US Dollar to Kwanza Exchange Rate

Live Rate

= Kz 492.9895

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Historical Rate chart of USD and AOA

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Updated: 26 Feb 2020 00:24:50 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
    USD 1 Within an hour USD 3.99 490.919 AOA 2,452,636 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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    How to send money to Angola

    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

    Feb 2010 Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016 Feb 2017 Feb 2018 Feb 2019
    1 USD = 93.3058 Inverse: 0.0107 92.9599 Inverse: 0.0108 94.9594 Inverse: 0.0105 95.9620 Inverse: 0.0104 97.6041 Inverse: 0.0102 106.1014 Inverse: 0.0094 158.8697 Inverse: 0.0063 165.9075 Inverse: 0.0060 213.0420 Inverse: 0.0047 313.6925 Inverse: 0.0032

    US Dollar to the Kwanza for the last 10 months

    Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020
    1 USD = 320.2465 Inverse: 0.0031 330.4535 Inverse: 0.0030 340.2720 Inverse: 0.0029 347.6570 Inverse: 0.0029 362.0025 Inverse: 0.0028 371.3680 Inverse: 0.0027 464.5525 Inverse: 0.0022 470.0775 Inverse: 0.0021 482.2270 Inverse: 0.0021 496.5535 Inverse: 0.0020

    US Dollar to the Kwanza for the last 10 days

    Feb 16 Feb 17 Feb 18 Feb 19 Feb 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25
    1 USD = 494.7555 Inverse: 0.0020 494.7555 Inverse: 0.0020 493.9575 Inverse: 0.0020 493.9575 Inverse: 0.0020 492.9895 Inverse: 0.0020 492.9895 Inverse: 0.0020 492.9895 Inverse: 0.0020 492.9895 Inverse: 0.0020 492.9895 Inverse: 0.0020 492.9895 Inverse: 0.0020

    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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