Currency Forecasts
Sudan
Having dropped precipitously from its 2010 high of SDG2.2222/US$ to SDG2.3600/US$ on July 1, the Sudanese pound has since clawed back some gains, trading at SDG2.2943/US$ on July 14....
2010-07-14Botswana
In line with our short-term view for the South African rand, we expect the pula to remain broadly stable versus the US dollar with BWP6.40/US$ - BWP7.30/US$ likely to form the bounds...
2010-07-13Nigeria
Following a brief period of downward pressure on the exchange rate in May 2010, the naira has again stabilised in the NGN150.00/US$ region, where we expect it to remain over the coming...
2010-07-12Kenya
The Kenyan shilling found support at KES81.00/US$ after a six month bout of depreciation, during which it lost approximately 9% against the US dollar. With a weak recovery in the US...
2010-07-09South Africa
The South African rand continues to range trade, with key resistance at ZAR7.2000/US$ and key support at ZAR8.0000/US$ unlikely to be tested over the near term. However, we do expect...
2010-07-08Egypt
We believe that the Egyptian pound will stabilise around the EGP5.70/US$ level. This is in spite of the euro gaining ground against the US dollar lately. The pound has responded as...
2010-07-08Angola
After a series of devaluations over the course of 2009 and early 2010, the Angolan kwanza seems to have found a bottom around the AOA93.00/US$ mark. Given an improved external environment...
2010-06-14Tanzania
Like its counterparts in Kenya and Uganda, the Tanzanian shilling has seen a sharp sell-off against the US dollar in recent weeks, smashing through its global financial crisis low to...
2010-06-09
