Kwacha Rebased fluctuation due to high demand of forex- Analyst

Banner 3
Banner 3

The continued fluctuation of the Kwacha against major convertible currencies is been influenced by the high demand for supply of forex,  a Financial Analyst Maambo Hamaundu has observed.

And yesterday’s trading saw the Kwacha closing five points stronger on the inter-bank at KR 5.275 to KR 5.295.

According to the Standard Chartered bank daily financial briefs the market had a fair balance of the trade on the sell and buy sides with dollar-Kwacha trading range.

Mr. Hamaundu says there has been a mismatch between the supply and demand of the dollar in the past months.  He said despite the country having recorded impressive copper prices on the London Metal Exchange (LME), the local currency has not been performing well.

He explained that copper has an effect on the country due to its nature of been a major export product, therefore when they are high copper prices the Kwacha is also expected to appreciate.

Mr. Hamaundu stated that the current situation means that despite the country getting enough dollars from   copper exports the demand always outstrip supply.

He has further appealed to government to find a lasting solution to the problem which can only be achieved through the creation of more manufacturing industries in the country hence minimizing the levels of imports which also contributes to high demand for the dollar.

The Kwacha has continued to fluctuate in its performance trading in the range of K5000 and K5300 to one United States dollar (US$).

However, prices of copper on the international market have since last year enjoyed a fair and according to LME by Monday 14th January 2013 the commodity had gained by 0.6 per cent to trade at US $8,089 per metric tonnes.


  1. amature sex Watch hot ladies get deceived to fuck our pals for income!
    Is actually a big deposit of cum on the bums, although these girls feel they are getting paid!
    All in HD! amature sex

  2. When some one searches for his essential thing, so he/she needs to be available that in detail, therefore that thing is maintained over here.

  3. anal casting Free ADULT videos. WATCH the best ADOLESCENT sex on the net!
    Take pleasure in the hottest ADULT with all the best nude girls
    within our movies anal casting

  4. Hi there, You have done an excellent job. I will definitely digg it and personally suggest to
    my friends. I am sure they’ll be benefited from this web

  5. Some products certainly work faster at skin lightening than others.

    If you just want to give yourself a skin tone that is slightly lighter
    than your natural color, for example, there is a choice of skin whitening
    cream that claims to do just that. They can treat, acne
    scars, age spots, fine lines, wrinkles, freckles, uneven skin tone, and rough skin.

  6. They know the secrets, the secrets that were leaked to certain elite players so they
    could be successful. The game is available free for download
    on the Internet and is a light-hearted game suitable for all ages.
    Featuring beautiful graphics, solid gameplay, short and sweet storyline, Mana
    Chronicles will definitely get you hooked into the
    game for several hours.

  7. Asking questions are genuinely fastidious thing if you are not understanding something totally,
    but this piece of writing provides pleasant understanding yet.