If in May of last year, 100 dollars was worth close to 42,000 kwanzas at the BNA (420 kwanzas for each dollar) and 42,300 kwanzas at commercial banks (423 kwanzas per dollar), currently, in order to acquire the same amount of dollars, it is necessary to disburse 56,400 kwanzas at BNA or between 56,500 kwanzas and 57,300 kwanzas at commercial banks, writes Angop.
In unitary terms regarding the purchase, in commercial banks, one dollar is corresponding to 560 kwanzas, that is, 100 dollars is worth 56 thousand kwanzas, while in the same period of last year, in the formal market, the value of each dollar was equivalent to 412 kwanzas, which, after all, represents a total of 41,200 kwanzas for 100 dollars.
The upward trend can also be seen in the European currency. Currently, at the central bank, 100 euros are being sold at 60,000 kwanzas – each euro is worth 600 kwanzas –, compared to 44,400 kwanzas (444 kwanzas per euro) last year.
According to Angop, in commercial banks, 100 euros are worth around 61,600 kwanzas, compared to the 45,100 kwanzas previously recorded, thus corresponding to an increase of around 16,000 kwanzas.
In the informal market, in some streets of the capital this Monday, 100 dollars were being sold at 62,000 kwanzas and bought at 59,000 kwanzas, while the 100 euro note was being sold at 69,000 kwanzas and bought at 65,000 kwanzas, writes Angop.
