Currency Rate Central Africa Franc to USD
Our Currency Rate XAF latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the XAF. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
FCFA 0.001216
Selling rate
FCFA0.002065
Introducing the Central African CFA Franc (XAF), a currency that has served as a pillar of economic stability and cooperation within the Economic and Monetary Community of Central Africa (CEMAC) since 1945.
Central African CFA Franc (XAF)
Currency Details
Symbol: FCFA
ISO Code: XAF
Subunits: 1 Central African CFA Franc = 100 centimes
Banknotes and Coins
The Central African CFA Franc is available in both coins and banknotes:
Coins:
Coins are available in denominations of 1, 2, 5, 10, 25, 50, 100, 500 francs.
Banknotes:
Current banknotes in circulation:
500 francs
1000 francs
2000 francs
5000 francs
10,000 francs
The banknotes and coins of the Central African CFA Franc are issued by the central banks of member countries of the Economic and Monetary Community of Central Africa (CEMAC).
History and Background
Since 1945, the Central African CFA Franc has been the official currency for Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, and Gabon. The currency is guaranteed by the French Treasury and pegged to the euro, ensuring its stability and value.
Economic Significance
The XAF is vital to the economies of CEMAC (Economic and Monetary Community of Central Africa) member countries, supporting trade, investment, and daily transactions. Key economic sectors include oil production, agriculture, mining, and services, all of which benefit from a stable currency.
Usage and Exchange
The Central African CFA Franc is universally accepted within member countries, simplifying transactions for both locals and visitors. Exchanging foreign currency for XAF is straightforward, with numerous banks, exchange bureaus, and ATMs available. Additionally, credit and debit cards are widely used, facilitating convenient transactions for tourists and expatriates.
Conclusion
The Central African CFA Franc represents more than just a means of exchange; it symbolizes economic integration and stability within the CEMAC region. Knowledge of the XAF is crucial for anyone engaging with the economies of these member countries, whether as residents or visitors. The currency's stability and accessibility are fundamental to the region's economic growth and resilience.
Central African CFA Franc (XAF)
Currency Details
Symbol: FCFA
ISO Code: XAF
Subunits: 1 Central African CFA Franc = 100 centimes
Banknotes and Coins
The Central African CFA Franc is available in both coins and banknotes:
Coins:
Coins are available in denominations of 1, 2, 5, 10, 25, 50, 100, 500 francs.
Banknotes:
Current banknotes in circulation:
500 francs
1000 francs
2000 francs
5000 francs
10,000 francs
The banknotes and coins of the Central African CFA Franc are issued by the central banks of member countries of the Economic and Monetary Community of Central Africa (CEMAC).
History and Background
Since 1945, the Central African CFA Franc has been the official currency for Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, and Gabon. The currency is guaranteed by the French Treasury and pegged to the euro, ensuring its stability and value.
Economic Significance
The XAF is vital to the economies of CEMAC (Economic and Monetary Community of Central Africa) member countries, supporting trade, investment, and daily transactions. Key economic sectors include oil production, agriculture, mining, and services, all of which benefit from a stable currency.
Usage and Exchange
The Central African CFA Franc is universally accepted within member countries, simplifying transactions for both locals and visitors. Exchanging foreign currency for XAF is straightforward, with numerous banks, exchange bureaus, and ATMs available. Additionally, credit and debit cards are widely used, facilitating convenient transactions for tourists and expatriates.
Conclusion
The Central African CFA Franc represents more than just a means of exchange; it symbolizes economic integration and stability within the CEMAC region. Knowledge of the XAF is crucial for anyone engaging with the economies of these member countries, whether as residents or visitors. The currency's stability and accessibility are fundamental to the region's economic growth and resilience.