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Zmw

UPDATE USD vs ZAMBIAN KWACHABased on the recent fluctuations in the exchange rate between the US dollar (USD) and the Zambian kwacha (ZMW), it's evident that there has been volatility in the currency pair. The exchange rate dropped from 1 USD to 27.18 ZMW to 1 USD to 26.90 ZMW, indicating some instability. However, more recently, there has been a further drop to 1 USD to 25.35 ZMW. My previous analysis suggested a bearish correction for the Zambian kwacha, with the potential for it to return to a support level around 1 USD to 22.63 ZMW in the coming months. Despite the recent drop, i still anticipate further depreciation of the ZMW against the USD based on technical analysis.
Short
by Joshua124lupito
My thoughts on USDZMWCurrently, the Zambian kwacha is facing several challenges that are impacting its value in the foreign exchange market. One of the main factors is the high inflation rate, which has been driven by a surge in food and fuel prices. In addition, the country's external debt has been on the rise, and this has led to a decline in investor confidence. These factors, combined with a slowdown in economic growth, have put pressure on the Kwacha's exchange rate. While it's difficult to predict the future movements of the currency, my technical view is that it could take another year before the Kwacha drops below K15 due to the technical factors at play.
by DalitsoTembo
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