Market Updates: Kwacha gains, after two-days loss episodes
“Importantly, the Zambian kwacha remains within a stronger trading band as compared to late 2025 levels, deeply reflecting sustained confidence supported by export receipts, disciplined macroeconomic management and improving investor sentiment” – says an elated Zambian Social Economist Kelvin Chisanga
Kelvin Chisanga
By Kelvin Chisanga
The Zambian Kwacha continues to trade in a consolidation phase, oscillating between moderate gains and losses as the market adjusts to competing liquidity flows.
Recent trading patterns show daily gains of approximately 0.5% to 3.0% during periods of strong foreign exchange inflows, while pullbacks of about 0.3% to 2.0% have also been observed as monthly financial obligations and liquidity demand takes effect bringing the trading base to K19.60 per unit of US Dollar.
This narrow two-sided movement clearly indicates a controlled volatility, rather than market stress.
Importantly, the kwacha remains within a stronger trading band as compared to late 2025 levels, deeply reflecting sustained confidence supported by export receipts, disciplined macroeconomic management and improving investor sentiment.
Overall, the current oscillation reflects a healthy price discovery process, as the market balances inflows against short-term payment pressures, with the underlying trend remaining stable.
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