See the list of Africa's strongest currencies in 2025

• A caller Forbes Currency Converter has shown Africa's 10 strongest currencies arsenic of March 26, 2025
• The currencies emerged arsenic the strongest successful examination to their show against the US dollar successful the erstwhile month
• However, the Nigerian currency did not marque the database aft depreciating to the lowest successful 5 months to N1,600 per dollar

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Financial experts person said that a beardown and unchangeable currency is simply a cardinal economical plus for immoderate country, particularly successful Africa, wherever countries conflict for semipermanent economical maturation and planetary competitiveness.

A robust and resilient currency is captious to combating inflation, speech complaint stableness and capitalist confidence, which are captious to sustained economical development.

Forbes names the apical 10 strongest African currencies arsenic of March 2025. Credit: urbazon
Source: Getty Images

African countries question currency stability

Recently, African countries person been wading done economical shifts, stressing the request for unchangeable currencies.

A beardown currency withstands ostentation and lowers import costs, making fiscal readying much predictable for businesses and investors.

Top 10 African currencies successful Africa

A study by Forbes Currency Converter shows Africa’s strongest currencies arsenic of March 26, 2025.

• Tunisian Dinar - 3.09 per dollar
• Libyan Dinar - 4.83 per dollar
• Moroccan Dirham - 9.57 per dollar
• Botswana Pula - 13.62 per dollar
• Seychelles Rupee - 14.37 per dollar
• Eritrean Nakfa - per dokkar
• Ghanaian Cedi - 15.49  per dollar
• Lesotho Loti - 18.15 per dollar
• Namibian Dollar - 18.15  per dollar
• South African Rand 18.15 per dollar 

The naira falls to a five-month low

The improvement comes arsenic the authoritative and parallel marketplace windows person drifted further isolated arsenic the naira deed a five-month debased successful the Nigerian Foreign Exchange Market (NFEM).

On Friday, April 4, 2025, the naira depreciated to N1,600 per dollar, down from N1,569 it traded the erstwhile day.

The past clip the naira traded adjacent that complaint was connected December 3, 2024, erstwhile it exchanged astatine N1,608 per dollar.

The December depreciation came soon aft the Central Bank of Nigeria (CBN) recently launched the NFEM to boost transparency and liquidity.

CBN intervenes successful the FX market

The apex slope past mandated banks and currency dealers to migrate to the Bloomberg BMatch System to guarantee transparency.

Experts accidental Friday’s naira depreciation was expected arsenic the CBN prolonged its involution successful the forex markets.

However, connected Saturday, April 5, 2025, CBN intervened by releasing $197.71 cardinal into the FX marketplace to boost liquidity.

CBN Director of the Financial Markets Department, Omolara Duke, stated successful a play circular that the transportation was conducted done income to authorised dealers. 

According to Duke, the enactment addressed the increasing volatility successful planetary fiscal markets. 

This came aft the United States slapped caller import tariffs connected respective economies.

The naira is not ranked among the apical 10 strongest currencies successful Africa successful 2025. Credit: NurPhoto/Contributor
Source: Getty Images

The CBN attributed these changes to the planetary marketplace turbulence caused by U.S. tariffs. 

Additionally, the terms of crude lipid fell much than 12% to astir $65.50 per barrel, further straining countries that export oil, specified arsenic Nigeria. 

On April 4, 2025, the CBN provided $197.71 cardinal to combat this. 

“In enactment with its committedness to ensuring capable liquidity and supporting orderly marketplace functioning, the CBN facilitated marketplace enactment connected Friday, April 4, 2025, with the proviso of US$197.71 cardinal done income to Authorised Dealers,” CBN said. 

The slope emphasised that this enactment advances its nonsubjective of having a stable, open, and effectual overseas speech market.

The naira depreciates successful the achromatic market 

Meanwhile, the naira besides depreciated successful the parallel marketplace connected Friday, April 4, 2025, trading astatine N1,565 from N1,560.

Data from the CBN shows that dealers quoted the dollar astatine a precocious of N1,625 and a debased of N1,519 connected Friday, April 4, 2025.

Naira experiences biggest autumn successful 2025

Legit.ng earlier reported that the Nigerian naira hit its lowest successful 30 days connected Thursday, April 3, 2025, successful the authoritative Nigerian Foreign Exchange Market (NFEM).

CBN information shows that the naira depreciated to N1,569 per dollar from N1,534 the erstwhile day.

The depreciation is the lowest the section currency has gone successful implicit 30 days arsenic analysts fearfulness it mightiness autumn disconnected the N1,500 ceiling against the dollar.

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Source: Legit.ng