Strongest Currencies in Africa
As a country, having a strong currency is necessary for a variety of economic reasons and benefits. This is usually a crucial indicator for determining a country’s economic strength. Africa as a continent isn’t left out, as there are African countries with powerful currencies when compared to the dollar.
To clarify it further, one could say that a country with a strong currency has more purchasing power than other countries throughout the world. When it comes to Africa, some currencies are stronger than others due to the state of the continent’s economy.
The top 15 most powerful currencies in Africa are listed here, in order of their worth, purchasing power, and exchange rate versus the dollar, from strongest to weakest.
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The 15 most powerful African currencies in 2022 are listed below.
Top 15 Strongest Currencies in Africa
CURRENCY | YEAR-TO-DATE PERFORMANCE | RANKING |
South African Rand | 4.56% | 1st |
Namibian Dollar | 4.49% | 2nd |
Botswana Pula | 1.76% | 3rd |
Uganda Shilling | 0.84% | 4th |
Egypt Pound | 0.02% | 5th |
Cote D’ Voire Cfa | 0.00% | 6th |
Malawi Kwacha | 0.00% | 7th |
Tunisia Dinar | 0.07% | 8th |
Tanzania Shilling | -0.01% | 9th |
Kenya Shilling | -0.43% | 10th |
Mauritius Rupee | -0.43% | 11th |
Nigerian Naira | -0.82% | 12th |
Morocco Dirham | -1.18% | 13th |
Ghana Cedis | -4.70% | 14th |
Zambia Kwacha | -11.29% | 15th |
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