Fitch Options forecasts Angolan kwanza to fall from 451 to 470 this 12 months and 499 per greenback in 2023

The consultancy Fitch Options forecasts that Angola’s nationwide foreign money will counter the pattern of appreciation in opposition to the greenback and fall from 451 to 470 kwanzas per greenback by the top of the 12 months, depreciating an extra 7.3% subsequent 12 months.

“We anticipate that the kwanza will depreciate marginally in the remainder of the 12 months to 470 kwanzas per greenback, after appreciating in 2021 and till the second quarter of 2022,” write the analysts of this consultancy owned by the identical homeowners of the Fitch ranking company.

Within the evaluation word on the kwanza evolution despatched to traders, Fitch Options . . .

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