Top 10 Strongest Currencies in Africa (2025)

Based on their exchange rate to the dollar, the currencies below are the strongest currencies in Africa.

Top 10 Strongest Currencies In Africa (2025)

To compare the value of the African currencies below, we have used the United State’s dollar as the fixed base currency. The strongest currency here is defined as the currency that gives you the smallest currency return for 1 US dollar.

1. Tunisian Dinar (1$ = 2.91 TND)

The Tunisian Dinar is currently the strongest currency in Africa by nominal value against the U.S. dollar. Its strength is largely due to Tunisia’s relatively stable monetary policy and controlled inflation. While the country faces economic challenges such as unemployment and political shifts, the central bank manages the dinar’s value through careful intervention and foreign currency reserves. The TND’s high nominal value means fewer dinars are needed to buy a single dollar compared to most African currencies.

2. Libyan Dinar ($1 = 5.4 LYD)

The Libyan Dinar benefits from Libya’s oil wealth and a centrally managed exchange rate. The country’s economy is heavily reliant on oil exports, which generate foreign currency inflows, supporting the dinar’s value. Despite political instability and intermittent conflicts, the LYD maintains its strength because the central bank limits currency circulation and adjusts rates to stabilize the economy. Its high nominal value places it among Africa’s strongest currencies.

3. Moroccan Dirham ($1 = 9.12 Dirham)

The Moroccan Dirham has remained relatively strong due to Morocco’s diversified economy, stable political climate, and tourism and phosphate exports. The central bank pegs the dirham within a managed float system against a basket of currencies, mainly the euro and dollar, which helps limit volatility. While Morocco faces inflationary pressures, its fiscal policies and export-driven economy allow the MAD to retain one of the highest nominal values on the continent.

4. Ghanaian Cedis (1$ = 11.3 CEDIS)

The Ghanaian Cedi has strengthened moderately in recent years due to economic reforms, increased foreign investment, and revenue from gold and cocoa exports. However, the cedi experiences periodic volatility caused by inflation and fiscal deficits. The central bank’s monetary policies aim to stabilize the exchange rate, making the GHS one of the stronger currencies in West Africa in nominal terms.

5. Botswana Pula ($1 = 13.3 PULA)

The Botswana Pula is well-known for its stability, supported by prudent fiscal management and diamond export revenues. The Bank of Botswana actively manages the currency to prevent excessive volatility, which has helped the Pula maintain a strong nominal value relative to the U.S. dollar. Botswana’s political stability and disciplined economic policies contribute to the Pula’s ranking as one of Africa’s strongest currencies.

6. Seychelles Rupee ($1 = 15.23 SCR)

The Seychellois Rupee benefits from the country’s small, tourism-driven economy and strict currency management. The central bank maintains exchange rate stability through reserves and monetary policies, while limited domestic production ensures that foreign inflows from tourism remain vital.

7. Eritrean Nakfa (ERN) – ($1 = 15.5 NAD)

The Eritrean Nakfa is officially pegged and strictly controlled by the central bank, which helps maintain a strong nominal value relative to the U.S. dollar. However, the ERN is largely non-convertible outside the country, limiting its liquidity on international markets.

8. Namibian Dollars ($1 = 16.5 NAD)

The Namibian Dollar is pegged 1:1 with the South African Rand and is used alongside it within the country. This peg provides stability and ties Namibia’s currency strength to the relatively stronger South African economy. The NAD’s high nominal value reflects the Rand’s influence, and its stability is reinforced by government fiscal discipline and export revenues, particularly from minerals and fisheries.

9. Swazi Lilangeni ($1 = 16.63 SZL)

The Swazi Lilangeni is also pegged to the South African Rand, meaning its value largely mirrors the Rand’s movements. Eswatini’s small, export-oriented economy relies on the stability of the Rand for trade and investment. While domestic challenges such as unemployment exist, the Lilangeni’s peg ensures a relatively strong nominal value, positioning it among Africa’s stronger currencies.

10. South African Rand ($1 = 16.67 ZAR)

The South African Rand (SGD) is the official currency of South Africa. It is also a legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency.

1 US dollar will buy you around 16.67 South African Rand making it the 10th most strongest currency in Africa.

Last Updated in December 2025