1000 Zmk to Usd: A Comprehensive Guide to Currency Exchange

A heartfelt moment between mother and daughter during a traditional Zambian wedding ceremony.
Credit: pexels.com, A heartfelt moment between mother and daughter during a traditional Zambian wedding ceremony.

The Zambian kwacha, or ZMK, is a widely used currency in Zambia, but if you're traveling or doing business in the US, you'll need to know how to convert it to USD.

The exchange rate for 1000 ZMK to USD can vary depending on the current market rate, but as of our last update, it's around 0.06 USD.

If you're planning a trip to Zambia, it's a good idea to have some local currency on hand, but you can also exchange your money at a bank or currency exchange office upon arrival.

To get the most accurate exchange rate, you can check the current rate online or use a currency converter app.

Conversion Rates

The conversion rate between the Zambian Kwacha (ZMK) and the United States Dollar (USD) is quite interesting.

The current exchange rate is 1 ZMW to USD is approximately 0.03570 USD, as of February 2, 2025 04:00 AM UTC.

You can use a free currency converter to get the actual rates for conversion. The exchange rates of Zambian Kwacha and United States Dollar were updated on 2025-02-02.

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Credit: youtube.com, 1 USD to ZMW - Convert US Dollars to Zambian Kwacha Currency Exchange Rates Today 04 September 2024

Here's a breakdown of the conversion rates for different amounts of ZMK to USD:

Please note that these rates are subject to change and may not reflect the current market rates.

Over the last 30 days, the ZMW to USD exchange rate reached a high of 0.0361 and a low of 0.0355, with an average rate of 0.0358. The overall change in this period was -0.32%.

Currency Information

The Zambian Kwacha has a long history of decline against the US Dollar, with a 10-year decrease of -60.63%. This has resulted in a significant loss of purchasing power compared to the US Dollar over the last decade.

The current exchange rate for 1000 ZMW is 35.7 USD, as shown in the conversion rates table. This rate is based on the current market value of the Zambian Kwacha against the US Dollar.

Here is a breakdown of the exchange rates for different amounts of ZMW:

Keep in mind that exchange rates can fluctuate, and it's always a good idea to check the current rate before making any transactions.

US Currency Rates Today

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The US dollar is a widely traded currency, and its value can fluctuate against other currencies, including the Zambian kwacha. As of February 2, 2025, the best ZMW to USD exchange rate is 0.03570 USD.

You can find the current exchange rates for ZMW to USD on various websites, but it's always a good idea to check multiple sources to get an accurate picture. The exchange rate can vary depending on the time of day, market conditions, and other factors.

The average exchange rate for 1,000 ZMW to USD is 35.700 USD, according to recent data. This means that if you exchange 1,000 Zambian kwacha, you'll receive approximately 35.70 US dollars.

Here's a breakdown of the exchange rates for different amounts of ZMW to USD:

Keep in mind that these exchange rates are subject to change and may not reflect the current market rate.

Currency vs Dollar

The Zambian Kwacha has taken a hit against the US Dollar, decreasing by -0.75% year-to-date. This decline in value is a stark reminder that currency fluctuations can have a significant impact on our purchasing power.

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Over the past decade, the Zambian Kwacha has lost a substantial -60.63% of its value against the US Dollar. This means that the same amount of Kwacha can buy significantly less in the US compared to 10 years ago.

The Zambian Kwacha's decline has resulted in a loss of purchasing power compared to the US Dollar. This is a concern for anyone who regularly exchanges currency or travels between the two countries.

Historical Data

The Zambian Kwacha has experienced fluctuations in its value against the US Dollar over the past year. The highest exchange rate in the last year was 0.04400 US Dollars per Zambian Kwacha on February 20, 2024.

The lowest exchange rate in the last year was 0.03560 US Dollars per Zambian Kwacha on January 7, 2025. This indicates a significant decrease in the value of the Zambian Kwacha against the US Dollar.

