Home BUSINESS List of African Currencies from strongest to weakest against US dollar

List of African Currencies from strongest to weakest against US dollar

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Currency is the name of money used in a country. Every country in the world has its unique currency that is accepted as the mode of payment within that territory except when it comes to US dollar which is used as a standard measure and can be accepted almost in every country as means of payment.

 

 

 

 

 

 

 

 

 

 

 

 

 

Why US Dollar us used as Standard measure of currency?

The United States Dollar is the widely used mode of payments in global trade and it accounts for over 90% of stock in the global foreign exchange market. It is quite stable as the country faces few challenges that can weaken the dollar strength.

 

 

 

 

 

 

 

 

 

There are things to note when it comes to currencies.

  • The figures keep changing daily depending on several economical factors
  • The name of two currencies can be the same but the currencies are not equal in value or similar in appearance, for instance, a Kenyan shilling is not same in value or appearance to Ugandan shilling.

 

 

 

 

 

 

 

 

 

 

Rank  Country                   Currency            Exchange rate/USD

1.      Tunisia                    Dinar.                    3.04

2.      Libya                        Dinar.                    4.77

3.      Morocca                 Dirham.                9.79

4.      Ghanaia                  Cedi                      11.28

5.       Botswana              Pula                       13.06

6.       Seychelles             Rupee                    14.09

7.        Eritrea                   Nakfa                     15.00

8. Namibia                       Dollar                     17.56

9. South Africa                Rand                      17.59

10. Eswatini                    Lilangeni               17.62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11. Lesotho                    Loti                         17.97

12. Zambia                    Kwacha                  19.33

13. Egypt                       Pound                     30.90

14. Mauritania             Ouguiya                  37.95

15. Mauritia                 Rupee                     45.59

16. Ethiopia                 Birr                         55.09

17. Gambia                 Dalasi                    59.60

18. Mozambique       Metical                 63.25

19. Cape Verde         Escudo.                99.85

20. South Sudan       Pound                  130.26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21. Algeria                 Dinar.                    135.09

22. Kenya                  Shilling                  142.15

23. Djibouti              Franc.                      178.09

24. Liberia               Dollar                       184.75

25. Zimbabwe         Dollar                      361.90

26. Comoros           Franc                       445.25

27. Somalia           Shilling                     570.77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From position 28 to 33 comprises countries within the Central Africa Region and they came to trade agreement to use a single currency named Central African Franc. Its exchange rate is 594.08 for a USD. These countries are:

  • Gabon
  • Cameroon
  • Central African Republic
  • Chad
  • Congo
  • Equatorial Guinea

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Similarly, from position 34 to 41 are countries which use West African Franc as a common currency and it exchanges with dollar at 594.42 for 1USD. These countries are;

  • Benin
  • Ivory Coast
  • Guinea Bissau
  • Senegal
  • Niger
  • Burkina Faso
  • Mali
  • Togo

 

 

 

 

 

 

 

 

 

42. Sudan                Pound                601.50

43. Nigeria              Naira                  793.32

44. Angola              Kwanza             827.50

45. Malawi             Kwacha              1,053.73

46. Rwanda            Franc                  1,175.09

47. Tanzania           Shilling               2,448.30

48. DRC                   Franc                   2,559.00

49. Burundi             Franc                   2,831.30

50. Uganda             Shilling                3,651.68

51. Madagascar    Malagasy Ariary 4,510.69

52. Guinea               Franc                    8,604.43

53. Sierra Leone      Leone                   19,750.00

54. Sao Tome and Principe  Dobra     22,823.99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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