West African CFA franc
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1 XOF = 0.003 AUD
1 AUD = 368.133 XOF
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1 XOF = 2.630 ARS
1 ARS = 0.380 XOF
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1 XOF = 5.211 BIF
1 BIF = 0.192 XOF
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1 XOF = 0.001 BHD
1 BHD = 1502.394 XOF
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1 XOF = 0.012 BOB
1 BOB = 81.820 XOF
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1 XOF = 0.003 AZN
1 AZN = 332.294 XOF
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1 XOF = 0.155 BTN
1 BTN = 6.433 XOF
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1 XOF = 0.889 CRC
1 CRC = 1.125 XOF
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1 XOF = 0.037 CZK
1 CZK = 26.968 XOF
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1 XOF = 0.013 CNY
1 CNY = 79.311 XOF
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1 XOF = 0.011 DKK
1 DKK = 87.814 XOF
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1 XOF = 0.267 ETB
1 ETB = 3.745 XOF
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1 XOF = 15.359 GNF
1 GNF = 0.065 XOF
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1 XOF = 0.011 HRK
1 HRK = 87.060 XOF
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1 XOF = 29.395 IDR
1 IDR = 0.034 XOF
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1 XOF = 0.284 JMD
1 JMD = 3.521 XOF
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1 XOF = 0.155 KGS
1 KGS = 6.459 XOF
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1 XOF = 0.003 BAM
1 BAM = 335.392 XOF
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1 XOF = 0.003 ANG
1 ANG = 313.816 XOF
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1 XOF = 0.025 BWP
1 BWP = 40.132 XOF
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1 XOF = 0.002 BND
1 BND = 435.007 XOF
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1 XOF = 4.034 CDF
1 CDF = 0.248 XOF
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1 XOF = 0.004 BZD
1 BZD = 280.793 XOF
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1 XOF = 60.272 BYR
1 BYR = 0.017 XOF
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1 XOF = 0.003 BGN
1 BGN = 335.392 XOF
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1 XOF = 0.002 CAD
1 CAD = 403.673 XOF
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1 XOF = 0.231 DZD
1 DZD = 4.330 XOF
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1 XOF = 0.027 ERN
1 ERN = 37.660 XOF
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1 XOF = 0.084 EGP
1 EGP = 11.883 XOF
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1 XOF = 0.004 FJD
1 FJD = 245.726 XOF
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1 XOF = 0.001 GBP
1 GBP = 752.307 XOF
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1 XOF = 0.001 FKP
1 FKP = 752.307 XOF
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1 XOF = 0.014 GTQ
1 GTQ = 73.776 XOF
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1 XOF = 0.014 HKD
1 HKD = 72.691 XOF
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1 XOF = 0.596 HUF
1 HUF = 1.679 XOF
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1 XOF = 2.322 IQD
1 IQD = 0.431 XOF
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1 XOF = 74.411 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 = 2.544 KRW
1 KRW = 0.393 XOF
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1 XOF = 0.147 ALL
1 ALL = 6.789 XOF
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1 XOF = 0.217 BDT
1 BDT = 4.619 XOF
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1 XOF = 0.003 AWG
1 AWG = 315.587 XOF
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1 XOF = 0.010 BRL
1 BRL = 104.969 XOF
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1 XOF = 0.000 BCH
1 BCH = 27515.830 XOF
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1 XOF = 0.000 BTC
1 BTC = 62766666.667 XOF
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1 XOF = 0.007 AED
1 AED = 153.819 XOF
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1 XOF = 1.620 AOA
1 AOA = 0.617 XOF
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1 XOF = 0.002 BSD
1 BSD = 564.900 XOF
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1 XOF = 1.676 CLP
1 CLP = 0.597 XOF
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1 XOF = 0.006 BYN
1 BYN = 165.913 XOF
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1 XOF = 6.869 COP
1 COP = 0.146 XOF
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1 XOF = 0.042 CUP
1 CUP = 23.561 XOF
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1 XOF = 0.000 ETH
1 ETH = 2215294.118 XOF
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1 XOF = 0.002 EUR
1 EUR = 655.960 XOF
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1 XOF = 0.047 HNL
1 HNL = 21.501 XOF
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1 XOF = 0.129 GMD
1 GMD = 7.733 XOF
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1 XOF = 0.001 GIP
1 GIP = 752.307 XOF
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1 XOF = 0.232 HTG
1 HTG = 4.316 XOF
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1 XOF = 0.001 JOD
1 JOD = 796.756 XOF
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1 XOF = 0.270 JPY
1 JPY = 3.701 XOF
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1 XOF = 0.118 AFN
1 AFN = 8.510 XOF
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1 XOF = 0.004 BBD
1 BBD = 282.450 XOF
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1 XOF = 0.002 BMD
1 BMD = 564.900 XOF
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1 XOF = 0.675 AMD
1 AMD = 1.481 XOF
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1 XOF = 0.001 CHF
1 CHF = 710.039 XOF
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1 XOF = 0.315 DJF
1 DJF = 3.173 XOF
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1 XOF = 0.113 DOP
1 DOP = 8.853 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 = 207.478 XOF
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1 XOF = 0.019 GHS
1 GHS = 52.306 XOF
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1 XOF = 0.370 GYD
1 GYD = 2.702 XOF
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1 XOF = 0.006 ILS
1 ILS = 171.681 XOF
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1 XOF = 0.155 INR
1 INR = 6.433 XOF
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1 XOF = 0.217 ISK
1 ISK = 4.613 XOF
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1 XOF = 7.144 KHR
1 KHR = 0.140 XOF
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1 XOF = 0.229 KES
1 KES = 4.376 XOF
