Among the different national Currencies in Africa this region the notable are two, the West African CFA franc, used in 8 independent countries, and the Central African CFA franc, used in 6 other nations. Their relative stability is guaranteed by means of the fixed exchange rate, currently both are pegged to the Euro.The only local currency ranked among the most-traded in the international forex market, is the Currencies in African rand, which is placed at the end of Africa.