FX Consulting - Mozambique

FX Consulting - Mozambique Informações para nos contactar, mapa e direções, formulário para nos contactar, horário de funcionamento, serviços, classificações, fotos, vídeos e anúncios de FX Consulting - Mozambique, Serviço de consultoria de crédito, Maputo.

The consultant has over fifteen years of experience in banking, specifically in foreign trade, foreign exchange, transactional banking, credit and offshore structures.

25/02/2025

O presente documento expressa a posição do Fórum de Monitoria do Orçamento (FMO) sobre a gestão das Finanças Públicas e o Sector Empresarial do Estado (SEE) no novo ciclo de governação em Moçambique. O Fórum reconhece a importância de um sector público financeiramente sólido, eficiente e transparente, capaz de impulsionar o desenvolvimento económico e social do país sem comprometer a sustentabilidade fiscal.

Leia mais: https://bit.ly/3XhfOSi

25/02/2025

O Presidente da Confederação das Associações Económicas (CTA) disse, esta terça-feira, que é preciso que haja garantias antes do início das actividades do sector privado, pois as manifestações continuam. Agostinho Vuma reagia às medidas adoptadas pelo Governo para aliviar a pressão finan...

25/02/2025

India was the country that bought the most from Mozambique in 2024, until September, totalling US$1.166 billion (€1.113 billion), equivalent to 19% of Mozambique's exports. According to data from a report on foreign trade from January to September 2024 by the Bank of Mozambique, to which Lusa had

25/02/2025

Governo propõe prorrogação da isenção de IVA para açúcar, óleo alimentar e sabão.

O Governo pretende submeter à Assembleia da República uma proposta de lei para estender, até 31 de dezembro de 2025, o período de isenção do IVA sobre as transmissões de açúcar, óleos alimentares e sabões.

A medida também abrange matérias-primas, produtos intermediários, peças, equipamentos e componentes utilizados pela indústria nacional de açúcar, bem como os bens resultantes da atividade industrial de produção de óleos alimentares e sabões.

FX Market Intelligence  #233Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statis...
23/02/2023

FX Market Intelligence #233

Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statistics Institute:

*MZN ↔ to the USD*, at 63.23 (YoY ⬇ 0.06%)
*MZN ⬆ 1.42% to the ZAR*, from 3.51 to 3.46 (YoY ⬆ 17.07%)
*MZN ⬆ 0.43% to the EUR*, from 68.19 to 67.90 (YoY ⬆ 5.98%)
*USOIL ⬇ 6.56%*, from 79.01to 73.83 (YoY ⬇ 19.39%)
*Wheat ⬆ 2.26%*, from 74.46 to 76.14 (YoY ⬆ 9.97%)

*USD/MZN* – even though foreign currency reserves have been declining in the last 12 months and import cover ratio reached a 20-year low of 1.9 months in September, *it has recovered since, to 2.1 months in November with US$ 2.763B* and, MZN only lost a 0.06% against the USD in the last 12 months.

*O&G* - oil and gas are trading at *39.70% and 75.15% down since last June and August peaks and down 19.39% and 48.67% in the last 12 months, respectively*. The Energy Regulatory Authority (ARENE) increased fuel prices by almost 20% last July and, there were decreases in the price Liquid Petroleum Gas (LPG) last December and in January, by 6.84% and 5.29%, respectively and, kept the remaining fuel prices unchanged.

*Inflation YoY* - after reaching a 5-year peak of 12.10% in August it has been decreasing since and currently at 9.78%. As part of its mandate to curb inflation, BdM’s Monetary Policy Committee *increased the Monetary Policy Interest Rate (MIMO) by 400bp during 2022*, to 17.25%. As a result, in the same period, Prime interest rate (PLRSF) increased in the same proportion, from 18.60% to 22.60%. And, in the January Monetary Policy Committee, BdM raised banks Metical reserves by 1700bp, to 28.00%. This means that banks will have to hold additional reserves and less liquidity to invest or lend.

*ZAR/MZN* – after reaching an 8-year low last October of 4.42, the pair has been ranging between 3.50-3.70 in the past three months but, it is now trading under 3.50. (Reuters) - The South African rand on Tuesday slipped to its lowest level this year, with investors awaiting the finance minister's budget speech due on Wednesday that is likely to provide cues on the government's policy trajectory.

