Top 10 Highest Currencies in Africa in 2020 Most Valuable

Have you ever wondered what is the highest currency in Africa, you know the Strongest most valuable currency in Africa, those particular currency notes that give you the more buying power in other countries. Well, NaijaQuest has got your back on that, with the right answers.

We would place the highest currency in Africa against the most used currency in the world {Dollars $} and that of the most populous country in Africa {Naira #} to know how they compare to the Naira and dollar. This article would center on the Most valuable currency in Africa / Strongest currency in Africa.

Top 10 Highest Currencies in Africa in 2020 {Africa’s Most Valuable Strongest Currencies}

Rank No. Currency Name Value To $1
1. Libyan Dinar 1.41 LYD
2. Tunisian Dinar 2.90 TND
3. Ghana Cedis 5.77 GHS
4. Morrocan Dinar 10.27 MAD
5. Botswanan Pula 12.26 BWP
6. Seychellois Rupee 13.89 SCR
7. Eritrean Nafka 15.00 ERN
8. Egyptian Pounds 15.76 EGP
9. Zambian Kwacha 18.61 ZMW
10. Swazi Lilangeni 18.99 SZL
11. Namibian Dollar 19.00 NAD
12. South African Rand 19.05 ZAR

Details on Each Currency

  • 1. LIBYAN DINAR LYD

1 USD To 1.41 LYD
1 LYD To 261.29 NGN

Libyan Dinar

Libya is known for its vast deposit of crude oil. Aside from this, I guess you must have heard of their former ruler Gaddafi. But did you know that the currency of Libya, the Libyan Dinar is the strongest currency in Africa? Yes, it is. One (1) Libyan Dinar equals to NGN 261.29. When compared with the dollar, one dollar is equivalent to 1.41 Libyan dinars.

The country was particularly made famous by its late leader Muammar Gaddafi who was quite a famous international figure. He helped raise the profile of the country, transforming the country greatly. He laid the foundation for the development witnessed in Libya today. The nation has a rich oil reserve. The citizens enjoy the massive wealth available in the country. Libya covers an area of almost 1.8 million square kilometers and is the fourth largest country in Africa, 16th largest in the world. The country has the 10th largest proven oil reserve in the world. The capital city of Libya is Tripoli and it is also the largest city in the country. Located in western Libya, it is home to over one million of Libya’s total population of six million people. The second-largest city in Libya in Benghazi. It is located in eastern Libya. Since the death of its famous former leader Muammar Gadaffi in the year 2011 in a NATO-backed onslaught on his regime, the country has been thrown into turmoil, though gradually improving.

  • 2. Tunisia Dinar TND

1 USD To 2.90 TND
1 TND To 122.91 NGN

Tunisian Dinar

The Tunisian Dinar comes in after the Libyan Dinar as the second most valuable currency in Africa. When compared to the Nigerian Naira, you will get NGN 122.91 exchanged for one Tunisian Dinar. The exchange rate of this currency to the dollar, 1 US dollar is equivalent to 2.90 Tunisian dinars.

Tunisia is another North African country. The country borders the Mediterranean Sea and the Sahara Desert. The capital city of Tunisia is Tunis. It is home to the Bardo Museum which has archaeological exhibits from Roman mosaics to Islamic art. You most likely won’t need to apply first for a visa to visit Tunisia, citizens of most countries are offered a 90-day visa on arrival for a fee. The country is an Island country with over 99% of the inhabitants being Muslims of the Sunni extraction while Roman Catholics make up over 88% of the Christian population in the country. The population of Tunisia is currently about 12 million.

Ghana Cedis
  • 3. Ghanaian Cedis GHS

    • 1 USD To 5.77 GHS
    • 1 GHS To 75.53 NGN

The west African country, one of the closest neighbor to Nigeria. Ghana, with a growing and well-managed economy, This has earned them the third spot with the Ghanaian cedis has one of the highest currency in Africa. Also, many years back, their situation could not even be compared to what is obtainable in Nigeria but as we have it today, some would even argue that they are better developed. One Ghanaian Cedi is equal to 75.53 Naira. Comparing it with the dollar, the currency is strong, it is approximately 5.77 Ghanaian cedis that’s one U.S dollar.

Third strongest currency in Africa is the Ghanaian Cedis. Located in West Africa, Ghana is a small African nation locate very close to Nigeria. The country’s economy is well-managed and is constantly improving. The country years back was so poor that many of its citizens fled to Nigeria but today, the country is doing so well and its currency is far stronger than the Nigerian Naira. Ghana is the first sub-Saharan African country to become independent when it gained independence on March 6th, 1957. The Ghana flag was designed in the year 1957 by Theodosia Salome and has red, gold, and green colors with a black star. The red color symbolizes the blood shed for independence, the gold symbolizes Ghana’s mineral resources, the green symbolizes its agriculture, while the lone star is the African freedom symbol.

Moroccan Dirham MAD
  • 4. Moroccan Dirham MAD

1 USD To 10.27 MAD
1 MAD To 38.28 NGN

This is one of the strongest currencies in Africa, one Moroccan Dirham equals 38.28 Naira. Also, 10.27 Moroccan Dirham is exchanged for one dollar.

Morocco is yet another North African country to feature on the list. Morocco borders the Atlantic Ocean as well as the Mediterranean Sea and is well distinguished by its Berber, Arabian and European cultural influences. Marrakesh’s medina which is a mazelike medieval quarter offers entertainment in its Djemaa el-Fna square and souks (marketplaces) selling ceramics, jewelry as well as metal lanterns. The capital city Rabat’s Kasbah of the Udayas is a 12th-century royal fort overlooking the water.

