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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 90-day view

USD/XOF at 561.53 is a little below its 90-DAY average, range 549.56 - 586.75 .
🔔 Today USD/XOF is UP 0.8% and at 30-DAY HIGHS.
|
Alerts:1-DAY0.8% | 30-DAY HIGHS |
 
Recent USD to XOF 90-day trend

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

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.

The above interactive chart shows the USD to XOF exchange rate, trend and recent alerts for the last 90 days.

US Dollar to West African Franc - Historical Rates

USD/XOF rateChangePeriod
15 Sep 2020 : 553.91481.1% ▲1 Week
23 Aug 2020 : 555.92140.8% ▲30 Days
24 Jun 2020 : 583.07553.9% ▼90 Days
23 Sep 2019 : 596.64236.1% ▼1 Year
24 Sep 2015 : 586.26574.4% ▼5 Years
25 Sep 2010 : 490.716114.2% ▲10 Years

USD/XOF 10 year historic rates & change to 22-Sep-2020 : 560.2400

 

U$10,000 USD
=
5,617,639 XOF

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

US Dollar to West African Franc - Quick Conversions

USD XOF
U$ 1 561.76
U$ 5 2,809
U$ 10 5,618
U$ 20 11,235
U$ 50 28,088
U$ 100 56,176
U$ 250 140,440
U$ 500 280,880
U$ 1,000 561,760
U$ 2,000 1,123,520
U$ 5,000 2,808,800
U$ 10,000 5,617,600
U$ 50,000 28,088,000
U$ 100,000 56,176,000
More amounts
USD XOF
U$ 0.0018 1
U$ 0.0089 5
U$ 0.0178 10
U$ 0.0356 20
U$ 0.0890 50
U$ 0.1780 100
U$ 0.4450 250
U$ 0.8900 500
U$ 1.7800 1,000
U$ 3.5600 2,000
U$ 8.9000 5,000
U$ 17.80 10,000
U$ 89.00 50,000
U$ 178.00 100,000
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.

 

Sending money to Burkina Faso

When searching around for information on how to get a good exchange rate when sending money to Burkina Faso you need to start with finding out the latest West African Franc exchange rate for foreign-transfers, which can be very different to the wholesale rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees 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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