XOF Market Update
14 Jul 2026 • 00:49 GMT
The West African CFA franc (XOF) remains close to 14-day lows against the US dollar, trading near 0.001735, which is approximately 1.8% below its three-month average of 0.001767. The currency has seen relative stability within a narrow range, highlighting limited recent volatility.
Recent developments suggest that the region continues to pursue greater financial independence. The Alliance of Sahel States (AES), which includes Niger, Mali, and Burkina Faso, has reaffirmed that it has not launched a new currency, despite rumors to the contrary. Additionally, discussions about moving foreign exchange reserves from France are ongoing, reflecting ongoing efforts to bolster monetary sovereignty.
against the euro, the XOF remains steady around its three-month average, indicating balanced demand. Meanwhile, the currency’s value against the British pound and Japanese yen has held within tight ranges, showing a stable global position.
Overall, while regional political and economic moves are influencing sentiment, the XOF continues to trade within its recent stable corridor. Market players should watch for any further developments from the AES and regional authorities, which could impact the currency’s trajectory in the coming weeks.