Botswana Pula BWP
  • 5. Botswana Pula BWP

1 USD To 12.26 BWP
1 BWP To 34.33 NGN

A Botswana Pula is worth NGN 34.33. It is the currency of Botswana and has for some time now been among the strong currency on the continent. 12.26 Botswana Pula is exchanged for one dollar.

Next is the currency of Botswana, a landlocked state in Southern African. Botswana is a landlocked country located in Southern Africa with a landscape defined by the Kalahari Desert and the Okavango Delta, which transforms into a lush animal habitat during the seasonal floods. The massive Central Kalahari Game Reserve is known for its fossilized river valleys and undulating grasslands is home to several animals including giraffes, cheetahs, hyenas and wild dogs. Botswana is the 47th largest country in the world covering an area of 600,370 sq. km. It is a representative democratic republic with the president as the head of state and head of government. Botswana runs a multi-party political system. Legislative power is in both the Parliament and the government. The Botswana Democratic Party has dominated the party system in the country since the country became independent.

  • 6. Seychellois Rupee

1 USD To 13.89 SCR
1 SCR To 26.54 NGN

Seychellois Rupee is the official currency of Seychelles, divided into 100 cents and call Roupi in their local Creole language

  • 7. Eritrean Nakfa ERN

1 USD To 15.00 ERN
1 ERN To 24.3556 NGN

The Eritrean Nakfa is the currency of Eritrea, an island country of Africa. Former Edo State Governor Adams Oshiomhole’s wife is from here. Their currency is one of the currencies that beats the Naira. The currency is worth 24.3556 Naira. The exchange rate of this currency to the dollar is 15.00 Eritrean Nakfa equals one USD.

The 7th strongest currency in Africa is the Eritrean Nakfa. Eritrea is an island nation in Africa. As stated above, the currency of the country is the Nakfa. The wife of the former governor of Edo state and the current national chairman of the ruling party in Nigeria, the APC in the person of Adams Oshiomhole was born in Eritrea. Eritrea is located in northeast African on the Red Sea coast. It shares borders with countries such as Ethiopia, Sudan, and Djibouti. The capital city of Eritrea is Asmara and is well known for its Italian colonial buildings such as St. Joseph’s Cathedral, as well as art deco structures. Italian, Egyptian, as well as Turkish architecture in Massawa, reflect the port city’s colorful history. Notable buildings in Eritrea include St. Mariam Cathedral and the Imperial Palace.

  • 8. Egyptian Pounds EGP

1 USD To 15.76 EGP
1 EGP To 23.29 NGN

The Egyptian pounds is worth 23.29 Naira. Its exchange rate to the United States dollar is 15.76 Egyptian pounds to 1 USD.

Egypt is a very famous Arab nation that has been in existence since biblical times. Famous for its pyramids, the Egyptian pound which is the currency of this North African country is one of the most valuable on the African continent. Egypt links northeast Africa with the Middle East. Ancient monuments sit along the fertile and famous Nile River Valley, including Giza’s colossal Pyramids and Great Sphinx as well as Luxor’s hieroglyph-lined Karnak Temple and Valley of the Kings tombs. The capital city of Egypt in Cairo. It is home to Ottoman landmarks suck as Muhammad Ali Mosque and the Egyptian Museum, a trove of antiquities.

  • 9. Zambian Kwacha ZMW

1 USD To 18.61 ZMW
1 ZMW To 19.72 NGN

Zambian Kwacha, the currency of Zambia is also one of the highest currencies in Africa. It is worth 19.72 Naira. Ironically, the 1 USD = 18.61 Zambian kwacha.

Zambia is another landlocked country that is located in Southern Africa. Zambia is located in southern Africa and is a landlocked country of rugged terrain and diverse wildlife, featuring many parks and safari areas. Located on the Zambian border with Zimbabwe is the famous Victoria Falls which is locally called Mosi-oa-Tunya, or “Smoke That Thunders” – plunging a misty 108m into narrow Batoka Gorge. Spanning the Zambezi River just below the Victoria Falls is the Victoria Falls Bridge, a spectacular viewpoint.

  • 10. Swazi Lilangeni

1 USD To 18.99 SZL
1 SZL To 19.49 NGN

The official currency of Eswatini is called Lilageni and subdivided into 100 cents

  • 11. Namibian Dollar

1 USD To 19.00 NAD
1 NAD To 24.65 NGN

Since 1993, the Namibian dollar became the official currency of Namibia, with the code NAD.

  • 12. South African Rand ZAR & Lesotho Loti

1 USD To 19.05 ZAR
1 ZAR To 19.25 NGN

The South African Rand is the currency of South Africa. This should have been up the ladder but the currency is gradually losing it value. Currently, one South African Rand is 26.118.98 Naira. Against the dollar, 19.05 South African Rand equals one dollar.

The South African Rand could possibly be up higher on this list than it currently is, but it has progressively lost value over time. South Africa is the second largest economy in Africa currently. The country is located on the southernmost tip of the African continent and is marked by several distinct ecosystems. The Inland safari destination Kruger National Park is well populated by big game. The Western Cape features beaches, lush Winelands around Stellenbosch and Paarl, craggy cliffs around the Cape of Good Hope, forest and lagoons are found along the Garden Route, and in Cape Town, beneath flat-topped Table Mountain.

There you have it on ” Top 10 Highest Currency in Africa in 2020 { Strongest Most Valuable Currency In Africa }”, share thoughts and suggestions with us through the comment box and like us on facebook @ facebook.com/9jaquest or follow us on twitter @ twitter.com/NaijaQuest.Thanks

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