As of November 13, 2024, the exchange rate for the Chinese Yuan (CNY) against several African currencies shows varied rates:
- South African Rand (ZAR): 1 CNY is approximately 2.50 ZAR. The exchange rate has shown minor fluctuations over the past few weeks, hovering between 2.48 and 2.50 ZAR
- Nigerian Naira (NGN): 1 CNY is roughly 108 NGN. Nigeria’s currency continues to face depreciation pressures, influenced by economic conditions
- Ghanaian Cedi (GHS): The rate is approximately 1.65 GHS per 1 CNY. The Cedi, like many other African currencies, has faced challenges due to global economic impacts
- Egyptian Pound (EGP): The exchange rate stands at about 4.27 EGP for 1 CNY. The Egyptian Pound has experienced depreciation over the past year, reflecting broader economic difficulties
- Kenyan Shilling (KES): 1 CNY is around 20.4 KES. The Kenyan Shilling has been under pressure due to rising import costs and inflation
- Tanzanian Shilling (TZS): The rate for 1 CNY is approximately 349 TZS. Tanzania’s currency has shown resilience despite economic headwinds, though the general trend is a gradual weakening against major currencies.
- Ugandan Shilling (UGX): 1 CNY equals about 525 UGX. The Ugandan Shilling has shown stability but is susceptible to fluctuations influenced by regional trade and foreign exchange reserves.
- Zambian Kwacha (ZMW): The exchange rate is around 2.34 ZMW for 1 CNY. Zambia has been dealing with significant currency shifts due to economic reform and debt restructuring.
- Moroccan Dirham (MAD): 1 CNY is approximately 1.44 MAD. Morocco’s relatively stable economy helps maintain a consistent exchange rate.
- Algerian Dinar (DZD): The rate is about 19.2 DZD per 1 CNY, reflecting stability aided by the country’s oil revenues.
- West African CFA Franc (XOF): The exchange rate for 1 CNY is roughly 86 XOF, a currency used by several West African nations. The CFA Franc’s peg to the Euro provides some stability but also constraints due to broader Eurozone trends.
- Central African CFA Franc (XAF): Similar to the XOF, 1 CNY exchanges for approximately 86 XAF, which impacts nations in Central Africa.
These exchange rates reflect prevailing conditions as of today but may be subject to rapid changes based on economic shifts, geopolitical developments, and monetary policies. For precise, real-time rates, consult financial institutions or currency exchange platforms.
