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    Senegal - West African franc - Currency Guide

     

    Foreign exchange guide to Senegal and the West African franc (XOF)

         

    USD/XOF Trend (90-day)

    USD to XOF at 563.1 is 0.8% above its 90-day average, range 551.8-568.8.
    |
    14-DAYLOW
     

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

     
    USD to XOF Currency Trend Chart

    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 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.

    US dollar to West African franc - Historical Rates

    USD/XOF 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
    598.84
    19 Oct 2016
    5.7% 5 Years
    476.95
    21 Oct 2011
    18.4% 10 Years
    738.11
    23 Oct 2001
    23.5% 20 Years
    USD/XOF change over periods to 18-Oct-2021
     

    $10,000 USD
    =
    5,628,573 XOF

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

    USD to XOF - Quick Amounts

    Sell USD   →   Buy XOF
    USD XOF
    $ 1 562.86
    $ 5 2,814
    $ 10 5,629
    $ 20 11,257
    $ 50 28,143
    $ 100 56,286
    $ 250 140,715
    $ 500 281,430
    $ 1,000 562,860
    $ 2,000 1,125,720
    $ 5,000 2,814,300
    $ 10,000 5,628,600
    $ 20,000 11,257,200
    $ 50,000 28,143,000
    $ 100,000 56,286,000
    USD XOF
    $ 0.0018 1
    $ 0.0089 5
    $ 0.0178 10
    $ 0.0355 20
    $ 0.0889 50
    $ 0.1777 100
    $ 0.4443 250
    $ 0.8885 500
    $ 1.7770 1,000
    $ 3.5540 2,000
    $ 8.8850 5,000
    $ 17.77 10,000
    $ 35.54 20,000
    $ 88.85 50,000
    $ 177.70 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Senegal?

    The domestic currency in Senegal 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 Senegal

    Though it’s one of West Africa's most stable countries, Senegal is far from dull. Perched on the tip of a peninsula, Dakar, the capital, is a dizzying, street-hustler-rich introduction to the country: elegance meets chaos, snarling traffic, vibrant markets and glittering nightlife, while nearby Île de Gorée and the beaches of Yoff and N'Gor tap to slow, lazy beats.

    What currency to use in Senegal?

    The currency used in Senegal is called the West African CFA Franc," pronounced "say-fa." This type of currency is available through money exchange offices, in banks, and through local automated teller machines (ATMs), which are available in Dakar. ATMs are difficult to find outside of the city of Dakar. Tourists normally try to utilize their credit cards while on vacation to make purchases because they are safe to use and the exchange rate with a credit card is usually very good. However, in Dakar , credit cards are usually only accepted in hotels and credit card fraud is very common.

    Travel tips for Senegal.

    The people who live in Dakar speak many different languages. The official language is French but other languages are spoken as well. Many people in Dakar do speak some English. Local languages include Wolof, Pulaar and Serer.

    Senegal is a majority-Muslim country, but you don’t need to worry about covering your knees, head or shoulders in most areas. In larger villages and cities, most local women don’t wear a hijab, and you won’t be showing disrespect by not covering up like you might in parts of India, Malaysia or the Middle East.

    While I’ll typically run from guided tours in most countries, it can be helpful to hire a guide if you plan to tour Dakar or take excursions, especially if your French is on the weak side.

    Though a yellow fever vaccine isn’t required to enter Senegal, it’s recommended, as are malaria pills and a typhoid vaccine. Using a good mosquito repellent, carrying tissues (as toilet paper can be scarce in public spots) and wearing sunblock are all essential. It can also be extremely dusty during the dry season, so having allergy pills on hand can also be helpful.

    How to get around in Senegal?

    The quickest (though still uncomfortable) way of getting around the country is by sept-place taxi – battered Peugeots that negotiate even the most ragged routes. Slightly cheaper, but infinitely less reliable are the minibuses (Ndiaga Ndiaye or grand car), carrying around 40 people. Vehicles leave from the gare routière (transport station) when they're full, and they fill up quickest in the morning, before 8am.

    You can hire vehicles in Senegal (Dakar's airport is the best place for this). However, driving here is not for amateurs, with little road signage, reckless motorists and battered bitumen. There are myriad obstacles. Out in the countryside, slow down: you'll be sharing the road with errant goats and cows, bicyclists, pedestrians and overloaded, slow-moving vehicles – with oncoming vehicles swerving wildly into your lane as they pass.

    In the past there has been an unreliable train line between Dakar and Bamako (Mali), but this has been out of commission since 2009. There is talk of one day restoring the line.

     

    Travel money for Senegal

    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 Senegal - Best Rates

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

    When sending money to Senegal 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 Senegal.

    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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