Currency Forecasts

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

In line with a trend seen across East Africa, the Ugandan shilling has been on a continuous slide since the fourth quarter of 2009, having lost 14.6% of its value over the six months... 2010-05-18

The upside and downside pressures on the Ghanaian cedi have been balanced since December 2009, and we expect this to continue over the short term. Depreciatory forces stemming from... 2010-05-13

We expect the Israeli shekel to continue range trading between ILS3.70/US$ and ILS3.80/US$ in the short term. With Israel's export-led economic recovery still in play, upside pressure... 2010-03-23

Having appeared to extend the broad appreciatory trend which played out in 2009 through January 2010, reaching a high of ZMK4,370/US$ on January 19, the Zambian kwacha has since weakened... 2010-03-17

The South African rand continues to range trade, with key resistance at ZAR7.20/US$ and key support at ZAR7.60/US$ unlikely to be tested over the near term. Indeed, the currency has... 2010-01-20

Having weakened in the final two weeks of 2009 due to local seasonal forex demands, the Kenyan shilling has begun to edge higher early in 2010. However, given that the shilling has... 2010-01-14

The Tanzanian shilling remains rangebound, having traded between TZS1,345/US$ and TZS1,280/US$ since February 2009. The bounds of this range represent key technical levels, with a... 2009-12-03

In line with the improving state of macroeconomic fundamentals in Uganda and a rise in global risk appetite, the shilling has been strengthening continuously since July 2009. We turned... 2009-11-10

The Ghanaian cedi is enjoying an appreciatory run in line with the bullish view which we initiated on August 10, and we hold to our constructive outlook. The currency is being buoyed... 2009-11-05