Get to know ,ost stable currencies in Africa

Africa is third largest continent in the world after Asia and America, there are about 54 countries in this continent with different economic level. Learning the most stable currencies in Africa could be important for investors who want to invest in the region to minimize the currency risk.

There are eight most stable currencies in Africa according to the FXOpen blog. Here the summary:

1. Tunisian Dinar (TND), Exchange rate: 1 TND = 0.3179 USD.Tunisia

2. Libyan Dinar (LYD), Exchange rate: 1 LYD = 0.2055 USD.Libya

3. Moroccan Dirham (MAD), Exchange rate: 1 MAD = 0.0979 USD.Morocco.

4. Ghanaian Cedi (GHS), Exchange rate: 1 GHS = 0.0841 USD. Ghana

5. Botswana Pula (BWP), Exchange rate: 1 BWP = 0.0736 USD. Botswana

6. Seychellois Rupee (SCR), Exchange rate: 1 SCR = 0.0686 USD. Seychelles.

7. Eritrean Nakfa (ERN), Exchange rate: 1 ERN = 0.0666 USD.  Eritrea.

8. South African Rand (ZAR), Exchange rate: 1 ZAR = 0.0534 USD. South African

Those are the eight most stable currencies in Africa. Each currency has reasons that may vary, especially related to the economy of the country that uses that currency. For investors, it is important for those who want to invest in the region to understand that the risks are minimal.

 While bitcoin is the most dominated in the africa generally but the stable coins di also recieve some amount of the popularity.

Yellow card is the largest and first licensed stable coin in the Africa,operating across twenty countries.

 Other stable couns like killer crypto among others couse very posive progress in the African transactions.

Research the web.