• The Kwacha appreciated last week for the first time in over one year. • The appreciation is largely attributed to the reduced demand for foreign currencies. • The same conditions will continue into this week. An Economist has observed…
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• There haven’t been any significant changes in the Kwacha performance for the past one week. • The Kwacha has not been fluctuating significantly, it remained in the same range. • The Kwacha-Dollar rate has remained high. Some Economists in…
Continue Reading • This week the Kwacha might perform slightly better if the mining and other multinationals honor their obligations. • So many corporates are expected to make their payments in terms of salaries and taxes within this week. • There will…
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• Last week the Kwacha depreciated about 0.09 percent compared to about 0.08 percent the previous week. • Key factors that are having an impact on the Kwacha include the strengthening of the US dollar globally. • The local currency…
Continue Reading • In April the Kwacha depreciated by 0.95% compared to May in which it depreciated by 0.86%. • Depreciating rate for May is up to the 28th of the month. • The Central bank increased the amount of FX supply…
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• The trend has been the same. • The Kwacha continues to come under pressure. • There are indications that the Kwacha could continue sliding downwards. A Financial Analyst says the Kwacha has continued to come under pressure due to…
Continue Reading • For last month the Kwacha continued to trade on the back foot. • It continued to depreciate largely due to excess demand for the US Dollar. • It’s difficult to see any ray of hope especially in the short…
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• Last week the Kwacha performed relatively bad. • This was due to slow and low inflows from the energy, agriculture and manufacturing sectors. • This week, the Kwacha is expected to make a rebound, inflows in terms of agriculture,…
Continue Reading • The Kwacha has been depreciating because of the excess demand for dollars in the market. • Supply is very limited for dollars and other major convertible currencies. • The Kwacha keeps depreciating, and it has continued weakening into this…
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• Within the Week I don’t see any significant change happening • This is also premised on demand pressure coming as a result of debt servicing. • The US Dollar was buying at Twenty One Kwacha Seventy One Ngwee A…
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