AOA Market Update
15 May 2026 • 00:40 GMT
The Angolan Kwanza (AOA) remains relatively stable against the US dollar, trading near its 3-month average at around 0.001091. Recent market activity shows a narrow range from 0.001089 to 0.001096, reflecting steady sentiment. This stability follows several supportive factors, including Angola’s central bank intervention in October 2024, where $250 million was injected into the foreign exchange market, helping the Kwanza recover from a long-standing low against the dollar. Additionally, the central bank’s interest rate hike to 18% in November 2023 aimed to curb inflation and bolster currency confidence, contributing to recent stability. Meanwhile, forecasts from Standard Bank in April 2024 predict minimal depreciation for the Kwanza this year, suggesting a more stable outlook. Against major currencies, the Kwanza has strengthened slightly against the euro, with its rate near 0.000936, and against the British pound, trading near 0.000815. It has also hit 14-day highs against the Japanese yen at around 0.1729. Overall, the Kwanza remains steady, supported by continued cautious optimism for Angola's economic outlook.