In October 2025, a few African currencies demonstrated resilience in opposition to the US greenback, defying the broader pattern of depreciation noticed throughout a lot of the continent.
The month noticed a mixture of regular and strengthening performances throughout African currencies, led by secure regimes like Eritrea’s and recovering items equivalent to Liberia’s and Uganda’s.
The info sourced from Investing.com and Buying and selling Economics was compiled and analyzed by the Nairametrics Analysis group.
Regardless of world foreign money pressures, a number of African currencies, together with the Liberian greenback, Ugandan shilling and Zambian Kwacha, posted slight appreciation in October 2025.
The most effective-performing African currencies in October 2025 had been these backed by disciplined financial coverage, restricted exterior publicity, and regular overseas trade reserves, the important thing indicators of resilience in a interval marked by world financial uncertainty.
Finest performing African foreign money in October in opposition to the US {dollars}.
The Eritrean Nakfa (ERN) remained unchanged in opposition to the US greenback in October, sustaining a gradual trade charge of 15.00 ERN/$, the identical stage recorded by the tip of September. This displays that Eritrea’s trade charge regime is well-managed. The worth of the foreign money is formally pegged to the greenback with much less fluctuation within the open market.
The Bank of Eritrea maintains agency oversight of the trade market, prioritized stability over flexibility. However, this managed stability comes with constraints, together with persistent overseas foreign money shortages, restricted personal sector entry to arduous foreign money, and a parallel market the place charges are usually increased than the official peg.
The Nakfa’s unchanged trade charge in October displays Eritrea’s policy-driven foreign money stability fairly than market-based power.