Top 10 weakest currencies in Africa

There are 54 countries in Africa with a population of more than 800 million people.  Understanding the weakest currencies in Africa may give insight into implemented investment strategies in Africa. Because economic growth in Africa was significantly massive in recent years.

Refers to the FXOpen blog, there are 10 top weakest currencies in Africa, here are the following:

• 1. Sierra Leonian Leone (SLL), exchange rate 1 SLL = 0.00004 USD.
• 2. Guinean Franc (GNF)Exchange rate: 1 GNF = 0.00011 USD
• 3. Malagasy Ariary (MGA) Madagascar currency. Exchange rate: 1 MGA = 0.00022 USD
• 4. Ugandan Shilling (UGX) Uganda, Exchange rate: 1 UGX = 0.00026 USD
• 5. Burundian Franc (BIF)Burundi, Exchange rate: 1 BIF = 0.00035 USD
• 6. Congolese Franc (CDF)Democratic Republic of Congo, Exchange rate: 1 CDF = 0.00038 USD
• 7. Tanzania Shilling (TZS) Tanzania, Exchange rate: 1 TZS = 0.00040 USD
• 8. Rwandan Franc (RWF)Rwanda, Exchange rate: 1 RWF = 0.00080 USD
• 9. Malawian Kwacha (MWK)Malawi, Exchange rate: 1 MWK = 0.00088 USD
• 10. Angolan Kwanza (AOA) Angola, Exchange rate: 1 AOA = 0.0012 USD
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• Various factors influence the weakness of the African country's currency, you can visit the FXOpen blog to read the complete article on the weakest currency in Africa.

  Some of these factors that bring about weakness of curency are,war ,bad economic setting,lack of effective planning to manage the currency and so on and so forth.

  Example as a newbie trying to start forex trading,how did the being weakness of some countries currency may affected me ;does that signify that if the country's currency is weak no exvhange or i can manage on some condition. good insights.

  Some of these factors that bring about weakness of curency are,war ,bad economic setting,lack of effective planning to manage the currency and so on and so forth.

  Example as a newbie trying to start forex trading,how did the being weakness of some countries currency may affected me ;does that signify that if the country's currency is weak no exvhange or i can manage on some condition. good insights.

Weak currency affects to liquidity, the investor is usually willing to invest in a region with good economic growth for profit, weak currencies also indicate economic condition is less good and less attracted to investing in the region. A weak currency of course affects liquidity, and it is possible that investors will be less interested in investing in the region because economic conditions are still below standard, so it is considered less profitable.

Yes indeed if affects a lot of things and investors are always vary of such things to be honest they take things very seriously always and make sure that they try their best indeed to make sure that they are trying their best to put their money in growth projected currencies that can help them have gains from the market which is certainly not possible with weak currencies to be honest actually indeed .

1. Iranian Rial (IRR) - The Iranian Rial is the weakest currency in Africa due to economic sanctions and political instability.

2. Guinean Franc (GNF) - The Guinean Franc suffers from high inflation and a weak economy.

3. Sierra Leonean Leone (SLL) - Sierra Leone's currency is weak due to economic challenges and political instability.

4. Congolese Franc (CDF) - The Congolese Franc is affected by political instability and a struggling economy.

5. Malagasy Ariary (MGA) - Madagascar's currency is weak due to economic challenges and political instability.

6. Burundian Franc (BIF) - Burundi's currency is weak due to political instability and a struggling economy.

7. Somali Shilling (SOS) - Somalia's currency is weak due to ongoing conflict and a lack of economic stability.

8. Liberian Dollar (LRD) - Liberia's currency is weak due to economic challenges and political instability.

9. Sudanese Pound (SDG) - The Sudanese Pound is affected by political instability and economic challenges.

10. Mozambican Metical (MZN) - Mozambique's currency is weak due to economic challenges and political instability.

1. Iranian Rial (IRR) - The Iranian Rial is the weakest currency in Africa, with an exchange rate of approximately 42,000 IRR to 1 USD.

2. Guinean Franc (GNF) - The Guinean Franc is another weak currency, with an exchange rate of around 9,000 GNF to 1 USD.

3. Sierra Leonean Leone (SLL) - The Sierra Leonean Leone has an exchange rate of about 10,000 SLL to 1 USD, making it one of the weakest currencies in Africa.

4. Uzbekistani Som (UZS) - The Uzbekistani Som has an exchange rate of around 10,000 UZS to 1 USD, making it one of the weakest currencies in Africa.

5. Paraguayan Guarani (PYG) - The Paraguayan Guarani has an exchange rate of approximately 6,000 PYG to 1 USD, making it one of the weakest currencies in Africa.

6. Laotian Kip (LAK) - The Laotian Kip has an exchange rate of about 9,000 LAK to 1 USD, making it one of the weakest currencies in Africa.

7. Indonesian Rupiah (IDR) - The Indonesian Rupiah has an exchange rate of around 14,000 IDR to 1 USD, making it one of the weakest currencies in Africa.

8. Vietnamese Dong (VND) - The Vietnamese Dong has an exchange rate of approximately 23,000 VND to 1 USD, making it one of the weakest currencies in Africa.

9. Paraguayan Guarani (PYG) - The Paraguayan Guarani has an exchange rate of about 6,000 PYG to 1 USD, making it one of the weakest currencies in Africa.

10. Cambodian Riel (KHR) - The Cambodian Riel has an exchange rate of around 4,000 KHR to 1 USD, making it one of the weakest currencies in Africa.