| Time series key
|
BBEX3.A.AOA.EUR.CA.AB.A04 |
| Unit
|
AOA |
| Dimension
|
one |
| Timespan
|
from
1999 to
2019 |
| Last update
|
20.09.2023 12:47:27 PM |
| |
|
| Methodology
|
Calculated on the basis of month-end rates; to calculate the annual average for 1999, the exchange rates set in readjusted kwanza were converted at a rate of 1,000,000:1 and included in the calculation. |
| Source
|
Banco Nacional de Angola, Luanda. |
| |
|
| Comment on
2019 |
In October, the kwanza was devalued substantially after exchange rate arrangements were loosened further. Calculated using the exchange rates from the end of September and the end of October 2019, the kwanza depreciated by 25.5% against the euro. |
| Comment on
2018 |
On 4 January 2018, the Banco Nacional de Angola decided to adopt a more flexible exchange rate regime. Subsequently, the Angolan kwanza has undergone several stages of devaluation. Calculated using the exchange rates at end-December 2017 and at end-January 2018, the Angolan kwanza experienced a devaluation of 28.1% against the euro (on average). |
| Comment on
2016 |
With effect from 4 January 2016, the exchange rates were adjusted more sharply. We recorded the following exchange rates (buying rate/selling rate) for this date: EUR 1 = AOA 168.835 / 170.492 On the basis of the exchange rates at the end of December 2015 and the above-mentioned rates, the kwanza experienced a devaluation of 12.9% against the euro. |
| Comment on
1999 |
On 24 Mai 1999, the readjusted kwanza was devalued. We recorded the following exchange rates (buying/selling rate): 21 May 1999: EUR 1 = AOR 734,580.00 / 742,350.00 24 May 1999: EUR 1 = AOR 1,903,320.00 / 2,116,000.00 Calculated devaluation: 63.3% (on average). |
