Exploring Exchange Rates: 1000 Usd In Angola

The Angolan kwanza is the official currency of Angola. As of August 2024, 1 US dollar is worth approximately 0.0011-0.0012 Angolan kwanzas. This means that 1,000 US dollars are worth approximately 878,070-919,355 Angolan kwanzas.

1000 USD = 878,070.77 AOA

As of August 11, 2024, 1000 US dollars (USD) are worth 878,070.77 Angolan kwanzas (AOA). This exchange rate is based on the mid-market rate, which is the rate you would see on financial news and data services. However, when you actually go to make an exchange, you won't receive this rate due to various costs and markups.

To understand this conversion rate of 1000 USD to AOA, it's important to know that the USD is typically the stronger currency in this pair. This means that it will generally take a larger number of AOA to equal 1 USD. The AOA is the currency used in Angola, while the USD is used in the United States, East Timor, Puerto Rico, and Equador.

The actual amount you would receive when exchanging currencies will likely be lower than the mid-market rate due to various factors. These can include transaction fees, the amount being exchanged, and the spread or markup added by the money transfer service or financial institution. Online currency converters and money transfer services often provide the mid-market rate and their conversion rates for informational purposes.

It's always a good idea to compare exchange rates and fees across different providers to ensure you're getting the best value for your money. Additionally, exchange rates fluctuate over time, so checking the current rate before making a transaction is important. As of July 8, 2024, for example, a different source reported a rate of 1000 USD to 867,695.45 AOA.

1 AOA = 0.00113886 USD

The Angolan kwanza (AOA) is the currency of Angola. As of August 11, 2024, 1 AOA is equivalent to 0.00113886 USD. This means that 1000 USD is worth 878,070.77 AOA according to the mid-market rate.

The mid-market rate is the midpoint between the buy and sell rates for a currency at any given time. It is considered the most accurate rate for exchanging currencies and is often used by banks and other financial institutions.

The exchange rate between the AOA and USD has been fluctuating. As of May 27, 2024, 1000 USD was worth 819,166,821,815,640 AOA. This significant variation in value highlights the dynamic nature of currency exchange rates, which are influenced by various economic and geopolitical factors.

When converting currencies, it is important to be aware of the potential fees and markups that banks and traditional providers may charge. These additional costs can impact the final amount received after the conversion. Utilizing services that offer the mid-market rate can help individuals obtain a more favourable exchange rate and avoid unnecessary expenses.

AOA/USD mid-market rate

As of August 11, 2024, 1,000 USD is worth 878,070.77 Angolan kwanzas. This is based on a mid-market rate of 1 USD to 878.07077 AOA, or 1 AOA to 0.00113886 USD.

The mid-market rate is the midpoint between the buy and sell rates for a currency pair at any given time, and it is considered the fairest exchange rate available. It is typically used by financial institutions and central banks, and it is also known as the interbank rate.

While the mid-market rate provides an accurate representation of the value of a currency, it is important to note that this rate is not typically available to consumers when exchanging currency. Financial institutions will often add a markup to the mid-market rate to ensure they profit from the exchange. Additionally, the exchange rate offered by different providers may vary due to factors such as supply and demand, and the volume of currency being exchanged.

When exchanging a large amount of currency, such as 1,000 USD, it is essential to consider the impact of the exchange rate on the final amount received. Even small fluctuations in the rate can result in a significant difference in value. Therefore, it is advisable to compare rates offered by different providers and stay updated with the latest mid-market rate to make an informed decision.

AOA-USD conversion rate history

The kwanza (ISO 4217 code: AOA) is the currency of Angola. Four different currencies using the name kwanza have circulated since 1977. The kwanza replaced the Angolan escudo at par in 1977, with 1 kwanza equalling 100 lwei. The kwanza was introduced following Angola's independence and its name is derived from the Kwanza River.

The first kwanza (AOK) was in circulation from 1977 to 1990 and had a stable exchange rate of 29.918 kwanzas to the US dollar. In 1990, the novo kwanza (AON) was introduced and replaced the kwanza at par. However, Angolans could only exchange 5% of their old notes for new ones, exchanging the rest for government securities. This currency suffered from high inflation.

In 1995, the kwanza reajustado (AOR) replaced the novo kwanza at a rate of 1,000 to 1. The inflation continued, and no coins were issued during this period. In 1999, a second currency simply called the kwanza (AOA) was introduced, replacing the kwanza reajustado at a rate of 1,000,000 to 1. This currency is subdivided into 100 cêntimos.

The AOA initially suffered from high inflation but stabilised until 2016 when it started devaluing again. Between May and June 2023, the currency devalued by nearly 40% against the US dollar, reaching a record low of 825 kwanzas to the US dollar.

As of August 19, 2024, the exchange rate for the US dollar to Angolan kwanza is 899.014, reflecting a -0.253% change since the previous day. The highest exchange rate in the last six months was on August 17, 2024, when 1 US dollar was worth 901.2960 Angolan kwanzas. The lowest exchange rate in the last six months was on February 19, 2024, with 1 US dollar equalling 835.3040 Angolan kwanzas.

AOA-USD currency pair popularity

The Angolan kwanza is the currency of Angola, with the currency code AOA and the symbol Kz. Four different currencies using the name kwanza have circulated in Angola since 1977, deriving its name from the Kwanza River.

The US dollar (USD), on the other hand, is the official currency of the United States and several other countries. The US dollar is also an important international reserve currency, becoming one after the First World War and displacing the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War.

The AOA-USD currency pair is not as popular as other currency pairs involving the US dollar. According to Xe Currency Data API, the most popular Angolan Kwanza exchange rate is the AOA to USD rate. This suggests that the AOA-USD currency pair is relatively less popular compared to other USD pairs.

The popularity of a currency pair can be influenced by various factors, including economic and trade relationships between the countries, as well as the stability and liquidity of the currencies involved. The USD is a widely accepted and stable currency, which may contribute to its higher popularity in currency pairs compared to the AOA.

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