West African CFA franc
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1 XOF = 0.003 AUD
1 AUD = 366.723 XOF
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1 XOF = 2.353 ARS
1 ARS = 0.425 XOF
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1 XOF = 5.307 BIF
1 BIF = 0.188 XOF
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1 XOF = 0.001 BHD
1 BHD = 1493.910 XOF
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1 XOF = 0.012 BOB
1 BOB = 81.145 XOF
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1 XOF = 0.003 AZN
1 AZN = 330.418 XOF
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1 XOF = 0.156 BTN
1 BTN = 6.413 XOF
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1 XOF = 0.901 CRC
1 CRC = 1.110 XOF
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1 XOF = 0.037 CZK
1 CZK = 26.816 XOF
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1 XOF = 0.013 CNY
1 CNY = 78.218 XOF
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1 XOF = 0.011 DKK
1 DKK = 87.899 XOF
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1 XOF = 0.249 ETB
1 ETB = 4.023 XOF
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1 XOF = 15.452 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 = 28.937 IDR
1 IDR = 0.035 XOF
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1 XOF = 0.285 JMD
1 JMD = 3.509 XOF
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1 XOF = 0.156 KGS
1 KGS = 6.423 XOF
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1 XOF = 0.003 BAM
1 BAM = 335.389 XOF
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1 XOF = 0.003 ANG
1 ANG = 311.611 XOF
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1 XOF = 0.025 BWP
1 BWP = 39.945 XOF
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1 XOF = 0.002 BND
1 BND = 437.912 XOF
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1 XOF = 5.186 CDF
1 CDF = 0.193 XOF
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1 XOF = 0.004 BZD
1 BZD = 279.111 XOF
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1 XOF = 58.838 BYR
1 BYR = 0.017 XOF
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1 XOF = 0.003 BGN
1 BGN = 335.389 XOF
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1 XOF = 0.002 CAD
1 CAD = 407.923 XOF
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1 XOF = 0.231 DZD
1 DZD = 4.325 XOF
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1 XOF = 0.027 ERN
1 ERN = 37.447 XOF
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1 XOF = 0.086 EGP
1 EGP = 11.594 XOF
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1 XOF = 0.004 FJD
1 FJD = 249.383 XOF
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1 XOF = 0.001 GBP
1 GBP = 758.924 XOF
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1 XOF = 0.001 FKP
1 FKP = 758.924 XOF
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1 XOF = 0.014 GTQ
1 GTQ = 73.228 XOF
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1 XOF = 0.014 HKD
1 HKD = 71.556 XOF
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1 XOF = 0.603 HUF
1 HUF = 1.658 XOF
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1 XOF = 2.333 IQD
1 IQD = 0.429 XOF
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1 XOF = 75.101 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 = 2.464 KRW
1 KRW = 0.406 XOF
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1 XOF = 0.148 ALL
1 ALL = 6.745 XOF
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1 XOF = 0.217 BDT
1 BDT = 4.618 XOF
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1 XOF = 0.003 AWG
1 AWG = 313.804 XOF
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1 XOF = 0.010 BRL
1 BRL = 104.088 XOF
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1 XOF = 0.000 BCH
1 BCH = 343553.517 XOF
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1 XOF = 0.000 BTC
1 BTC = 70213750.000 XOF
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1 XOF = 0.007 AED
1 AED = 152.950 XOF
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1 XOF = 1.641 AOA
1 AOA = 0.610 XOF
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1 XOF = 0.002 BSD
1 BSD = 561.710 XOF
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1 XOF = 1.704 CLP
1 CLP = 0.587 XOF
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1 XOF = 0.006 BYN
1 BYN = 169.958 XOF
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1 XOF = 7.154 COP
1 COP = 0.140 XOF
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1 XOF = 0.043 CUP
1 CUP = 23.405 XOF
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1 XOF = 0.000 ETH
1 ETH = 2507633.929 XOF
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1 XOF = 0.002 EUR
1 EUR = 655.958 XOF
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1 XOF = 0.047 HNL
1 HNL = 21.390 XOF
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1 XOF = 0.129 GMD
1 GMD = 7.730 XOF
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1 XOF = 0.001 GIP
1 GIP = 758.924 XOF
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1 XOF = 0.234 HTG
1 HTG = 4.281 XOF
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1 XOF = 0.001 JOD
1 JOD = 792.257 XOF
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1 XOF = 0.263 JPY
1 JPY = 3.802 XOF
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1 XOF = 0.122 AFN
1 AFN = 8.214 XOF
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1 XOF = 0.004 BBD
1 BBD = 280.855 XOF
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1 XOF = 0.002 BMD
1 BMD = 561.710 XOF
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1 XOF = 0.681 AMD
1 AMD = 1.468 XOF
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1 XOF = 0.001 CHF
1 CHF = 695.642 XOF
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1 XOF = 0.317 DJF
1 DJF = 3.157 XOF
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1 XOF = 0.109 DOP
1 DOP = 9.152 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 = 208.334 XOF
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1 XOF = 0.019 GHS
1 GHS = 53.324 XOF
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1 XOF = 0.372 GYD
1 GYD = 2.685 XOF
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1 XOF = 0.006 ILS
1 ILS = 164.445 XOF
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1 XOF = 0.156 INR
1 INR = 6.413 XOF
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1 XOF = 0.218 ISK
1 ISK = 4.581 XOF
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1 XOF = 7.129 KHR
1 KHR = 0.140 XOF
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1 XOF = 0.230 KES
1 KES = 4.345 XOF
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1 XOF = 0.001 KWD
1 KWD = 1838.959 XOF
