Best performing African currencies in October 2026
African currencies mostly weakened against the U.S. dollar in October 2026, with only nine of the 54 country-level entries examined recording gains during the month. The post Best performing African currencies in October 2026 appeared first on Nairametrics .
In October 2026, African currencies experienced a mixed performance against the U.S. dollar, with only nine out of 54 countries gaining value. Sierra Leone's Leone emerged as the top-performing currency, surging by 3.14% to 23,351 SLE/$ against the USD, moving it from eighth place in September to the top position in October. Following closely were the Seychellois Rupee (1.89%) and Mauritius Rupee (1.01%), which recorded appreciations of 1.89% and 1.01% respectively.
The Botswana Pula and Ghanaian Cedi also showed gains of 0.87% and 0.60% respectively, marking a turnaround from September's depreciation in both cases. The Somali Shilling, Mozambican Metical, and Ethiopian Birr each appreciated by 0.02%, 0.06%, and 0.13% respectively, showing the smallest gains among the nine currencies that appreciated.
Six currencies maintained their value against the USD in October, including the Sudanese Pound, Tanzanian Shilling, Malawian Kwacha, Djiboutian Franc, Angolan Kwanza, and Eritrean Nakfa. Conversely, the Ugandan Shilling suffered the most significant depreciation at 8.67%, followed by the Egyptian Pound (7.89%) and Malagasy Ariary (3.40%). Notably, the Nigerian Naira weakened by 1.24%.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
