Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
    eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

    Equatorial Guinea - Central African franc - Currency Guide

     

    Foreign exchange guide to Equatorial Guinea and the Central African franc (XAF)

         

    USD/XAF Trend (90-day)

    USD to XAF at 563.3 is 0.8% above its 90-day average, range 551.8-568.8.
    |
    14-DAYLOW
     

    The below interactive chart displays the USD/XAF trend and UP DOWN HIGH LOW alerts

     
    USD to XAF Currency Trend Chart

    General Currency Info - Central African franc

    The Central African CFA franc (XAF) is the currency of six independent states in Central Africa - Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. The currency was introduced to the previously French colonies in Equatorial Africa in 1945, replacing the French Equatorial African franc. The currency continued in use when these colonies gained their independence. Equatorial Guinea, the only former Spanish colony in the zone, adopted the CFA franc in 1984.

    In several west African states the West African CFA franc (currency code XOF) is in circulation, such as Benin - West African CFA franc. The West African CFA franc is of equal value to the Central African CFA franc.

    Both XAF and XOF currencies are referred to as the CFA franc.

       

    XAF Forecasts and Trends

    The Central African CFA franc has a fixed rate of exchange with the euro (and previously the French franc) set at 1 euro = 655.957 CFA francs.

    The CFA franc is characterised as a credible and stable currency, a significant virtue given the experience of most currency-issuing African nations.

    US dollar to Central African franc - Historical Rates

    USD/XAF wasChangePeriod
    564.58
    04 Oct 2021
    0.1% 2 Weeks
    556.72
    20 Jul 2021
    1.5% 90 Days
    559.84
    18 Oct 2020
    0.9% 1 Year
    597.89
    19 Oct 2016
    5.5% 5 Years
    478.14
    21 Oct 2011
    18.1% 10 Years
    738.11
    23 Oct 2001
    23.5% 20 Years
    USD/XAF change over periods to 18-Oct-2021
     

    $10,000 USD
    =
    FCFA5,631,256 XAF

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

    USD to XAF - Quick Amounts

    Sell USD   →   Buy XAF
    USD XAF
    $ 1 FCFA 563.13
    $ 5 FCFA 2,816
    $ 10 FCFA 5,631
    $ 20 FCFA 11,263
    $ 50 FCFA 28,157
    $ 100 FCFA 56,313
    $ 250 FCFA 140,783
    $ 500 FCFA 281,565
    $ 1,000 FCFA 563,130
    $ 2,000 FCFA 1,126,260
    $ 5,000 FCFA 2,815,650
    $ 10,000 FCFA 5,631,300
    $ 20,000 FCFA 11,262,600
    $ 50,000 FCFA 28,156,500
    $ 100,000 FCFA 56,313,000
    USD XAF
    $ 0.0018 FCFA 1
    $ 0.0089 FCFA 5
    $ 0.0178 FCFA 10
    $ 0.0355 FCFA 20
    $ 0.0888 FCFA 50
    $ 0.1776 FCFA 100
    $ 0.4440 FCFA 250
    $ 0.8880 FCFA 500
    $ 1.7760 FCFA 1,000
    $ 3.5520 FCFA 2,000
    $ 8.8800 FCFA 5,000
    $ 17.76 FCFA 10,000
    $ 35.52 FCFA 20,000
    $ 88.80 FCFA 50,000
    $ 177.60 FCFA 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Equatorial Guinea?

    The domestic currency in Equatorial Guinea is the Central African franc.

    What is the Central African franc currency code and symbol?

    The three letter currency code for the Central African franc is XAF — symbol is FCFA.

    Which countries use the Central African franc?

    It is the domestic currency in    Cameroon,   Central African Republic,   Chad,   Congo,   Equatorial Guinea and Gabon.

    Is the Central African franc a closed currency?

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

     

    Travel, Currency and Money saving tips for Equatorial Guinea

    The capital, Malabo, boasts fascinating colonial architecture alongside sleek oil company high-rises, yet retains its African flavour with colourful markets and a bustling port. On Bioko Island, are volcanic views, fishing villages, rainforests full of endangered primates, vibrant birdlife and shores of nesting sea turtles.

    What currency should I use in Equatorial Guinea?

    Cash is king in Equatorial Guinea. Make sure you have plenty of foreign currency to exchange for large purchases such as airline tickets. Equatorial Guinea is a part of the French Monetary Area, and the Bank of Central African States (Banque des Etats de l’Afrique Centrale) issues currency called the Communaute Financiere Africaine franc, which is abbreviated XAF or CFA.

    ATMs can be found at all banks in Malabo and Bata, but not elsewhere. They often don't work, only take Visa cards and only give small amounts (usually no more than CFA100,000 per day), meaning frequent trips to the bank. Note that many ATMs start to run dry from Thursday evenings in anticipation of the weekend. This is particularly noticeable towards the end of the month. You can change euros or US dollars at banks in most towns or bureaux de change such as Pecunia Express that has branches in both Malabo and Bata.

    Credit cards can only be used in top-end hotels and restaurants. Local airlines and car-hire agencies do not generally accept credit cards. You cannot withdraw cash over the counter in banks using your credit card.

    Getting around in Equatorial Guinea.

    Malabo International Airport lies 9km west of the city centre.. In the main building, there is a cafe, a bank that is only open during banking hours, and an ATM that often does not accept cards. It's worth having euros or dollars in small denominations if you are unable to withdraw cash and have to pay for a taxi in foreign currency.

    Roads are excellent in Equatorial Guinea. There are tolls on all roads outside of the cities that cost CFA500 per vehicle. Car hire is expensive: expect to pay at least CFA70,000 per day, and there's a hefty deposit of around CFA250,000.In towns and cities, there are plenty of shared taxis to hail for short journeys. They are usually white with a coloured stripe along the side. They will hoot if they're free, and if they are not going in your direction, will simply drive away. There is no railway in Equatorial Guinea.

     

    Travel money for Equatorial Guinea

    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.

     

    Send Money to Equatorial Guinea - Best Rates

    To get a good (and fair) exchange rate when sending money to Equatorial Guinea 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 Equatorial Guinea

    When sending money to Equatorial Guinea 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 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 Equatorial Guinea.

    Use the above Send to Central 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 Central African franc deposited into the recipient bank account and less margins and fees kept by the banks!


    Country/Currency Guides - A to Z


    A
    B
    C
    D
    E
    F
    G
    H
    I
    J
    K
    L
    M
    N
    O
    P
    Q
    R
    S
    T
    U
    V
    W
    Y
    Z