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Exchange rate
United States dollar to Zambian kwacha, at an indicative mid-market reference rate.
Recorded against USD
Mid-market reference rate
Since tracking began
| USD | ZMW | ZMW | USD |
|---|---|---|---|
| $1.00 | ZMW 20.32 | ZMW 1.00 | $0.05 |
| $5.00 | ZMW 101.61 | ZMW 5.00 | $0.25 |
| $10.00 | ZMW 203.23 | ZMW 10.00 | $0.49 |
| $25.00 |
19.4167 on 21 Sept 2026 → 20.3246 on 7 Nov 2026, +4.68%
Only rates this site has observed. It is not a complete market history, and a period with no entry means no change was recorded, not that the rate held steady.
The figure above is a mid-market reference rate: the midpoint between buying and selling, and the rate almost nobody is actually offered. A bank, wallet or remittance service adds a margin to it, and usually charges a fee on top. The margin is frequently the larger of the two and is rarely stated as a number.
UnifyPay tracks the published fees on each rail, not each provider’s FX margin, so this page cannot tell you which service gives the best rate. What it can tell you is what the transfer itself costs.
1 USD is 20.3226 ZMW, and 1 ZMW is 0.049206 USD, at the mid-market reference rate last refreshed on 8 Nov 2026.
Usually not. Banks, card issuers and transfer services add a margin to the mid-market rate and often charge a fee as well. The exchange-rate markup calculator shows how much of a quote is margin.
USD/ZMW is recorded directly against the US dollar. Indicative only, not a dealable quote, and not financial advice.
| ZMW 508.07 |
| ZMW 25.00 |
| $1.23 |
| $50.00 | ZMW 1,016.13 | ZMW 50.00 | $2.46 |
| $100.00 | ZMW 2,032.26 | ZMW 100.00 | $4.92 |
| $500.00 | ZMW 10,161.31 | ZMW 500.00 | $24.60 |
| $1,000.00 | ZMW 20,322.63 | ZMW 1,000.00 | $49.21 |
| $5,000.00 | ZMW 101,613.14 | ZMW 5,000.00 | $246.03 |
| $10,000.00 | ZMW 203,226.29 | ZMW 10,000.00 | $492.06 |
Take the ZMW amount you would receive, divide it by the USD amount converted, and compare the result with this rate. The gap is the margin; add any stated fee to get the total cost.
