Zambian Kwacha: if you had bought gold, dollars or euros 10 years ago?
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Which one beat inflation?
In everyday units
The same money, counted in minimum wages and Big Macs.
Prices used in this calculation
About the data
BData quality: B · CPI through August 2026 · Sources: IMF, BIS, World Bank, ILO
Notes
- Official data with a known caveat (rebase, dispute or short history).
- CPI series: IMF:ZMB
- Official monthly CPI history starts after 2000.
Sources
- IMF Consumer Price Index (CPI) datasetAttribution: International Monetary Fund, Consumer Price Index (CPI) dataset. License: IMF terms (https://www.imf.org/en/About/copyright-and-terms); commercial reuse: ask [email protected]
- US BLS CPI-U, not seasonally adjusted (CUUR0000SA0)Attribution: U.S. Bureau of Labor Statistics. License: Public domain
- Eurostat HICP, euro area (prc_hicp_minr, prc_hicp_midx)Attribution: Eurostat. License: Eurostat reuse policy (Commission Decision 2011/833/EU)
- Frankfurter v2 exchange rates (multi-provider blend incl. BIS)Attribution: Frankfurter (frankfurter.dev); Bank for International Settlements and central banks. License: Free API; rates under each provider's terms (BIS, ECB, IMF, central banks)
- World Bank Commodity Price Data (The Pink Sheet)Attribution: World Bank Commodity Price Data (The Pink Sheet), CC BY 4.0. License: CC BY 4.0
- ILO, ILOSTAT: statutory monthly minimum wage by currency (DF_EAR_INEE_CUR_NB)Attribution: International Labour Organization, ILOSTAT (CC BY 4.0). License: CC BY 4.0
- Eurostat monthly minimum wages, semi-annual (earn_mw_cur)Attribution: Eurostat. License: Eurostat reuse policy (Commission Decision 2011/833/EU)
- T.C. Çalışma ve Sosyal Güvenlik Bakanlığı: yıllar itibarıyla net ve brüt asgari ücretAttribution: T.C. Çalışma ve Sosyal Güvenlik Bakanlığı. License: Public government table
- BIS residential property price statistics, nominal (WS_SPP)Attribution: Source: BIS residential property price statistics. License: Free with citation; no extra charge to users (https://data.bis.org/help/legal)
- OECD analytical house price indicators, nominal HPIAttribution: OECD Analytical house price indicators (CC BY 4.0). License: CC BY 4.0
- The Economist, Big Mac index (big-mac-data), local priceAttribution: The Economist, big-mac-data (MIT License, © 2018 The Economist Newspaper). License: MIT License
Data generated 2026-10-20 · Sources
Show the math
What ZMW 20,000 would be worth in August 2026
| Bought | gold | silver | US Dollar | Euro | keep as cash |
|---|---|---|---|---|---|
| 1 year ago August 2025 | ZMW 21,312 ×1.00 | ZMW 27,859 ×1.31 | ZMW 16,272 ×0.77 | ZMW 16,212 ×0.76 | ZMW 20,000 ×0.94 |
| 5 years ago August 2021 | ZMW 51,106 ×1.52 | ZMW 56,356 ×1.68 | ZMW 20,681 ×0.62 | ZMW 20,370 ×0.61 | ZMW 20,000 ×0.59 |
| 10 years ago August 2016 | ZMW 123,860 ×2.04 | ZMW 125,551 ×2.07 | ZMW 37,627 ×0.62 | ZMW 38,907 ×0.64 | ZMW 20,000 ×0.33 |
Each cell shows the value in the end month, then the real multiple (adjusted for inflation in Zambian Kwacha; ×1.00 means the same purchasing power). Monthly average prices, no fees or taxes.