Africa’s 10 strongest currencies ranked

Keypoints:

• Tunisian Dinar remains strongest currency
• Ghanaian Cedi and Moroccan Dirham gain
• Currency strength helps cut inflation

AS the second half of 2025 begins, several African currencies are showing notable resilience, with some outperforming others in strength and stability. According to the latest Forbes currency converter data, the Tunisian Dinar remains the continent’s strongest currency for June 2025.

This monthly list highlights the top-performing legal tenders across Africa. While some currencies have slipped, others, including those of Tunisia, Morocco, and Ghana, have posted modest gains—offering economic advantages in the face of global financial pressure.

Strong currencies offer major benefits

A stronger currency can bring relief to both consumers and governments. For import-heavy African economies, currency appreciation makes foreign goods—from fuel to machinery—cheaper. This helps reduce inflation and the overall cost of living.

‘When a country’s currency strengthens, it lowers import prices, easing inflationary pressure,’ noted one analyst. This effect is particularly significant across Africa, where many essential goods are sourced abroad.

Currency strength also gives central banks room to manoeuvre. Lower inflation allows policymakers to reduce interest rates without risking price surges. Additionally, African countries that hold a significant portion of their public debt in foreign currencies, such as the US dollar or euro, benefit from a lower cost of debt servicing when their own currencies gain value.

For industrialising nations, a stronger currency can reduce the cost of importing production equipment and raw materials—potentially boosting local manufacturing and export competitiveness.

Top performers and movers

The June 2025 list reflects minor shifts from last month. Tunisia continues to top the chart, with Libya and Morocco close behind. Ghana’s Cedi has edged up, reflecting recent gains in fiscal stability. Meanwhile, Botswana, Swaziland (Eswatini), South Africa, and Namibia experienced slight declines, and Eritrea’s currency held steady.

Here are Africa’s 10 strongest currencies as of June 2025: