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Fitch Solutions forecasts Angolan kwanza to fall from 451 to 470 this year and 499 per dollar in 2023

The consultancy Fitch Solutions forecasts that Angola's national currency will counter the trend of appreciation against the dollar and fall from 451 to 470 kwanzas per dollar by the end of the year, depreciating a further 7.3% next year.

"We anticipate that the kwanza will depreciate marginally in the rest of the year to 470 kwanzas per dollar, after appreciating in 2021 and until the second quarter of 2022," write the analysts of this consultancy owned by the same owners of the Fitch rating agency.

In the analysis note on the kwanza evolution sent to investors, Fitch Solutions . . .

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