Recent developments that may influence the Angolan Kwanza (AOA) include:
- Standard Bank's Forecast: In April 2024, Standard Bank projected a reduction in the Kwanza's depreciation from 40% in 2023 to 3% in 2024, anticipating a stable exchange rate and significant appreciation against the US dollar and euro. (angop.ao)
- Central Bank's Intervention: In October 2024, the National Bank of Angola injected $250 million into the foreign exchange market, leading to a recovery of the Kwanza from a 25-year low against the dollar. (verangola.net)
- Interest Rate Adjustment: In November 2023, Angola's central bank raised its key interest rate to 18% from 17%, marking the first increase in over two years, in response to currency weakness and rising inflation. (bloomberg.com)
- Currency Stability Outlook: In November 2024, the central bank expressed confidence that the Kwanza would remain relatively stable until the end of the year, supported by a slowdown in inflation and positive economic activity. (aman-alliance.org)
These factors are pertinent for travelers, expatriates, and business owners engaging in transactions involving the Kwanza.
Canadian Dollar Update
Updated 01 Aug 2026 • 23:45 GMT
The Canadian dollar has shown resilience against the US dollar, driven by fluctuating oil prices and cautious monetary policy from the Bank of Canada (BoC). As of mid-July, USD/CAD is trading around 1.4033 after stronger oil prices provided support to the loonie, despite the BoC's decision to hold its rate steady at 2.25% but keeping the possibility of future hikes open. Market sentiments are tempered by weak inflation and trade uncertainties, particularly concerning the USMCA, which are impacting near-term CAD expectations.
Key watchpoints:
- Monitor changes in global oil prices as they significantly impact the commodity-linked Canadian dollar.
- Watch for any updates or changes in monetary policy from the Bank of Canada, particularly rate hike announcements.
- Pay attention to upcoming Canadian employment and economic data releases for further insights into CAD movements.