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US dollar to Central African CFA franc BEAC exchange rate

Find the best USD/XAF exchange rate for 25 Feb 2021.

Refreshing in: 60s | Fri, Feb 26, 04:35AM GMT

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Historical Rate chart of USD and XAF

Updated: 26 Feb 2021 04:35:35 UTC

Looking for the best exchange rate?

There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

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 16	Feb 17	Feb 18	Feb 19	Feb 20	Feb 21	Feb 22	Feb 23	Feb 24	Feb 25
1 USD =	542.6402 Inverse: 0.0018	544.5099 Inverse: 0.0018	542.4734 Inverse: 0.0018	541.3124 Inverse: 0.0018	541.2968 Inverse: 0.0018	541.0099 Inverse: 0.0018	539.2524 Inverse: 0.0019	539.8369 Inverse: 0.0019	538.9958 Inverse: 0.0019	539.5299 Inverse: 0.0019

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

	Apr 2020	May 2020	Jun 2020	Jul 2020	Aug 2020	Sep 2020	Oct 2020	Nov 2020	Dec 2020	Jan 2021
1 USD =	603.0422 Inverse: 0.0017	590.6863 Inverse: 0.0017	584.5277 Inverse: 0.0017	559.7485 Inverse: 0.0018	554.9188 Inverse: 0.0018	563.9488 Inverse: 0.0018	555.4602 Inverse: 0.0018	550.3479 Inverse: 0.0018	538.0159 Inverse: 0.0019	539.1202 Inverse: 0.0019

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

	Feb 2011	Feb 2012	Feb 2013	Feb 2014	Feb 2015	Feb 2016	Feb 2017	Feb 2018	Feb 2019	Feb 2020
1 USD =	491.3718 Inverse: 0.0020	490.7944 Inverse: 0.0020	500.2041 Inverse: 0.0020	478.9534 Inverse: 0.0021	581.3672 Inverse: 0.0017	597.9290 Inverse: 0.0017	620.8827 Inverse: 0.0016	533.7975 Inverse: 0.0019	577.1744 Inverse: 0.0017	602.9101 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

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US dollar to Central African CFA franc BEAC exchange rate

Find the best USD/XAF exchange rate for 25 Feb 2021.