XOF Market Update
25 Mar 2026 • 00:44 GMT
The West African CFA franc (XOF) remains stable against the US dollar, trading near 14-day highs at approximately 0.001771. This level is just 0.9% below its three-month average of 0.001787, with the currency maintaining a narrow trading range. Recent regional news highlights ongoing efforts to reform the CFA, including the planned transition to the "Eco" and decreased reliance on French reserves. These changes are seen as part of a move towards greater economic sovereignty in West Africa.
Meanwhile, the USD has recovered slightly this week after recent declines, supported by resilient US economic data and mixed signals from Federal Reserve policies. The dollar's recent strength is also influenced by geopolitical uncertainties and market risk sentiment, which could lead to choppy trading.
Against other major currencies, the CFA has shown resilience. It is near 90-day lows versus the euro but has maintained stability versus the Japanese yen and Canadian dollar. Meanwhile, the currency has gained modest strength against the Australian dollar and Swiss franc, closing in on recent highs.
Overall, XOF’s current position reflects a backdrop of regional reform optimism and external US dollar support. Market participants should keep an eye on potential shifts due to geopolitical events and economic developments in West Africa.
