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US dollar to Angolan kwanza exchange rate

Find the best USD/AOA exchange rate for 01 Mar 2021.

Live Rate

= Kz 629.9410

Refreshing in: 60s | Tue, Mar 02, 04:18AM GMT

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Historical Rate chart of USD and AOA

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Updated: 02 Mar 2021 04:18:27 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 0.00 627.106 AOA 3,135,531 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$1 Within an hour USD 3.99 627.295 AOA 3,133,973 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details

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Best ways 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

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Feb 2020
1 USD = 93.0322 Inverse: 0.0107 94.9790 Inverse: 0.0105 95.9836 Inverse: 0.0104 97.6144 Inverse: 0.0102 106.4064 Inverse: 0.0094 158.8647 Inverse: 0.0063 165.9075 Inverse: 0.0060 214.8680 Inverse: 0.0047 314.1720 Inverse: 0.0032 492.6300 Inverse: 0.0020

US Dollar to the Kwanza for the last 10 months

Apr 2020 May 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021
1 USD = 557.3000 Inverse: 0.0018 580.4400 Inverse: 0.0017 584.4500 Inverse: 0.0017 552.9200 Inverse: 0.0018 605.2500 Inverse: 0.0017 630.5120 Inverse: 0.0016 665.6750 Inverse: 0.0015 655.3340 Inverse: 0.0015 654.1600 Inverse: 0.0015 648.8450 Inverse: 0.0015

US Dollar to the Kwanza for the last 10 days

Feb 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28 Mar 01
1 USD = 652.4600 Inverse: 0.0015 652.4600 Inverse: 0.0015 651.7230 Inverse: 0.0015 648.0000 Inverse: 0.0015 649.8200 Inverse: 0.0015 649.8230 Inverse: 0.0015 649.8230 Inverse: 0.0015 649.8230 Inverse: 0.0015 635.9500 Inverse: 0.0016 629.9410 Inverse: 0.0016

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

    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 out again.

      Have a wonderful day!

      Cheers,
      Joshua

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