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Foreign Exchange Guide to Chad

This currency guide to Chad helps you choose the best way to save money on XAF transfers and travel money.    [USD/XAF=593.16]

 
Chad
Country Code:
TD
Domestic Currency:
Central African Franc
Symbol - Code:
FCFA XAF
Telephone Prefix:
+235

This is a foreign exchange guide to Chad, the Central African Franc currency plus sending XAF transfers and travel tips.


In this Chad currency guide we take a look at :

  1. Central African Franc info - general info about the Central African Franc
  2. Central African Franc in the markets - recent XAF moves and predictions from the FX markets
  3. Travelling in Chad - currency & money saving tips
  4. Buying Central African Franc cash online - travel money for Chad
  5. Sending money to Chad - save on Central African Franc bank transfers to Chad
  6. Central African Franc exchange rates - latest & historic exchange rates.

Central African Franc (XAF) general currency information


What is the Central African Franc currency code and symbol?

The three letter currency code for the Central African Franc is XAF and the 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.

The Central African CFA franc is the currency of the above six independent states in Central Africa having been previously 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, which is of equal value to the Central African CFA franc, is in circulation.

A social movement is developing to demand the joint withdrawal of African nations from the CFA franc.

The CFA franc is characterised as a credible and stable currency, a significant virtue given the experience of most currency-issuing African nations. This counter-argument is, however, flawed: experience shows that nations like Morocco, Tunisia and Algeria, which post independence withdrew from the franc zone and mint their own currency, are stronger economically than any user of the CFA franc.

It is also claimed that the CFA franc has allowed inflation to be pegged at a rate considerably lower than the African average. For its critics, however, the counterpart of this low inflation rate is weak economic growth and the creation of fewer jobs. Not to mention that this low average inflation rate does not prevent cities like Dakar from ranking among the most ‘expensive’ in the world.

On 7 January 2017, on the initiative of ‘SOS Pan-Africa’ (‘Urgences Panafricanistes’), an NGO set up and run by the activist Kemi Séba, anti-CFA demonstrations were organised in several African and European cities, and in Haïti. The mobilisations varied in size according to country, bringing together intellectuals, pan-Africanist and anti-globalisation activists and others. SOS Pan-Africa has since issued a symbolic appeal for Africans to boycott French products. The current alternative to the CFA franc in West Africa is the joint currency planned for members of the Economic Community of West African States (ECOWAS). The new currency was due to enter circulation in 2015, but this has since been deferred until 2020.


Central African Franc (XAF) in the markets

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 interactive chart below shows the USD to XAF exchange rate and trend for the previous 3 months:

90-DAY TREND: At 593.09 USD/XAF is trading near the average 593.98 with a range 587.14 to 601.87. There are no current alerts.
Update: 06-Dec 16:01-EST 21:01-GMT 08:01-AEDT(+1D)

Travel, Currency and Money saving tips for Chad

 

Chad, officially the Republic of Chad, is a landlocked country in north-central Africa. It is bordered by Libya to the north, Sudan to the east, the Central African Republic to the south, Cameroon and Nigeria to the southwest, and Niger to the west. Chad has always been some place where travellers wave goodbye to their comfort zone and say hello to adventure. Even when it is safe to visit, which sadly it is currently not, the art of travel here is demanding in every sense of the word. This, though, is part of the country's allure, an opportunity to break emphatically away from all that you know, and come to a place that promises experiences, good and bad, that happen nowhere else. But if Chad is such a demanding place to travel, why ever bother? Picture sublime oases hiding in the northern deserts, stampeding herds of wildlife running through national parks and deep blues awaiting boats on Lake Chad – put simply, when Chad is accessible it's a country and an experience that can never be forgotten.

Chad is known for its surreal and other wordly landscapes.

What currency to use in Chad?

As in Cameroon, the Republic of the Congo, the Central African Republic, Gabon, and Equatorial Guinea, the official currency in Chad is the Central African CFA franc, not to be confused with the West African CFA franc. Credit cards are rarely accepted. You can change money at the airport or the larger banks in N’Djamena.

