> Monthly FX forecasts

macroafricaintel | Africa FX Monthly – Jan 2019

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By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

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Currency   1 month

(31 Jan 2019)

 3 month

(29 Mar 2019)

 6 month

(28 Jun 2019)

 12 month

(31 Dec 2019)
South African Rand (USD:ZAR) 14.0 14.1 14.5 14.3
Nigerian Naira (USD:NGN) 365.0 367.0 366.0 370.0
Ghanaian Cedi (USD:GHS) 4.9 4.8 4.7 5.0
Kenyan Shilling (USD:KES) 102.0 101.7 101.5 102.1
Ugandan Shilling (USD:UGX) 3,705.0 3,701.0 3,700.0 3,707.0
Tanzanian Shilling (USD:TZS) 2,305.0 2,310.0 2,308.0 2,313.0
Ethiopian Birr (USD:ETB) 28.4 28.5 28.7 29.1
Mauritian Rupee (USD:MUR) 34.5 34.7 34.3 35.0
Namibian Dollar (USD:NAD) 14.0 14.1 14.5 14.3
Botswanan Pula (USD:BWP) 10.5 10.3 9.9 10.1
Zambian Kwacha (USD:ZMW) 12.0 12.1 12.3 12.5
US Dollar Index (DXY) 96.5 95.0 96.1 97.0

macroafricaintel | Africa FX Monthly – Dec 2018

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By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Click here for PDF version

Currency   1 month

(31 Dec 2018)

 3 month

(28 Feb 2019)

 6 month

(31 May 2019)

 12 month

(29 Nov 2019)
South African Rand (USD:ZAR) 13.8 14.0 14.1 14.3
Nigerian Naira (USD:NGN) 364.0 367.0 366.0 370.0
Ghanaian Cedi (USD:GHS) 4.7 4.5 4.3 4.1
Kenyan Shilling (USD:KES) 102.7 102.5 102.3 101.9
Ugandan Shilling (USD:UGX) 3,735.0 3,731.0 3,740.0 3,741.0
Tanzanian Shilling (USD:TZS) 2,285.0 2,289.0 2,285.0 2,280.0
Ethiopian Birr (USD:ETB) 28.2 28.4 28.6 29.1
Mauritian Rupee (USD:MUR) 34.5 34.7 34.3 35.0
Namibian Dollar (USD:NAD) 13.8 14.0 14.1 14.3
Botswanan Pula (USD:BWP) 10.5 10.3 9.9 10.1
Zambian Kwacha (USD:ZMW) 12.0 12.1 12.3 12.5
US Dollar Index (DXY) 96.5 95.0 96.1 97.0

macroafricaintel | Africa FX Monthly – Nov 2018

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By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Click here for PDF version

Currency   1 month

(30 Nov 2018)

 3 month

(31 Jan 2019)

 6 month

(30 Apr 2019)

 12 month

(31 Oct 2019)
South African Rand (USD:ZAR) 14.0 14.1 13.7 13.5
Nigerian Naira (USD:NGN) 364.0 367.0 366.0 370.0
Ghanaian Cedi (USD:GHS) 4.7 4.5 4.3 4.1
Kenyan Shilling (USD:KES) 101.7 101.5 101.3 101.1
Ugandan Shilling (USD:UGX) 3,740.1 3735.3 3,743.2 3,761.0
Tanzanian Shilling (USD:TZS) 2,285.0 2,289.0 2,285.0 2,280.0
Ethiopian Birr (USD:ETB) 28.1 28.3 28.5 29.0
Mauritian Rupee (USD:MUR) 34.5 34.7 34.3 35.0
Namibian Dollar (USD:NAD) 14.0 14.1 13.7 13.5
Botswanan Pula (USD:BWP) 10.5 10.3 9.9 10.1
Zambian Kwacha (USD:ZMW) 12.0 12.1 12.3 12.5
US Dollar Index (DXY) 96.7 97.1 97.5 97.9

macroafricaintel | Africa FX Monthly – Oct 2018

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By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Click here for PDF version

Currency   1 month

(31 Oct 2018)

 3 month

(31 Dec 2018)

 6 month

(29 Mar 2018)