*January Year-on-year inflation was 9.78%*, see link: https://www.linkedin.com/posts/fxconsulting_a-infla%C3%A7%C3%A3o-hom%C3%B3loga-situou-se-em-978-activity-7034381137799995392-Aecn?utm_source=share&utm_medium=member_desktop

*South African rand slips as investors await budget speech*, see link: https://www.reuters.com/world/africa/south-african-rand-weakens-investors-await-budget-speech-2023-02-21/

FX Market Intelligence  #232Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statis...
16/02/2023

FX Market Intelligence #232

Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statistics Institute:

*MZN ⬆ 0.05% to the USD*, at 63.23 to 63.20 (YoY ⬇ 0.01%)
*MZN ⬆ 0.85% to the ZAR*, from 3.54 to 3.51 (YoY ⬆ 16.29%)
*MZN ⬆ 0.25% to the EUR*, from 68.36 to 68.19 (YoY ⬆ 6.01%)
*USOIL ⬆ 0.73%*, from 78.44 to 79.01 (YoY ⬇ 12.82%)
*Wheat ⬇ 0.3%*, from 74.48 to 74.46 (YoY ⬆ 6.84%)

*USD/MZN* – even though foreign currency reserves have been declining in the last 12 months and import cover ratio reached a 20-year low of 1.9 months in September, *it has recovered since, to 2.1 months in November with US$ 2.763B* and, MZN only lost a 0.01% against the USD in the last 12 months.

*O&G* - oil and gas are trading at *35.49% and 73.83% down since last June and August peaks and down 12.82% and 41.94% in the last 12 months, respectively*. The Energy Regulatory Authority (ARENE) increased fuel prices by almost 20% last July and, there were decreases in the price Liquid Petroleum Gas (LPG) last December and in January, by 6.84% and 5.29%, respectively and, kept the remaining fuel prices unchanged.

*Inflation YoY* - after reaching a 5-year peak of 12.10% in August it has been decreasing since and currently at 10.28%. As part of its mandate to curb inflation, BdM’s Monetary Policy Committee *increased the Monetary Policy Interest Rate (MIMO) by 400bp during 2022*, to 17.25%. As a result, in the same period, Prime interest rate (PLRSF) increased in the same proportion, from 18.60% to 22.60%. And, in the January Monetary Policy Committee, BdM raised banks Metical reserves by 1700bp, to 28.00%. This means that bank will have to hold additional reserves and less liquidity to invest or lend.

*ZAR/MZN* – after reaching an 8-year low last October of 4.42, the pair has been ranging between 3.50-3.70 since. (Reuters) - The South African rand firmed on Tuesday against the U.S. dollar, which fell to a roughly two-week low after data showed U.S. inflation rose at its slowest pace in 16 months.

*Afinal, TotalEnergies “não tem pressa” para reiniciar o GNL*, see link: https://cartamz.com/index.php/politica/item/12947-afinal-totalenergies-nao-tem-pressa-para-reiniciar-o-gnl

*South African rand firms against dollar after U.S. inflation report*, see link: https://www.reuters.com/world/africa/south-african-rand-flat-with-market-focus-us-inflation-report-2023-02-14/

FX Market Intelligence  #231Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statis...
09/02/2023

FX Market Intelligence #231

Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statistics Institute:

*MZN ↔ to the USD*, at 63.23 (YoY ⬇ 0.05%)
*MZN ⬆ 1.67 to the ZAR*, from 3.60 to 3.54 (YoY ⬆ 14.59%)
*MZN ⬆ 1.23% to the EUR*, from 69.21 to 68.36 (YoY ⬆ 6.12%)
*USOIL ⬇ 0.95%*, from 79.19 to 78.44 (YoY ⬇ 12.85%)
*Wheat ⬇ 2.18%*, from 76.14 to 74.48 (YoY ⬆ 6.59%)

*USD/MZN* – even though foreign currency reserves have been declining in the last 12 months and import cover ratio reached a 20-year low of 1.9 months in September, *it has recovered since, to 2.1 months in November with US$ 2.763B* and, MZN only lost a 0.05% against the USD in the last 12 months.

