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 0.001329
Selling rate
FCFA0.002256
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The Central African CFA franc (symbol: FCFA; code: XAF) is used in six Central African countries.
Currency Details
- Country code CF
- Symbol FCFA
- ISO Code XAF
- Subunits 1 Franc = 100 Centimes
Coins
- 1 franc
- 2 francs
- 5 francs
- 10 francs
- 25 francs
- 50 francs
- 100 francs
- 500 francs
Banknotes
- 500 francs
- 1000 francs
- 2000 francs
- 5000 francs
- 10000 francs
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)
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)
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.