10 African Countries, Their Currencies, and Their Exchange Rate in Dollars

 

The exchange rate between African currencies and the US dollar can fluctuate greatly, so having a reference point for the most recent exchange rates is useful. This article will provide a list of ten African currencies and their current exchange rates against the US dollar.

Comparing the rates allows us to determine each currency’s relative strength or weakness. We will also look at some of the factors that influence currency exchange rates and their impact on African economic stability and growth.

1. Morocco

1 United States Dollar equals 10.00 Moroccan Dirham.

The Moroccan dirham is the official monetary currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. One Moroccan dirham is subdivided into 100 santimat

2. Zambia

1 United States Dollar equals 23.88 Zambian Kwacha

Zambian kwacha is the currency of Zambia. It is subdivided into 100 Ngwee. The name kwacha derives from the Nyanja, Bemba, and Tonga language.

3. Ivory Coast

1 USD = 601.835766 XAF Ivory Coast

The West African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by Ivory coast and seven other independent states in West Africa which make up the West African Economic and Monetary Union

4. South Africa

1 United States Dollar equals 18.82 South African Rand

The South African rand, or simply the rand, (sign: R; code: ZAR[a]) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents

5. Nigeria

1 United States Dollar equals 1,595.50 Nigerian Naira

The naira, is the currency of Nigeria. One naira is divided into 100 kobo

6. Ghana

1 United States Dollar equals 12.72 Ghanaian Cedi

The cedi is the unit of currency of Ghana. It is the fourth historical and only current legal tender in the Republic of Ghana. One Cedi is divided into one hundred Pesewas (Gp).

7. Cameron

1 United States Dollar equals 601.91 Central African CFA franc

The Central African CFA franc (French: franc CFA or simply franc; ISO code: XAF; abbreviation: F. CFA) is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon.

8. Kenya

1 United States Dollar equals 142.50 Kenyan Shilling

The shilling is the currency of Kenya. It is divided into 100 cents.

9. DR Congo

1 United States Dollar equals 2,770.00 Congolese Franc

The Congolese franc is the currency of the Democratic Republic of the Congo. It is subdivided into 100 centimes

10. Angola

1 United States Dollar equals 833.50 Angolan Kwanza

The kwanza is the currency of Angola. Four different currencies using the name kwanza have circulated since 1977.

 

 

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