West African CFA franc
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1 XOF = 0.003 AUD
1 AUD = 379.857 XOF
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1 XOF = 1.764 ARS
1 ARS = 0.567 XOF
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1 XOF = 4.903 BIF
1 BIF = 0.204 XOF
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1 XOF = 0.001 BHD
1 BHD = 1606.915 XOF
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1 XOF = 0.011 BOB
1 BOB = 87.394 XOF
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1 XOF = 0.003 AZN
1 AZN = 355.412 XOF
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1 XOF = 0.144 BTN
1 BTN = 6.942 XOF
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1 XOF = 0.833 CRC
1 CRC = 1.200 XOF
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1 XOF = 0.038 CZK
1 CZK = 26.146 XOF
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1 XOF = 0.012 CNY
1 CNY = 83.382 XOF
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1 XOF = 0.011 DKK
1 DKK = 87.928 XOF
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1 XOF = 0.214 ETB
1 ETB = 4.669 XOF
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1 XOF = 14.314 GNF
1 GNF = 0.070 XOF
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1 XOF = 0.011 HRK
1 HRK = 87.061 XOF
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1 XOF = 27.170 IDR
1 IDR = 0.037 XOF
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1 XOF = 0.260 JMD
1 JMD = 3.847 XOF
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1 XOF = 0.145 KGS
1 KGS = 6.889 XOF
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1 XOF = 0.003 BAM
1 BAM = 335.387 XOF
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1 XOF = 0.003 ANG
1 ANG = 335.220 XOF
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1 XOF = 0.023 BWP
1 BWP = 44.128 XOF
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1 XOF = 0.002 BND
1 BND = 452.313 XOF
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1 XOF = 4.740 CDF
1 CDF = 0.211 XOF
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1 XOF = 0.003 BZD
1 BZD = 300.373 XOF
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1 XOF = 54.121 BYR
1 BYR = 0.018 XOF
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1 XOF = 0.003 BGN
1 BGN = 335.387 XOF
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1 XOF = 0.002 CAD
1 CAD = 419.992 XOF
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1 XOF = 0.221 DZD
1 DZD = 4.524 XOF
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1 XOF = 0.025 ERN
1 ERN = 40.280 XOF
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1 XOF = 0.084 EGP
1 EGP = 11.928 XOF
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1 XOF = 0.004 FJD
1 FJD = 262.833 XOF
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1 XOF = 0.001 GBP
1 GBP = 782.288 XOF
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1 XOF = 0.001 FKP
1 FKP = 782.288 XOF
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1 XOF = 0.013 GTQ
1 GTQ = 78.367 XOF
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1 XOF = 0.013 HKD
1 HKD = 77.745 XOF
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1 XOF = 0.610 HUF
1 HUF = 1.639 XOF
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1 XOF = 2.166 IQD
1 IQD = 0.462 XOF
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1 XOF = 69.653 IRR
1 IRR = 0.014 XOF
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1 XOF = 0.750 KMF
1 KMF = 1.333 XOF
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1 XOF = 2.408 KRW
1 KRW = 0.415 XOF
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1 XOF = 0.152 ALL
1 ALL = 6.598 XOF
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1 XOF = 0.201 BDT
1 BDT = 4.972 XOF
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1 XOF = 0.003 AWG
1 AWG = 337.542 XOF
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1 XOF = 0.010 BRL
1 BRL = 103.893 XOF
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1 XOF = 0.000 BCH
1 BCH = 202955.996 XOF
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1 XOF = 0.000 BTC
1 BTC = 50350000.000 XOF
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1 XOF = 0.006 AED
1 AED = 164.520 XOF
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1 XOF = 1.522 AOA
1 AOA = 0.657 XOF
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1 XOF = 0.002 BSD
1 BSD = 604.200 XOF
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1 XOF = 1.556 CLP
1 CLP = 0.643 XOF
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1 XOF = 0.005 BYN
