Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
US Dollar to Kwanza Exchange Rate
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Historical Rate chart of USD and AOA
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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.
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Send money from USD to AOA
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)|
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