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1 XOF = 0.001 KWD
1 KWD = 1842.406 XOF
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1 XOF = 0.951 KZT
1 KZT = 1.051 XOF
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1 XOF = 0.536 LKR
1 LKR = 1.864 XOF
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1 XOF = 0.016 MAD
1 MAD = 61.169 XOF
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1 XOF = 3.717 MMK
1 MMK = 0.269 XOF
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1 XOF = 6.365 MNT
1 MNT = 0.157 XOF
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1 XOF = 0.081 MUR
1 MUR = 12.408 XOF
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1 XOF = 0.709 MRO
1 MRO = 1.411 XOF
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1 XOF = 0.027 MVR
1 MVR = 36.668 XOF
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1 XOF = 3.072 MWK
1 MWK = 0.326 XOF
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1 XOF = 0.003 NZD
1 NZD = 325.047 XOF
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1 XOF = 0.249 NPR
1 NPR = 4.019 XOF
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1 XOF = 0.104 PHP
1 PHP = 9.637 XOF
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1 XOF = 0.500 PKR
1 PKR = 1.999 XOF
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1 XOF = 2.566 RWF
1 RWF = 0.390 XOF
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1 XOF = 0.000 LTC
1 LTC = 53499.384 XOF
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1 XOF = 0.033 MXN
1 MXN = 30.704 XOF
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1 XOF = 0.065 NIO
1 NIO = 15.366 XOF
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1 XOF = 0.008 RON
1 RON = 129.026 XOF
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1 XOF = 1.593 KPW
1 KPW = 0.628 XOF
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1 XOF = 0.001 KYD
1 KYD = 679.612 XOF
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1 XOF = 158.653 LBP
1 LBP = 0.006 XOF
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1 XOF = 0.010 LYD
1 LYD = 103.844 XOF
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1 XOF = 38.379 LAK
1 LAK = 0.026 XOF
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1 XOF = 7.922 MGA
1 MGA = 0.126 XOF
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1 XOF = 0.324 LRD
1 LRD = 3.089 XOF
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1 XOF = 0.094 MKD
1 MKD = 10.643 XOF
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1 XOF = 0.031 LSL
1 LSL = 32.634 XOF
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1 XOF = 0.014 MOP
1 MOP = 70.575 XOF
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1 XOF = 0.030 MDL
1 MDL = 33.302 XOF
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1 XOF = 0.031 NAD
1 NAD = 32.634 XOF
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1 XOF = 0.007 MYR
1 MYR = 133.578 XOF
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1 XOF = 0.001 OMR
1 OMR = 1467.921 XOF
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1 XOF = 2.588 NGN
1 NGN = 0.386 XOF
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1 XOF = 0.007 PGK
1 PGK = 134.407 XOF
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1 XOF = 0.002 PAB
1 PAB = 564.900 XOF
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1 XOF = 0.006 PEN
1 PEN = 166.485 XOF
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1 XOF = 0.018 NOK
1 NOK = 56.592 XOF
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1 XOF = 0.006 PLN
1 PLN = 155.103 XOF
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1 XOF = 12.517 PYG
1 PYG = 0.080 XOF
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1 XOF = 0.006 QAR
1 QAR = 155.192 XOF
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1 XOF = 0.015 SBD
1 SBD = 66.664 XOF
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1 XOF = 0.007 SAR
1 SAR = 150.640 XOF
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1 XOF = 0.002 SGD
1 SGD = 435.007 XOF
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1 XOF = 40.912 SLL
1 SLL = 0.024 XOF
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1 XOF = 0.058 THB
1 THB = 17.233 XOF
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1 XOF = 0.054 TWD
1 TWD = 18.357 XOF
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1 XOF = 0.074 UAH
1 UAH = 13.488 XOF
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1 XOF = 6.177 UGX
1 UGX = 0.162 XOF
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1 XOF = 0.070 SRD
1 SRD = 14.212 XOF
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1 XOF = 37.625 STD
1 STD = 0.027 XOF
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1 XOF = 0.074 TRY
1 TRY = 13.456 XOF
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1 XOF = 0.012 TTD
1 TTD = 83.284 XOF
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1 XOF = 0.004 TOP
1 TOP = 235.189 XOF
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1 XOF = 21.429 UZS
1 UZS = 0.047 XOF
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1 XOF = 0.423 YER
1 YER = 2.364 XOF
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1 XOF = 0.031 ZAR
1 ZAR = 32.634 XOF
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1 XOF = 0.179 RSD
1 RSD = 5.596 XOF
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1 XOF = 0.144 RUB
1 RUB = 6.951 XOF
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1 XOF = 1.007 SOS
1 SOS = 0.993 XOF
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1 XOF = 0.015 SVC
1 SVC = 64.560 XOF
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1 XOF = 19.573 SYP
1 SYP = 0.051 XOF
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1 XOF = 0.031 SZL
1 SZL = 32.634 XOF
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1 XOF = 0.005 TND
1 TND = 192.319 XOF
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1 XOF = 0.070 UYU
1 UYU = 14.207 XOF
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1 XOF = 46.611 VND
1 VND = 0.021 XOF
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1 XOF = 0.216 VUV
1 VUV = 4.631 XOF
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1 XOF = 0.005 WST
1 WST = 201.276 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 = 208.650 XOF
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1 XOF = 0.025 SCR
1 SCR = 40.124 XOF
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1 XOF = 0.017 SEK
1 SEK = 60.096 XOF
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1 XOF = 0.001 SHP
1 SHP = 752.307 XOF
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1 XOF = 4.400 TZS
1 TZS = 0.227 XOF
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1 XOF = 0.002 USD
1 USD = 564.900 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.