USD/ZMW Price & Performance (USDZMW)

Kenya's shilling is under pressure as banks repatriate last year’s dividends, with rates quoted at 129.30/129.50 against the dollar, weakening from last week. Traders warn further depreciation is likely without central bank intervention.1

Nigeria’s naira continues to lose value, trading at 1,550 per dollar in official markets and 1,570 on the streets. Dollar demand has surged, widening the gap between official and parallel rates, with further declines expected unless supply improves.1

Uganda's shilling shows potential for gains, trading at 3,662/3,672 per dollar. Reduced dollar demand, driven by mid-month tax payments, could bolster the currency, with traders predicting a range of 3,630-3,660 in the near term.1