exchange rate

homeownership in Zambia

Buying vs. Building a Home in Zambia: Pros and Cons

When it comes to homeownership in Zambia, one of the key decisions to make is whether to buy an existing property or embark on the journey of building a new home. Although building is often the default route taken by most potential homeowners currently, both options have their advantages and considerations that you should carefully evaluate. Let’s explore some of the pros and cons of buying versus...

What is an Exchange Rate and What Does It Mean?

What is an Exchange Rate and What Does It Mean? The exchange rate is defined as “the value of one nation's currency versus the currency of another nation or economic zone.” For example, the value of US $1 is the equivalent of K13.29* (Zambian Kwacha). Exchange rates change day to day, and for anyone traveling or working abroad, the exchange rate can have significant impact on your living expenses and...

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