Exchange Rate in Angola

Angola Exchange Rate | Economic News & Forecasts

Angola - Exchange Rate

Kwanza weakens further amid controlled exchange-rate adjustment

The Angolan kwanza weakened further in recent weeks as the Central Bank (Banco Nacional De Angola, BNA) continued to pursue its controlled adjustment of the exchange rate with the aim of gradually eliminating the gap between the official exchange rate and the black-market rate. To mitigate risk of substantial depreciation, the Bank has de facto capped the maximum depreciation of the exchange rate against the euro at 2.0% per auction.

During its latest auction held on 12 October, the National Bank of Angola provided commercial banks with EUR 15.5 million with a weighted average exchange rate of AOA 349.2 per EUR in the auction.

On 12 October the currency traded at AOA 304.7 per USD. The currency was down 6.5% in month-of-month terms and it lost nearly half of its value in year-to-date and in year-on-year terms. As a result, the difference between the official and black-market exchange rates has diminished further: At the beginning of October the kwanza traded at AOA 360 per USD in the parallel market, according to local media reports.

The determination to move to a fully free-floating exchange rate regime has gained further credibility following the government’s decision in August to seek financial support from the IMF in exchange for commitment to structural reforms.

Angolan Kwanza Exchange Rate Forecast

FocusEconomics panelists expect the Angolan kwanza to end 2019 at 323.0 per USD and 2020 at 345.0 per USD.

Angola - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)97.61  102.9  135.2  165.8  165.8  

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Angola Exchange Rate Chart

Angola Exchange Rate
Note: Exchange Rate, AOA per USD (eop).
Source: Thomson Reuters

Angola Facts

Exchange Rate362.70.0 %Sep 04
Stock Market0.10.0 %Sep 04

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