1. Guides
  2. Country Guides (A-Z)
  3. Cameroon - Foreign Exchange & Currency Guide

Foreign Exchange Guide to Cameroon

Latest market mid-rate: 1.0 =

Country Code:
CM
Domestic Currency:
Central African franc
Symbol - Code:
FCFA XAF
Telephone Prefix:
+237

In this guide we review :

  1. Central African franc info - general info about the Central African franc
  2. Travelling in Cameroon - currency & money saving tips
  3. Buying Central African franc cash online - travel money for Cameroon
  4. Sending money to Cameroon - save on Central African franc bank transfers to Cameroon
  5. Central African franc exchange rates - latest info & charts.

Central African franc (XAF) general currency information

The three letter currency code for the Central African franc is XAF and the symbol is FCFA. It is the domestic currency in Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon.


Cameroon currency and money saving tips

The currency is the Central African franc (CFA), ATMs are still a rarity in Cameroon. They're at the banks and hotels in Yaounde and Douala, but more difficult to find in other towns. The most acceptable credit card is Visa, then Mastercard, and AMEX. Cameroon has a cash economy, most businesses don't accept credit cards or travelers checks. Take Euro's as these are most easily changed. American dollars and travellers cheques are much more diffficult to exchange, but Euro's can be exchange in places around the country, especially main cities. Euro travelers' cheques, from Visa/Mastercard are the most widely used  and strongly recommended. Most of the main banks will exchange these, however service is slow, and plenty of time needs to be allowed for service. The quickest way to transfer money in an emergency is by Western Union, which has offices in Douala, and Yaounde.

Remember to keep CFA 10,000 or US$20  for departure tax at the airport. Departure tax on internal flights is CFA500, or US$1.00. Due to the exchange rate, it is cheaper to pay in CFA.



Cameroon Trip Checklist   

  1. Compare XAF travel cash rates - probably why you are here!
  2. Hotel deals - Save on your accomodation in Cameroon
  3. Travel insurance - for those unexpected travel adventures...
  4. Lonely Planet - world's best travel guide (coupon and deals)

Travel money for Cameroon

Save money and time by Ordering your Central African franc online from Travelex, you get better rates and can pick up the XAF cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Central African franc otherwise you may get much worst exchange rates.



Sending money to Cameroon

When sending money to Cameroon it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Central African franc amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted XAF amount will be transfered to the recipient account you specify in Cameroon.

By comparing the rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Central African franc deposited into the recipient bank account in Cameroon and less margins and fees kept by the banks!


Central African franc - exchange rates

Loading XAF/USD Chart
XAF calculator

Major XAF cross rates
View Full List (A-Z)
1XAF=

Best Exchange Rates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers


Level 2, AMP Tower, 50 Bridge Street, Sydney, NSW 2000, Australia

Disclaimer | Copyright | Privacy Statement


DISCLAIMER

Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to provide you with information about currency exchange products & services from multiple financial institutions.

We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.

If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.

Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website. Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.

Read our Full Terms of Service



COPYRIGHT

This website and its contents are the copyright of BEST EXCHANGE RATES PTY LTD © 2009-17. All rights reserved.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.

You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.

For more details or request distribution right please contacxt us here.