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.
EUR Weekly Market Overview
Updated 28 Jul 2026 • 23:46 GMT
The euro remains under pressure as it holds near its recent lows against the US dollar. Market participants are cautious due to geopolitical tensions in the Middle East, alongside expectations of at least one more rate hike by the US Federal Reserve before the year ends. These developments have heightened inflation concerns, further complicating the euro's recovery. Despite recent economic indicators, the Eurozone faces challenges that could keep the euro subdued in the near term.
- Key watchpoints:
- Potential Federal Reserve rate hike and its impact on the EUR/USD.
- Geopolitical tensions in the Middle East affecting market sentiment.
- Eurozone economic indicators and ECB decisions and their influence on the euro's trajectory.