My thoughts on USDZMW
Currently, the Zambian kwacha is facing several challenges that are impacting its value in the foreign exchange market. One of the main factors is the high inflation rate, which has been driven by a surge in food and fuel prices. In addition, the country's external debt has been on the rise, and this has led to a decline in investor confidence. These factors, combined with a slowdown in economic growth, have put pressure on the Kwacha's exchange rate. While it's difficult to predict the future movements of the currency, my technical view is that it could take another year before the Kwacha drops below K15 due to the technical factors at play.
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