Section
Currencies & Forex
The CFA franc, the naira, the rand, the cedi and the shilling — rates, the decisions behind them, and what a move means for anyone importing, exporting or investing across a border.
The numbers
| Pair | Rate | Change | % | Source |
|---|---|---|---|---|
| XAF/USD | 612.40 | up +2.10 | +0.34% | BEAC |
| XOF/USD | 612.40 | up +2.10 | +0.34% | BCEAO |
| NGN/USD | 1,590 | down -12 | -0.75% | CBN |
| ZAR/USD | 18.42 | down -0.08 | -0.43% | SARB |
| GHS/USD | 15.80 | up +0.12 | +0.76% | BOG |
| KES/USD | 129.40 | down -0.60 | -0.46% | CBK |
| ETB/USD | 57.80 | up +0.40 | +0.69% | NBE |
| TZS/USD | 2,680 | up +10 | +0.37% | BoT |
Analysis
Currencies & Forex
BEAC Rate Decision: What Central Africa's Monetary Policy Means for Borrowing, Investment and the FCFA
The Bank of Central African States sets monetary policy for six CEMAC nations. Its decisions reach corporate borrowing costs, government financing and the investment climate across a region of roughly 55 million people.
Currencies & Forex
The Nigerian Naira at 1,590: Currency Depreciation, Inflation and What Investors Need to Know
The naira has depreciated substantially since the June 2023 liberalisation. At roughly 1,590 to the dollar, the trajectory matters for anyone doing business in or with Africa's largest economy.