Top 5 Strongest West African Currencies You Should Know.2 min read

0
1038
Before taking a look at the top five strongest currencies in West Africa, it may be worth noting that as of 1st January 2017, the strongest currency in Africa was the Libyan Dinar. However, despite the conflict Libya had gone through, the country has managed to keep its currency stable and at the peak making the Dinar the most valuable and strongest currency in the continent. As of the time this post was published, the exchange rate was about 1.4116 Libyan Dinars to a Dollar.


Focusing on West Africa, factors such as inflation and unrealistic government monetary policies has led to massive fluctuation in the unit of monetary value to dollar across the region. This article takes a concise look at the top five (5) strongest currencies within the West African region.


West African Countries
Currency
Current Rate to a  Dollar($) 2017
Benin
West African CFA Franc
1 (WA) CFA =0.0018USD
Burkina Faso
West African CFA Franc
1 (WA) CFA =0.0018USD
Equatorial Guinea
West African CFA Franc
1 (WA) CFA =0.0018USD
Gambia
Dalasi
1 Dalasi = 0.021 USD
Ghana
Ghanaian Cedi
1 Cedi = 0.23 USD
Guinea
Guinean Franc
1 Guinean Franc = 0.00011 USD
Guinea Bissau
West African CFA Franc
1 (WA) CFA =0.0018USD
Ivory Coast
West African CFA Franc
1 (WA) CFA =0.0018USD
Liberia
Liberian Dollar
1 Liberian Dollar = 0.0085 USD
Mauritania
Ouguiya
1 Ouguiya = 0.0027 USD
Nigeria
Naira
1 Naira = 0.0028 USD
Sao Tome and Principe
Dobra
1 Dobra = 0.000048 USD
Senegal
West African CFA Franc
1 (WA) CFA =0.0018USD
Togo
West African CFA Franc
1 (WA) CFA =0.0018USD
Therefore from the above table, let’s filter out the top five strongest currency in West Africa.

The Ghanaian Cedi top the list of the strongest currency in West Africa and therefore occupies the number one (1) position. Four (4) Ghanaian Cedi is equivalent to one (1) dollar.

One Ghanaian Cedi 
Check this out  Cape Verde The Island of Green.

The Gambian Dalasi occupies the second spot on the top 5 strongest currencies in West Africa. Approximately 48 Gambian Dalasi is equivalent to a dollar.


The Liberian Dollar takes the third position on the list of West African strongest currencies. 118 Liberian dollar is equivalent ti one (1) USD.

Occupying the fourth position is the Nigerian Naira. About 360 Naira is equivalent to one USD.

The Mauritanian Ouguiya occupies the 5th position on the top 5 strongest West African Currencies. About 371 Ouguiya is equivalent to one (1) USD.

The weakest currency in West Africa is obviously the Sao Tome and Principe Dobra which as an exchange rate of about 20833 Dobra to 1 Dollar.