As a frontier market, the countries of Africa represent both tremendous opportunities and tremendous risks. On the risk side of the ledger are all the usual complications of international trade and investment compounded by the problems inherent in a developing, emergent continental market consisting of 54 countries and 1.1 billion people – it’s a lot to keep track of.

Luckily, the ups and downs of the African currency markets aren’t one of them if you know where to look. To help with that, AFK Insider has compiled all the news you need to know now in order to slim down your currency risk in the week ahead. Let’s see what’s happening out there.

Travelling To Africa

The currency rout across African markets that began in the last quarter of 2014 after the US started a quantitative easing program that helped the dollar strengthen globally amid commodity price fall has made it cheaper for US tourists to visit the continent.

All African currencies have depreciated so far this year according to Bloomberg data and traders say this is likely to get worse if the Greece NO vote at the referendum on July 5 get contagion and affect the whole Euro Zone, Africa’s largest export market.

“Wherever you care to look, our currencies are falling off a cliff and are in free fall,” Aly Khan Satchu, a Nairobi-based financial analyst said a column published by The Star. “Last time I checked the only currency in Africa that had appreciated in 2015 against the dollar was the Malawi kwacha.”

American tourists are counting their fortunes as their local expenses for drinks, food and souvenirs become cheaper and cheaper at the expenses of the locals who are struggling with rising prices.

Weakening Rand

In South Africa, one of the continent’s best tourist destination in Africa with over 9 million visitors every year, the rand has plunged against the dollar this year, extending a slide that started as far back as 2013.

While most sectors of the South African economy are struggling, tourism has stood out as a rare bright spot, as the weaker rand makes it cheaper for visitors, mostly from the US, to come and soak up the African sun.

Tourist numbers to the country have soared since the 2010 World Cup and a weaker local currency, that has lost six percent to reach a three-and-half-year low, has helped bring in even more tourists. It got over 10 million visitors in 2014.

“As safari quotations are largely based in US Dollars or Euros the cost of pre-booked packages are not likely rise though the local expenses incurred by tourists will be less in their own currency,” Wolfgang Thome, said in an opinion piece.

Cheaper Safaris

East Africa, another region that attract millions of tourists every year, has seen the currencies in Uganda, Tanzania and Kenya depreciate to new lows.

The Kenyan shilling, which is the strongest of the three regional currencies, has depreciated about 12 percent so far this year to trade at 100 shillings per dollar.

Despite this neighboring Tanzania has been a favorite for American tourists visiting the region  due to the ongoing terror threat in Kenya occasioned by frequent attacks by Somalia-based Al-Qaida-linked Islamist militants.

The weakening of African currencies has numerous implications — some complex and long ranging and others more short term and obvious. The jist of the matter is that with falling exchange rates across the continent it is a good time for foreign travellers to save on holidays in countries like Kenya, South Africa, and Tanzania.