Currency Forecasts

The Ugandan shilling has depreciated sharply in recent weeks, nearly matching the rate of depreciation seen in mid-to-late January 2011 which led to aggressive interventions by the... 2011-02-14

After having broken through medium-term resistance at the KWD0.2785/USD level and reaching a two-year high at KWD0.2758/USD at one point on February 2nd, the dinar has retraced back... 2011-02-04

Our near-term outlook for the Iranian rial is bearish. The unit posted minor gains against the US dollar during Q410, but we foresee a general depreciatory trend for the unit in the... 2011-01-13

Over the short term, the Botswana pula is expected to linger around its present level of about BWP6.45/US$, in line with our short-term expectations of stability for the South African... 2011-01-05

After depreciating sharply during the first half of 2010, the Tanzanian currency found support at its historic low level of TZS1,525.00/US$ in the third quarter of the year. The unit... 2010-12-07

Having bounced off resistance at ILS3.5500/US$ at the beginning of Q410, our near-term outlook on the Israeli shekel is bearish. The unit continues to depreciate against the US dollar,... 2010-12-03

The kwacha has broken through a key support level, and was edging close to ZMK4,900/US$ on November 29 2010, a sharp depreciation from the ZMK4,600/US$ to ZMK4,700/US$ range where the... 2010-12-02

The Ghanaian cedi has tentatively regained its footing following a mild sell-off over recent weeks. Foreign investor sentiment is riding high in the aftermath of the Ghana Statistical... 2010-11-11

After depreciating for much of the 2009 and 2010, the Mozambican metical found a bottom at the beginning of Q310, and has since begun appreciating again. Although limited market liquidity... 2010-11-09

Following several months of sideways trading around EGP5.7000/US$, the Egyptian pound has plunged through support, trading as low as EGP5.7850/US$ at one point on October 21. While... 2010-10-21