The Zambian Kwacha maintained a narrow trading band against the US dollar on Wednesday, with movements on the Bank of Zambia (BoZ) official exchange rate showing minimal intraday volatility. The currency’s stability reflects relatively balanced market activity, with no major demand or supply shocks recorded during the session.
According to BoZ data, the Kwacha opened the morning session at K22.8104 buying and K22.8604 selling at 09:30 hours. The rate remained largely unchanged into midday, inching slightly to K22.8125 buying and K22.8625 selling at 12:30 hours.
By the close of the afternoon session at 15:30 hours, the Kwacha posted a marginal uptick, strengthening to K22.8214 buying and K22.8714 selling. While the adjustment was modest, it signaled continued market steadiness despite broader global currency pressures.
Analysts noted that the Kwacha’s performance aligns with expectations for the week, supported by stable corporate demand for foreign exchange and moderate inflows from key sectors. The Bank of Zambia is expected to continue monitoring liquidity conditions as month-end transactions gather pace.
