Foreign Exchange And Money Market Rates

13/12/2019


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 19.00%
273 Days 27.00%
364 Days 27.50%

Indicative Foreign Exchange Rates

Currency Buy Sell
USD/ZMW 14.380 14.660
GBP/ZMW 18.875 19.242
ZAR/ZMW 1.0091 1.0293
EUR/ZMW 15.940 16.250
GBP/USD 1.3341 1.3609
EUR/USD 1.1058 1.1281
USD/ZAR 14.350 14.639
USD/NAD 14.350 14.639

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 33.00%
7 Years 25.00%
10 Years 27.00%
15 Years 28.00%

Economic Calendar

2019 Economic Calendar
27 Dec GRZ- Bond Auction 07/2019/BA

Economic Indicators

Economic Indicators Rate
INFLATION Current - 10.80%
  Previous - 10.70%
BPR 11.50%
Zambia's External Debt (June 2019) $10.30 Billion

Commodities & LUSE

Commodities & LUSE      
Measures      
Copper $6,156.00 $0.00
Brent Crude Oil $64.63 $0.39
Gold $1,471.85 $2.06
LUSE 4,264.99 3.91

Foreign Exchange News

The Kwacha seems to have halted its gains around the K14.450 / K14.500 level after beginning the week at an intra-day low of K15.430 / 15.480 on Monday. Corporate activity was largely flat though out the session on Friday as most players were still anticipating further gains below the $1/K14.500 mark. By afternoon however, the kwacha was seen being quoted at K14.500 / K14.550.

In the interim, we don't expect the local unit to make any movements to the downside as demand remains largely mute and the Kwacha is likely to trade between K14.050 / and K14.750 in the short to medium term.


Money Market News

The commercial banks' aggregate current account maintained at K1,289.67 million while the overnight borrowing and lending rate increased by 0.09% to 12.28%. Total funds traded on Interbank was K368.60 million.


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.