See the top 10 strongest currencies in Africa in April 2025

• Some African currencies person emerged stronger than the Nigerian currency, the naira, successful a caller ranking for April 2025
• Data shows that 10 African countries person immoderate of the strongest currencies against the US dollar
• The improvement follows the clang of the naira to a caller debased connected Tuesday, April 22, 2025, successful the overseas speech market

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

As of April 2025, respective African currencies person rebounded against the US dollar, showing assorted degrees of appreciation and resilience, monetary policies, and economical structure.

The spot of a country's currency is 1 of the cardinal indicators of economical wellness and stability.

Naira crashes amid caller information showing Africa's strongest currencies. Credit: Novatis
Source: Getty Images

Top African countries with the strongest currencies

These countries person maintained comparatively unchangeable monetary policies, keeping their currencies robust amid planetary tariffs imposed connected nations by the US government.

Tunisian Dinar - 2.95/$

The North African state leads the database again, with the Tunisian Dinar remaining the strongest successful Africa.

The Dinar’s resilience is owed partially to the country’s pugnacious speech power regulations and efforts to power inflation, contempt governmental and economical uncertainties. 

Libyan Dina - 5.46/$

Despite Libya’s governmental challenges, the country’s currency remains strong, which is attributed to its immense lipid reserves, which proceed to enactment arsenic a buffer to its economy.

Moroccan Dirham 9.24/$

The North African country’s unchangeable macroeconomic environment, economical diversification, and dependable monetary argumentation person allowed the Moroccan Dirham to clasp its presumption and stay beardown successful the speech complaint market.

Morocco continues to pull investment, particularly successful renewable energy.

Botswana Pula - 13.77/$

The Pula remains 1 of the strongest currencies successful Africa. The state relies heavy connected diamond exports, which are balanced by robust monetary argumentation guidelines.

Seychellois Rupee - 14.22/%

The land country’s system is tourism-reliant, supported by fisheries. However, its cardinal slope has kept its ostentation comparatively low.

The Seychelles’ currency remains beardown owed to overseas speech controls and a floating speech complaint authorities that adapts to marketplace realities.

Eritrean Nakfa - 15.00/$

Despite having a closed and heavy controlled economy, Eritrea’s fixed speech complaint has allowed its currency to stay comparatively stable.

However, analysts accidental this spot is mostly artificial and does not bespeak the Nakfa’s existent worth connected the achromatic market.

Ghanaian Cedi - 15.46/$

The West African country’s currency has had its just stock of volatility, however, caller efforts, reforms and IMF enactment person helped to supply comparative stableness to the cedi.

South African Rand 18.62/$

The rand is influenced by planetary markets and capitalist sentiment arsenic 1 of the astir traded currencies successful Africa.

Reports accidental that contempt economical headwinds, the rand remains comparatively beardown owed to its liquidity and the country’s fiscal sector.

Namibian Dollar - 18.77/$

The Namibian dollar is pegged to the South African Rand and mirrors South Africa’s strengths and weaknesses.

The peg ensures stableness and exposes Namibia to outer shocks affecting South Africa.

Lesotho Loti - 18.77/$

The country’s currency is besides pegged to the South African rand, allowing it to facilitate commercialized and fiscal coordination wrong the Common Monetary Area (CMA).

It besides means Lesotho’s currency is babelike connected South Africa’s performance.

The naira falls to a caller debased arsenic information shows the apical 10 strongest currencies successful Africa.
Source: Getty Images

The naira falls alongside the dollar

The improvement comes arsenic the Nigerian currency depreciated successful the authoritative model connected Tuesday, April 22, 2025, contempt the dollar hitting a three-year low.

The Nigerian currency closed trading astatine N1,606 to a dollar from N1,600.50 it traded connected Thursday, April 18, 2025.

The depreciation comes amid the diminution successful Nigeria’s overseas speech reserves, which depreciated by $111.17 cardinal to $37 billion.

Data from the Nigerian Foreign Exchange Market (NFEM) released by the Central Bank of Nigeria (CBN) shows that dealers quoted the dollar astatine a precocious of N1,610 and a debased of N1,598.50.

Dollar crashes to 3-year low

Legit.ng earlier reported that the US dollar fell connected Monday, April 21, 2025, to its lowest since March 2022 arsenic capitalist assurance successful the US system crashed.

Reports accidental the dollar declined owed to President Donald Trump’s attacks connected Federal Reserve Chairman Jerome Powell.

Compared to different currencies, the dollar deed its lowest, trading astatine 97.923 connected Monday, April 21, 2025.

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Source: Legit.ng