Americans who live in Angola and Angolans who live in the United States often end up making cross-border money transfers to their home countries. An important aspect that affects the cost of these transfers is the prevailing USD/AOA exchange rate.
The U.S. and Angola have trade relations too. While the economy of Angola depends significantly on its oil exports, the U.S. exports aircraft, machinery, iron and steel products, as well as poultry products to Angola. In 2017, bilateral trade of goods between both countries accounted for around U.S. $3.41 billion.
- User Rating
- Transfer Type
- Regular Payments
- Mobile App
- Min Transfer Amount
- Two Transfers Fee Free
- 1 - 3 Days
- $250 / £100 / €250
The United States adopted the dollar as its official currency in 1792. Now, official use of the U.S. dollar is also prevalent in Ecuador, El Salvador, the Federated States of Micronesia, Turks and Caicos Islands, two British Overseas Territories, the British Virgin Islands, and the Caribbean. Some of the places where it is used unofficially include Panama, Belize, Liberia, Myanmar, and Cambodia.
In April 2016, the global foreign exchange market turnover share of the U.S. dollar was 87.6%. It remains the world’s most commonly traded currency and is also on the top spot in the basket of reserve currencies.
|Nicknames||Buck, moolah, paper, dough, dead presidents, |
bones, greenback, green
|Bank notes||$1, $2, $5, $10, $20, $50, $100|
|Coins||1c, 5c, 10c, 25c, 50c, $1|
Angola introduced the first kwanza (AOK) in 1977, after gaining independence from Portugal. Since its introduction, the country has seen four variants of the kwanza. Novo kwanza (AON) replaced the first kwanza in September 1990. Kwanza reajustado (AOR) came into being in July 1995. The second kwanza (AOA) was introduced in December 1999, and continues to remain in circulation.
The second kwanza replaced the kwanza reajustado at a rate of 1,000,000 to 1, which made reintroduction of coins possible. However, considerable devaluation of the currency since then has made the use of coins near obsolete.
|Bank notes||Kz 10, Kz 50, Kz 100, Kz 200, Kz 500, |
Kz 1,000, Kz 2,000, Kz 5,000
|Coins||10, 50 centimos,Kz 1, Kz 2, Kz 5, Kz |
10, Kz 20, Kz 50, Kz 100
U.S. Dollar / Angolan Kwanza Historical Rates
Since the introduction of the second kwanza in 1999, the value of the currency has devalued significantly against the U.S. dollar. The country is still trying to recover from the effects of nearly three decades of civil war that it experienced after gaining independence.
From trading at around AOA 5.57 against the U.S. dollar in December 1999, the kwanza was trading at over AOA 87 by mid 2003. From then, until the late 2014, it experienced a period of relative stability, with its value remaining below AOA 100 against the U.S. dollar.
The value of the Angolan kwanza dropped significantly from toward the end of 2014 to early 2016, mainly because of falling oil prices. In January 2016, the kwanza traded at over AOA 155 against the U.S. dollar. The value of the kwanza was then pegged to the U.S. dollar, at AOA 166 = U.S. $1. This peg remained in place until January 2018.
After the National Bank of Angola decided to do away with the peg, the value of the kwanza has continued to fall at a rapid pace. It traded at over AOA 200 against the U.S. dollar soon after, and crossed the AOA 250 mark by mid 2018. In September 2018, the kwanza was trading at around AOA 295 against the U.S. dollar.
USD/AOA in the last five years
|U.S. $1 =|
|1 July, 2013||AOA 95.950|
|1 July, 2014||AOA 97.020|
|1 July, 2015||AOA 126.000|
|1 July, 2016||AOA 165.738|
|1 July, 2017||AOA 165.900|
USD/AOA in the last five months
|U.S. $1 =|
|1 April, 2018||AOA 226.360|
|1 May, 2018||AOA 239.500|
|1 June, 2018||AOA 249.647|
|1 July, 2018||AOA 257.370|
|1 August, 2018||AOA 276.687|
What Affects USD/AOA Rates?
Angola was the 14th largest producer of oil in the world in 2016. The dependence of the country’s economy on oil exports and any volatility in oil prices tend to have an effect on the USD/AOA currency pair.
Some of the other factors that typically have a bearing on the USD/AOA exchange rate include Angola’s increasing international debt as well as the country’s rising inflation levels. While there is indication of Angola devaluing the kwanza again, there is no telling when thing might happen.
If you wish to transfer money from Angola to the U.S. or in the opposite direction, take some time to compare USD/AOA exchange rates offered by different service providers. Bear in mind, though, that any applicable fees will also have an effect on the cost of your transfer.