XAF Market Update
26 Jun 2026 • 00:43 GMT
The Central African CFA franc (XAF) has seen limited movement against major currencies recently. It remains near 90-day lows against the US dollar at around 0.001732, about 2.3% below its three-month average. Despite this dip, the currency has traded within a narrow range, reflecting ongoing stability amid global market uncertainties.
Compared to the euro, the XAF has held steady near its 3-month average, showing no significant change. against the British pound, it is also near its 90-day low, but only just below the three-month average, indicating a relatively stable position.
The currency has strengthened slightly against the Australian dollar, trading above its three-month average, while against the Canadian dollar, it remains near a 14-day low but within a stable range.
Overall, recent developments, including regional political stability and the BEAC's denial of devaluation rumors, support a cautious outlook. However, global USD strength driven by interest rate expectations continues to influence African currencies like the XAF, keeping it within a stable but slightly weakened band.