AOA Market Update
31 Mar 2026 • 00:37 GMT
The Angolan Kwanza has edged higher against the US dollar, trading near 0.001092 in recent days—its 14-day high and close to its three-month average. This stability follows a period of resilience, supported by recent central bank interventions and economic confidence. Notably, the central bank injected $250 million into forex markets in October, helping the Kwanza recover from long-standing lows. Additionally, the rate hike from 17% to 18% in November indicates efforts to curb inflation and stabilize the currency. Market watchers remain cautiously optimistic, expecting the Kwanza to stay relatively steady amid ongoing economic reforms and a slowdown in inflation.
against the euro and the British pound, the Kwanza has also strengthened slightly, trading at near 0.000954 and 0.000829 respectively. It is also trading near 0.001596 against the Australian dollar and 0.001522 against the Canadian dollar, reaching recent 60- to 90-day highs. Overall, the recent moves reflect improving confidence, although geopolitical factors and oil prices continue to influence the broader currency landscape. Travelers and businesses should monitor these developments, as the Kwanza remains relatively firm but still sensitive to external shocks.
