The USD/ZMW exchange rate was unchanged at 18.9300 on May 21, 2026. Over the past month, the Zambian Kwacha has strengthened 0.79%, and is up by 30.60% over the last 12 months. Historically, the USDZMW reached an all time high of 29.10 in March of 2025.

The Zambian Kwacha is expected to trade at 18.85 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 17.83 in 12 months time.



Crosses Price Day Year Date
USDZMW 18.9300 0 0% -30.60% May/21
 Currencies
 ZMW...
 ...ZMW



Related Last Previous Unit Reference
United States Inflation Rate 3.80 3.30 percent Apr 2026
Zambia Inflation Rate 6.80 7.10 percent Apr 2026
Zambia Interest Rate 13.25 13.50 percent May 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Apr 2026
United States Unemployment Rate 4.30 4.30 percent Apr 2026
Zambia Unemployment Rate 12.90 12.00 percent Dec 2024

Zambian Kwacha
The USDZMK spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDZMK spot exchange rate is quoted and exchanged in the same day, the USDZMK forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
18.93 18.93 29.10 5.30 1992 - 2026 Daily

News Stream
Zambia Kwacha Hits 30-month High
The Zambia Kwacha touched 18.58 against the USD, the highest since July 2023. Over the past 4 weeks, Zambia Kwacha lost 6.38%, and in the last 12 months, it decreased 30.66%.
2026-02-05
Zambia Kwacha Hits 27-month High
The Zambia Kwacha touched 21.22 against the USD, the highest since October 2023. Over the past 4 weeks, Zambia Kwacha lost 5.23%, and in the last 12 months, it decreased 21.02%.
2026-01-05
Zambia Kwacha Hits 23-month High
The Zambia Kwacha touched 22.04 against the USD, the highest since November 2023. Over the past 4 weeks, Zambia Kwacha lost 7.44%, and in the last 12 months, it decreased 16.79%.
2025-10-27