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Foreign Exchange Guide to Equatorial Guinea

Read this currency guide to Equatorial Guinea with money transfer and travel tips.   [USD/XAF=578.2262]

 
Equatorial Guinea
Country Code:
GQ
Domestic Currency:
Central African Franc
Symbol - Code:
FCFA XAF
Telephone Prefix:
+240

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


In this Equatorial Guinea 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 Equatorial Guinea - currency & money saving tips
  4. Buying Central African Franc cash online - travel money for Equatorial Guinea
  5. Sending money to Equatorial Guinea - save on Central African Franc bank transfers to Equatorial Guinea
  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.


Central African Franc (XAF) in the markets

The interactive chart below shows the USD to XAF exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-XAF 3 Month chart
Loading USD/XAF Chart
USDXAF currency converter

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.

   

Equatorial Guinea Trip Checklist    

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

Sending money to Equatorial Guinea

When searching around for information on how to get a good exchange rate when sending money to Equatorial Guinea 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 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 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 Equatorial Guinea

Compare Transfer Rates

 

Popular XAF cross rates


XAF/USD - Central African Franc to United States Dollar - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0017261 Week
18 Jan 20190.0017331 Month
21 Aug 20180.0017656 Months
17 Feb 20180.0018921 Year
17 Feb 20170.0016182 Years
18 Feb 20140.0020935 Years
19 Feb 20090.00195610 Years

XAF/EUR - Central African Franc to Euro - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0015241 Week
18 Jan 20190.0015241 Month
21 Aug 20180.0015246 Months
17 Feb 20180.0015241 Year
17 Feb 20170.0015242 Years
18 Feb 20140.0015215 Years
19 Feb 20090.00154210 Years

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

DateExchange RatePeriod
10 Feb 20190.0013351 Week
18 Jan 20190.0013461 Month
21 Aug 20180.0013676 Months
17 Feb 20180.0013481 Year
17 Feb 20170.0013042 Years
18 Feb 20140.0012555 Years
19 Feb 20090.00136410 Years

XAF/JPY - Central African Franc to Japanese Yen - 10 Year History

DateExchange RatePeriod
10 Feb 20190.18961 Week
18 Jan 20190.19021 Month
21 Aug 20180.19436 Months
17 Feb 20180.20111 Year
17 Feb 20170.18262 Years
18 Feb 20140.21415 Years
19 Feb 20090.184010 Years

XAF/AUD - Central African Franc to Australian Dollar - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0024311 Week
18 Jan 20190.0024181 Month
21 Aug 20180.0023976 Months
17 Feb 20180.0023931 Year
17 Feb 20170.0021102 Years
18 Feb 20140.0023205 Years
19 Feb 20090.00302610 Years

XAF/CAD - Central African Franc to Canadian Dollar - 10 Year History

DateExchange RatePeriod
10 Feb 20190.0022921 Week
18 Jan 20190.0022981 Month
21 Aug 20180.0023006 Months
17 Feb 20180.0023751 Year
17 Feb 20170.0021192 Years
18 Feb 20140.0022935 Years
19 Feb 20090.00245310 Years

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