West African CFA franc
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1 XOF = 0.003 AUD
1 AUD = 366.252 XOF
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1 XOF = 2.394 ARS
1 ARS = 0.418 XOF
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1 XOF = 5.270 BIF
1 BIF = 0.190 XOF
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1 XOF = 0.001 BHD
1 BHD = 1504.947 XOF
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1 XOF = 0.012 BOB
1 BOB = 81.819 XOF
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1 XOF = 0.003 AZN
1 AZN = 332.859 XOF
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1 XOF = 0.155 BTN
1 BTN = 6.446 XOF
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1 XOF = 0.890 CRC
1 CRC = 1.124 XOF
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1 XOF = 0.037 CZK
1 CZK = 26.719 XOF
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1 XOF = 0.013 CNY
1 CNY = 79.024 XOF
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1 XOF = 0.011 DKK
1 DKK = 87.866 XOF
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1 XOF = 0.251 ETB
1 ETB = 3.989 XOF
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1 XOF = 15.327 GNF
1 GNF = 0.065 XOF
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1 XOF = 0.011 HRK
1 HRK = 87.059 XOF
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1 XOF = 29.020 IDR
1 IDR = 0.034 XOF
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1 XOF = 0.283 JMD
1 JMD = 3.538 XOF
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1 XOF = 0.154 KGS
1 KGS = 6.475 XOF
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1 XOF = 0.003 BAM
1 BAM = 335.384 XOF
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1 XOF = 0.003 ANG
1 ANG = 314.018 XOF
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1 XOF = 0.024 BWP
1 BWP = 41.693 XOF
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1 XOF = 0.002 BND
1 BND = 438.957 XOF
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1 XOF = 5.138 CDF
1 CDF = 0.195 XOF
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1 XOF = 0.004 BZD
1 BZD = 281.117 XOF
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1 XOF = 60.001 BYR
1 BYR = 0.017 XOF
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1 XOF = 0.003 BGN
1 BGN = 335.384 XOF
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1 XOF = 0.002 CAD
1 CAD = 408.622 XOF
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1 XOF = 0.230 DZD
1 DZD = 4.342 XOF
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1 XOF = 0.027 ERN
1 ERN = 37.724 XOF
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1 XOF = 0.086 EGP
1 EGP = 11.634 XOF
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1 XOF = 0.004 FJD
1 FJD = 249.387 XOF
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1 XOF = 0.001 GBP
1 GBP = 760.575 XOF
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1 XOF = 0.001 FKP
1 FKP = 760.575 XOF
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1 XOF = 0.014 GTQ
1 GTQ = 73.827 XOF
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1 XOF = 0.014 HKD
1 HKD = 72.689 XOF
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1 XOF = 0.606 HUF
1 HUF = 1.650 XOF
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1 XOF = 2.314 IQD
1 IQD = 0.432 XOF
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1 XOF = 74.317 IRR
1 IRR = 0.013 XOF
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1 XOF = 0.750 KMF
1 KMF = 1.333 XOF
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1 XOF = 2.471 KRW
1 KRW = 0.405 XOF
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1 XOF = 0.149 ALL
1 ALL = 6.729 XOF
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1 XOF = 0.215 BDT
1 BDT = 4.649 XOF
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1 XOF = 0.003 AWG
1 AWG = 316.123 XOF
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1 XOF = 0.010 BRL
1 BRL = 103.894 XOF
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1 XOF = 0.000 BCH
1 BCH = 313148.866 XOF
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1 XOF = 0.000 BTC
1 BTC = 62873333.333 XOF
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1 XOF = 0.006 AED
1 AED = 154.080 XOF
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1 XOF = 1.617 AOA
1 AOA = 0.618 XOF
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1 XOF = 0.002 BSD
1 BSD = 565.860 XOF
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1 XOF = 1.712 CLP
1 CLP = 0.584 XOF
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1 XOF = 0.006 BYN
1 BYN = 166.665 XOF
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1 XOF = 7.177 COP
1 COP = 0.139 XOF
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1 XOF = 0.042 CUP
1 CUP = 23.579 XOF
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1 XOF = 0.000 ETH
1 ETH = 2607649.770 XOF
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1 XOF = 0.002 EUR
1 EUR = 655.955 XOF
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1 XOF = 0.046 HNL
1 HNL = 21.588 XOF
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1 XOF = 0.128 GMD
1 GMD = 7.833 XOF
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1 XOF = 0.001 GIP
1 GIP = 760.575 XOF
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1 XOF = 0.231 HTG
1 HTG = 4.324 XOF
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1 XOF = 0.001 JOD
1 JOD = 798.110 XOF
