Kwacha continues losing value, USD now more than K5, 250

Kwacha continues losing value, USD now more than K5, 250

The Zambia Kwacha has continued losing value against major currencies.

The Kwacha has now going beyond K5, 200 against one US Dollar.

According to the Bank of Zambia, on February 14, 2012, one US Dollar was fetching between K5, 245 and K5 265

One Euro is now almost K7, 000 as it was selling between K6, 904 and 6,932.

The Central bank figures showed that the one British Pound was between K8, 244 and K8,277

The South African Rand was selling between K676  and K683.

Just three weeks ago on Friday January 20, 2012, one US Dollar was costing between K5,136.89 and K5, 156.89

This was according to the Bank of Zambia (BoZ)

One British Pound was trading between K7,947.28 and k7,979.77. The South African Rand was getting between K644.81and K647.73.

The Euro was trading between K6,633.78 and K6,661.15

 

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