Gabon - Central African Franc - Currency Guide

This is a currency guide to Gabon, the Central African Franc currency plus sending (XAF) transfers and travel tips for Gabon.

 
 
CountryGabon
FlagGabon
Country CodeGA
Domestic Currency Central African Franc
Currency SymbolFCFA
Currency CodeXAF
Exchange RateUSD/XAF = 590.63
Telephone Prefix+241

Quick Conversions from US Dollar to Central African Franc

USD

XAF

U$ 1
FCFA 590.63
U$ 5
FCFA 2,953
U$ 10
FCFA 5,906
U$ 20
FCFA 11,813
U$ 50
FCFA 29,532
U$ 100
FCFA 59,063
U$ 250
FCFA 147,658
U$ 500
FCFA 295,315
U$ 1,000
FCFA 590,630
U$ 2,000
FCFA 1,181,260
U$ 5,000
FCFA 2,953,150
U$ 10,000
FCFA 5,906,300
U$ 50,000
FCFA 29,531,500
U$ 100,000
FCFA 59,063,000
More amounts

USD

XAF

U$ 0.0017
FCFA 1
U$ 0.0085
FCFA 5
U$ 0.0169
FCFA 10
U$ 0.0339
FCFA 20
U$ 0.0847
FCFA 50
U$ 0.1693
FCFA 100
U$ 0.4233
FCFA 250
U$ 0.8465
FCFA 500
U$ 1.6930
FCFA 1,000
U$ 3.3860
FCFA 2,000
U$ 8.4650
FCFA 5,000
U$ 16.93
FCFA 10,000
U$ 84.65
FCFA 50,000
U$ 169.30
FCFA 100,000
More amounts

To calculate specific USD/XAF amounts use our Convert USD to XAF quick calculator.

Gabon Currency Info

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.


Frequently Asked Questions


What currency should I use in Gabon?

The domestic currency in Gabon is the Central African Franc.

What is the Central African Franc currency code and symbol?

The three letter currency code for the Central African Franc is XAF — symbol is FCFA.

How much is U$100 US Dollars in Central African Franc?

U$ 100 converts to FCFA 59,063

Which countries use the Central African Franc?

It is the domestic currency in Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon.

Is the Central African Franc a closed currency?

No, the Central African Franc is freely available and convertible. See guide: What is a closed currency?


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:

ALERT:7-DAY3.3% 🔔|
USD/XAF at 589.16 was trading 0.8% below AVG:593.71 with LO:573.21 and HI:615.33 (90 days). ALERT: USD/XAF is DOWN 3.3% this 7-DAY period.
29-MAR 8PM-NY 30-MAR 1AM-LON 8AM-HK 11AM-SYD
Booking.com

Travel, Currency and Money saving tips for Gabon

Travel money for Gabon

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.

 

Gabon Trip Checklist    

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

Sending money to Gabon

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

When sending money to Gabon 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 Gabon.

Use our Send to Central 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 Central African Franc deposited into the recipient bank account and less margins and fees kept by the banks!

 

Bank Transfers to Gabon

Compare Transfer Rates

Central African Franc to US Dollar - Historical Rates

PeriodXAF/USDDate
1 Day0.00164123 Mar 2020
7 Day0.00167917 Mar 2020
30 Day0.00165223 Feb 2020
3 Month0.00169125 Dec 2019
1 Year0.00172525 Mar 2019
5 Year0.00166226 Mar 2015
10 Year0.00200527 Mar 2010

Central African Franc to Euro - Historical Rates

PeriodXAF/EURDate
1 Day0.00152423 Mar 2020
7 Day0.00152417 Mar 2020
30 Day0.00152423 Feb 2020
3 Month0.00152425 Dec 2019
1 Year0.00152425 Mar 2019
5 Year0.00152826 Mar 2015
10 Year0.00149927 Mar 2010

Central African Franc to Pound Sterling - 10 Year History

PeriodXAF/GBPDate
1 Day0.00141523 Mar 2020
7 Day0.00138617 Mar 2020
30 Day0.00127623 Feb 2020
3 Month0.00130425 Dec 2019
1 Year0.00130625 Mar 2019
5 Year0.00112026 Mar 2015
10 Year0.00134927 Mar 2010

Central African Franc to Australian Dollar - Historical Rates

PeriodXAF/AUDDate
1 Day0.00279323 Mar 2020
7 Day0.00280417 Mar 2020
30 Day0.00250123 Feb 2020
3 Month0.00244225 Dec 2019
1 Year0.00242425 Mar 2019
5 Year0.00212426 Mar 2015
10 Year0.00221827 Mar 2010

Country Guides - A to Z


A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z