African currencies refer to the various monetary units used across the continent's 54 countries. Each nation typically has its own currency, such as the Nigerian Naira, South African Rand, and Kenyan Shilling. These currencies are essential for trade, investment, and daily transactions within their respective countries. The value of African currencies can fluctuate due to factors like inflation, economic stability, and global market trends. Some countries, like Zimbabwe, have experienced hyperinflation, leading to significant changes in their currency systems. Understanding these currencies is crucial for anyone engaging in business or travel within Africa.