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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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
|Oct 2009||Oct 2010||Oct 2011||Oct 2012||Oct 2013||Oct 2014||Oct 2015||Oct 2016||Oct 2017||Oct 2018|
|1 USD =||84.9800 Inverse: 0.0118||92.2473 Inverse: 0.0108||94.8468 Inverse: 0.0105||95.4430 Inverse: 0.0105||97.7724 Inverse: 0.0102||98.7059 Inverse: 0.0101||136.1903 Inverse: 0.0073||165.6158 Inverse: 0.0060||165.9225 Inverse: 0.0060||302.4385 Inverse: 0.0033|
US Dollar to the Kwanza for the last 10 months
|Dec 2018||Jan 2019||Feb 2019||Mar 2019||Apr 2019||May 2019||Jun 2019||Jul 2019||Aug 2019||Sep 2019|
|1 USD =||308.3775 Inverse: 0.0032||310.2140 Inverse: 0.0032||313.6925 Inverse: 0.0032||317.2565 Inverse: 0.0032||321.1430 Inverse: 0.0031||328.8665 Inverse: 0.0030||340.2720 Inverse: 0.0029||347.6570 Inverse: 0.0029||362.0025 Inverse: 0.0028||371.3680 Inverse: 0.0027|
US Dollar to the Kwanza for the last 10 days
|Oct 12||Oct 13||Oct 14||Oct 15||Oct 16||Oct 17||Oct 18||Oct 19||Oct 20||Oct 21|
|1 USD =||392.0705 Inverse: 0.0026||399.5840 Inverse: 0.0025||409.2820 Inverse: 0.0024||413.8935 Inverse: 0.0024||426.6445 Inverse: 0.0023||442.5025 Inverse: 0.0023||449.0365 Inverse: 0.0022||449.0365 Inverse: 0.0022||449.0365 Inverse: 0.0022||450.7390 Inverse: 0.0022|
Market rate for common transfer amounts USD to AOA
|US Dollars (USD)||Angolan Kwanza (AOA)|
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