Foreign Exchange And Money Market Rates

28/06/2019


Savings Account Yield

Account Type Rate (Amount in excess of K500,000)
Savings 3.0% per annum
30 Days Deposit 7.0% per annum
60 Days Deposit 8.0% per annum
90 Days Deposit 10.0% per annum
180 Days Deposit 11.0% per annum
270 Days Deposit 12.0% per annum
365 Days Deposit 14.0% per annum

Treasury Bills Yield

Treasury Bills  
91 Days 15.99%
182 Days 16.50%
273 Days 25.25%
364 Days 26.25%

Indicative Foreign Exchange Rates

Currency Buy Sell
USD/ZMW 12.400 12.590
GBP/ZMW 15.515 15.753
ZAR/ZMW 0.8973 0.9153
EUR/ZMW 13.961 14.175
GBP/USD 1.2775 1.3032
EUR/USD 1.1184 1.1998
USD/ZAR 14.014 14.296
USD/NAD 14.014 14.296

The above exchange rates are indicative. Please consult your nearest branch for firm contract.

Government Bonds Return Rate

Government Bonds  
2 Years 29.50%
3 Years 29.75%
5 Years 30.50%
7 Years 25.58%
10 Years 27.00%
15 Years 19.00%

Economic Calendar

2019 Economic Calendar
05 Jul U.S Non-Farm Payrolls Data-June

Economic Indicators

Economic Indicators Rate
INFLATION Current - 8.10%
  Previous - 7.70%
BPR 10.25%
Zambia's Gross Reserves (Feb 2019) $1.60 Billion

Commodities & LUSE

Commodities & LUSE      
Measures      
Copper $5,998.00 $35.00
Brent Crude Oil $66.61 $1.81
Gold $1,411 $9.00
LUSE 4,564.78 0.00

Foreign Exchange News

Tuesday's trading session saw the Kwacha remain largely unchanged from the previous day as it was seen trading K11.900 / K11.950, a level it maintained until close of the trading session. Market activity was mostly subdued as most corporates on the buy side were looking to trade below the $1/11.900 mark while the supply side remains relatively flat.

In the interim, most market participants will remain cautious and will look to make a move after the bond auction on Friday.


Money Market News

The commercial banks' aggregate current account increased by K412.54 million to K941.67million while the overnight borrowing and lending rate decreased by 0.04% to 10.30%. Total funds traded on Interbank was K32million.


This information is prepared for indicative purposes only. For firm contracts please contact Peter Mwepu, NathanTembo, Chiyanzu Kambita or Namakau Manda.
Tel: 360097 for Peter, 360098 for Nathan or 360096 for Chiyanzu,
Or email:
peter.mwepu@cavmont.com.zm
nathan.tembo@cavmont.com.zm
chiyanzu.kambita@cavmont.com.zm
namakau.manda@cavmont.com.zm

Cavmont Bank Ltd accepts no liability whatsoever for any direct or consequential loss arising from the use of or reliance upon any of the information and opinions contained herein.