XOF Market Update
23 May 2026 • 01:27 GMT
The West African CFA franc (XOF) remains relatively stable against major currencies, with notable movements against the US dollar. At 0.001770, XOF is slightly below its three-month average and has traded within a narrow 3.6% range from 0.001740 to 0.001802, indicating limited short-term volatility. against the euro, the XOF remains steady, matching its three-month average at 0.001524, suggesting continued stability in regional exchange rates.
Compared to the British pound, the XOF has fallen to near its 14-day low at around 0.001317, just below its three-month average, within a stable 1.7% range. Meanwhile, XOF's rate against the Canadian dollar has recently risen to 0.002447, slightly above the long-term average, reflecting cautious optimism amid ongoing regional discussions about greater monetary control.
Overall, the currency's movements align with a market that remains cautious amid global economic tensions, but regional stability appears intact. Traders should continue monitoring regional political developments and global economic cues, which could influence future XOF moves.