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US Dollar to CFA Franc BEAC Exchange Rate

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Historical Rate chart of USD and XAF

Updated: 24 Feb 2020 19:28:33 UTC

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How can I get the best exchange rate between the US dollar and the Central African CFA franc?

Since the CFA franc is pegged to the euro, it’s typically recommended that travelers from the US exchange their money into euros. You’ll get best cash exchange rate using euros in any of the former French colonies that now use the Central African CFA franc. In addition, the euro to CFA franc exchange rate is constant at 655.9 francs per euro, which makes it easy to compare different currency exchange providers.

Sending money to any of the countries using the Central African CFA franc can be done using an online money transfer company. Most of these service providers offer competitive exchange rates between USD and XAF, plus fast transaction times.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.

CFA Franc BEAC

The CFA franc BEAC (Banque des Etats de l’Afrique Centrale) is the currency for the central African countries of Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. The CFA franc BEAC was introduced to five French colonies in 1945, replacing the French Equatorial African franc.

What affects exchange rates between the US dollar and the Central African CFA franc?

Because of the peg between the CFA franc and the euro, the exchange rate between the US dollar and the CFA franc follows the exchange rate between the US dollar and the euro.

The euro currency is managed by the European Central Bank traded freely on the global foreign exchange market. Economic growth in both the US and the EU, as well as interest rates in both countries can greatly impact exchange rates between the two currencies —and therefore the rate between the dollar and the CFA franc.

As of 2018, the countries that use the Central African CFA franc are:

Cameroon
Central African Republic
Chad

Republic of the Congo
Equatorial Guinea
Gabon

Did you know?

There’s another group of countries further west in Africa that uses another version of the CFA franc known as the West African CFA franc. These are separate currencies, although they’re of equal value.

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How does the Central African CFA franc trade against the US dollar historically?

The CFA franc is pegged to the euro at 655.9 francs per euro, a rate that’s remained the same since a devaluation in 1994.

The overall trend over the past 10 years has seen the CFA franc gradually weaken compared to the US dollar. The highest value in those 10 years was seen during the Financial Crisis in 2008 when you’d need only about 400 francs to get 1 US dollar. Later that year, the US economy started to recover and the value of the franc plunged to a rate of about 520 francs per dollar.

The value of the CFA franc remained at about the same level until late 2014, when it started to lose value compared to the US dollar. By 2015, the exchange rate had stabilized to a level of about 580 CFA francs for each US dollar.

US Dollar to the CFA Franc BEAC for the last 10 days

	Feb 14	Feb 15	Feb 16	Feb 17	Feb 18	Feb 19	Feb 20	Feb 21	Feb 22	Feb 23
1 USD =	605.6572 Inverse: 0.0017	605.6376 Inverse: 0.0017	605.0538 Inverse: 0.0017	605.2101 Inverse: 0.0017	607.5645 Inverse: 0.0016	606.8165 Inverse: 0.0016	608.0573 Inverse: 0.0016	604.7638 Inverse: 0.0017	604.7331 Inverse: 0.0017	605.1990 Inverse: 0.0017

US Dollar to the CFA Franc BEAC for the last 10 months

	Apr 2019	May 2019	Jun 2019	Jul 2019	Aug 2019	Sep 2019	Oct 2019	Nov 2019	Dec 2019	Jan 2020
1 USD =	587.9999 Inverse: 0.0017	585.2955 Inverse: 0.0017	576.9952 Inverse: 0.0017	588.5731 Inverse: 0.0017	583.7832 Inverse: 0.0017	596.6423 Inverse: 0.0017	589.2270 Inverse: 0.0017	595.1721 Inverse: 0.0017	591.9976 Inverse: 0.0017	591.7448 Inverse: 0.0017

US Dollar to the CFA Franc BEAC for the last 10 years

	Feb 2010	Feb 2011	Feb 2012	Feb 2013	Feb 2014	Feb 2015	Feb 2016	Feb 2017	Feb 2018	Feb 2019
1 USD =	494.6192 Inverse: 0.0020	491.9099 Inverse: 0.0020	491.8821 Inverse: 0.0020	497.0698 Inverse: 0.0020	478.2534 Inverse: 0.0021	576.9863 Inverse: 0.0017	595.0025 Inverse: 0.0017	621.9978 Inverse: 0.0016	534.1387 Inverse: 0.0019	578.4198 Inverse: 0.0017

Market rate for common transfer amounts USD to XAF

US Dollars (USD)	CFA Franc BEAC (XAF)
$1	0
$100	0
$500	0
$1000	0
$1500	0
$2500	0
$5000	0

Exchange rates from USD to other currencies

View all USD currency pair exchange rates

Adrienne Fuller

Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.

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