₦airaland Forum

In 2025, several African currencies have held up remarkably well against the US dollar, benefiting from strong commodity exports, prudent fiscal management, foreign exchange controls, and investor confidence.

Here’s a look at some of the best-performing African currencies and what is driving their relative resilience.

1. Tunisian Dinar (TND) — Edge in value retention (2.9–3.1 TND per USD)
The Tunisian dinar remains at the top in nominal value relative to the dollar in Africa. Thanks to tight controls on capital flows and disciplined monetary policy, it has preserved value even as other currencies weakened.

2. Libyan Dinar (LYD) — Oil-backed stability (4.8–5.4 LYD per USD)
Libya’s heavy reliance on oil exports supports the dinar. While political and institutional instability remains a risk, the inflow of hydrocarbon earnings bolsters FX availability.l

3. Moroccan Dirham (MAD) — Balanced regime, diversified base (9.0–10.0 MAD per USD)
Morocco operates a managed floating exchange system (often pegged to a basket of currencies). With a mixed economy—tourism, agriculture and manufacturing—it enjoys relative resilience to external shocks.

4. Botswana Pula (BWP) — Resource discipline (13.0–14.0 BWP per USD)
Botswana’s prudent fiscal policy and diamond exports give the pula a strong foundation. Its currency is often cited for its relative stability in Southern Africa.

5. Ghanaian Cedi (GHS) — Dramatic reversal (10–14 GHS per USD)
Perhaps the standout story is the cedi’s sharp turnaround. After years of sharp depreciation, Ghana’s reforms, investor confidence, and capital inflows have helped the cedi post strong gains in 2025, with some reports calling it the world’s best-performing currency this year.

Gentlechika:
We still need to give kudos to this current administration for at least stabilising the nair. Buhari really finished us.

Gentlechika:
We still need to give kudos to this current administration for at least stabilising the nair. Buhari really finished us.

FreeStuffsNG:
Ghanaian cedi is the worst to compare with any currency and it shows that the reporter had no clue on the true value of new cedis after Ghana knocked off 4 zeros in 2007 redenomination and the new cedis devalued almost 20 times since 2007!

1 naira today is worth almost 1million old Ghanaian cedi!

If Ghana likes, it can keep deceiving itself or/and keep deceiving the ignoramus gbegbendus here on nairaland and unpatriotic elements feasting on a false report.

Naira is far ahead of the Ghanaian cedi and I thank late President Yardua for not falling for the nonsense redenomination attempt by then CBN Governor, Prof Soludo.

FreeStuffsNG:
Ghanaian cedi is the worst to compare with any currency and it shows that the reporter had no clue on the true value of new cedis after Ghana knocked off 4 zeros in 2007 redenomination and the new cedis devalued almost 20 times since 2007!

1 naira today is worth almost 1million old Ghanaian cedi!

If Ghana likes, it can keep deceiving itself or/and keep deceiving the ignoramus gbegbendus here on nairaland and unpatriotic elements feasting on a false report.

Naira is far ahead of the Ghanaian cedi and I thank late President Yardua for not falling for the nonsense redenomination attempt by then CBN Governor, Prof Soludo.

If Soludo had succeeded, we would have become another Ghana hyping a beaten near-worthless currency.

DamjayEnt:
You will never see Nigeria on this kind of list.

Gentlechika:
We still need to give kudos to this current administration for at least stabilising the nair. Buhari really finished us.

FreeStuffsNG:
Ghanaian cedi is the worst to compare with any currency and it shows that the reporter had no clue on the true value of new cedis after Ghana knocked off 4 zeros in 2007 redenomination and the new cedis devalued almost 20 times since 2007!

1 naira today is worth almost 1million old Ghanaian cedi!

If Ghana likes, it can keep deceiving itself or/and keep deceiving the ignoramus gbegbendus here on nairaland and unpatriotic elements feasting on a false report.

Naira is far ahead of the Ghanaian cedi and I thank late President Yardua for not falling for the nonsense redenomination attempt by then CBN Governor, Prof Soludo.

If Soludo had succeeded, we would have become another Ghana hyping a beaten near-worthless currency.

Racoon:
Here we are! Nigerian Naira is not a currency force to be reckon with because of devaluation and depleting the foreign reserves to shore up the dollar.