In October 2025, a couple of African currencies demonstrated resilience against the US dollar, defying the broader trend of depreciation observed across much of the continent.
The month saw a mix of steady and strengthening performances across African currencies, led by stable regimes like Eritrea’s and recovering units such as Liberia’s and Uganda’s.
The data sourced from Investing.com and Trading Economics was compiled and analyzed by the Nairametrics Research team.
Despite global currency pressures, several African currencies, including the Liberian dollar, Ugandan shilling and Zambian Kwacha, posted slight appreciation in October 2025.
The best-performing African currencies in October 2025 were those backed by disciplined monetary policy, limited external exposure, and steady foreign exchange reserves, the key indicators of resilience in a period marked by global economic uncertainty.
Best performing African currency in October against the US dollars.
The Mozambican Metical (MZN) appreciated slightly by 0.45% against the US dollar in October, strengthening from 63.91 MZN/$ to 63.62 MZN/$ at the end of the month. This marginal gain reflects a continuation of Mozambique’s relative currency stability, supported by prudent monetary policy and stable external inflows.
In 2025, the Metical’s resilience has been supported by robust foreign exchange reserves, steady agricultural and natural gas exports, and cautious policy management by the Bank of Mozambique. The country’s steady progress in liquefied natural gas (LNG) projects has helped sustain investor confidence and foreign investment inflows.
The metical’s modest October appreciation highlights Mozambique’s policy coordination and stable external environment.
