◆ African Currency Exchange Rates · Live Data

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Forex.

Live exchange rates for every major African currency against USD. Currency movements are the invisible hand that shapes African equity returns. Track them here.

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◆ African Currencies vs US Dollar

Exchange Rates vs USD

Wed, 06 May 2026

Africa's most traded currency. CBN NFEM rate. Driven by oil export revenues and remittance flows.

Recovering strongly post-IMF deal. Cocoa and gold exports underpin external balance.

East Africa's reserve currency. Strong remittance inflows and growing tech sector support.

The most liquid African currency. Closely tracked by global EM investors. Gold-linked.

Malawi Stock Exchange

Rwanda Stock Exchange

Largest Arab economy currency. Closely tied to tourism revenues, Suez Canal receipts, and Gulf remittances.

Managed float tied to EUR/USD basket. Stable, backed by phosphate exports and tourism.

Eswatini Stock Exchange

Bolsa de Valores de Cabo Verde

Algiers Stock Exchange

Namibian Stock Exchange

Pegged to the Euro at a fixed rate. Used across 8 West African nations of the BRVM zone.

Stable low-volatility currency. Tourism and gold exports provide external account support.

Copper-linked currency. Zambia's economic recovery tracking global copper demand trends.

Botswana Stock Exchange

Uganda Securities Exchange

Zimbabwe Stock Exchange

Stock Exchange of Mauritius

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Rates are sourced from ExchangeRate-API and updated daily. Visit a market page (e.g. Nigeria, Ghana) for more details on each market.

◆ Cross Rates

African Currency Cross Rates

Currency Pair	Rate	Description
ZAR / NGN	82.1383	South African Rand to Nigerian Naira
GHS / NGN	121.69	Ghanaian Cedi to Nigerian Naira
KES / NGN	10.5754	Kenyan Shilling to Nigerian Naira
GHS / KES	11.5073	Ghanaian Cedi to Kenyan Shilling
XOF / NGN	2.4378	CFA Franc to Nigerian Naira
ZAR / GHS	0.6750	South African Rand to Ghanaian Cedi

Cross rates are calculated from USD base rates. 1 unit of the first currency expressed in the second currency.

◆ Methodology

Forex rates are sourced from ExchangeRate-API (open.er-api.com), a free exchange rate service updated daily. Rates are for informational purposes only and may differ from interbank or retail rates offered by banks and bureaux de change.

◆ Frequently Asked

Forex FAQ

Why does the Nigerian Naira fluctuate so much?

The Naira's volatility reflects Nigeria's dependence on oil exports, the dual-rate legacy, and the CBN's NFEM market-based rate system. Remittances and diaspora flows also exert significant pressure on the exchange rate.

What is the CFA Franc and why is it stable?

The CFA Franc (XOF) is pegged to the Euro at a fixed rate of 655.957 XOF = 1 EUR. This peg, backed by the French Treasury, provides near-absolute exchange rate stability for the 8 West African nations using it — including Ivory Coast, Senegal, and Mali.

How does currency affect African stock market returns?

Currency is often the invisible factor in African equity returns. A Ghanaian stock can rise 30% in Cedi terms while losing value in USD terms if the Cedi depreciates. International investors always track local currency performance alongside stock prices.

What is the Zambian Kwacha linked to?

The Zambian Kwacha closely tracks global copper prices. As the world's 7th largest copper producer, Zambia's external account — and thus its currency — moves in line with commodity demand, particularly from China's construction sector.

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Exchange Rates vs USD

African Currency Cross Rates

Forex FAQ

African
Forex.