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1 XOF = 0.262 JPY
1 JPY = 3.822 XOF
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1 XOF = 0.121 AFN
1 AFN = 8.267 XOF
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1 XOF = 0.004 BBD
1 BBD = 282.930 XOF
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1 XOF = 0.002 BMD
1 BMD = 565.860 XOF
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1 XOF = 0.674 AMD
1 AMD = 1.483 XOF
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1 XOF = 0.001 CHF
1 CHF = 702.818 XOF
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1 XOF = 0.315 DJF
1 DJF = 3.178 XOF
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1 XOF = 0.111 DOP
1 DOP = 9.014 XOF
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1 XOF = 0.168 CVE
1 CVE = 5.949 XOF
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1 XOF = 0.005 GEL
1 GEL = 210.013 XOF
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1 XOF = 0.020 GHS
1 GHS = 50.745 XOF
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1 XOF = 0.370 GYD
1 GYD = 2.706 XOF
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1 XOF = 0.006 ILS
1 ILS = 169.161 XOF
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1 XOF = 0.155 INR
1 INR = 6.446 XOF
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1 XOF = 0.218 ISK
1 ISK = 4.587 XOF
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1 XOF = 7.080 KHR
1 KHR = 0.141 XOF
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1 XOF = 0.228 KES
1 KES = 4.381 XOF
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1 XOF = 0.001 KWD
1 KWD = 1850.486 XOF
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1 XOF = 0.952 KZT
1 KZT = 1.051 XOF
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1 XOF = 0.534 LKR
1 LKR = 1.873 XOF
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1 XOF = 0.016 MAD
1 MAD = 62.340 XOF
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1 XOF = 3.710 MMK
1 MMK = 0.270 XOF
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1 XOF = 6.353 MNT
1 MNT = 0.157 XOF
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1 XOF = 0.082 MUR
1 MUR = 12.238 XOF
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1 XOF = 0.705 MRO
1 MRO = 1.418 XOF
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1 XOF = 0.027 MVR
1 MVR = 36.644 XOF
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1 XOF = 3.063 MWK
1 MWK = 0.327 XOF
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1 XOF = 0.003 NZD
1 NZD = 329.774 XOF
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1 XOF = 0.248 NPR
1 NPR = 4.027 XOF
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1 XOF = 0.101 PHP
1 PHP = 9.881 XOF
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1 XOF = 0.501 PKR
1 PKR = 1.995 XOF
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1 XOF = 2.545 RWF
1 RWF = 0.393 XOF
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1 XOF = 0.000 LTC
1 LTC = 63938.983 XOF
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1 XOF = 0.033 MXN
1 MXN = 30.158 XOF
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1 XOF = 0.065 NIO
1 NIO = 15.380 XOF
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1 XOF = 0.008 RON
1 RON = 129.458 XOF
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1 XOF = 1.591 KPW
1 KPW = 0.629 XOF
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1 XOF = 0.001 KYD
1 KYD = 680.439 XOF
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1 XOF = 158.466 LBP
1 LBP = 0.006 XOF
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1 XOF = 0.010 LYD
1 LYD = 104.329 XOF
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1 XOF = 38.291 LAK
1 LAK = 0.026 XOF
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1 XOF = 7.828 MGA
1 MGA = 0.128 XOF
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1 XOF = 0.355 LRD
1 LRD = 2.817 XOF
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1 XOF = 0.094 MKD
1 MKD = 10.675 XOF
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1 XOF = 0.031 LSL
1 LSL = 31.858 XOF
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1 XOF = 0.014 MOP
1 MOP = 70.572 XOF
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1 XOF = 0.030 MDL
1 MDL = 33.876 XOF
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1 XOF = 0.031 NAD
1 NAD = 31.858 XOF
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1 XOF = 0.007 MYR
1 MYR = 133.618 XOF
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1 XOF = 0.001 OMR
1 OMR = 1471.142 XOF
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1 XOF = 2.713 NGN
1 NGN = 0.369 XOF
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1 XOF = 0.007 PGK
1 PGK = 133.843 XOF
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1 XOF = 0.002 PAB
1 PAB = 565.860 XOF
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1 XOF = 0.006 PEN
1 PEN = 159.483 XOF
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1 XOF = 0.018 NOK
1 NOK = 55.667 XOF
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1 XOF = 0.007 PLN
1 PLN = 153.491 XOF
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1 XOF = 12.778 PYG
1 PYG = 0.078 XOF
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1 XOF = 0.006 QAR
1 QAR = 155.456 XOF
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1 XOF = 0.015 SBD
1 SBD = 66.573 XOF
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1 XOF = 0.007 SAR