Here's a breakdown of the exchange rate over the last 30 and 90 days:

In the past 30 days, the ZMW to USD exchange rate reached a high of 0.03632 and a low of 0.03560, with an average rate of 0.03593. The overall change in this period was -0.58%. Over the last 90 days, the ZMW to USD exchange rate peaked at 0.03725 and dipped to a low of 0.03560, averaging 0.03629. The total change for this period was -4.01%.

Credit: youtube.com, Why $1 will equal to ZMW 22 or more - USD/ZMW FOREX TECHNICAL ANALYSIS

Over the past 30 days, the 1 ZMW to USD exchange rate has been relatively stable, with a high of 0.0361 and a low of 0.0355. This suggests that the market has been experiencing some minor fluctuations.

The average exchange rate over the past 30 days is 0.0358, which indicates a slight decrease in value. This is reflected in the -0.32% change over the same period.

Looking at the bigger picture, the 1 ZMW to USD exchange rate has been trending downward over the past 90 days, with a high of 0.0372 and a low of 0.0355. This represents a -4.18% change, which is a more significant decline than what we've seen over the past 30 days.

Here's a summary of the exchange rate trends:

Year-over-Year Direction

The Zambian Kwacha, or ZMW, has been a bit of a rollercoaster ride in the last year. The ZMW/USD rate is down -3.36% compared to the US Dollar.

Credit: youtube.com, accurate trend analysis market direction December 15, 2022

This decline in value is a significant change, and it's essential to keep an eye on the market trends. The high and low rates for the last 30 days are 0.0361 and 0.0355 USD, respectively.

Here's a summary of the year-over-year direction in a table:

If you're looking at the 1000 ZMW to USD conversion, you'll see that the exchange rate has been relatively stable over the past 10 days.

When Is the Best Time?

The best time to convert currencies like ZMW to USD depends on market conditions. The ZMW and USD can be traded 24x5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York.

You'll want to consider the time of day, too. The period between 3-4 PM GMT is often a good time to convert Zambian Kwachas to US Dollars because currency market liquidity and trading volume tend to be the highest during this time.

If you need USD urgently, it's advisable to convert Zambian Kwachas to US Dollars early in the week. This will ensure a timely settlement, as executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends.

Worth a look: Market Currency Rates

Detailed view of South African Krugerrand gold coins for investment and currency exchange.
Credit: pexels.com, Detailed view of South African Krugerrand gold coins for investment and currency exchange.

As we explore the world of currencies, it's essential to understand which pairs are most popular among traders and investors. The Zambian Kwacha, or ZMW, is no exception.

One of the most traded pairs is the Zambian Kwacha against the United States Dollar, with an exchange rate of 0.03570 USD as of February 2, 2025. This is a significant pairing due to the US Dollar's status as a global reserve currency.

Another popular pairing is the Zambian Kwacha against the Euro, with an exchange rate of 34.45 EUR for 1000 ZMW. This is a crucial pairing for European traders and investors who have a significant presence in the African market.

If you're looking to invest in the Zambian Kwacha, you may also want to consider the following popular pairings:

  • Zambian Kwacha / British Pound (28.81 GBP for 1000 ZMW)
  • Zambian Kwacha / Japanese Yen (5540.39 JPY for 1000 ZMW)
  • Zambian Kwacha / Australian Dollar (57.34 AUD for 1000 ZMW)
  • Zambian Kwacha / Canadian Dollar (51.92 CAD for 1000 ZMW)
  • Zambian Kwacha / Swiss Franc (32.54 CHF for 1000 ZMW)

Nellie Hodkiewicz-Gorczany

Senior Assigning Editor

Nellie Hodkiewicz-Gorczany is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With a strong background in research and content curation, Nellie has developed a unique ability to identify and assign compelling articles that capture the attention of readers. Throughout her career, Nellie has covered a wide range of topics, including the latest trends and developments in the financial services industry.

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