Malawi Kwacha trading at K732to a US $, depreciates by 0.2%

Malawi Kwacha is now trading at K732.50  a US dollar  from aK731.13 on Monday, registering a depreciation  of 0.2% , according to a report by Blantyre-based investment and advisory firm Nico Asset Managers.

Malawi Kwacha: Weakened

The local unit is expected to start appreciating following the opening of the 2017 tobacco marketing season on Tuesday, according to An  Economic Report by Nico for the month of March.

The  firm says in  the report in part: “This overall trend towards depreciation in the value of the kwacha reflects uncertainties regarding Malawi’s macroeconomic outlook and has also been driven by the general strengthening in the value of the US [United States] dollar”.

 

 

On interest rates, Nico Asset Managers says the interbank market are expected to be unstable as they depend on the volatility of liquidity while Treasury Bills (TBs) yield is expected to decline following the downward revision of the policy rate by the Reserve Bank of Malawi last month by two percentage points from 24 percent to 22 percent.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From Nyasatimes

More From the World

2 thoughts on “Malawi Kwacha trading at K732to a US $, depreciates by 0.2%”

  1. Abel malizan says:

    l will sell it

  2. akanyeramtsetere says:

    characteristic of a good journalist. good news indeed coz it raise demand for malawi commodities at a world market. write more about potives inorder to help to promote trade which will boost malawi economy and therefore more job opportunities and improved living standards for every malawi fox not only the rulin political party. see now how the magic works?

Comments are closed.