Africa has a number of economies that are growing rapidly, and with that, so is the strength of their currencies. As a continent, Africa’s economy is extremely diverse and being a resource-rich continent has enabled many African countries to lead the way in various industries, putting them on the global map and maintaining strong exchange rates against the US dollar in comparison.
Africa’s strongest currency is the Tunisian Dinar (TND), which is currently equivalent to £0.25 and $0.32. In contrast, some of the weaker African currencies include the Sierra Leonean Leone (SLL), where 1 SLL is worth just $0.00004 and £0.00003, and the Guinean Franc (GNF), with 1 GNF equaling $0.00011 and £0.00009. Despite facing economic challenges in the region, Tunisia’s currency remains robust due to a diverse economy that relies on oil, phosphates, agri-food products and car parts.
Tourism also plays a major role and the beautiful destination hit a record number of 10 million international visitors last year and is recognised as one of Africa’s most visited countries.
The dinar was first introduced in 1960. The currency replaced the franc at a rate of 1000 francs, equaling one dinar. Tunisia has historically had low inflation. However, due to its robust trade ties, controlled foreign exchange policies and stable economy, the government have been able to prevent excessive currency fluctuations, reports Business Empires Africa.
The country’s trade isn’t the only industry that has strong connections with Europe. UK holidaymakers and tourists from France, Germany and Italy are the visitors who make up Tunisia’s traditional international markets when it comes to tourism.
There are many things that draw travellers to this beautiful country. Its stunning golden beaches, incredible landmarks, a blend of culture and sunny weather.
Between May and October, the temperature averages between 27C and 35C, meaning tourists have many points throughout the year where they can really soak up the sunshine and the country’s long coastlines, perfect for sunbathing and swimming.
However, before making any travel plans, it’s important to check the travel advice issued by FCDO. Currently, the governmental body advises against all travel to certain parts of the country, including the Chaambi Mountains National Park and the designated military operations zones – Mount Salloum, Mount Sammamma and Mount Mghila.
Though many areas are fine for Brits to travel to, providing holidaymakers follow FCDO’s travel advice.
Africa’s 10 Strongest Currencies – Full List
- Tunisian Dinar (TND)
- Libyan Dinar (LYD)
- Moroccan Dirham (MAD)
- Botswana Pula (BWP)
- Seychellois Rupee (SCR)
- Ghanian Cedi (GHS)
- Eritrean Nakfa (ERN)
- South African Rand (ZAR)
- Namibian Dollar (NAD)
- Lesotho Loti (LSL)