AOA Market Update
02 Jun 2026 • 00:43 GMT
The Angolan Kwanza (AOA) remains near recent highs against the US dollar, trading just above 0.001095. This level is slightly above its 3-month average and has held within a narrow range from 0.001089 to 0.001096, indicating relative stability.
Recently, the market has been influenced by the Central Bank's intervention in October 2024, which injected $250 million into the foreign exchange market. This move helped the Kwanza recover from a 25-year low and support its stability against the US dollar. Betting on future stability, Standard Bank projected a significant slowdown in currency depreciation for 2024, expecting the Kwanza to depreciate by only 3% this year compared to 40% in 2023.
With the currency holding steady recently, it suggests that Angola's efforts to stabilize may be bearing fruit. For traders and businesses, these developments mean the Kwanza could stay stable in the near term. However, keep an eye on geopolitical risks, inflation, and any further central bank actions, as these could influence future movements.