| Who says there's no such thing as miracles from Heaven? Six months ago, Zambia appealed to a higher power to intervene in lifting its flailing currency, the kwacha. Now, the unit has seen a head-spinning reversal of its fortunes, becoming one of the world's best performing currencies.
Over the last six weeks, the kwacha has become the top performing frontier currency, soaring by nearly 23 percent, according to data from Rhombus Advisors, an emerging markets advisory firm. Whether divine intervention is the proximate cause, the kwacha's recovery has surprised some of even the most jaded observers of the fast-moving foreign exchange market, which sees $5.3 trillion in average daily turnover...............................................Full Article: Source
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