US Dollar to Kwanza Exchange Rate

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= Kz 665.5060

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Historical Rate chart of USD and AOA

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Updated: 31 Oct 2020 07:10:19 UTC

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How can I get the best exchange rates between US dollar and the Angolan kwanza?

To get the best exchange rate between the US dollar and the Angolan kwanza, you should first find out what the mid-market exchange rate is. Once you know that, you can compare the exchange rate offered by various money-changing services, both online and in person.

Sometimes you may find that your local brick-and-mortar currency exchange offers a good rate for exchanging cash, while other times it may be better to convert the currency electronically and transfer your money via online money transfer services.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Sub unit symbol:c
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Kwanza

The kwanza is the official currency of Angola. It replaced the first kwanza in 1999, reintroducing coins into circulation. While it has suffered as a result of inflation, the kwanza is recently seeing stability.
Currency:Kwanza
Currency Symbol:Kz
Sub unit:cêntimo
Sub unit symbol:c
Bank notes:5, 10, 50, 100, 500, 1000, 2000
Coins:.10c, .50c, 1c, 2c, 5c, 20c, 50c, 100c

Send money from USD to AOA

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1 Same day USD 0.00 662.511 AOA 3,312,556 XE offers fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$1 Within an hour USD 3.99 662.711 AOA 3,310,910 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details

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What affects exchange rates between the US dollar and the Angolan kwanza?

Various political and economic factors in the countries, and worldwide, can affect the exchange rate of the Angolan kwanza against the US dollar.
In early 2017, the Finance Minister of Angola, Archer Mangueira, said that the currency would have to be devalued “sooner or later” in order to “maintain the stability of foreign reserves”.

Although the currency is not going to be devalued immediately, it is bound to happen in the future in hopes that the devaluation will discourage imports and strengthen Angola’s economy.

Export revenues also have an effect on the demand for the Angolan kwanza. A decrease in export revenues, for example due to lower oil prices, pushes the exchange rate down.

Furthermore, since 2012 a law has been in place in Angola requiring foreign oil companies to pay their suppliers in kwanza, and thus limiting the supply of dollars in the economy. To deal with this problem, the Angolan government decided to put in place restrictions on foreign exchange trading with the kwanza.

International debt also plays a huge role in determining the exchange rate. Although Angola receives international support, its debt burden is increasing. The government has secured loans from various sources, including the World Bank and China, and plans to issue Eurobonds in return. Consequently, there is an increase in financing needs, and a rise in public debt leads to the depreciation of the kwanza.

Another factor affecting the exchange rate of the Angolan kwanza against the US dollar is the inflation rate. The inflation rate in Angola is currently 25.18 percent and averaged 36.97 percent from 2001 to 2017. The ideal inflation rate is often considered to be around 2 percent, meaning an inflation rate higher than that will devalue the currency.


How does the Angolan kwanza trade against the US dollar historically?

The USD/AOA exchange rate has experienced minor fluctuations since the first quarter of 2016, with the currency fluctuating between 165 and 167. The currency is pegged to the US dollar by the National Bank of Angola (BNA) for administrative reasons and is not vulnerable to the fluctuating forces of supply and demand. The current peg is set to 165.92 kwanza to 1 dollar.

Before the current peg system was implemented, the currency of Africa’s second-largest oil producer fell rapidly in September 2015 and continued a trend starting in mid-2014. This was largely due to the fall in oil prices, since oil is the country’s major source of income. In January 2016, the currency was further devalued by 13 percent.

The extreme devaluation had a huge impact on the economy as tens of thousands of Chinese workers left the country, hurting businesses and halting construction projects. Furthermore, the kwanza fell to a black-market rate of 600 per dollar, slashing the value of contracts that were originally signed at a much higher amount.

US Dollar to the Kwanza for the last 10 years

Nov 2010 Nov 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 92.0099 Inverse: 0.0109 94.9470 Inverse: 0.0105 95.6898 Inverse: 0.0105 96.9432 Inverse: 0.0103 99.3305 Inverse: 0.0101 135.3125 Inverse: 0.0074 165.6258 Inverse: 0.0060 165.9225 Inverse: 0.0060 308.0180 Inverse: 0.0032 496.0680 Inverse: 0.0020

US Dollar to the Kwanza for the last 10 months

Jan 01 Jan 31 Mar 01 Mar 31 Apr 30 May 30 Jun 29 Jul 29 Aug 28 Sep 27
1 USD = 482.2270 Inverse: 0.0021 495.7980 Inverse: 0.0020 492.6300 Inverse: 0.0020 536.6800 Inverse: 0.0019 557.3000 Inverse: 0.0018 580.4400 Inverse: 0.0017 578.9750 Inverse: 0.0017 557.9170 Inverse: 0.0018 596.7000 Inverse: 0.0017 626.8030 Inverse: 0.0016

US Dollar to the Kwanza for the last 10 days

Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28 Oct 29 Oct 30
1 USD = 654.1190 Inverse: 0.0015 657.0180 Inverse: 0.0015 657.0200 Inverse: 0.0015 657.0200 Inverse: 0.0015 657.0200 Inverse: 0.0015 658.3250 Inverse: 0.0015 659.8750 Inverse: 0.0015 664.2700 Inverse: 0.0015 662.9410 Inverse: 0.0015 665.5060 Inverse: 0.0015

Market rate for common transfer amounts USD to AOA

US Dollars (USD) Angolan Kwanza (AOA)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0


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2 Responses

  1. Default Gravatar
    AsadMay 8, 2018

    Is usd payments allowed from angola? If yes then what are the rules and regulation. Thanks

    • Avatarfinder Customer Care
      JoshuaMay 8, 2018Staff

      Hi Asad,

      Thanks for getting in touch with finder. I hope all is well for you. :)

      To help you further, may I know what type of payment you are referring to?

      If you want to send money from Angola, please check this list of international money transfer companies.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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