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Zambian kwacha (ZMW) exchange rate today — official vs market

Zambia · Zambian kwacha (ZMW). Official rate as of 28 Sep 2026 · Market data fetched 28 Sep 2026, 22:35 UTC. All rates = units of local currency per 1 US dollar.

Official (per $1)19.495official · BoZ
Market (per $1)20.15parallel · Binance P2P
Premium vs official+3.36%Market vs official (positive = market weaker)
Coveragelive
Central bank policy rate13.25%Monetary Policy Rate · Bank of Zambia · effective 2026-05-12 · source

Premium history

-0.40%0.00%1.7%3.7%Aug 31Sep 14Sep 282026-08-31: +1.66%2026-09-02: +1.47%2026-09-03: +0.96%2026-09-04: +0.67%2026-09-07: +1.09%2026-09-08: +0.96%2026-09-09: +1.08%2026-09-10: +1.55%2026-09-11: +1.73%2026-09-14: +1.79%2026-09-15: +1.20%2026-09-16: +1.89%2026-09-17: +1.61%2026-09-18: +1.16%2026-09-21: +2.46%2026-09-22: +1.92%2026-09-23: +2.35%2026-09-24: +1.67%2026-09-25: +2.37%2026-09-28: +3.31%

20 observed days · Aug 31 – Sep 28 · no interpolation

  • 7-day change+0.85 pp
  • Min / max (observed range)0.67% / 3.3%
  • Volatility (std dev of daily premium)0.63%
  • Continent rank15th widest of 54

Context

The Zambian kwacha currently trades at a premium of +3.36% — the 15th widest gap of the 54 African currencies we track. That places it in the friction band (2–10%), where spreads often reflect liquidity, fees, or access costs rather than acute scarcity.

Related coverage

← All 54 currenciesCentral bank policy ratesHow we measure