Top 10 Weakest Currencies In Africa,Number 2 Will Shock You
Most countries in East Africa have just passed their 2018/19 financial year budgets. Mbarara News has compiled a report of the top 10 weakest currencies in Africa.
Results of of the survey show that apart from the Kenya shilling, East African currencies are in the top five weakest currencies on the continent.
The Uganda shilling is the second weakest currency in Africa and at round 3800shs to the dollar the Ugandan legal tender is only better than the Guinean franc which stands 9000 to the dollar.
Most currencies are often measured against the American Dollar because the American Dollar is used as a standard measurement is because of its vast global use where a large percentage of nations accept US Dollars for payments.
Here is the top 10 weakest currencies in Africa 2018.
It’s worth noting that the strength of a currency is closely related with the economy of the country, along with other factors.
Weakest Currencies in Africa 2018
No. African Currency Value to USD
1. Guinea Franc 9026.87671
2. Uganda Shilling 3835.55890
3. Tanzanian Shilling 2245.46679
4. Burundi Franc 1758.12121
5. Rwanda Franc 853.12827
6. Malawi Kwacha 725.43694
7. Somali Shilling 578.24017
8. CFA BCEAO Franc 544.83748
9. Nigerian Naira 360.07490
10. Djibouti Franc 178.80713