1 BYN = 184.771 XOF
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1 XOF = 6.797 COP
1 COP = 0.147 XOF
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1 XOF = 0.040 CUP
1 CUP = 25.168 XOF
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1 XOF = 0.000 ETH
1 ETH = 1175486.381 XOF
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1 XOF = 0.002 EUR
1 EUR = 655.955 XOF
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1 XOF = 0.042 HNL
1 HNL = 23.604 XOF
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1 XOF = 0.119 GMD
1 GMD = 8.382 XOF
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1 XOF = 0.001 GIP
1 GIP = 782.288 XOF
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1 XOF = 0.217 HTG
1 HTG = 4.604 XOF
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1 XOF = 0.001 JOD
1 JOD = 852.186 XOF
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1 XOF = 0.245 JPY
1 JPY = 4.081 XOF
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1 XOF = 0.117 AFN
1 AFN = 8.527 XOF
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1 XOF = 0.003 BBD
1 BBD = 302.100 XOF
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1 XOF = 0.002 BMD
1 BMD = 604.200 XOF
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1 XOF = 0.648 AMD
1 AMD = 1.544 XOF
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1 XOF = 0.001 CHF
1 CHF = 684.817 XOF
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1 XOF = 0.294 DJF
1 DJF = 3.396 XOF
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1 XOF = 0.104 DOP
1 DOP = 9.638 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 = 217.816 XOF
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1 XOF = 0.026 GHS
1 GHS = 38.981 XOF
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1 XOF = 0.346 GYD
1 GYD = 2.893 XOF
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1 XOF = 0.006 ILS
1 ILS = 165.380 XOF
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1 XOF = 0.144 INR
1 INR = 6.942 XOF
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1 XOF = 0.223 ISK
1 ISK = 4.490 XOF
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1 XOF = 6.645 KHR
1 KHR = 0.150 XOF
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1 XOF = 0.214 KES
1 KES = 4.668 XOF
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1 XOF = 0.001 KWD
1 KWD = 1961.115 XOF
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1 XOF = 0.818 KZT
1 KZT = 1.222 XOF
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1 XOF = 0.489 LKR
1 LKR = 2.045 XOF
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1 XOF = 0.016 MAD
1 MAD = 62.289 XOF
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1 XOF = 3.474 MMK
1 MMK = 0.288 XOF
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1 XOF = 5.746 MNT
1 MNT = 0.174 XOF
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1 XOF = 0.075 MUR
1 MUR = 13.411 XOF
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1 XOF = 0.658 MRO
1 MRO = 1.520 XOF
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1 XOF = 0.026 MVR
1 MVR = 39.137 XOF
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1 XOF = 2.874 MWK
1 MWK = 0.348 XOF
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1 XOF = 0.003 NZD
1 NZD = 344.391 XOF
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1 XOF = 0.231 NPR
1 NPR = 4.336 XOF
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1 XOF = 0.095 PHP
1 PHP = 10.530 XOF
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1 XOF = 0.463 PKR
1 PKR = 2.158 XOF
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1 XOF = 2.351 RWF
1 RWF = 0.425 XOF
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1 XOF = 0.000 LTC
1 LTC = 54599.675 XOF
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1 XOF = 0.033 MXN
1 MXN = 29.970 XOF
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1 XOF = 0.061 NIO
1 NIO = 16.412 XOF
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1 XOF = 0.008 RON
1 RON = 131.778 XOF
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1 XOF = 1.490 KPW
1 KPW = 0.671 XOF
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1 XOF = 0.001 KYD
1 KYD = 726.508 XOF
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1 XOF = 148.322 LBP
1 LBP = 0.007 XOF
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1 XOF = 0.008 LYD
1 LYD = 125.387 XOF
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1 XOF = 35.888 LAK
1 LAK = 0.028 XOF
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1 XOF = 7.745 MGA
1 MGA = 0.129 XOF
