Why African FX Demands Different Infrastructure
African currency markets combine high volatility, fragmented data sources, and unique market structures that global FX infrastructure wasn't built to handle. AFXO provides the intelligence layer these markets demand.
From economic risk scoring to real-time market data—purpose-built for Africa's 23-currency landscape.
Where Global FX Data Falls Short
Standard FX providers treat African currencies as afterthoughts—if they cover them at all. The result is data that misses volatility, ignores multi-rate regimes, and fails to capture market realities.
Economic Volatility & Policy Risk
NGN devalued 40% in 2023. Ethiopia floated ETB after decades of controls. KES faces election-cycle swings. African currencies require real-time risk intelligence—not just static rates.
Data Fragmentation & Opacity
Central bank rates don't reflect market reality. Street rates vary by location. Offshore rates differ from onshore. African FX requires multi-source aggregation—not single feeds.
Market Structure Complexity
Thin interbank markets, wide bid-ask spreads, limited hedging instruments. Mobile money rails process more volume than banks. Generic global data doesn't capture this reality.
Multi-Rate Regimes
Official rates, parallel market rates, mobile money rates—all active simultaneously. The gap between them is where pricing breaks and settlement fails.
Critical Currency Corridors
African trade and remittance flows follow specific corridors—where economic activity concentrates, and where data accuracy matters most for pricing, risk management, and settlement.
Continental Coverage
23 African currencies across all major economic regions. Part of AFXO's global 50+ currency coverage including LatAm, Asia, and G10.
Mobile Money Defines African FX Markets
In Kenya, M-Pesa processes more transactions than banks. In Ghana, mobile money accounts outnumber bank accounts 3:1. This isn't a payment method—it's the primary market infrastructure, creating unique FX dynamics that traditional data sources miss entirely.
AFXO tracks mobile money exchange rates as primary market data—not alternative rates. This is where real economic activity happens.
Technical DocumentationMobile Money Market Share
Adult population with active mobile money accounts
Economic Intelligence for African Currencies
Every AFXO feed includes economic intelligence signals: inflation trends, central bank policy changes, parallel market divergence, and liquidity stress indicators. Not just rates—context.
From Nigeria's managed float to Egypt's multiple rate regimes, African FX requires understanding the macro context behind the numbers.
Explore Economic IntelligenceIntelligence Signals by Currency
Real-time intelligence signals included with authenticated API access
Who Uses AFXO in Africa
From fintechs building cross-border payment products to institutions managing FX risk across African operations.
Treasury & Risk Management
Multinational corporations, NGOs, and financial institutions managing multi-currency African exposure. Real-time intelligence for hedging and risk.
View use cases →Fintechs & Payment Networks
Building cross-border payment products. Need reliable FX data AND economic intelligence for dynamic pricing and risk controls.
View use cases →Remittance Providers
Processing diaspora flows into African markets. Pricing accuracy and parallel market awareness impact margins and compliance.
View use cases →DeFi & Stablecoin Protocols
Building stablecoins, lending, or DEXs for African markets. On-chain FX data with confidence scoring that existing oracles don't provide.
View use cases →Powered By
AFXO is live on Avalanche C-Chain as our canonical source of truth. Base, Arbitrum, Celo, and Solana coming soon. Sub-second finality, low fees, and enterprise-grade infrastructure for institutional FX data delivery across African markets.
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Technical documentation, API access, and pricing are available on our global platform. Start with our sandbox tier—no commitment required.
Commercial access via afxo.ai pricing plans