Financial analyst predicts kwacha relative stability

zambia kwacha
zambia kwacha

Financial Analyst Mambo Hamaundu has predicted that the Kwacha will continue trading within the same range of between six point one and six point two in the next six months if inflation remains at the same rate.

Mr. Hamaundu says the Zambian Market is a bit volatile and based on that fact it becomes difficult for the nation to ascertain what the exchange rate will be in the years to come.

He adds that if other external factors such as the price of copper remain at about the same level, the Kwacha will continue rating within the current range.

The Kwacha has shown relative stability following the measures the Bank of Zambia has put in place to contain the volatility of the local currency against other major international currencies.

qfm news