*O&G* - oil and gas are trading at *35.42% and 75.04% down from last June and August peaks and down 12.85% and 39.15% for the last 12 months, respectively*. The Energy Regulatory Authority (ARENE) increased fuel prices by almost 20% last July and, there were decreases in the price Liquid Petroleum Gas (LPG) last December and in January, by 6.84% and 5.29%, respectively and, kept the remaining fuel prices unchanged.

*Inflation YoY* - after reaching a 5-year peak of 12.10% in August it has been decreasing since and currently at 10.91%. As part of its mandate to curb inflation, BdM’s Monetary Policy Committee *increased the Monetary Policy Interest Rate (MIMO) by 400bp during 2022*, to 17.25%. As a result, in the same period, Prime interest rate (PLRSF) increased in the same proportion, from 18.60% to 22.60%.

*ZAR/MZN* – after reaching an 8-year low last October, the pair has been ranging between 3.55-3.70 since. (Reuters) - South Africa's rand weakened on Monday, as the U.S. dollar jumped on expectations that the U.S. Federal Reserve might pursue its inflation-fighting interest rate hikes for longer.

*Mozambique: Importers warn of impact South Africa attacks may have on prices*, see link: https://www.macaubusiness.com/mozambique-importers-warn-of-impact-south-africa-attacks-may-have-on-prices/

*South African rand weakens as U.S. dollar extends gains*, see link: https://www.reuters.com/world/africa/south-african-rand-flat-us-dollar-trades-slightly-lower-2023-02-06/

FX Market Intelligence  #230Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statis...
01/02/2023

FX Market Intelligence #230

Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statistics Institute:

*MZN ⬇ 1.62% to the USD*, from 63.22 to 63.23 (YoY ⬇ 0.06%)
*MZN ⬆ 1.37 to the ZAR*, from 3.65 to 3.60 (YoY ⬆ 12.25%)
*MZN ⬆ 0.30% to the EUR*, from 69.42 to 69.21 (YoY ⬆ 3.57%)
*USOIL ⬇ 1.28%*, from 80.22 to 79.19 (YoY ⬇ 10.37%)
*Wheat ⬇ 0.47%*, from 76.50 to 76.14 (YoY ⬆ 10.01%)

*USD/MZN* – even though foreign currency reserves have been declining in the last 12 months and import cover ratio reached a 20-year low of 1.9 months in September, *it has recovered since, to 2.1 months in November with US$ 2.763B* and, MZN only lost a 0.06% against the USD in the last 12 months.

*O&G* - oil and gas are trading at *34.16% and 71.50% down from last June and August peaks and down 10.37% and 42.04% for the last 12 months, respectively*. The Energy Regulatory Authority (ARENE) increased fuel prices by almost 20% last July and, there were decreases in the price Liquid Petroleum Gas (LPG) last December and last week, by 6.84% and 5.29%, respectively and, kept the remaining fuel prices unchanged.

*Inflation YoY* - after reaching a 5-year peak of 12.10% in August it has been decreasing since and currently at 10.91%. As part of its mandate to curb inflation, BdM’s Monetary Policy Committee *increased the Monetary Policy Interest Rate (MIMO) by 400bp during 2022*, to 17.25%. As a result, in the same period, Prime interest rate (PLRSF) increased in the same proportion, from 18.60% to 22.60%.

*ZAR/MZN* – after reaching a 8-year low last October, the pair has been ranging between 3.55-3.70 since. (Reuters) - The rand's weakness reflects domestic growth concerns due to an ongoing electricity crisis, Investec analyst Annabel Bishop said in a note.

*Mozambique to export 400 tonnes of lychees this year*, see link: https://farmersreviewafrica.com/mozambique-to-export-400-tonnes-of-lychees-this-year/

*South African rand weakens against dollar, stocks down*, see link: https://www.reuters.com/world/africa/south-african-rand-little-changed-against-dollar-2023-01-30/

FX Market Intelligence  #229Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statis...
25/01/2023

FX Market Intelligence #229

Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statistics Institute:

*MZN ↔ to the USD*, at 63.22 (YoY ⬇ 0.03%)
*MZN ↔ to the ZAR*, at 3.65 (YoY ⬆ 11.86%)
*MZN ⬇ 1.00% to the EUR*, from 68.73 to 69.42 (YoY ⬆ 3.72%)
*USOIL ⬆ 2.60%*, from 78.19 to 80.22 (YoY ⬇ 5.83%)
*Wheat ⬇ 0.83%*, from 77.14 to 76.50 (YoY ⬆ 16.25%)

*USD/MZN* – even though foreign currency reserves have been declining in the past 12 months and import cover ratio reached a 20-year low of 1.9 months in September, *it has recovered since, to 2.1 months in November with US$ 2.763B* and, MZN only lost a 0.03% against the USD in the past 12 months.