 12 month

(30 Sep 2019)
South African Rand (USD:ZAR) 14.3 14.1 13.5 13.3
Nigerian Naira (USD:NGN) 364.0 367.0 366.0 370.0
Ghanaian Cedi (USD:GHS) 5.0 4.8 4.9 5.1
Kenyan Shilling (USD:KES) 101.0 101.3 101.1 100.7
Ugandan Shilling (USD:UGX) 3,831.0 3,827.0 3,830.0 3,829.0
Tanzanian Shilling (USD:TZS) 2,285.0 2,289.0 2,285.0 2,281.0
Ethiopian Birr (USD:ETB) 28.1 28.3 28.5 29.0
Mauritian Rupee (USD:MUR) 34.3 34.5 34.9 35.0
Namibian Dollar (USD:NAD) 14.3 14.1 13.5 13.3
Botswanan Pula (USD:BWP) 10.5 10.3 9.9 10.1
Zambian Kwacha (USD:ZMW) 12.3 12.1 11.8 11.5
US Dollar Index (DXY) 95.0 94.5 94.7 93.5

macroafricaintel | Africa FX Monthly – Sep 2018

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By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Click here for PDF version

Currency   1 month

(28 Sep 2018)

 3 month

(30 Nov 2018)

 6 month

(28 Feb 2019)

 12 month

(30 Aug 2019)
South African Rand (USD:ZAR) 14.3 14.1 13.5 13.3
Nigerian Naira (USD:NGN) 362.0 364.0 367.0 366.0
Ghanaian Cedi (USD:GHS) 4.8 4.6 4.5 4.3
Kenyan Shilling (USD:KES) 100.3 100.5 100.1 100.0
Ugandan Shilling (USD:UGX) 3,770.0 3,750.0 3,780.0 3,786.0
Tanzanian Shilling (USD:TZS) 2,281.0 2,280.0 2,283.0 2,285.0
Ethiopian Birr (USD:ETB) 27.7 28.1 28.3 28.5
Mauritian Rupee (USD:MUR) 34.3 34.5 34.9 35.0
Namibian Dollar (USD:NAD) 14.3 14.1 13.5 13.3
Botswanan Pula (USD:BWP) 10.5 10.3 9.9 10.1
Zambian Kwacha (USD:ZMW) 10.3 10.1 9.8 9.5
US Dollar Index (DXY) 95.0 94.5 94.7 93.5

macroafricaintel | Africa FX Monthly – Aug 2018

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By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Click here for PDF version

Currency   1 month

(31 Aug 2018)

 3 month

(31 Oct 2018)

 6 month

(31 Jan 2019)

 12 month

(31 Jul 2019)
South African Rand (USD:ZAR) 13.5 13.3 14.0 13.5
Nigerian Naira (USD:NGN) 362.0 364.0 367.0 366.0
Ghanaian Cedi (USD:GHS) 4.9 4.6 4.4 4.5
Kenyan Shilling (USD:KES) 100.3 100.5 100.1 100.0
Ugandan Shilling (USD:UGX) 3,670.0 3,650.0 3,680.0 3,686.0
Tanzanian Shilling (USD:TZS) 2,281.0 2,280.0 2,283.0 2,285.0
Ethiopian Birr (USD:ETB) 27.9 28.3 28.9 29.5
Mauritian Rupee (USD:MUR) 34.3 34.5 34.9 35.0
Namibian Dollar (USD:NAD) 13.5 13.3 14.0 13.5
Botswanan Pula (USD:BWP) 10.1 10.3 9.9 10.5
Zambian Kwacha (USD:ZMW) 9.8 10.0 10.1 10.3
US Dollar Index (DXY) 94.5 95.0 93.7 95.3

macroafricaintel | Africa FX Monthly – Jul 2018

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By Rafiq Raji, PhD
Twitter: @DrRafiqRaji

Click here for PDF version

Currency   1 month

(31 Jul 2018)

 3 month

(28 Sep 2018)

 6 month

(31 Dec 2018)

 12 month

(28 Jun 2019)
South African Rand (USD:ZAR) 13.7 13.3 14.0 14.3
Nigerian Naira (USD:NGN) 360.0 364.0 367.0 366.0
Ghanaian Cedi (USD:GHS) 4.9 4.6 4.4 4.5
Kenyan Shilling (USD:KES) 100.3 100.5 100.1 100.0
Ugandan Shilling (USD:UGX) 3,870.0 3,850.0 3,880.0 3,888.0
Tanzanian Shilling (USD:TZS) 2,271.0 2,270.0 2,273.0 2,275.0
Ethiopian Birr (USD:ETB) 27.5 27.6 27.8 28.0
Mauritian Rupee (USD:MUR) 34.7 34.9 34.3 35.0
Namibian Dollar (USD:NAD) 13.7 13.3 14.0 14.3
Botswanan Pula (USD:BWP) 10.1 10.3 9.9 10.5
Zambian Kwacha (USD:ZMW) 9.8 9.7 9.8 10.1
US Dollar Index (DXY) 94.5 95.0 93.7 95.3