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US dollar to CFA franc exchange rate

Find the best USD/XOF exchange rate for 05 Mar 2021.

Live Rate

= £ 550.5568

Refreshing in: 60s | Fri, Mar 05, 05:19PM GMT

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Historical Rate chart of USD and XOF

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Updated: 05 Mar 2021 17:19:34 UTC

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Send money to West Africa with WorldRemit

WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.

  • No minimum transfers.
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How can I get the best exchange rate between the US dollar and the West African CFA franc?

Just like the Central African CFA franc, the West African CFA franc is pegged to the euro at a fixed rate, making exchanges between the euro and the West African CFA franc easy and predictable. But, making an exchange with US dollars is slightly more complicated as rates fluctuate following the exchange rate between the dollar and euro. Because of this, some travelers recommend exchanging dollars into euros first and then exchanging euros for CFA francs when you reach your destination.

When it comes to money transfers to any of the countries that use the West African CFA franc, online money transfer services are your best option. When sending money, be aware of exchange rates, service fees and transaction times.

Did you know?

The West African CFA franc is sometimes also called the CFA franc BCEAO. CFA is a French acronym for the Financial Community of Africa, and BCEAO refers to the Central Bank of West African States, which is the issuer of the currency.

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 BCEAO

The CFA franc BCEAO is used by the eight independent states in West Africa: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Sénégal and Togo. It replaced the French franc in 1945.

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

The exchange rate of the West African CFA franc follows the euro, so we need to understand what drives the exchange rate between the dollar and the euro. These two currencies are the two most traded currencies in the world today, with billions of dollars’ worth of currency changing hands every day.

Interest rates and economic growth in the EU have a big impact on the value of the euro against the dollar. Political problems within the EU can negatively affect the exchange rate — events like the UK leaving the EU, also known as Brexit — causing the euro to drop in value compared to the US dollar. With the CFA franc being pegged to the euro, similar events to Brexit can have an impact on the exchange rate between the CFA franc and the dollar.

The countries currently using the West African CFA franc are:

  • Ivory Coast (Côte d’Ivoire)
  • Senegal
  • Burkina Faso
  • Mali
  • Niger
  • Togo
  • Benin
  • Bissao Guinea

Send money from USD to XOF

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day USD 0.00 545.051 XOF 2,725,256 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
USD 1 Same day USD 0.00 548.079 XOF 2,740,397 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 539.546 XOF 2,696,655 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
$1 Within an hour USD 3.99 548.244 XOF 2,739,035 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details

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Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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How does the West African CFA franc trade against the US dollar historically?

Since the West African CFA franc is pegged to the euro at a rate of 655.9 francs per euro, fluctuations in the exchange rate between the CFA franc and US dollar are the same as the euro and the US dollar.

Overall, the CFA franc has been weakening compared to the US dollar over the past decade. The currency had its strongest moment compared to the US dollar in 2008, when the dollar weakened as a result of the financial crisis — you’d only need about 400 francs to buy 1 US dollar. However, the number rose to about 520 francs per dollar by the end of the year.

Since 2014, there hasn’t been any major movements in the exchange rate between UDS and XOF.

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

Feb 23 Feb 24 Feb 25 Feb 26 Feb 27 Feb 28 Mar 01 Mar 02 Mar 03 Mar 04
1 USD = 539.8369 Inverse: 0.0019 538.9958 Inverse: 0.0019 539.5299 Inverse: 0.0019 543.3671 Inverse: 0.0018 543.3661 Inverse: 0.0018 542.5427 Inverse: 0.0018 544.4214 Inverse: 0.0018 542.7839 Inverse: 0.0018 544.5118 Inverse: 0.0018 548.0860 Inverse: 0.0018

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

May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021
1 USD = 598.4463 Inverse: 0.0017 583.8345 Inverse: 0.0017 583.3323 Inverse: 0.0017 555.2527 Inverse: 0.0018 554.1114 Inverse: 0.0018 556.4074 Inverse: 0.0018 555.1179 Inverse: 0.0018 541.2053 Inverse: 0.0018 531.6367 Inverse: 0.0019 544.4056 Inverse: 0.0018

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

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 USD = 470.4171 Inverse: 0.0021 495.9427 Inverse: 0.0020 503.3610 Inverse: 0.0020 477.6496 Inverse: 0.0021 593.1458 Inverse: 0.0017 602.4890 Inverse: 0.0017 622.2707 Inverse: 0.0016 532.5082 Inverse: 0.0019 578.6222 Inverse: 0.0017 586.8942 Inverse: 0.0017

Market rate for common transfer amounts USD to XOF

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

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