West African CFA franc
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1 XOF = 0.003 AUD
1 AUD = 368.037 XOF
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1 XOF = 2.349 ARS
1 ARS = 0.426 XOF
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1 XOF = 5.272 BIF
1 BIF = 0.190 XOF
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1 XOF = 0.001 BHD
1 BHD = 1500.532 XOF
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1 XOF = 0.012 BOB
1 BOB = 81.684 XOF
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1 XOF = 0.003 AZN
1 AZN = 331.882 XOF
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1 XOF = 0.155 BTN
1 BTN = 6.437 XOF
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1 XOF = 0.896 CRC
1 CRC = 1.116 XOF
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1 XOF = 0.037 CZK
1 CZK = 26.874 XOF
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1 XOF = 0.013 CNY
1 CNY = 78.540 XOF
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1 XOF = 0.011 DKK
1 DKK = 88.016 XOF
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1 XOF = 0.246 ETB
1 ETB = 4.072 XOF
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1 XOF = 15.372 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 = 28.886 IDR
1 IDR = 0.035 XOF
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1 XOF = 0.284 JMD
1 JMD = 3.525 XOF
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1 XOF = 0.155 KGS
1 KGS = 6.452 XOF
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1 XOF = 0.003 BAM
1 BAM = 335.394 XOF
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1 XOF = 0.003 ANG
1 ANG = 313.636 XOF
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1 XOF = 0.025 BWP
1 BWP = 39.471 XOF
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1 XOF = 0.002 BND
1 BND = 439.169 XOF
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1 XOF = 5.101 CDF
1 CDF = 0.196 XOF
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1 XOF = 0.004 BZD
1 BZD = 281.256 XOF
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1 XOF = 58.423 BYR
1 BYR = 0.017 XOF
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1 XOF = 0.003 BGN
1 BGN = 335.394 XOF
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1 XOF = 0.002 CAD
1 CAD = 410.118 XOF
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1 XOF = 0.230 DZD
1 DZD = 4.343 XOF
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1 XOF = 0.027 ERN
1 ERN = 37.613 XOF
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1 XOF = 0.086 EGP
1 EGP = 11.632 XOF
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1 XOF = 0.004 FJD
1 FJD = 250.444 XOF
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1 XOF = 0.001 GBP
1 GBP = 758.517 XOF
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1 XOF = 0.001 FKP
1 FKP = 758.517 XOF
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1 XOF = 0.014 GTQ
1 GTQ = 73.626 XOF
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1 XOF = 0.014 HKD
1 HKD = 71.875 XOF
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1 XOF = 0.602 HUF
1 HUF = 1.661 XOF
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1 XOF = 2.321 IQD
1 IQD = 0.431 XOF
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1 XOF = 74.460 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 = 2.461 KRW
1 KRW = 0.406 XOF
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1 XOF = 0.148 ALL
1 ALL = 6.757 XOF
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1 XOF = 0.215 BDT
1 BDT = 4.647 XOF
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1 XOF = 0.003 AWG
1 AWG = 315.196 XOF
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1 XOF = 0.010 BRL
1 BRL = 103.853 XOF
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1 XOF = 0.000 BCH
1 BCH = 318397.291 XOF
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1 XOF = 0.000 BTC
1 BTC = 70525000.000 XOF
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1 XOF = 0.007 AED
1 AED = 153.628 XOF
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1 XOF = 1.616 AOA
1 AOA = 0.619 XOF
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1 XOF = 0.002 BSD
1 BSD = 564.200 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 = 171.167 XOF
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1 XOF = 7.180 COP
1 COP = 0.139 XOF
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1 XOF = 0.042 CUP
1 CUP = 23.541 XOF
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1 XOF = 0.000 ETH
1 ETH = 2380590.717 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 = 21.532 XOF
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1 XOF = 0.129 GMD
1 GMD = 7.781 XOF
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1 XOF = 0.001 GIP
1 GIP = 758.517 XOF
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1 XOF = 0.232 HTG
1 HTG = 4.313 XOF
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1 XOF = 0.001 JOD
1 JOD = 795.769 XOF
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1 XOF = 0.262 JPY
1 JPY = 3.820 XOF
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1 XOF = 0.121 AFN
1 AFN = 8.270 XOF
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1 XOF = 0.004 BBD
1 BBD = 282.100 XOF
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1 XOF = 0.002 BMD
1 BMD = 564.200 XOF
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1 XOF = 0.688 AMD
1 AMD = 1.453 XOF
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1 XOF = 0.001 CHF
1 CHF = 697.111 XOF
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1 XOF = 0.316 DJF
1 DJF = 3.161 XOF
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1 XOF = 0.108 DOP
1 DOP = 9.238 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 = 209.242 XOF
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1 XOF = 0.019 GHS
1 GHS = 53.484 XOF
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1 XOF = 0.370 GYD
1 GYD = 2.699 XOF
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1 XOF = 0.006 ILS
1 ILS = 164.432 XOF
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1 XOF = 0.155 INR
1 INR = 6.437 XOF
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1 XOF = 0.218 ISK
1 ISK = 4.594 XOF
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1 XOF = 7.097 KHR
1 KHR = 0.141 XOF
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1 XOF = 0.229 KES
1 KES = 4.368 XOF
