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Foreign exchange market: African currencies down against the US dollar

28/06/2021
Categories: Index/Markets

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The SANUSI 18 index managed by the Infinity Crew is a basket of 18 African currencies. The value of the SANUSI 18 Currency Index depreciated by 0.15% against the US Dollar during the week of June 18-25, 2021.

The value of the Ghanaian Cedi, South African Rand, Botswana Pula, Angolan Kwanza, Ethiopian Birr, Algerian Dinar and Egyptian Pound depreciated against the US dollar during the week of 18-25 June 2021. In contrast, the Sierra Leonean leone, Liberian dollar, CFA franc, Cape Verdean escudo, Central African CFA franc, Tanzanian shilling, Moroccan dirham, Gambian dalasi, Kenyan shilling and Nigerian naira appreciated against the US currency. The same is true of the Guinean franc, which remained stable.

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