Kwacha continues to appreciate

The Kwacha has appreciated against the US Dollar and other major currencies as the intervention measures put in place by the Bank of Zambia continue to yield positive effect on the local currency.

According to the latest figures from the central bank, the USD was buying/selling at K7.19/K7.21 from Monday’s K7.21/K7.23, while the British Pound was trading at K10.61/K10.64 from yesterday’s K10.56/K10.59. The Euro was trading at K7.66/K7.69, while the South African Rand was at K0.59/K0.59 from yesterday’s K0.59/K0.59.

Meanwhile, at Zanaco, the USD was trading at K7.13/K7.27 buying and selling, while the GBP was trading at K10.40/K10.66. The Euro was trading at K7.48/K7.67, while the Rand was at K0.59/K0.60.