See the list of the top 10 African countries with strongest currencies in May 2025

• A caller currency ranking has listed the top-performing currencies successful Africa successful May 2025, arsenic the naira crashes
• The database shows that the Tunisian dinar emerged arsenic the continent’s strongest currency, trading astatine 2.95 dinars to the dollar
• Also, the Ghanaian currency, the cedi, edged retired immoderate apical performers, becoming 1 of the strongest currencies successful Africa successful May 2025 

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

According to a caller ranking, successful April 2025, the Tunisian Dinar strengthened, emerging arsenic Africa’s strongest currency astatine 2.95 per dollar.

The Tunisian currency’s summation was attributed to choky overseas speech regulations, monetary argumentation tightening, and a unchangeable economical environment.

The Nigerian naira was removed from the database of the strongest currencies successful Africa. Credit: Novatis
Source: Getty Images

The Tunisian dinar is Africa’s strongest currency successful May

The dinar and different African currencies, specified arsenic Libya, Morocco, and Botswana, person remained strong.

Also, the Ghanaian currency has seen improvements comparative to erstwhile performance, emerging arsenic 1 of the top-performing currencies successful Africa, with analysts predicting further gains for the cedi.

The determination was owed to immoderate monetary argumentation measures successful the past month, which provided alleviation for the cedi.

Ghanaian cedi edges retired apical performers

In the reappraisal period, the cedi’s resurgence helped to trim import costs.

The Ghanaian currency improved significantly, rising from 15.46 cedi per dollar to 13.20, edging retired Seychelles, Eritrea, and Botswana connected the 4th spot.

Like Ghana, respective African countries trust heavy connected imports for indispensable goods specified arsenic fuel, machinery, and pharmaceuticals.

Experts accidental a anemic currency means that imports go much expensive, worsening ostentation and reducing purchasing power.

A currency’s spot is perceived arsenic a amusement of economical stableness and dependable fiscal management.

In May, the countries successful the apical 10 saw important improvements successful their currency values.

The South African rand is relegated

Business Insider reports that portion South African, Namibian, and Lesotho currencies slumped, Eritrean currency remained steady. 

The study said that the South African rand dropped from the eighth presumption to the 10th, dipping beneath Namibian and Lesotho currencies.

The rand depreciated from 18.62 per dollar to 17.88.

The naira falls arsenic CBN intervenes

Meanwhile, Legit.ng earlier reported that the Central Bank of Nigeria (CBN) intervened successful the authoritative overseas speech marketplace to boost liquidity and boost the naira’s value.

The fiscal assemblage regulator conducted overseas speech interventions, selling $50 cardinal to authorised banks connected Tuesday, May 27, 2025, astatine N1,581 and N1,581.92.

The strongest African currencies

• Tunisia dinar: 2.97 per dollar
• Libya: 5.43 per dollar
• Morocco 9:17 per dollar
• Ghana cedi: 13.20 per dollar
• Botswana: 13.38 per dollar
• 14.21 per dollar
• Eritrea: 15.00 per dollar
• Namibia: 17.83 per dollar
• Lesotho: 17.83 per dollar
• South Africa: 17.88 per dollar

The naira depreciates amid CBN’s interventions

The latest interventions came aft the apex slope sold $190 cardinal to the FX marketplace past week, which experts accidental has fizzled away.

Data from the Nigerian Foreign Exchange Market (NFEM) shows that the naira reversed its two-week gain, depreciating to N1,583.73 per dollar successful the authoritative marketplace connected Tuesday, May 27, 2025, arsenic request pressures mounted.

The naira depreciates aft a weeklong appreciation successful the FX market. Credit: Picture Alliance/Contributor
Source: Getty Images

Tuesday’s NFEM information shows that currency dealers quoted the dollar astatine a precocious of N1,591 and a debased of N1,581.92.

Naira trades high, British lb rises

Legit.ng earlier reported that the British pound sterling rose to a caller precocious successful the FX marketplace successful the week ending May 23, 2025, amid maturation forecasts owed to income data.

Information from the overseas speech marketplace showed that the sterling was exchanged astatine 1.35.38 connected Friday, May 23, 2025, arsenic the lb gained 1.93% against the USD.

According to reports, investors dumped the US greenback arsenic President Donald Trump’s medication renewed the commercialized war, threatening to slap the European Union with higher tariffs, thereby strengthening the pound.

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Source: Legit.ng