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 = 604.73
Telephone Prefix+241

Quick Conversions from US Dollar to Central African Franc

USD

XAF

U$ 1
FCFA 604.73
U$ 5
FCFA 3,024
U$ 10
FCFA 6,047
U$ 20
FCFA 12,095
U$ 50
FCFA 30,237
U$ 100
FCFA 60,473
U$ 250
FCFA 151,183
U$ 500
FCFA 302,365
U$ 1,000
FCFA 604,730
U$ 2,000
FCFA 1,209,460
U$ 5,000
FCFA 3,023,650
U$ 10,000
FCFA 6,047,300
U$ 50,000
FCFA 30,236,500
U$ 100,000
FCFA 60,473,000
More amounts

USD

XAF

U$ 0.0017
FCFA 1
U$ 0.0083
FCFA 5
U$ 0.0165
FCFA 10
U$ 0.0331
FCFA 20
U$ 0.0827
FCFA 50
U$ 0.1654
FCFA 100
U$ 0.4135
FCFA 250
U$ 0.8270
FCFA 500
U$ 1.6540
FCFA 1,000
U$ 3.3080
FCFA 2,000
U$ 8.2700
FCFA 5,000
U$ 16.54
FCFA 10,000
U$ 82.70
FCFA 50,000
U$ 165.40
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 60,473

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: 1-DAY ▼ 0.5% 🔔 |
USD/XAF at 604.78 was trading 1.9% above the 90-day average 593.76 with a range 584.61 to 607.94. ALERT: USD/XAF is DOWN 0.5% for 1-DAY.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

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 Day0.00165217 Feb 2020
7 Day0.00166511 Feb 2020
30 Day0.00169119 Jan 2020
3 Month0.00168920 Nov 2019
1 Year0.00172418 Feb 2019
5 Year0.00173319 Feb 2015
10 Year0.00201820 Feb 2010

Central African Franc to Euro - Historical Rates

PeriodXAF/EURDate
1 Day0.00152417 Feb 2020
7 Day0.00152411 Feb 2020
30 Day0.00152419 Jan 2020
3 Month0.00152420 Nov 2019
1 Year0.00152418 Feb 2019
5 Year0.00152519 Feb 2015
10 Year0.00148720 Feb 2010

Central African Franc to Pound Sterling - 10 Year History

PeriodXAF/GBPDate
1 Day0.00127017 Feb 2020
7 Day0.00128511 Feb 2020
30 Day0.00130019 Jan 2020
3 Month0.00130720 Nov 2019
1 Year0.00133418 Feb 2019
5 Year0.00112419 Feb 2015
10 Year0.00130720 Feb 2010

Central African Franc to Australian Dollar - Historical Rates

PeriodXAF/AUDDate
1 Day0.00246317 Feb 2020
7 Day0.00247811 Feb 2020
30 Day0.00245819 Jan 2020
3 Month0.00248420 Nov 2019
1 Year0.00241818 Feb 2019
5 Year0.00222419 Feb 2015
10 Year0.00225420 Feb 2010

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