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 Egyptian Pound (EGP) appreciated marginally by 1.3% against the US dollar in October, strengthening from 47.85 EGP/$ to 47.24 EGP/$ at the end of the month. This marginal gain reflects cautious stability in Egypt’s foreign exchange market following months of policy tightening and external financing support.
In 2025, the pound’s movement has been shaped by the government’s ongoing economic reform program under the International Monetary Fund (IMF) Extended Fund Facility (EFF), aimed at restoring macroeconomic balance and improving investor confidence. The Central Bank of Egypt (CBE) has allowed more exchange rate flexibility while maintaining tight monetary control to curb inflation. Increased foreign direct investment (FDI) inflows, and receipts from stronger tourism have supported the currency.
The Egyptian pound’s marginal appreciation in October indicates gradual stabilization supported by progressive reform and external inflows. However, sustained exchange rate stability will depend on consistent policy execution, inflation control, and improved export competitiveness.
