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Burkina Faso - West African Franc - Currency Guide

 

Foreign exchange guide to Burkina Faso and the West African Franc (XOF)

     

USD/XOF Trend (90-day)

USDXOF at 536.65 is a little below its 90-DAY average, range 532.11-550.62.
🔔 USDXOF is DOWN 0.6% TODAY and at 30-DAY LOWS.
|
Alerts:1-DAY0.6% | 30-DAY LOWS |
 
Recent USD to XOF Trend + Alerts

The above interactive chart shows the USD/XOF Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

General Currency Info - West African Franc

The West Africa CFA franc (XAF) is the currency of six independent states in Western Africa - Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.

In several central African states the Central African CFA franc (currency code XAF) is in circulation, such as Cameroon - Central African CFA franc. The Central African CFA franc is of equal value to the West African franc. Both XAF and XOF currencies are referred to as the CFA franc.

   

XOF News, Forecasts and Trends

Forecasts

The West Africa CFA franc has a fixed rate of exchange with the euro (and previously the French franc) set at 1 euro = 655.957 XOF. The XOF franc is characterised as a credible and stable currency, a significant virtue given the experience of most currency-issuing African nations.

US Dollar to West African Franc - Historical Rates

USD/XOFChangePeriod
544.51
17 Feb 2021
1% ▼1 Week
540.20
25 Jan 2021
0.2% ▼30 Days
550.72
26 Nov 2020
2.1% ▼90 Days
602.91
25 Feb 2020
10.6% ▼1 Year
600.91
26 Feb 2016
10.3% ▼5 Years
478.80
27 Feb 2011
12.6% ▲10 Years

USD/XOF 10 year historic rates & change to 24-Feb-2021 : 539.09

 

$10,000 USD
=
5,365,737 XOF

Converted at USD/XOF interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to West African Franc - Quick Convert

USD XOF
$ 1 536.57
$ 5 2,683
$ 10 5,366
$ 20 10,731
$ 50 26,829
$ 100 53,657
$ 250 134,143
$ 500 268,285
$ 1,000 536,570
$ 2,000 1,073,140
$ 5,000 2,682,850
$ 10,000 5,365,700
$ 50,000 26,828,500
$ 100,000 53,657,000
More amounts
USD XOF
$ 0.0019 1
$ 0.0093 5
$ 0.0186 10
$ 0.0373 20
$ 0.0932 50
$ 0.1864 100
$ 0.4660 250
$ 0.9320 500
$ 1.8640 1,000
$ 3.7280 2,000
$ 9.3200 5,000
$ 18.64 10,000
$ 93.20 50,000
$ 186.40 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Burkina Faso?

The domestic currency in Burkina Faso is the West African Franc.

What is the West African Franc currency code and symbol?

The three letter currency code for the West African Franc is XOF.

Which countries use the West African Franc?

It is the domestic currency in    Senegal,   Benin,   Burkina Faso,   Ivory Coast,   Guinea-Bissau,   Mali,   Niger and Togo.

Is the West African Franc a closed currency?

No, the West African Franc is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Burkina Faso

Whether it's the mud architecture of the Tiebele royal court or the grand mosque, the reserve de Nazinga wildlife park, or the stepped waterfalls, there are many worthwhile reasons to visit landlocked Burkina Faso. The currency is Communaute Financiere Africaine Francs (XOF). If you are bringing foreign currency for exchange, euros will be the safest bet . ATMs are widespread in cities and credit cards are not generally accepted. Unfortunately, at the time of writing April 2018, many countries are advising against non-essential travel to Burkina due to the high risk of terrorist attacks. The Zika virus is also considered a risk at present.

 

Travel money for Burkina Faso

Save money and time by Ordering your West African Franc online from Travelex, you get better rates and can pick up the XOF 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 West African Franc otherwise you may get much worst exchange rates.

 

Send Money to Burkina Faso - Best Rates

To get a good (and fair) exchange rate when sending money to Burkina Faso you need to find and compare exchange rates for International Money Transfers (IMTs).

The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Burkina Faso

When sending money to Burkina Faso 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 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or West 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 XOF amount will be transfered to the recipient account you specify in Burkina Faso.

Use the above Send to West African Franc calculator to compare the exchange 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 West African Franc deposited into the recipient bank account and less margins and fees kept by the banks!


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