Currency exchange rates fluctuate and show how different economic and geopolitical forces interact. For companies involved in international commerce, individuals planning overseas travel, and governments developing economic plans, understanding exchange rates and their effects is crucial.
A lot of African currencies have poor values; below are ten of them. This list is courtesy of Trading Economics daily currency indicators. The indicator is updated to reflect the latest currency exchange rates for countries across the globe.
The Trading Economics platform, (a platform that provides economics’ indicators for 196 countries and historical/delayed/live quotes for exchange rates, stocks, indexes, bonds and commodity prices), features a total of 43 countries in its currency exchange rate indicator, leaving out 11. The currency rates below reflects rates as of 18th of July, 2023.
Source: africa.businessinsider.com