*Oil* - it is trading *34.49% down from last June’s peak of US$ 122.43 and down 5.83% in the past 12 months*. The Energy Regulatory Authority (ARENE) increased fuel prices by almost 20% last July and, there were decreases in the price Liquid Petroleum Gas (LPG) last December and last week, by 6.84% and 5.29%, respectively and, kept the remaining fuel prices unchanged.

*Inflation YoY* - after reaching a 5-year peak of 12.10% in August it has been decreasing since and currently at 10.91%. As part of its mandate to curb inflation, BdM’s Monetary Policy Committee *increased the Monetary Policy Interest Rate (MIMO) by 400bp during 2022*, to 17.25%. As a result, in the same period, Prime interest rate (PLRSF) increased in the same proportion, from 18.60% to 22.60%.

*ZAR/MZN* – after reaching a 8-year low last October, the pair has been on upward trend for the since. (Reuters) - The South African rand slipped on Monday as the U.S. dollar edged up on global markets, with investor attention this week pinned on the South African Reserve Bank's first interest rate decision of the year.

*Key African Economies to Slow Rate Hikes With Inflation Peaking*, see link: https://www.bloomberg.com/news/articles/2023-01-20/key-african-economies-to-slow-rate-hikes-with-inflation-peaking

*South African rand slips; eyes on Reserve Bank this week*, see link: https://www.reuters.com/world/africa/south-african-rand-slides-state-utility-extends-power-cuts-2023-01-23/

FX Market Intelligence  #228Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statis...
19/01/2023

FX Market Intelligence #228

Over the past week, according to Trading View, BdM (Banco de Moçambique) and National Statistics Institute:

*MZN ↔ to the USD*, at 63.22 (YoY ⬇ 0.04%)
*MZN ⬆ 1.62% to the ZAR*, from 3.71 to 3.65 (YoY ⬆ 11.05%)
*MZN ⬇ 0.51% to the EUR*, from 68.38 to 68.73 (YoY ⬆ 5.72%)
*USOIL ⬆ 5.00%*, from 74.47 to 78.19 (YoY ⬇ 1.30%)
*Wheat ⬇ 3.36%*, from 79.82 to 77.14 (YoY ⬆ 14.79%)

*USD/MZN* – even though foreign currency reserves have been declining in the past 12 months and import cover ratio reached a 20-year low of 1.9 months in September, *it has recovered since, to 2.1 months in November with US$ 2.763B* and, MZN only lost a 0.03% against the USD in the past 12 months.

*Oil* - it is trading at *34.99% down from last June’s peak of 122.43 and down 0.89% in the past 12 months*. In July, the Energy Regulatory Authority (ARENE) increased fuel prices by almost 20% and, in December, there was a decreased in the price Liquid Petroleum Gas (LPG) by 6.84% and kept the remaining fuel prices unchanged.

*Inflation YoY* - after reaching a 5-year peak of 12.10% in August it has been decreasing since and currently at 10.91%. As part of its mandate to curb inflation, BdM’s Monetary Policy Committee *increased the Monetary Policy Interest Rate (MIMO) by 400bp during 2022*, to 17.25%. As a result, in the same period, Prime interest rate (PLRSF) increased in the same proportion, from 18.60% to 22.60%.

*ZAR/MZN* – after reaching a 8-year low last October, the pair has been on downward trend for the past 2 years until last November, where it turned and has been trending upwards since. (Reuters) - The struggling state power utility last week ramped up power cuts to their worst-ever level, meaning most South Africans are without power for at least six hours a day and often more.

*Accumulated inflation stood at 10.91%*, see link: https://www.linkedin.com/feed/update/urn:li:activity:7021709143241580545

*South African rand slumps as power crisis takes centre stage*, see link: https://www.tradingview.com/news/reuters.com,2023:newsml_L1N3410HV:0-south-african-rand-slumps-as-power-crisis-takes-centre-stage/

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