XOF Market Update
18 May 2026 • 00:43 GMT
The West African CFA franc (XOF) remains relatively stable against the US dollar, trading at 0.001771, just below its three-month average. Over the past week, XOF has moved within a narrow 3.9% range, between 0.001740 and 0.001807, indicating steady sentiment.
While the US dollar has recently strengthened on the back of robust economic data and market expectations of potential Federal Reserve rate hikes, these factors haven't significantly impacted XOF in the near term. However, ongoing geopolitical developments, especially discussions around greater economic independence for West African nations and plans to move reserves from France, keep the region's monetary outlook somewhat fluid.
against the euro and other key currencies, XOF has shown little volatility, maintaining stable levels. Notably, the currency has seen slight gains against the British pound and Australian dollar, trading near recent highs, but remains within its normal ranges.
Investors should continue monitoring US economic releases and regional political developments, as these could influence future short-term movement in the CFA franc. For now, XOF remains steady in a narrow trading band.