Most powerful African currencies of 2018

Ghanaian Cedi

Ghanaian Cedi

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This has been one of the strongest currencies in Africa this year. In March, it was one of the few currencies that appreciated significantly. One U.S. dollar currently exchanges for 4.79 cedis. Experts have attributed the West African country’s currency position to the country’s democratic ideals and its well-managed economy. Other financial analysts say its position is indicative of growth and macroeconomic stability.