definitively determine whether the recent weakening of the Zambian kwacha against the US dollar represents the final stop or if further depreciation is possible. Exchange rates can be influenced by a wide range of factors, including economic indicators, geopolitical events, market sentiment, and central bank policies.
The fact that there has been a recent drop in the exchange rate from 1 USD to 27.18 ZMW to 1 USD to 26.90 ZMW suggests some volatility in the currency pair. The expectation of a bearish correction for the Zambian kwacha, potentially returning to a support level around 1 USD to 22.63 ZMW in the coming months , could be based on various fundamental or technical analyses.