The 5 worst-performing currencies in Africa in 2019 - and how much they have lost in value versus the US dollar

The 5 worst-performing currencies in Africa in 2019 -  and how much they have lost in value versus the US dollar

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• Liberian dollar has weakened by 23.7%% versus the US dollar so far in 2019.
• Around the world, Venezuelan Bolivar dropped by almost 100%% against the US dollar.
• Over the last five years, Sudanese Pound weakened 87.4%% in value against the dollar while Angola Kwanza, Egyptian Pound, Liberian Dollar, and Nigerian Naira lost 73.3%%, 56.3%%, 55.3%%, and 55.2%% respectively.

               
           
               
                   

In Africa, the Liberian dollar is the worst currency so far in 2019, dropping 23.7% of its value against the US dollar in the forex market.

               
           
               
                   

Charlie Bilello, a prominent US investor and Director of Research at Pension Partners LLC, recently released this in a tweet. Bilello via @charliebilello compile data on currency economic issues including stock market report, foreign exchange, crude oil analysis, and others.

               
           
               
                   

Angolan Kwanza followed the Liberian local currency, shedding 15.6% of its value while the Ghanaian Cedi lost 10.9% in value against the dollar this year.

               
           
               
                   

Across the world, Venezuelan Bolivar has dropped by almost 100% against the US dollar this year alone.

               
           
               
                   

                 

               

               
           
               
                   

Over the last five years, Sudanese Pound weakened 87.4% in value against the dollar while Angola Kwanza, Egyptian Pound, Liberian Dollar, and Nigerian Naira lost 73.3%, 56.3%, 55.3%, and 55.2% respectively.

               
           
               
                   

                 

               

               
           
               
                   

Here are the 5 worst performing African currencies in 2019:

               
           
               
                   

• Liberian Dollar (LSD) 31.9%%
• Angola Kwanza (AOA) 15.6%%
• Ghanaian Cedi (GHS) 10.9%%
• Sierra Leonean Leone (SLL) 10.1%%
• Mauritian Rupee (MUR) 5.2%%.

Source: The 5 worst-performing currencies in Africa in 2019 -  and how much they have lost in value versus the US dollar

- gist culled from pulseng

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