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World
Zambian kwacha nears parity with South African rand
Herz — World Desk · · 30s summary · 1 min read
The essentials
The Zambian kwacha is nearing parity with the South African rand, according to Bloomberg. It has appreciated by almost 18% against the US dollar this year, making it the second-best-performing currency among those tracked by Bloomberg. The available information does not specify the exact exchange rate or when parity with the rand could be reached.
- The Zambian kwacha is nearing parity with the South African rand.
- The currency has gained almost 18% against the US dollar this year.
- It ranks second among the currencies tracked by Bloomberg.
What we know
The Zambian kwacha is nearing parity with the South African rand, according to Bloomberg.
Zambia’s currency has appreciated by almost 18% against the US dollar this year.
That gain makes the kwacha the second-best-performing currency among those tracked by Bloomberg.
What remains uncertain
The available information specifies neither the exact exchange rate nor when parity with the rand could be reached.
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