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1 XOF = 0.331 LRD
1 LRD = 3.022 XOF
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1 XOF = 0.094 MKD
1 MKD = 10.673 XOF
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1 XOF = 0.030 LSL
1 LSL = 32.837 XOF
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1 XOF = 0.013 MOP
1 MOP = 75.480 XOF
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1 XOF = 0.030 MDL
1 MDL = 33.256 XOF
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1 XOF = 0.030 NAD
1 NAD = 32.837 XOF
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1 XOF = 0.007 MYR
1 MYR = 136.188 XOF
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1 XOF = 0.001 OMR
1 OMR = 1569.310 XOF
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1 XOF = 2.569 NGN
1 NGN = 0.389 XOF
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1 XOF = 0.007 PGK
1 PGK = 149.699 XOF
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1 XOF = 0.002 PAB
1 PAB = 604.200 XOF
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1 XOF = 0.006 PEN
1 PEN = 164.753 XOF
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1 XOF = 0.018 NOK
1 NOK = 56.541 XOF
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1 XOF = 0.006 PLN
1 PLN = 156.269 XOF
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1 XOF = 13.113 PYG
1 PYG = 0.076 XOF
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1 XOF = 0.006 QAR
1 QAR = 165.989 XOF
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1 XOF = 0.014 SBD
1 SBD = 70.818 XOF
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1 XOF = 0.006 SAR
1 SAR = 161.120 XOF
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1 XOF = 0.002 SGD
1 SGD = 452.313 XOF
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1 XOF = 37.792 SLL
1 SLL = 0.026 XOF
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1 XOF = 0.056 THB
1 THB = 17.880 XOF
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1 XOF = 0.055 TWD
1 TWD = 18.324 XOF
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1 XOF = 0.069 UAH
1 UAH = 14.576 XOF
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1 XOF = 6.066 UGX
1 UGX = 0.165 XOF
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1 XOF = 0.060 SRD
1 SRD = 16.597 XOF
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1 XOF = 37.720 STD
1 STD = 0.027 XOF
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1 XOF = 0.061 TRY
1 TRY = 16.500 XOF
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1 XOF = 0.011 TTD
1 TTD = 88.947 XOF
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1 XOF = 0.004 TOP
1 TOP = 250.872 XOF
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1 XOF = 21.427 UZS
1 UZS = 0.047 XOF
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1 XOF = 0.408 YER
1 YER = 2.448 XOF
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1 XOF = 0.030 ZAR
1 ZAR = 32.837 XOF
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1 XOF = 0.179 RSD
1 RSD = 5.602 XOF
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1 XOF = 0.143 RUB
1 RUB = 6.977 XOF
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1 XOF = 0.945 SOS
1 SOS = 1.058 XOF
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1 XOF = 0.014 SVC
1 SVC = 69.051 XOF
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1 XOF = 21.519 SYP
1 SYP = 0.046 XOF
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1 XOF = 0.030 SZL
1 SZL = 32.837 XOF
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1 XOF = 0.005 TND
1 TND = 195.540 XOF
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1 XOF = 0.070 UYU
1 UYU = 14.243 XOF
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1 XOF = 42.113 VND
1 VND = 0.024 XOF
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1 XOF = 0.204 VUV
1 VUV = 4.903 XOF
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1 XOF = 0.005 WST
1 WST = 217.049 XOF
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1 XOF = 1.000 XAF
1 XAF = 1.000 XOF
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1 XOF = 0.004 XCD
1 XCD = 223.166 XOF
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1 XOF = 0.024 SCR
1 SCR = 41.862 XOF
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1 XOF = 0.017 SEK
1 SEK = 59.264 XOF
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1 XOF = 0.001 SHP
1 SHP = 782.288 XOF
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1 XOF = 4.374 TZS
1 TZS = 0.229 XOF
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1 XOF = 0.002 USD
1 USD = 604.200 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.