XOF Market Update
23 Jun 2026 • 00:41 GMT
The West African CFA franc (XOF) continues to trade near recent lows against the US dollar, with the pair around 0.001742, its lowest point in the past 90 days. This is about 1.7% below the three-month average of 0.001773, reflecting some recent softness amid wider dollar strength driven by geopolitical factors and U.S. monetary policy expectations.
against the euro, the XOF remains steady, maintaining its average level around 0.001524, indicating limited movement in that pairing. Meanwhile, the XOF has seen a slight decline against the British pound, trading near 0.001315—around half a percent below its three-month average. The pair's recent stability suggests limited currency volatility so far.
The currency has also dipped against the Japanese yen, trading close to 0.2813, just below its recent three-month average and staying within a narrow range. The movement in these pairs indicates the XOF is experiencing some pressure but remains relatively stable compared to recent swings in global markets.
Developments in West Africa, such as increased calls for greater monetary independence, continue to influence sentiment. However, the stability against major currencies suggests a cautious market amid ongoing regional discussions.