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Niger - West African Franc - Currency Guide

 

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

     

USD/XOF 90-day view

USDXOF at 541.08 is 2.5% below its 90-DAY average, range 539.99-564.31.
🔔 USDXOF is DOWN 1.6% this 4-DAY period.
|
Alert:4-DAY1.6% |
 
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/XOFChangePeriod
548.30
27 Nov 2020
1.3% ▼1 Week
559.05
04 Nov 2020
3.2% ▼30 Days
554.11
05 Sep 2020
2.4% ▼90 Days
590.74
05 Dec 2019
8.4% ▼1 Year
603.01
06 Dec 2015
10.3% ▼5 Years
494.74
07 Dec 2010
9.4% ▲10 Years

USD/XOF 10 year historic rates & change to 04-Dec-2020 : 541.08

 

U$10,000 USD
=
5,410,825 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$ 1 541.08
U$ 5 2,705
U$ 10 5,411
U$ 20 10,822
U$ 50 27,054
U$ 100 54,108
U$ 250 135,270
U$ 500 270,540
U$ 1,000 541,080
U$ 2,000 1,082,160
U$ 5,000 2,705,400
U$ 10,000 5,410,800
U$ 50,000 27,054,000
U$ 100,000 54,108,000
More amounts
USD XOF
U$ 0.0018 1
U$ 0.0092 5
U$ 0.0185 10
U$ 0.0370 20
U$ 0.0924 50
U$ 0.1848 100
U$ 0.4620 250
U$ 0.9240 500
U$ 1.8480 1,000
U$ 3.6960 2,000
U$ 9.2400 5,000
U$ 18.48 10,000
U$ 92.40 50,000
U$ 184.80 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Niger?

The domestic currency in Niger 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 Niger

Travel money for Niger

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 Niger - Best Rates

When searching around for information on how to get a good exchange rate when sending money to Niger you need to start with finding out the latest West African Franc exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.

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 Niger

When sending money to Niger 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 Niger.

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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