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1 XOF = 0.001 KWD
1 KWD = 1846.627 XOF
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1 XOF = 0.960 KZT
1 KZT = 1.042 XOF
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1 XOF = 0.533 LKR
1 LKR = 1.876 XOF
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1 XOF = 0.016 MAD
1 MAD = 62.474 XOF
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1 XOF = 3.721 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 = 12.421 XOF
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1 XOF = 0.707 MRO
1 MRO = 1.415 XOF
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1 XOF = 0.027 MVR
1 MVR = 36.572 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 = 336.194 XOF
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1 XOF = 0.249 NPR
1 NPR = 4.021 XOF
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1 XOF = 0.101 PHP
1 PHP = 9.924 XOF
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1 XOF = 0.502 PKR
1 PKR = 1.992 XOF
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1 XOF = 2.562 RWF
1 RWF = 0.390 XOF
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1 XOF = 0.000 LTC
1 LTC = 68000.482 XOF
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1 XOF = 0.033 MXN
1 MXN = 30.427 XOF
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1 XOF = 0.065 NIO
1 NIO = 15.405 XOF
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1 XOF = 0.008 RON
1 RON = 129.531 XOF
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1 XOF = 1.595 KPW
1 KPW = 0.627 XOF
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1 XOF = 0.001 KYD
1 KYD = 688.049 XOF
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1 XOF = 158.660 LBP
1 LBP = 0.006 XOF
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1 XOF = 0.010 LYD
1 LYD = 103.962 XOF
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1 XOF = 38.286 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 = 2.813 XOF
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1 XOF = 0.094 MKD
1 MKD = 10.681 XOF
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1 XOF = 0.031 LSL
1 LSL = 31.800 XOF
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1 XOF = 0.014 MOP
1 MOP = 69.782 XOF
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1 XOF = 0.030 MDL
1 MDL = 33.504 XOF
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1 XOF = 0.031 NAD
1 NAD = 31.800 XOF
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1 XOF = 0.008 MYR
1 MYR = 133.091 XOF
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1 XOF = 0.001 OMR
1 OMR = 1465.378 XOF
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1 XOF = 2.718 NGN
1 NGN = 0.368 XOF
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1 XOF = 0.007 PGK
1 PGK = 136.159 XOF
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1 XOF = 0.002 PAB
1 PAB = 564.200 XOF
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1 XOF = 0.006 PEN
1 PEN = 159.934 XOF
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1 XOF = 0.018 NOK
1 NOK = 54.905 XOF
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1 XOF = 0.006 PLN
1 PLN = 154.851 XOF
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1 XOF = 13.248 PYG
1 PYG = 0.075 XOF
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1 XOF = 0.006 QAR
1 QAR = 155.000 XOF
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1 XOF = 0.015 SBD
1 SBD = 66.378 XOF
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1 XOF = 0.007 SAR
1 SAR = 150.453 XOF
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1 XOF = 0.002 SGD
1 SGD = 439.169 XOF
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1 XOF = 40.243 SLL
1 SLL = 0.025 XOF
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1 XOF = 0.057 THB
1 THB = 17.458 XOF
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1 XOF = 0.053 TWD
1 TWD = 18.886 XOF
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1 XOF = 0.074 UAH
1 UAH = 13.601 XOF
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1 XOF = 6.320 UGX
1 UGX = 0.158 XOF
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1 XOF = 0.066 SRD
1 SRD = 15.173 XOF
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1 XOF = 37.553 STD
1 STD = 0.027 XOF
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1 XOF = 0.072 TRY
1 TRY = 13.857 XOF
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1 XOF = 0.012 TTD
1 TTD = 83.375 XOF
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1 XOF = 0.004 TOP
1 TOP = 239.840 XOF
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1 XOF = 22.318 UZS
1 UZS = 0.045 XOF
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1 XOF = 0.426 YER
1 YER = 2.345 XOF
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1 XOF = 0.031 ZAR
1 ZAR = 31.800 XOF
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1 XOF = 0.178 RSD
1 RSD = 5.608 XOF
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1 XOF = 0.142 RUB
1 RUB = 7.056 XOF
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1 XOF = 1.012 SOS
1 SOS = 0.988 XOF
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1 XOF = 0.016 SVC
1 SVC = 64.480 XOF
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1 XOF = 23.045 SYP
1 SYP = 0.043 XOF
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1 XOF = 0.031 SZL
1 SZL = 31.800 XOF
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1 XOF = 0.005 TND
1 TND = 195.923 XOF
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1 XOF = 0.071 UYU
1 UYU = 14.128 XOF
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1 XOF = 46.475 VND
1 VND = 0.022 XOF
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1 XOF = 0.212 VUV
1 VUV = 4.725 XOF
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1 XOF = 0.005 WST
1 WST = 212.593 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 = 208.963 XOF
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1 XOF = 0.025 SCR
1 SCR = 39.323 XOF
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1 XOF = 0.017 SEK
1 SEK = 58.924 XOF
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1 XOF = 0.001 SHP
1 SHP = 758.517 XOF
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1 XOF = 4.380 TZS
1 TZS = 0.228 XOF
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1 XOF = 0.002 USD
1 USD = 564.200 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.