1 SAR = 150.896 XOF
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1 XOF = 0.002 SGD
1 SGD = 438.957 XOF
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1 XOF = 40.195 SLL
1 SLL = 0.025 XOF
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1 XOF = 0.057 THB
1 THB = 17.417 XOF
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1 XOF = 0.054 TWD
1 TWD = 18.467 XOF
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1 XOF = 0.073 UAH
1 UAH = 13.681 XOF
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1 XOF = 6.295 UGX
1 UGX = 0.159 XOF
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1 XOF = 0.067 SRD
1 SRD = 14.941 XOF
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1 XOF = 37.512 STD
1 STD = 0.027 XOF
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1 XOF = 0.073 TRY
1 TRY = 13.789 XOF
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1 XOF = 0.012 TTD
1 TTD = 83.544 XOF
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1 XOF = 0.004 TOP
1 TOP = 234.953 XOF
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1 XOF = 21.841 UZS
1 UZS = 0.046 XOF
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1 XOF = 0.424 YER
1 YER = 2.356 XOF
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1 XOF = 0.031 ZAR
1 ZAR = 31.858 XOF
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1 XOF = 0.179 RSD
1 RSD = 5.598 XOF
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1 XOF = 0.142 RUB
1 RUB = 7.046 XOF
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1 XOF = 1.010 SOS
1 SOS = 0.990 XOF
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1 XOF = 0.015 SVC
1 SVC = 64.670 XOF
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1 XOF = 22.977 SYP
1 SYP = 0.044 XOF
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1 XOF = 0.031 SZL
1 SZL = 31.858 XOF
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1 XOF = 0.005 TND
1 TND = 195.556 XOF
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1 XOF = 0.071 UYU
1 UYU = 14.154 XOF
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1 XOF = 46.599 VND
1 VND = 0.021 XOF
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1 XOF = 0.211 VUV
1 VUV = 4.730 XOF
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1 XOF = 0.005 WST
1 WST = 211.394 XOF
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1 XOF = 1.000 XAF
1 XAF = 1.000 XOF
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1 XOF = 0.005 XCD
1 XCD = 209.013 XOF
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1 XOF = 0.026 SCR
1 SCR = 38.837 XOF
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1 XOF = 0.017 SEK
1 SEK = 59.018 XOF
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1 XOF = 0.001 SHP
1 SHP = 760.575 XOF
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1 XOF = 4.433 TZS
1 TZS = 0.226 XOF
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1 XOF = 0.002 USD
1 USD = 565.860 XOF
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1 XOF = 0.182 XPF
1 XPF = 5.497 XOF
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1 XOF = 1.000 XOF
1 XOF = 1.000 XOF
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Evolution of the XOF Exchange Rate
The West African CFA franc (XOF) exchange rate has evolved over time due to various factors such as economic developments, monetary policies, and market forces. The exchange rate of XOF against other currencies, particularly the Euro (EUR), has generally been pegged by the Central Bank of West African States (BCEAO) at a fixed rate of 1 Euro = 655.957 XOF since 1999.
Variations in the XOF Exchange Rate
Despite the fixed pegged rate, the XOF exchange rate has experienced occasional fluctuations. These variations can be attributed to external factors such as changes in global commodity prices, political instability, and economic crises in the region. Additionally, market forces and speculative activities may also lead to short-term deviations from the fixed rate.
Significance of XOF in the Global Economy
The West African CFA franc (XOF) plays a significant role in the global economy as it is used by eight West African countries, including Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. These countries form the West African Economic and Monetary Union (WAEMU), and the XOF is the official currency of this union. The stability and credibility of the XOF are important for trade relations, investment flows, and overall economic integration within the region.
Shocks Experienced by XOF and Correlation with Other Currencies
The XOF has experienced various shocks throughout its history, such as economic recessions, political unrest, and external market volatility. For example, fluctuations in global commodity prices, particularly for key exports like cocoa and oil, can significantly impact the XOF exchange rate. The currency is also influenced by monetary policy decisions made by the BCEAO and developments in the Eurozone, given the fixed pegged rate to the Euro.
The correlation of XOF with other currencies is primarily influenced by its fixed exchange rate with the Euro. Therefore, the XOF tends to move in line with the Euro's performance against other major currencies, such as the US Dollar. However, as the West African countries' economies evolve and their trade relations diversify, there may be some variations in the XOF's correlation with other currencies in the future.