Currency Forecasts

The Zambian kwacha is testing key support at ZMK4,700/US$, but given our view that copper, which was trading at US$3,435/tonne at one point on December 4 2008, is likely to head even... 2008-12-04

We expect the Angolan kwanza to stay stable at AOA74.58/US$ over the short term. Despite the uptrend in inflation over recent months, we believe the authorities will not opt for a... 2008-11-28

The cedi is set to see accelerated losses towards GHS1.2000/US$ in the short term owing to fundamental downside pressure as well as the actions of the Bank of Ghana. The accelerated... 2008-11-10

The Ugandan shilling has been battered by the wave of risk aversion amid escalation of the credit crisis and concerns for global economic growth. Having broken through multi-year... 2008-10-31

Although we had forecast a 'hard and fast' resurgence in the dollar during the second half of the year, the move has been both harder and faster than even we had anticipated. As a... 2008-09-11

Following a seven-month trading high of ZAR7.1580/US$ reached at the beginning of August, the South African rand has weakened by more than 14.5% to at one point trade at ZAR8.2400/US$... 2008-09-10

We turned bearish on the Egyptian pound on August 4, since when the unit has depreciated by 3.8% . Indeed, the situation has worsened considerably since then, mainly on the back... 2008-08-08

BMI View: The beleaguered Ghanaian cedi should receive some support over August-September from privatisation inflows and the sale of the annual cocoa crop, bringing the currency back... 2008-08-07

In line with the Central Bank of Nigeria (CBN)'s mandate to protect the currency's 'international value', the naira has opened and closed in the narrow band between NGN117.65/US$... 2008-07-24

The Kenyan shilling's fall through the key KES66.50/US$ support level is a negative technical signal, setting up further potential losses to KES70.00/US$. The unit traded at KES66.69/US$... 2008-07-10