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    Currency in Mali XOF - Things to know

    Foreign exchange guide to Mali and the West African franc

    Mali

    What currency is used in Mali?

    The official currency of Mali (country code: ML) is the West African franc, with symbol and currency code XOF.

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    Things to know about the 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.

    An example West African franc banknote

     

    Travel money for Mali

    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.

     
       
     

    USD/XOF Market Data

    The below interactive chart displays the USD/XOF change and UP📈 DOWN📉 trends over the past 1 Year.

     
    1 USD =
    617.15We compare provider deals to this wholesale mid-market rate. Read more
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    Frequently Asked Questions

    What currency should I use in Mali?

    The domestic currency in Mali 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?

    What are equivalent amounts of USD and XOF?

    Here are some popular conversion amounts for USD to XOF (US dollar to West African franc)*.

    USD XOF
    $ 1 617.15
    $ 5 3,086
    $ 10 6,172
    $ 20 12,343
    $ 50 30,858
    $ 100 61,715
    $ 250 154,288
    $ 500 308,575
    $ 1,000 617,150
    $ 2,000 1,234,300
    $ 5,000 3,085,750
    $ 10,000 6,171,500
    $ 20,000 12,343,000
    $ 50,000 30,857,500
    $ 100,000 61,715,000
    USD XOF
    $ 0.0016 1
    $ 0.0081 5
    $ 0.0162 10
    $ 0.0324 20
    $ 0.0810 50
    $ 0.1620 100
    $ 0.4050 250
    $ 0.8100 500
    $ 1.6200 1,000
    $ 3.2400 2,000
    $ 8.1000 5,000
    $ 16.20 10,000
    $ 32.40 20,000
    $ 81.00 50,000
    $ 162.00 100,000

    More amounts

    *Converted at the current USDXOF interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

    Send Money to Mali - Best Rates

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

    When sending money to Mali 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 Mali.

    Use the above 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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