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1 XOF = 0.964 KZT
1 KZT = 1.038 XOF
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1 XOF = 0.536 LKR
1 LKR = 1.865 XOF
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1 XOF = 0.016 MAD
1 MAD = 62.191 XOF
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1 XOF = 3.736 MMK
1 MMK = 0.268 XOF
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1 XOF = 6.404 MNT
1 MNT = 0.156 XOF
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1 XOF = 0.081 MUR
1 MUR = 12.350 XOF
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1 XOF = 0.710 MRO
1 MRO = 1.408 XOF
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1 XOF = 0.027 MVR
1 MVR = 36.385 XOF
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1 XOF = 3.089 MWK
1 MWK = 0.324 XOF
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1 XOF = 0.003 NZD
1 NZD = 334.471 XOF
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1 XOF = 0.250 NPR
1 NPR = 4.006 XOF
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1 XOF = 0.101 PHP
1 PHP = 9.879 XOF
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1 XOF = 0.506 PKR
1 PKR = 1.978 XOF
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1 XOF = 2.573 RWF
1 RWF = 0.389 XOF
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1 XOF = 0.000 LTC
1 LTC = 70099.838 XOF
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1 XOF = 0.033 MXN
1 MXN = 30.221 XOF
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1 XOF = 0.066 NIO
1 NIO = 15.264 XOF
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1 XOF = 0.008 RON
1 RON = 129.570 XOF
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1 XOF = 1.602 KPW
1 KPW = 0.624 XOF
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1 XOF = 0.001 KYD
1 KYD = 675.871 XOF
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1 XOF = 159.910 LBP
1 LBP = 0.006 XOF
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1 XOF = 0.010 LYD
1 LYD = 103.446 XOF
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1 XOF = 38.393 LAK
1 LAK = 0.026 XOF
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1 XOF = 7.843 MGA
1 MGA = 0.128 XOF
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1 XOF = 0.357 LRD
1 LRD = 2.801 XOF
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1 XOF = 0.094 MKD
1 MKD = 10.599 XOF
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1 XOF = 0.031 LSL
1 LSL = 31.953 XOF
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1 XOF = 0.014 MOP
1 MOP = 69.472 XOF
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1 XOF = 0.030 MDL
1 MDL = 33.453 XOF
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1 XOF = 0.031 NAD
1 NAD = 31.953 XOF
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1 XOF = 0.008 MYR
1 MYR = 132.786 XOF
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1 XOF = 0.001 OMR
1 OMR = 1459.745 XOF
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1 XOF = 2.736 NGN
1 NGN = 0.365 XOF
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1 XOF = 0.007 PGK
1 PGK = 135.456 XOF
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1 XOF = 0.002 PAB
1 PAB = 561.710 XOF
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1 XOF = 0.006 PEN
1 PEN = 159.441 XOF
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1 XOF = 0.018 NOK
1 NOK = 54.956 XOF
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1 XOF = 0.006 PLN
1 PLN = 154.121 XOF
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1 XOF = 13.352 PYG
1 PYG = 0.075 XOF
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1 XOF = 0.006 QAR
1 QAR = 154.316 XOF
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1 XOF = 0.015 SBD
1 SBD = 66.254 XOF
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1 XOF = 0.007 SAR
1 SAR = 149.789 XOF
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1 XOF = 0.002 SGD
1 SGD = 437.912 XOF
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1 XOF = 40.501 SLL
1 SLL = 0.025 XOF
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1 XOF = 0.058 THB
1 THB = 17.335 XOF
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1 XOF = 0.053 TWD
1 TWD = 18.776 XOF
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1 XOF = 0.074 UAH
1 UAH = 13.529 XOF
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1 XOF = 6.339 UGX
1 UGX = 0.158 XOF
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1 XOF = 0.067 SRD
1 SRD = 15.006 XOF
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1 XOF = 37.763 STD
1 STD = 0.026 XOF
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1 XOF = 0.073 TRY
1 TRY = 13.783 XOF
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1 XOF = 0.012 TTD
1 TTD = 82.727 XOF
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1 XOF = 0.004 TOP
1 TOP = 233.773 XOF
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1 XOF = 22.445 UZS
1 UZS = 0.045 XOF
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1 XOF = 0.428 YER
1 YER = 2.338 XOF
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1 XOF = 0.031 ZAR
1 ZAR = 31.953 XOF
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1 XOF = 0.179 RSD
1 RSD = 5.600 XOF
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1 XOF = 0.142 RUB
1 RUB = 7.051 XOF
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1 XOF = 1.017 SOS
1 SOS = 0.983 XOF
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1 XOF = 0.016 SVC
1 SVC = 64.195 XOF
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1 XOF = 23.147 SYP
1 SYP = 0.043 XOF
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1 XOF = 0.031 SZL
1 SZL = 31.953 XOF
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1 XOF = 0.005 TND
1 TND = 195.018 XOF
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1 XOF = 0.071 UYU
1 UYU = 14.026 XOF
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1 XOF = 46.765 VND
1 VND = 0.021 XOF
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1 XOF = 0.213 VUV
1 VUV = 4.699 XOF
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1 XOF = 0.005 WST
1 WST = 211.376 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 = 207.533 XOF
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1 XOF = 0.026 SCR
1 SCR = 39.171 XOF
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1 XOF = 0.017 SEK
1 SEK = 58.873 XOF
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1 XOF = 0.001 SHP
1 SHP = 758.924 XOF
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1 XOF = 4.511 TZS
1 TZS = 0.222 XOF
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1 XOF = 0.002 USD
1 USD = 561.710 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.