Foreign Exchange And Money Market Rates

14/04/2020


Savings Account Yield

Account Type Rate (Amount in excess of K1,000,000)
Savings 3.0% per annum
30 Days Deposit 14.50% per annum
60 Days Deposit 19.50% per annum
90 Days Deposit 21.50% per annum
180 Days Deposit 25.00% per annum
270 Days Deposit 25.50% per annum
365 Days Deposit 26.50% per annum

Treasury Bills Yield

Treasury Bills  
91 Days 16.50%
182 Days 21.25%
273 Days 27.00%
364 Days 29.25%

Indicative Foreign Exchange Rates

Currency Buy Sell
USD/ZMW 18.070 18.420
GBP/ZMW 22.675 23.114
ZAR/ZMW 1.0473 1.0683
EUR/ZMW 20.121 20.511
GBP/USD 1.2424 1.2674
EUR/USD 1.0830 1.1047
USD/ZAR 17.909 18.269
USD/NAD 17.909 18.269

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

Government Bonds Return Rate

Government Bonds  
2 Years 30.95%
3 Years 29.75%
5 Years 33.00%
7 Years 25.00%
10 Years 23.50%
15 Years 30.00%

Economic Calendar

2020 Economic Calendar
23 Apr GRZ- T-Bill Auction 08/2020
24 Apr GRZ - Bond Auction 04/2020/BA
07 May GRZ - T-Bill Auction 10/2020

Economic Indicators

Economic Indicators Rate
INFLATION Current - 14.00%
  Previous - 13.90%
BPR 11.50%
Zambia's External Debt (Feb 2020) $11.20 Billion

Commodities & LUSE

Commodities & LUSE      
Measures      
Copper $5,187 $185.00
Brent Crude Oil $30.98 $2.56
Gold $1,662 $83.00
LUSE 4,152.07 0.00

Foreign Exchange News

The Kwacha rally came to a halt on Tuesday following a wane in inflows from exporters and sellers. The Kwacha began the day trading at K18.250 / K18.300. However, by noon, the local unit was seen being quoted at K18.350 / 18.400, a level it maintained until close of business. Market activity was rather flat as most players had anticipated a further rally of the Kwacha below the $1/18.000 mark.

Should importer demand continue slowing down, the local unit is likely to remain flat in interim with limited movements to the downside.


Money Market News

The commercial banks' aggregate current account increased by K531.91 million to K1,088.93 million while the overnight borrowing and lending rate increased by 0.03% to 12.58%.Total funds traded on Interbank was K219million.


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.