ZMK (Zambian Kwacha)

Filed Under » Currency

	Definition of 'ZMK (Zambian Kwacha)' The currency abbreviation for the Zambian kwacha (ZMK), the currency for Zambia. The Zambian kwacha is made up of 100 ngwee and is often presented with the symbol ZK. The name kwacha is based on the word "dawn" in the Nyanja language.
	Investopedia explains 'ZMK (Zambian Kwacha)' Until 1968, the British pound was the currency of Zambia, after which the kwacha replaced the pound at a rate of 2 kwacha to 1 pound. At this time, the kwacha was equal to US$1.20, but rampant inflation since that time has significantly devalued the currency.

Related Definitions

Currency Exchange: Floating Rate Vs. Fixed Rate

Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
Forex: World's Biggest Market A Relative Newcomer

Unlike the stock markets, the forex market is a truly new market. We’ll take a brief look at its origins and how it works today.
What's the relationship between a country's currency and the strength of its economy?
A Primer On The Forex Market

Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
6 Factors That Influence Exchange Rates

Find out how a currency's relative value reflects a country's economic health and impacts your investment returns.
Dollarization Explained

Find out how fledgling economies can find some stability in their currency and attract foreign investment.
Trade Forex With FXTrader

Open up the big bad world of forex trading by virtually trading 10 of the most popular currency pairs on our NEW forex trading simulator.
An Introduction To Complementary Currencies

There are alternatives to national currencies. Discover complementary currencies and how they work.

Why Americans Think Bush Is To Blame For The Economy	The Complete Guide To Calculating Your Net Worth		Top Investment Trends For 2013	5 Viable Career Options In 2013
	How Do Internet Browsers Make Money?	Commodities Of The Future	Trending Stocks And The January Effect