AOA Market Update
12 May 2026 • 00:40 GMT
The Angolan Kwanza (AOA) is currently near its 30-day high against the US dollar, trading around 0.001095. This level is slightly above its three-month average and within a narrow, stable range. Recent government efforts, including a $250 million injection into the forex market by the central bank in October, have helped the currency recover from a long-term low, supporting some stability.
Looking ahead, Standard Bank's forecast suggests the Kwanza could see less depreciation this year, with hopes of a stable exchange rate. Meanwhile, Angola’s central bank raised interest rates in November 2023 to curb inflation and strengthen the currency, which also favors stability. The bank’s confidence in the currency's outlook, helped by slowing inflation and positive economic activity, remains supportive.
Overall, the Kwanza's recent moves highlight a cautiously optimistic picture. While the currency remains stable for now, ongoing government steps and market confidence are key factors to watch. For traders and businesses, expect the AOA/USD rate to stay within its current range unless new economic or policy changes occur.