The prevalence of economic uncertainty, high inflation, high debt profile and high interest rate is responsible for the weak state of most African currencies.
African currencies perform below expectation when compared with other currencies of the world and exchange rates are pretty low.
So if you live in a nation where the cost of things goes up by the day, then you should know that your currency is weak.Â
You see many of the African countries with weak currencies have been plagued by an almost endless military rule (Guinea), or a long winding civil war (Sierra Leone).
Some others have pronounced insecurity, (Nigeria), and a very corrupt democratic government (Uganda).
Have You Read: See World Weakest Currencies Right Now
What Does It Mean To Have Weak Currency On Exchange Platforms
Exchange rates show how valuable a currency is in relation to other currencies.
The strength of a country’s exchange rate, particularly when compared to the dollar, emphasizes its impact on international commerce.
A weak exchange rate refers to a situation where a country’s currency has depreciated in value relative to other major currencies.
It can be influenced by various factors, including market forces, economic indicators, investor sentiment, and government policies.
A weak exchange rate poses great challenge to a country’s economy, affecting various sectors and the overall financial stability. Many African currencies have poor values
Below is a list of some of the weakest currencies on the African continent when compared against the USD.
You May Also Like: See List Of Countries Using Dollar Currencies
33 Weakest Currencies In Africa
| Rank | Country | Exchange Rate | Location |
| 1 | Sao Tome & Principe Dobra | Â 1 USD = 22,823.990504 STD | Central Africa |
| 2 | Sierra Leonean Leone | 1USD is Le 19,750.00 SLL | West Africa |
| 3 | Guinea-Bissau | 1USD is 9,953.00 GNF | West Africa |
| 4 | Malagasy Ariary | 1USD is AR3,735.00 | East Africa |
| 5 | Ugandan Shilling | 1USD is USh 3,778.85 | East Africa |
| 6 | Tanzanian Shilling | 1USD is TSh2319.26 | East Africa |
| 7 | Burundi Franc | 1USD is FBu 2,819 | East Africa |
| 8 | Rwandan Franc | 1USD is RF 1127.05 | East Africa |
| 9 | Malawian Kwacha | 1USD is K1,025.42 | East Africa |
| 10 | Somali Shilling | 1USD is 568 SOS | East Africa |
| 11 | Cape Verde | 1USD is 539.77Central African CFA franc | West Africa |
| 12 | Burkina Faso West African CFA franc | 1USD is CFA541 | West Africa |
| 13 | Cote d’Ivoire | 1USD is 540.957 CFA Francs | West Africa |
| 14 | Togo | 1USD is 540.957 CFA Franc | West Africa |
| 15 | Benin Republic | 1USD is 540.957 CFA Francs | West Africa |
| 16 | Gabon | 1USD is 539.77 Central African CFA franc | Central Africa |
| 17 | Mali CFA | 1USD is XOF541.00 | West Africa |
| 18 | Niger CFA | 1USD is XOF541 | West Africa |
| 19 | Senegal CFA | 1 USD is XOF541 | West Africa |
| 20 | Cameroon’s West African CFA francs | 1USD is 538.724 XAF | Central Africa |
| 21 | Comoros | 1USD is 406.55 Comorian franc | Southeast Africa |
| 22 | Nigerian Naira | 1 USD is NGN437.68 | West Africa |
| 23 | Zimbabwean Dollar | 1USD is K361.9 ZWD | Southern Africa |
| 24 | Angolan Kwanza | 1 USD = 565.00 AOA | Central Africa |
| 25 | Malian Franc | 1 USD = 614.28 XOF | West Africa |
| 26 | Liberian Dollar | 1 USD = 169.12 LRD | West Africa |
| 27 | Djiboutian Franc | 1 USD = 177.88 DJF | East Africa |
| 28 | South Sudanese Pound | 1 USD = 130.26 SSP | East Africa |
| 29 | Kenyan Shilling | 1 USD = 138.65 Ksh. | East Africa |
| 30 | Algerian Dinar | 1 USD = 137 Algerian Dinars | North Africa |
| 31 | Cape Verdean escudo | 1 USD = 104.08 CVE | West Africa |
| 32 | Mozambican metical | 1 USD = 63.84 MZN | East Africa |
| 33 | Gambian dalasi | 1 USD = 61.15 GMD | West Africa |
