Currency of West Africa: West African CFA franc, today's rate Fr
The West African CFA Franc is the currency used in the following 7 countries: Benin, Burkina Faso, Ivory Coast, Niger, Senegal, Togo, Guinea-Bissau. The code of West African CFA franc is XOF. We use Fr as symbol of West African CFA franc. The West African CFA Franc is divided in 100 centimes. XOF is regulated by Central Bank of West African .
Did you know:
- The most popular conversions of West African CFA franc are
- the West African CFA franc was introduced in 24 Nov 1958 (67 years ago).
- There are 9 coins for the West African CFA franc ( Fr1 , Fr5 , Fr10 , Fr25 , Fr50 , Fr100 , Fr200 , Fr250 and Fr500 ),
- the West African CFA franc has 5 banknotes ( Fr500 , Fr1000 , Fr2000 , Fr5000 and Fr10000 )
More information: currency converter.
XOF-XAF: The CFA franc, another French currency
The CFA franc is still used today in 14 African states and 3 French collectivities in the Pacific:
- 8 countries have common banknotes and use the specific code XOF: Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo
- 6 countries have their own banknotes and use the specific code XAF: Cameroun, the Central African Republic, Equatorial Guinea, the Republic of the Congo, Chad and Gabon
- the 3 French collectivities: French Polynesia, Wallis and Futuna and New Caledonia use the code XPF.
The XOF and the XAF are on the same par.
The CFA franc was founded on December 26, 1945, the day when France ratified the Bretton Woods Accords to restore French monetary authority in these regions at the time. 1 French franc was worth 50 CFA francs at the time.
CFA stands for «Communauté Financière Africaine» (African Financial Community)
In 1958, the CFA franc became the «franc of the French Community of Africa». With the wave of independence, the CFA franc wavered for «ideological» reasons, but the listing of the French franc required the countries to keep the monetary system.
Nowadays for XOF countries, CFA stands for the franc of the «African Financial Community», but for XAF countries, it means «Financial Cooperation in Central Africa».
Exchange rate of West African CFA franc , currency of West Africa
XOF All currencies
XOF/currency | Converter | |
---|---|---|
West African CFA franc to Sierra Leonean leone | 1 XOF = 37.3207 SLL | |
West African CFA franc to Cape Verdean escudo | 1 XOF = 0.1687 CVE | |
West African CFA franc to Nepalese rupee | 1 XOF = 0.2441 NPR | |
West African CFA franc to Eritrean nakfa | 1 XOF = 0.0267 ERN | |
West African CFA franc to Indian rupee | 1 XOF = 0.1530 INR | |
West African CFA franc to Bangladeshi taka | 1 XOF = 0.2164 BDT | |
West African CFA franc to British pound | 1 XOF = 0.0013 GBP | |
West African CFA franc to euro | 1 XOF = 0.0015 EUR | |
West African CFA franc to Pakistani rupee | 1 XOF = 0.5061 PKR | |
West African CFA franc to UAE dirham | 1 XOF = 0.0065 AED |
All currencies XOF
currency/XOF | Converter | |
---|---|---|
Ghanaian cedi to West African CFA franc | 1 GHS = 54.0260 XOF | |
US dollar to West African CFA franc | 1 USD = 561.8716 XOF | |
Nigerian naira to West African CFA franc | 1 NGN = 0.3673 XOF | |
Moroccan dirham to West African CFA franc | 1 MAD = 62.4127 XOF | |
Gambian dalasi to West African CFA franc | 1 GMD = 7.8584 XOF | |
Indian rupee to West African CFA franc | 1 INR = 6.5374 XOF | |
Bangladeshi taka to West African CFA franc | 1 BDT = 4.6218 XOF | |
British pound to West African CFA franc | 1 GBP = 757.0715 XOF | |
euro to West African CFA franc | 1 EUR = 655.9570 XOF | |
Pakistani rupee to West African CFA franc | 1 PKR = 1.9758 XOF |
Currency Of West Africa
Major currencies
currency | ISO 4217 |
---|---|
US dollar | USD |
Indian rupee | INR |
Bangladeshi taka | BDT |
British pound | GBP |
euro | EUR |
Pakistani rupee | PKR |
UAE dirham | AED |
Australian dollar | AUD |
Saudi riyal | SAR |
Canadian dollar | CAD |