XAF Market Update
23 May 2026 • 01:27 GMT
The Central African CFA franc remains close to its recent average against the US dollar, with the exchange rate at around 0.001770, just below its three-month average. Over the past few weeks, the XAF/USD pair has been stable, trading within a narrow range from 0.001740 to 0.001802.
This steadiness comes amid broader global dollar strength, which continues to influence many emerging market currencies. The US dollar remains resilient, supported by strong economic data and rising Treasury yields. Meanwhile, recent political and monetary stability in the Central African region, including denials of devaluation rumors by BEAC, helps keep the currency steady.
Against other major currencies, the XAF has seen minor moves. It is near its 3-month average against the euro, maintaining stability at about 0.001524. The currency has also experienced slight softness against the Australian dollar, trading below its average, while maintaining a stable position against the Japanese yen and Swiss franc.
Overall, the CFA franc remains relatively stable, with no significant shocks or policy changes recently impacting its position. Investors should continue to monitor US dollar trends and regional developments for potential shifts in the coming weeks.