West African CFA Franc
XOFOfficial Currency of West African Economic and Monetary Union (8 nations)
Economic Profile & Role of West African CFA Franc
The West African CFA Franc is shared by 8 member states (Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo) and is pegged to the Euro at a guaranteed parity of 655.957 CFA.
Exchange rates for the West African CFA Franc are influenced by key macroeconomic factors including central bank interest rate policy, national gross domestic product (GDP) performance, balance of trade, sovereign debt levels, and foreign direct investment (FDI). When transferring or exchanging XOF, understanding these underlying fundamentals allows consumers and businesses to anticipate volatility and secure favorable timing.
Quick XOF Conversion Benchmark Units
Common transaction multiples for West African CFA Franc (XOF) used for budgeting, international remittances, and travel expenses.
Popular XOF Currency Exchange Pairs
Click any pair below to inspect real-time mid-market rates, historical trend charts, and transfer fee breakdowns.
Frequently Asked Questions about West African CFA Franc
What is the official currency code and symbol for West African CFA Franc?
The official ISO 4217 currency code for the West African CFA Franc is XOF, and its conventional currency symbol is CFA.
Which authority or central bank issues the XOF?
The West African CFA Franc is regulated and issued by Central Bank of West African States (BCEAO).
What is the subunit of West African CFA Franc?
The standard fractional denomination or subunit of the West African CFA Franc is Centime (historical).
How do I convert XOF to other global currencies without hidden fees?
To get the true value of your XOF, always benchmark transactions against the mid-market rate. You can use our live currency converter tools to check real-time exchange rates before initiating a bank transfer.