NewStats: 3,261,381 , 8,173,843 topics. Date: Thursday, 29 May 2025 at 05:11 AM 262d5e

A strong and stable currency is a crucial economic asset for any nation, particularly for countries in Africa striving for long-term economic growth and global competitiveness.

A resilient currency helps in mitigating inflation, stabilising exchange rates, and fostering investor confidence — elements that contribute to sustained economic development.

In recent months, African countries have been navigating economic shifts, emphasizing the need for stable currencies.

A robust currency reduces inflationary pressures, lowers the cost of imports, and makes financial planning more predictable for businesses and investors.

Top 10 Strongest Currencies in Africa (March 2025)

According to the Forbes currency converter, last updated on March 26, 2025, the following African currencies have the highest value against the U.S. dollar:

1. Tunisia – 3.09 – Tunisian Dinar

2. Libya – 4.83 – Libyan Dinar

3. Morocco – 9.57 – Moroccan Dirham

4. Botswana – 13.62 – Botswanan Pula

5. Seychelles – 14.37 – Seychellois Rupee

6. Eritrea – 15.00 – Eritrean Nakfa

7. Ghana – 15.49 – Ghanaian Cedi

8. Lesotho – 18.15 – Lesotho Loti

9. Namibia – 18.15 – Namibian Dollar

10. South Africa – 18.15 – South African Rand

https://www.vanguardngr.com/2025/04/top-10-strongest-currencies-in-africa-2/

Top 10 Strongest Currencies in the World in 2024

The United Nations recognizes 180 currencies worldwide as legal tender, though the popularity and usage of a currency do not necessarily reflect its economic value or strength, which is determined by its purchasing power in transactions involving goods, services, or other currencies.

Currencies play a crucial role in the global economy, symbolizing the strength and stability of their countries. They serve not just as instruments for international trade and finance, but also as indicators of a nation’s economic well-being and governance.

As highlighted by Forbes, here are the top 10 strongest currencies in the world.

-1). Kuwaiti dinar
The Kuwaiti dinar holds the title of the world’s strongest currency, with 1 dinar equivalent to 3.26 dollars, or conversely, $1 being equal to 0.31 Kuwaiti dinar.

Introduced in 1961, the Kuwaiti dinar, bolstered by the country’s substantial oil reserves, which it derives from its strategic location on the Persian Gulf between Saudi Arabia and Iraq, contributes significantly to its economic strength.

-2). Bahraini Dinar (BHD)
The Bahraini dinar is another prominent currency globally, ed by Bahrain’s diversified economy, which includes oil and gas as well as finance and tourism sectors, contributing to its robustness.

The Bahraini dinar, introduced in 1965, holds a strong position, with 1 dinar equaling 2.65 dollars, or alternatively, 0.38 Bahraini dinar per dollar.

-3). Omani Rial (OMR)
The Omani rial (OMR) is another of the world’s strongest currencies. Located on the southeastern coast of the Arabian Peninsula, Oman’s economy is largely dependent on its oil reserves.

The Omani rial was introduced in the 1970s, with 1 rial equivalent to 2.60 dollars, or $1 equaling 0.38 Omani rial.

-4). Jordanian Dinar (JOD)
The Jordanian dinar ranks as the fourth-strongest currency globally, where 1 dinar is valued at 1.41 dollars, or $1 equals 0.71 Jordanian dinar.

Since its introduction in 1950, the Jordanian dinar has sustained a robust value, bolstered by Jordan’s careful fiscal policies and a diverse economy encoming tourism, banking, and pharmaceutical sectors.

-5). British Pound (GBP)
The British pound ranks as the fifth-strongest currency globally, with 1 pound valued at 1.22 dollars, or $1 equaling 0.82 British pounds.

According to the World Bank, Britain boasts the world’s sixth-largest economy by gross domestic product (GDP). The pound, first introduced in the 1400s and decimalized in 1971, operates as a free-floating currency, independent of pegs to other currencies.

-6). Cayman Islands Dollar (KYD)
The Cayman Islands dollar (KYD) is the 6th most valuable currency in the world. It’s used in the Cayman Islands, which is a British territory in the Caribbean known for being a popular tax haven for rich people and big companies.

