The top ten strongest currencies in Africa

NEWMEDIANG.COM

The top ten strongest currencies in Africa at the moment are as follow;

1. Tunisian dinar: This is currently the strongest and most valuable currency in Africa. As of the time of publication, checks by Pulse Ghana shows that TND1000 converts to $352.6.

2. Libyan dinar: Libya currently has the second strongest and most valuable currency on the continent, second only to Tunisia. When converted to the dollar, LYD1000 will give you $219.338.

3. Ghanaian cedi: This West African country has the third strongest and most valuable currency in Africa. GHS1000 will give you $163.54.

4. Moroccan dirham: Morocco has the fourth-strongest currency in Africa, for now. Checks by BI Africa showed that when converted to the dollar, DH1000 becomes $109.5.

5. Botswana pula: Botswana in Southern Africa has the fifth strongest currency on the continent. BWP1000 converts to $87.23. However, this may have changed slightly by the time you convert yours due to exchange rate volatility.

6. Seychellois rupee: This tiny island country which is located in the Somali Sea, has one of the strongest currencies in Africa. SCR1000 converted to $76.38 at the time of filing this report.

7. Namibian dollar: When we converted NAD1000 to the dollar, we got $67.15.

8. Eritrean nakfa: In Eritrea which is located in the Horn of Africa, they use a currency called the Eritrean nakfa. The currency has the eighth strongest exchange rate against the dollar. As at the time of the comparison, ERN1000 converted to $66.67.

9. Swazi lilangeni: Although it is among the poorest countries on the continent, Eswatini (Swaziland) has one of the strongest currencies. When converted to the dollar, SZL1000 gave us $66.19.

10. South African rand: South Africa is one of the continent’s strongest economies. It also has one of the strongest currencies. When we convert ZAR1000 to the dollar, we get $65.24.

Source: Pulse Nigeria