Top 10 best performing African currencies in June/July 2025

As of June 2025,  some African currencies emerged the strongest and performed better than others.

currency strength remains a key indicator of economic resilience, investor confidence and macroeconomic stability. Certain countries continue to maintain relatively strong currencies against the US dollar — a reflection of sound fiscal policies, diversified economies, and strategic monetary decisions.

According to Forbes currency calculator here are the top 10 best performing African currencies this month, ranked by their exchange rate to the US dollar.

1. Tunisia – Tunisian Dinar (TND)

Exchange rate: 2.96 TND per $

The Tunisian dinar leads the continent as Africa’s strongest currency. Backed by a relatively diversified economy and robust regulation of foreign exchange, the dinar maintains a stable value despite  global economic headwinds.


2. Libya – Libyan Dinar (LYD)

Exchange rate: 5.44 LYD per $

Despite political challenges, Libya’s dinar remains strong, buoyed largely by its vast oil reserves and a tightly controlled exchange system

3. Morocco – Moroccan Dirham (MAD)

Exchange rate: 9.15 MAD per $

The Moroccan dirham benefits from a broad-based economy, healthy tourism inflows, and well-managed monetary policy.

4. Ghana – Ghanaian Cedi (GHS)

Exchange rate: 10.28 GHS per $

The Ghanaian cedi has shown resilience in recent quarters thanks to IMF support, fiscal tightening,  that continue to improve the country’s currency value.

5. Botswana – Botswanan Pula (BWP)

Exchange rate: 13.51 BWP per $

Long regarded as one of Africa’s most stable economies, Botswana maintains a steady currency. The pula’s strength reflects prudent fiscal management, low corruption levels, and a diamond-driven economy.

6. Seychelles – Seychellois Rupee (SCR)

Exchange rate: 14.44 SCR per $

Driven by tourism and fisheries, Seychelles manages its currency through a floating regime. The rupee’s strength is underpinned by high forex reserves and stable governance in the island nation.

7. Eritrea – Eritrean Nakfa (ERN)

Exchange rate: 15.00 ERN per $

The nakfa is pegged to the US dollar and rarely allowed to fluctuate, helping maintain a fixed exchange rate. This policy, though restrictive, gives the currency its formal strength.

8. Eswatini – Swazi Lilangeni (SZL)

Exchange rate: 18.10 SZL per $

The lilangeni is pegged to the South African rand, which anchors its value. Eswatini’s membership in the Common Monetary Area (CMA) plays a pivotal role in keeping the currency relatively strong.

9. South Africa – South African Rand (ZAR)

Exchange rate: 18.10 ZAR per $

As one of Africa’s largest and most industrialised economies, South Africa’s rand reflects a mix of global market dynamics and local fiscal pressures. While volatile, it remains one of the continent’s stronger currencies.

10. Namibia – Namibian Dollar (NAD)

Exchange rate: 18.10 NAD per $

Like Eswatini, Namibia’s dollar is pegged to the rand. It mirrors the South African currency’s fluctuations but benefits from Namibia’s relatively stable political and economic climate.

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