XOF Market Update
11 May 2026 • 00:43 GMT
The West African CFA franc (XOF) remains stable against the US dollar, trading at around 0.001794. This is just slightly above its three-month average of 0.001781, reflecting a steady market with no significant movement. Over the past week, XOF has traded within a narrow range, indicating little volatility.
Recent news shows that some West African nations continue to push for greater control of their monetary policy, including discussions about moving foreign reserves from France. However, there have been no major changes or surprises in the currency structure so far. Meanwhile, rumors of a potential devaluation or new currency launch have been denied by authorities, supporting stability.
Compared to other currencies, the XOF's exchange rate against the euro remains steady at its recent average, while against the British pound it has traded close to its three-month average, indicating limited currency-specific movement. The XOFJPY rate has drifted to near seven-day highs but remains within a stable range.
Overall, the XOF continues to trade within normal limits, with no major shifts expected in the short term. Keep an eye on regional political developments, as these could influence future movements.