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 | 21.840 | 22.230 |
| GBP/ZMW | 30.528 | 31.083 |
| ZAR/ZMW | 1.5017 | 1.5318 |
| EUR/ZMW | 25.161 | 26.628 |
| 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.
