Zambian Kwacha

The Zambian Kwacha increased to 6.26 in April from 6.15 in March of 2014. Zambian Kwacha averaged 3.44 from 1993 until 2014, reaching an all time high of 6.43 in March of 2014 and a record low of 0.34 in October of 1993. The USDZMK spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDZMK spot exchange rate is quoted and exchanged in the same day, the USDZMK forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Zambian Kwacha - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.26 6.15 6.43 0.34 6.21 | 2014/05 1993 - 2014 Daily

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Zambian Kwacha
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Markets Last Previous Highest Lowest Forecast Unit
Currency 6.26 2014-04-22 6.15 6.43 0.34 6.21 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Zambia Exports at 4217000.00 Thousands Zambian Kwacha  
Exports in Zambia decreased to 4217000 Thousands Zambian Kwacha in February of 2014 from 4843000 Thousands Zambian Kwacha in January of 2014. Exports in Zambia is reported by the Central Statistical Office, Zambia.
Zambia GDP Current Prices at 125947.00 ZMW THO  
GDP Constant Prices in Zambia increased to 125947 ZMW THO in 2013 from 106015 ZMW THO in 2012. GDP Constant Prices in Zambia is reported by the Central Statistical Office, Zambia.
Zambia Imports at 4159000.00 Thousands Zambian Kwacha  
Imports in Zambia decreased to 4159000 Thousands Zambian Kwacha in February of 2014 from 4547000 Thousands Zambian Kwacha in January of 2014. Imports in Zambia is reported by the Central Statistical Office, Zambia.
Zambia Interest Rate at 12.00 percent  
The benchmark interest rate in Zambia was last recorded at 12 percent. Interest Rate in Zambia is reported by the Bank of Zambia.
Zambia Inflation Rate at 7.70 percent  
The inflation rate in Zambia was recorded at 7.70 percent in March of 2014. Inflation Rate in Zambia is reported by the Bank of Zambia.
Zambia Personal Income Tax Rate at 35.00 percent  
The Personal Income Tax Rate in Zambia stands at 35 percent. Personal Income Tax Rate in Zambia is reported by the Zambia Revenue Authority.
Zambia Corporate Tax Rate at 35.00 percent  
The Corporate Tax Rate in Zambia stands at 35 percent. Corporate Tax Rate in Zambia is reported by the Zambia Revenue Authority.
Zambia Sales Tax Rate at 16.00 Percent  
The Sales Tax Rate in Zambia stands at 16 percent. Sales Tax Rate in Zambia is reported by the Zambia Revenue Authority.
Zambia Balance of Trade at 161000.00 Thousands Zambian Kwacha  
Zambia recorded a trade surplus of 161000 Thousands Zambian Kwacha in December of 2013. Balance of Trade in Zambia is reported by the Central Statistical Office, Zambia.
Zambia Current Account at 67.50 USD Million  
Zambia recorded a Current Account surplus of 67.50 USD Million in the fourth quarter of 2012. Current Account in Zambia is reported by the Bank of Zambia.
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LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
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