As of 2024, the most valuable currencies in Africa based on their exchange rate against the US Dollar (USD) are:
Top 5 Strongest Currencies in Africa (Ranked by Value Against USD)
- Tunisian Dinar (TND)
- 1 TND ≈ 0.32 USD
- Tunisia’s currency is the strongest in Africa due to strict government regulations on forex exchanges.
- Libyan Dinar (LYD)
- 1 LYD ≈ 0.21 USD
- Libya’s wealth in oil and its foreign exchange policies keep its currency strong.
- Ghanaian Cedi (GHS)
- 1 GHS ≈ 0.083 USD
- Ghana’s economic reforms and strong exports (gold, cocoa, oil) help stabilize its currency.
- Moroccan Dirham (MAD)
- 1 MAD ≈ 0.10 USD
- Morocco’s economy, trade agreements, and tourism industry contribute to a strong currency.
- Botswana Pula (BWP)
- 1 BWP ≈ 0.073 USD
- Botswana’s well-managed economy and stable political environment strengthen its currency.
Other Notable Currencies in Africa
- Egyptian Pound (EGP) – 1 EGP ≈ 0.020 USD
- South African Rand (ZAR) – 1 ZAR ≈ 0.053 USD
- Zambian Kwacha (ZMW) – 1 ZMW ≈ 0.045 USD
- Nigerian Naira (NGN) – 1 NGN ≈ 0.0013 USD (weaker due to economic challenges)
