XAF Market Update
16 May 2026 • 01:25 GMT
The Central African CFA franc (XAF) remains relatively stable against major currencies, trading near recent lows against the US dollar. Currently, XAF/USD is at its 30-day lows around 0.001772, just below its three-month average, within a narrow 4% trading range. The recent decline in USD has limited demand for the African currency in recent weeks, echoing some of the softer USD trends seen globally.
Meanwhile, XAF has maintained steady levels against the euro and the Swiss franc, both hovering close to their three-month averages, indicating limited volatility in these pairs. against the British pound, the franc has also seen little change, traded just above its three-month average.
Market sentiment remains cautious, with ongoing discussions around potential monetary reform in Africa and the CFA franc's future. The BEAC’s firm stance against devaluation and ongoing regional stability efforts provide some support, helping to keep the currency within its recent trading range. Overall, expect XAF to remain steady in the near term, closely tracking the broader movement of the USD and regional economic developments.