US Dollar to CFA Franc BEAC Exchange Rate

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= £ 592.2642

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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.

Send money from USD to XAF

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour USD 3.99 588.711 XAF 292,006 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1 3 - 5 days USD 0.00 580.419 XAF 290,209 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

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Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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

Oct 07 Oct 08 Oct 09 Oct 10 Oct 11 Oct 12 Oct 13 Oct 14 Oct 15 Oct 16
1 USD = 597.8191 Inverse: 0.0017 598.5036 Inverse: 0.0017 597.1722 Inverse: 0.0017 595.7380 Inverse: 0.0017 594.2183 Inverse: 0.0017 594.4217 Inverse: 0.0017 594.8008 Inverse: 0.0017 594.9193 Inverse: 0.0017 594.5140 Inverse: 0.0017 592.3263 Inverse: 0.0017

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

Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019
1 USD = 580.2578 Inverse: 0.0017 575.4060 Inverse: 0.0017 580.6728 Inverse: 0.0017 577.7098 Inverse: 0.0017 583.3065 Inverse: 0.0017 587.3777 Inverse: 0.0017 580.7763 Inverse: 0.0017 584.7622 Inverse: 0.0017 591.4108 Inverse: 0.0017 595.2580 Inverse: 0.0017

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

Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018
1 USD = 473.6287 Inverse: 0.0021 485.8405 Inverse: 0.0021 477.9876 Inverse: 0.0021 506.2868 Inverse: 0.0020 485.0478 Inverse: 0.0021 513.0550 Inverse: 0.0019 576.9207 Inverse: 0.0017 598.1496 Inverse: 0.0017 554.9429 Inverse: 0.0018 567.8986 Inverse: 0.0018

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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