Nigeria's naira is expected to hold steady next week after the central bank enforced new disclosure measures on forex purchases. Falling government debt yields are likely to keep Kenya's shilling under pressure.
"Going into next week, we could see some (dollar) demand coming in (from manufacturers), and as long as Treasury bill rates keep falling, we should see the shilling come under some pressure," a senior trader at one commercial bank said.
"The depreciation of the kwacha had taken place in very illiquid market conditions. So it would not take much in the way of supply - either from the BoZ, or other sources - to trigger this reversal," Standard Chartered Bank Africa chief economist Razia Khan said.
A trader from a leading commercial bank said a central bank repurchase agreement offer on Thursday would possibly "smoothen out the volatility of recent days and stabilise the shilling in the coming week."