African Currency Coverage
19 African currencies across all major economic regions, plus key trade partner currencies. Each with context about what makes pricing in that market distinct.
East Africa
Home to mobile money innovation and growing regional integration through the EAC.
M-Pesa birthplace. Most liquid East African currency.
Strong mobile money adoption. Growing fintech hub.
Major EAC economy. Significant informal FX market.
Fastest digitizing economy. Ambitious regional hub.
Africa's second largest population. Opening to foreign investment.
West Africa
Africa's largest economy plus the CFA zone creates unique FX dynamics.
Largest African economy. Multiple rate regimes historically.
Active fintech ecosystem. Significant diaspora flows.
EUR-pegged. 8 West African nations. Unique stability profile.
Southern Africa
The continent's most industrialized region with the Rand as regional anchor.
Africa's most traded currency. Regional reserve currency.
Copper economy. Mining sector FX flows dominant.
Historically stable. Diamond-backed economy.
Gas development driving investment flows.
Agricultural economy. Aid flows significant.
Pegged to ZAR. CMA member.
Pegged to ZAR. CMA member.
North Africa
Major economies with distinct FX regimes and Mediterranean trade ties.
Largest North African economy. Major reforms since 2016.
Managed float. Strong European trade ties.
Oil economy. Limited convertibility.
Managed regime. Tourism and manufacturing economy.
Central Africa
Resource-rich region with the CFA zone and significant mining corridors.
Mining flows dominate. High dollarization.
EUR-pegged. 6 Central African nations.
Oil economy. Recent currency reforms.
Key Trade Partner Currencies
African trade doesn't happen in isolation. These currencies represent major settlement destinations for African commerce.
Dubai as African trade hub. Major remittance corridor.
East African diaspora. Growing trade ties.
Africa's largest trade partner. Belt & Road flows.
Historical trade ties. CFA zone anchor.
Commonwealth ties. London as clearing center.
Why Currency Context Matters
A currency code tells you nothing about market dynamics. The Nigerian Naira has had multiple rate regimes. The CFA Francs are EUR-pegged but with different central banks. The Congolese Franc trades alongside widespread USD dollarization.
Understanding these contexts isn't academic—it's practical. A payment system that treats NGN like GBP will break. A lending protocol that assumes CDF liquidity will fail.
AFXO is built with this contextual understanding. We don't just aggregate rates—we understand what those rates represent in each market.
Need Technical Details?
Full technical specifications, API integration guides, and contract addresses are available on afxo.ai.