Contents
- Executive Summary
- Angolan Kwanza (AOA)
- Egyptian Pound (EGP)
- Ethiopian Birr (ETB)
- Nigerian Naira (NGN)
- Ghanaian Cedi (GHS)
- Kenyan Shilling (KES)
- Moroccan Dirham (MAD)
- Rwandan Franc (RWF)
- Ugandan Shilling (UGX)
- South African Rand (ZAR)
- CFA Franc (WAMU & CEMAC regions)
Stears Expanded Exchange Rate Forecasts Report
The Stears Exchange Rate Forecasts offer an enhanced dataset to support exchange rate (FX) assumptions in valuations, due diligence, and deal evaluation. Our latest update extends forecasts through 2031, adds quarterly projections for 2025, and now covers 24 African countries, equipping investors and corporate teams with sharper tools for strategic planning and short-term decision-making.
Executive Summary
African currency markets are navigating a complex and evolving global environment. Still, currency risks remain nuanced across the continent. As global uncertainty has grown, understanding these risks becomes increasingly critical. In recent months, heightened trade tensions among major economies, including the US, European Union, and China (which jointly account for over 20% of global trade), and elevated
