Highest Currency in Africa 2018: See The Top 10 African Currencies

Nigeria is known to be the most populous (at the same time most popular) country in Africa, but that does not mean it has the most valuable currency in Africa. The purchasing power of various countries in Africa is determined by the situation of the country’s economy and some other important factors. The Nigerian Naira fails to come top 10 in the list presently. In this post we shall be looking at the highest currency in Africa 2018, and the top 10 African currencies against the Dollar.

The value of a particular currency, determines its purchasing power in the international market. For example, we all know that the Great Britain Pounds Sterling has the highest currency value across the world, followed by the Euros, and then United States Dollar. Though the USD remains the most traded currency across the world.

Looking at Africa as a continent, many people are interested to know the highest currency in Africa especially in this present age. Evaluating the values, the currencies of the top 10 African countries will be compared with the most popular currency in the world, which is the United States Dollar, and the most popular currency in Africa, which is the Nigerian Naira. having this in mind, let me now show you the list of highest currency in Africa 2018.

Must read: Euro to Naira Exchange Rate Today (Black Market and CBN) June 2018

Highest Currency in Africa 2018: See The Top 10 African Currencies

Top 10 Highest Currency in Africa 2018

  1. Libyan Dinar (LYD)
  2. Tunisia Dinar (TND)
  3. Ghanaian Cedis (GHS)
  4. Sudanese Pounds (SDG)
  5. Moroccan Dirham (MAD)
  6. Botswana Pula (BWP)
  7. South African Rand (ZAR)
  8. Egyptian Pounds (EGP)
  9. Eritrean Nakfa (ERN)
  10. Zambian Kwacha (ZMW)

Now you have seen the top 10 strongest currencies in Africa, let me now show you more details about them, and their current exchange rates with the United States Dollar and Nigerian Naira.

  1. Libyan dinar (LYD)

1 USD To 1.36 LYD

1 LYD To 264.70 NGN

Libya as a country, is very famous for its huge crude oil reserves. The knowledge of the country’s ex-governor Muammar Gaddafi is very sound in the minds of many. The important thing you should note is that the Libyan Dinar is the highest currency in Africa 2018, and 1 Libyan Dinar has an exchange rate equivalent to NGN264.70. If you places is against 1 USD, it equals LYD 1.36.

  1. Tunisia Dinar (TND)

1 USD To 2.45 TND

1 TND To 146.63 NGN

The Tunisia Dinar is the second highest country in Africa 2018. Comparing the TND to USD and NGN, 1 TND worth NGN146.63, and 1 USD equals TND2.45.

  1. Ghanaian Cedis (GHS)

1 USD To 4.55 GHS

1 GHS To 78.97 NGN

Ghana, a West African country, is located very close to Nigeria when you look at the Map of Africa. Ghana has a well-managed economy that is improving at a fast rate. The Ghanaian Cedis comes third in the list of highest country in Africa 2018. It will amaze you that many years ago, this same currency cannot be associated with the Nigeria Naira, because the Naira has far more value than it by then. But now, the table has turned. 1 GHS is worth NGN78.97, and when compared with the United States Dollar, 1 USD will give you GHS4.55.

  1. Sudanese Pounds (SDG)

1 USD To 7.01 SDG

1 SDG To 51.27 NGN

The Sudanese Pound is the fourth most valued currency in Africa at the moment. Sudan is located in Northeast Africa, and it is also known as South Sudan, and officially called Republic of the Sudan. 1 USD is worth SDG7.01, and when compared to the Nigerian Naira, 1 SDG will give you NGN51.27.

  1. Moroccan Dirham (MAD)

1 USD To 9.33 MAD

1 MAD To 38.50 NGN

The Moroccan Dirham is the fifth highest country in Africa 2018. Just as l listed above, 1 MAD amounts to NGN38.50, and 1 USD equals to MAD9.33.

  1. Botswana Pula (BWP)

1 USD To 9.88 BWP

1 BWP To 36.39 NGN

Botswana is a landlocked state of Southern Africa, and the Botswana Pula is among the top 10 highest country in Africa 2018. 1 BWP is equivalent NGN36.39 and consequently, 1 USD equals BWP9.88.

  1. South African Rand (ZAR)

1 USD To 12.39 ZAR

1 ZAR To 28.98 NGN

The South African Rand could have been occupying the top spot on this list, but the currency became progressively less valuable. Though it still came seventh in this list of top 10 highest country in Africa 2018. Presently, 1 ZAR is worth NGN28.98, and one compared to the United States Dollar, 1 USD will give you ZAR12.39.

  1. Egyptian Pounds (EGP)

1 USD To 17.71 EGP

1 EGP To 20.29 NGN

The Egyptian Pounds is still proving to be one of the most valuable currencies in Africa. At the moment, ! EGP equals NGN20.29. Accordingly, if we compare the currency to American Dollar, 1 USD is equivalent to EGP17.71.

Must read: Pound to Naira Exchange Rate Today (Black Market and CBN) June 2018

  1. Eritrean Nakfa (ERN)

1 USD To 15.10 ERN

1 ERN To 23.81 NGN

Eritrea is an African island nation, and its currency still has much purchasing power in the continent. It is quite unfortunate that the Eritrean Nakfa is more valuable than the Nigerian Naira. Presently, 1 ERN will give you NGN23.81, and when compared to the American Dollar, 1 USD equals ERN15.10.

  1. Zambian Kwacha (ZMW)

1 USD To 9.75 ZMW

1 ZMW To 0.030 NGN

Finally, the last currency on this list of strongest currencies in Africa is the Zambian Kwacha. Zambia is a land-locked country located in Southern Africa. At the moment, 1 ZMW is equivalent to NGN0.30, and 1 USD will give you ZMW9.75.

Now you have a better idea of which country has the highest country in Africa. It is definitely Libya, and the Libyan Dinar is the strongest currency in Africa at the moment. The currency has a stable exchange rate and it is widely spread across Africa,

About Chibuzor Aguwa 223 Articles
Chibuzor Aguwa is an Article Writer, ICT Specialist and an Online Entrepreneur. Like the saying does "All work and no play makes Jack a dull boy", some of my hobbies are listening to inspirational songs and watching football. A big fan of Manchester United Football Club.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.