Sunday, January 10, 2010

Market Intelligence - Currencies

During the week of 4 – 8 January, most African currencies fluctuated within the range of ± 2% against the US dollar. Stronger exchange rate changes occurred for Mozambique’s Metical that recorded the highest gain of 10.7% followed by the Djibouti Franc up by 3.5%. On the other hand the Seychelles Rupee depreciated by 9.3% against the US dollar, with the Kenyan Shilling, the Mauritius Rupee and Malawi’s Kwacha falling by 2.5-2.9%. For this week's Market Intelligence Table, click here.