XAF Market Update
24 Jun 2026 • 00:43 GMT
The Central African CFA franc remains near its 90-day lows against the US dollar, with the exchange rate close to 0.001735. This level is about 2.1% below its three-month average of 0.001773, reflecting recent dollar strength amid global market uncertainty. The dollar has climbed in response to ongoing safe-haven demand and reinforced by expectations of a possible interest rate hike by the Federal Reserve later in the year.
Meanwhile, the CFA franc has shown relative stability against the euro and the British pound, trading close to their recent averages. against the euro, the XAF sits steady near 0.001524, while against the pound it is near 0.001314, just slightly below its 3-month averages. The franc also remains relatively stable against the Swiss franc and the Canadian dollar, with only minor fluctuations.
Overall, the move lower in the CFA franc against the dollar aligns with the broader trend of dollar strength driven by global risk aversion. While the currency remains resilient, traders should watch for potential shifts in market risk sentiment that could influence the franc’s exchange rate in the coming weeks.