How to travel in Chad?

With the exception of those from a few neighboring African countries, Chad requires a visa and valid passport of all visitors, who must then register with the national police within 72 hours of their arrival. Visas should be arranged for in advance.

Except for the main roads in N’Djamena, almost all roads in Chad are unpaved and poorly maintained, but driving is the only method of transportation available outside the capital. Roadside bandits target drivers, particularly those in foreign cars, and there are few gas stations or repair shops. Most of N’Djamena is accessible by foot or car, although a few taxis hang around the wealthier parts of town.

Travel tips for Chad.

Chad and Sudan have long been uneasy neighbours, and things took a turn for the worse in 2003 when unrest in Sudan's Darfur region began to spill across the border, along with hundreds of thousands of Sudanese refugees. Chad and Sudan then began accusing each other of backing and harbouring rebels, and the dispute led to the severing of relations in 2006. In the years immediately following this cutting of ties, the Sudanese government was accused of supporting Chadian rebels, who at one point came within a bullet's breeze of seizing N'djaména. Chad was in turn accused of supporting rebels in Sudan. In 2010, however, the two countries agreed to normalise relations and withdraw support for rebel groups operating in each other's territories.

The dry season (September to June) is the best for travel between cities, though it’s unlikely that tourists will be doing much of that in the near future. Rebel activity also increases during that time, so the period between June and August may be the safest one for visiting, if somewhat more inconvenient.

Especially during the wet season, malaria can be a major problem in Chad. Take antimalarial medications with you, along with insect repellent and mosquito netting, as many hotels do not have the latter.

With the exception of those from a few neighboring African countries, Chad requires a visa and valid passport of all visitors, who must then register with the national police within 72 hours of their arrival. Visas should be arranged for in advance.

 

Travel money for Chad

 

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.

   

Chad Trip Checklist    

 
  1. Compare XAF travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Chad
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Chad

When searching around for information on how to get a good exchange rate when sending money to Chad you need to start with finding out the latest Central African Franc foreign-transfer exchange 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 here).


Get a better deal for foreign transfers to Chad

When sending money to Chad 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 Chad.

Use our Send to XAF 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!

   

Bank Transfers to Chad

Compare Transfer Rates

 

XAF/USD - Central African Franc to United States Dollar - Historical Rates

PeriodXAF/USDDate
1 Day0.00168902 Dec 2019
7 Day0.00168026 Nov 2019
30 Day0.00170203 Nov 2019
3 Month0.00168204 Sep 2019
1 Year0.00173103 Dec 2018
5 Year0.00188704 Dec 2014
10 Year0.00212405 Dec 2009

XAF/EUR - Central African Franc to Euro - Historical Rates

PeriodXAF/EURDate
1 Day0.00152402 Dec 2019
7 Day0.00152426 Nov 2019
30 Day0.00152403 Nov 2019
3 Month0.00152404 Sep 2019
1 Year0.00152403 Dec 2018
5 Year0.00152304 Dec 2014
10 Year0.00140905 Dec 2009

XAF/GBP - Central African Franc to British Pound Sterling - 10 Year History

PeriodXAF/GBPDate
1 Day0.00130502 Dec 2019
7 Day0.00130726 Nov 2019
30 Day0.00131603 Nov 2019
3 Month0.00137404 Sep 2019
1 Year0.00136003 Dec 2018
5 Year0.00120404 Dec 2014
10 Year0.00127905 Dec 2009

XAF/AUD - Central African Franc to Australian Dollar - Historical Rates

PeriodXAF/AUDDate
1 Day0.00247702 Dec 2019
7 Day0.00247626 Nov 2019
30 Day0.00246203 Nov 2019
3 Month0.00247504 Sep 2019
1 Year0.00235303 Dec 2018
5 Year0.00224704 Dec 2014
10 Year0.00231305 Dec 2009

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