Caymans Island depends on sectors like tourism and real estates, with 1 Cayman dollar buying 1.20 dollars (or $1 equals 0.83 Cayman Islands dollar).

-7).Gibraltar Pound (GIP)
The Gibraltar pound holds the seventh position among the world’s strongest currencies, with 1 pound valued at 1.22 dollars, or $1 equaling 0.82 Gibraltar pounds.

Covering only 2.6 square miles at the southern tip of Spain, Gibraltar is an official British territory. The Gibraltar pound was introduced in the 1920s and is pegged at par with the British pound, meaning one GIP equals one GBP.

-8 ). Swiss Franc (CHF)
The Swiss franc holds the 8th position among the world’s strongest currencies and serves as Switzerland’s official currency. Its value surged against the euro and US dollar due to the European debt crisis and US monetary policy changes.

The Swiss franc, introduced in 1850, was briefly pegged to the euro before transitioning to a free-floating exchange rate. Currently, 1 franc is valued at 1.08 dollars ($1 equals 0.92 Swiss francs).

-9). Euro (EUR)
The euro holds the ninth position among the world’s strongest currencies, with 1 euro valued at 1.08 dollars, or $1 equivalent to 0.93 euros.

The euro serves as the official currency in 20 out of the 27 countries comprising the European Union. Introduced with coins and banknotes in 2002, the currency operates on a free-floating exchange rate.

10). U.S. Dollar (USD)
The US dollar is used in the United States and many other countries. It’s the main currency kept by central banks and commercial banks globally. Because it’s so widely used, the US dollar is involved in about 88.3% of daily trades in the foreign exchange market.

The US dollar holds several top positions, such as being the currency of the richest country in the world, but it ranks only 10th among the world’s strongest currencies.

https://www.vanguardngr.com/2024/07/top-10-strongest-currencies-in-the-world-in-2024/

Meanwhile, the value of the currency here have been greatly devalued that a dollar is now 1600 to the naira. No thanks to the economic cluelessness and incompetency of some idiots that were unfortunate to grace the national life of a country.

A guy at a bank was telling me that Nigeria is rich that see naira everywhere.

I asked him one question:

Outside Nigeria, where can you spend naira?

He went mute.

Your naira is only internal.

The APC e-rat called hellinus won't comment in a thread of this nature.

I am simply hear to read the comments..

When will Naira relocate back to N185 APC met it?

I have lived in 4 African countries where the XOF (2.5 times the naira) is used as a legal tender.

I earned the equivalent of N1,250,000 monthly...

But damn.. I was always gasping.

In Nigeria, I would have been a mini god in Uyo with a N1.2m salary and have a better life than anyone living in Cotonou, Dakar and Bamako.

The worse part is the ancient way of life, language barrier and terrible food.

Forget.... Nigeria Sweet abeg!

Tinubu you see your life?

Currency strength is not about exchange rate to the dollar.


An illiterate from vanguard wrote this list.

Currency power is about purchasing power and the economy of the country.

If Nigeria redenomiate it's currency like Ghana did and we removed 000 from 1k.
1usd = 1.50usd

Does that change the purchasing power?

C h a i..










The impact of the long years of monumental looting and mismanagement,,
Now, Naira to USD is N1,600 to 1$


Nigeria matter no dey worry me again,
Abeg make I chop my goat meat peppersoup in peace,,

Standard of living does not and cannot commensurate with currency value. Chinese Yuan is a very good example.

VeeVeeMyLuv:
All the above listed countries has far far better standard of living than Nigeria

I did not mention Nigeria.
Stop misquoting my post.

Racoon:
Meanwhile, the value of the currency here have been greatly devalued that a dollar is now 1600 to the naira. No thanks to the economic cluelessness and incompetency of some idiots that were unfortunate to grace the national life of a country.

Baboon abi racoon Dey blow grammar

See how several oil producing countries have currencies stronger than the US dollar, but Nigeria is not even in the top 10 in Africa. Make of that what you will. Next time anybody tries to gaslight you into thinking APC is the best thing after sliced bread, show them this list.

Upon reevaluating the list of strongest currencies in Africa, the Ghanaian Cedi should be removed, as the Nigerian Naira holds a stronger value. Ghana's currency has undergone significant changes and devaluation since its introduction. By 2007, even the highest denomination, the 20,000 note, was worth only about 2 dollars.

