USD to XOF mid-rate = 578.1802
Right now the USD/XOF market mid-rate is 578.1802 and represents ideally how many West African Franc you can get for one United States Dollar.
This USD/XOF Converter calculates equivalent United States Dollar to West African Franc amounts at the market mid-rate:
USD / XOF mid-rate converter
United States Dollar
West African Franc
|1 USD||578.18 XOF|
|5 USD||2,890.90 XOF|
|10 USD||5,781.80 XOF|
|20 USD||11,563.60 XOF|
|50 USD||28,909.01 XOF|
|100 USD||57,818.02 XOF|
|250 USD||144,545.05 XOF|
|500 USD||289,090.10 XOF|
|1,000 USD||578,180.20 XOF|
|2,000 USD||1,156,360.40 XOF|
|5,000 USD||2,890,901.00 XOF|
|10,000 USD||5,781,802.00 XOF|
|50,000 USD||28,909,010.00 XOF|
|100,000 USD||57,818,020.00 XOF|
United States Dollar
West African Franc
|0.0017 USD||1 XOF|
|0.0087 USD||5 XOF|
|0.0173 USD||10 XOF|
|0.0346 USD||20 XOF|
|0.0865 USD||50 XOF|
|0.1730 USD||100 XOF|
|0.4325 USD||250 XOF|
|0.8650 USD||500 XOF|
|1.7300 USD||1,000 XOF|
|3.4600 USD||2,000 XOF|
|8.6500 USD||5,000 XOF|
|17.30 USD||10,000 XOF|
|86.50 USD||50,000 XOF|
|173.00 USD||100,000 XOF|
|XOF Country Guides|
|Benin||Burkina Faso||Ivory Coast|
United States Dollar to West African Franc (USD-XOF) - 10 Year History
The below table shows the historic variation in the USD/XOF exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.
|19 Feb 2019||578.8659||Latest|
|12 Feb 2019||578.7600||1 Week||+0.02%|
|20 Jan 2019||577.1577||1 Month||+0.3%|
|23 Aug 2018||568.3095||6 Months||+1.86%|
|19 Feb 2018||528.9802||1 Year||+9.43%|
|19 Feb 2017||618.8920||2 Years||-6.47%|
|20 Feb 2014||478.6744||5 Years||+20.93%|
|21 Feb 2009||521.2615||10 Years||+11.05%|
Why can't I just get the USD/XOF market rate I see on Google or in the Media?
The USD/XOF mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / XOF was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
The closer your final exchange rate is to the market USD/XOF midrate the better deal you are getting.
The three things you need in order to get a good USD to XOF exchange rate
- Know the latest USD/XOF market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
- Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency news and forecasts for United States Dollar and West African Franc
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the USD vs XOF, you should pay attention to both United States Dollar and West African Franc news and forecasts.
United States Dollar (USD) - Market news and forecasts
26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.
In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.
“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.
Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”
January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.
West African Franc (XOF) - Market news and forecasts
No recent West African Franc market updates.