
Little movement on parallel market
Authorities earlier warned state contractors against dumping currency on the parallel market and driving the rate southwards.
By Respect Gwenzi
Feb. 24, 2023
Zimdollar will remain weak
THE gap between the parallel market and the auction market rates narrowed for the fifth straight week this week, despite a sustained decline in the value of the latter.
By Respect Gwenzi
Mar. 17, 2023
The season of madness at play
Meanwhile in the interim, rational agents are anticipating a gallop in expenditure as the new salary structures take effect.
By Respect Gwenzi
Mar. 24, 2023
Measures cannot curb inflation
Measures such as gold coins, although wildly popular and rationale from the perspective of investors or those seeking to basically preserve value
By Respect Gwenzi
Mar. 31, 2023
Exchange rate situation to worsen
The current pace of losses on both markets is ahead of all the past four years since the reintroduction of the local currency.
By Respect Gwenzi
Apr. 21, 2023
A comprehensive approach needed to promote economic stability
If the formal market continues to depreciate at its current pace, the gap between the parallel and auction markets may widen in the coming weeks.
By Respect Gwenzi
Apr. 28, 2023
No sign of Zimdollar stability in the short-term outlook
Government issued Treasury Bills (TBs) valued at about US$1,45 billion in fulfilment of obligations due to some creditors and suppliers, prior to shelved.
By Respect Gwenzi
May. 5, 2023
Local currency at its worst against the USD since 2022
On easing this week, the Zimdollar took its year-to-date loss to 58%, which is its quickest pace of decline on a comparative basis since its reintroduction in 2019.
By Respect Gwenzi
May. 12, 2023
Premium
Forex auction market rate under immense pressure
The pressure is reflected in increasing bids, which this week totalled US$30,3 million, the highest since May 2022.
By Respect Gwenzi
May. 19, 2023
Retailers in high stakes game
This week’s jump in demand is even higher than the May 2022 jump, which came in at 88%, just as the rate depreciated by 33% in that respective season.
By Respect Gwenzi
May. 26, 2023
Is Africa ready to join the IoT revolution?
Many still lack the infrastructure and connectivity needed to support IoT applications, and there is a significant digital divide between urban and rural areas.
By Respect Gwenzi
Jun. 23, 2023
Zimdollar gains marginally against United States dollar
Prior to, the central bank engaged in money issuance through bare RTGS balances credit to exporters, for settlement of export surrenders.
By Respect Gwenzi
Jun. 30, 2023
Retailers in high stakes game.
This week, the outcome of the auction market suggested further liberalisation, which some have suggested to be full liberalisation of the market into a pure Dutch Auction System.
By Respect Gwenzi
Jul. 28, 2023
Currency Market Weekly Review
The parallel market activity is driven by formal market liquidity, which is beginning to spike, plus a degree of speculation on money supply.
By Respect Gwenzi
Aug. 4, 2023
Stability, a stretch away: Currency market review
This deduces to an average of US$16,15 million per session.
By Respect Gwenzi
Sep. 29, 2023