In 2007, the Ghanaian government introduced a revaluation plan to address the devaluation of the then-existing "new Cedi." The result was the introduction of the "Ghana Cedi" as a replacement currency, with a conversion rate of 1 Ghana Cedi to 10,000 units of the former new Cedi. Essentially, the government only removed four zeros from the old currency, instead of 20,000 cedis it became 2 cedi. This process streamlined the currency system and made transactions more manageable by simplifying large numerical figures. Nevertheless, it has experienced a significant decline since then, losing over 90% of its initial value. Consequently, it is not accurate to list the Ghana Cedi among Africa's strongest currencies.

Peace!

inside life

Hmmm

So 1 cedi na 100 naira.

Economic, developmental and democratic indices always return zero assessment for Nigeria under this useless, rudderless and impactless government

The strength of dollar has even dropped, I noticed this after Trump assumed power.

richiemcgold:
Standard of living does not and cannot commensurate with currency value. Chinese Yuan is a very good example.

All the above listed countries has good standard of living

Why is this thread scanty?
Why has the house suddenly gone empty?
The silence is really scary.😳😳

Yet Pabola EscoBat is still making noise about one stupid strategy.

Hehehe....

heykims:
The strength of dollar has even dropped, I noticed this after Trump assumed power.

It rose first and dipped a little.

Racoon:
https://www.vanguardngr.com/2025/04/top-10-strongest-currencies-in-africa-2/

Top 10 Strongest Currencies in the World in 2024

https://www.vanguardngr.com/2024/07/top-10-strongest-currencies-in-the-world-in-2024/

Lol at Cedi forming strong. Smh.

Cedi was redenominated in 2007 by knocking off 4 zeroes and since then has lost more than 10 times in value such that 1 new cedi is today equivalent of almost 1 million old cedis.

From 2007 till date, Naira had nearly depreciated by 15 times yet the Ghanaian cedi had depreciated by more than x100,000!

So only ignorant folks will not see the folly of including the Ghanaian cedi on the list. Naira is far worth more! A million cedis in 2007 is now worth about $1 in Ghana whereas a million naira in 2007 is worth about between $600-700 today.

The Ghanaian cedi should not even be on the list in practical .

ribbit:
Currency strength is not about exchange rate to the dollar.


An illiterate from vanguard wrote this list.

Currency power is about purchasing power.

If Nigeria redenomiate it's currency like Ghana did and we removed 00 from 1k.
1usd = 1.50usd

Does that change the purchasing power?

So that means I go to aboki and exchange 100, Naira as one hundred dollar then. And that 100 dollars has purchase power right.

Ok

Pls remove two zero for naira. At least 1$ will be equal to 16 naira

The least of the world strongest is actually the one Nigeria has been battling for over 30 years now. Muslim countries...! Muslim countries...!! Muslim countries...!!!

That’s alright.

- Decisively deal with insecurity.
- Make agriculture your priority.
- Stop the reckless looting and stealing of public resources.
- Deal with all forms of corrupt practices.
- Get the industries to work.
- Get the exports going.
- Protect all rare earth’s minerals and make generate huge revenues through them.
- Increase oil exploration and production.
- Block all avenues of stealing oil

Stop this reckless devaluation, borrowing, etc.
President to end frequent medical tourism to . The French President does not come to Nigeria for medical tourism or “state visit”. He should fix the healthcare system in this country.

Naira will begin to pick up.

Instead of “renewed hope agenda”, let’s have “Make Nigeria Great For The First Time ( MNGFTFT)”, just like Trump’s MAGA agenda.

teeteepeejay:


Baboon abi racoon Dey blow grammar

Is Nigeria still a giant of Africa?

Note: I am not asking whether it is the giant

Don't worry, just be hopeful that APC will bring us to 1 USD= 1 NAIRA.

I mean that's why we substituted PDP with APC. It may take a little time but that's their goal. Tinubu said it then now he is the president so I'm happy. Infact I'm even proactive enough to hoard some Naira waiting for when I can change it's equivalent to dollar and spray in wedding.

@OP create the thread 2 years from now and see what I'm talking about. Y'all should thank me later for this update.

Nairaland nko?