US Dollar to Kwanza Exchange Rate

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= Kz 450.7390

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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 3.99 448.846 AOA 2,242,439 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

    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)
    $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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