The Kenya shilling is certainly not one of the strongest currencies in Africa today. The local currency has lost significant value over the past several months and its depreciation continues unabated.
This has left the question; are other African currencies on a similar downward trend? What are the strongest currencies in Africa today?
How are African currencies rated against the US dollar? What’s their worth and which currencies are ranked at the top from Africa? Here, you will see the top 10 strongest currencies in Africa today
This list is based on an update done , by FXOpen, a forex broker which procures forex brokerage services, on May 16, 2023. Note that these figures have fluctuated to varying degrees, some slightly, others significantly.
For example Namibia’s current exchange rate as of July 7, 2023 is 14.89/$1, while on the list it is 19.08/$1.
The list shows 10 strongest currencies compared to the dollar as of May 2023.
| Rank | Country | Currency | Exchange rate to the $ |
|---|---|---|---|
| 1. | Tunisia | Tunisian Dinar | 1 USD = 3.0 TND |
| 2. | Libya | Libyan Dinar | 1 USD = 4.7 LYD |
| 3. | Morocco | Moroccan Dirham | 1 USD = 10.1 MAD |
| 4. | Ghana | Ghanaian Cedi | 1 USD = 11.5 GHS |
| 5. | Botswana | Botswana Pula | 1 USD = 13.5 BWP |
| 6. | Seychelles | Seychellois Rupee | 1 USD = 13.9 SCR |
| 7. | Eritrea | Eritrean Nakfa | 1 USD = 15.0 ERN |
| 8. | Zambia | Zambian Kwacha | 1 USD = 18.6 ZMW |
| 9. | Namibia | Namibian Dollar | 1 USD = 19.08 NAD |
| 10. | Lesotho | Lesotho Loti | 1 USD = 19.08 LSL |
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