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Best EUR to XOF Exchange Rates Compared Live

The live mid-rate EUR to XOF exchange rate is 655.96. Compare currency conversion rates - Reduce FX costs.

EUR-XOF Rate Calculator

 

 
EUR/XOF holds steady at 656, maintaining 3-month avg despite pressures. German unemployment spike (34K) signals potential Eurozone weakness. Analysts note fixed rate provides stability for int'l transactions, but watch Eurozone indicators & oil prices (down 4.9% to 14-day lows) for future moves

 

What is the best Send Money conversion rate for EUR to XOF?

The best EUR to XOF exchange rate is 631.1233 from OFX . This is -3.8% compared to the mid-market rate 655.96.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Euro (EUR) to West African franc (XOF) rates from different sources before making a conversion.

How do EUR-XOF rates compare between providers?

Looking at our comparison table the best EUR to XOF exchange rate is 631.1233 from OFX, -3.8% from the mid-market rate 655.96.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

Compare Rates

 

The Euro to West African franc comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest EUR-XOF mid-rate (see Market Data below ) and the possible savings of using various providers. 

 
 
 

EUR to XOF Market Data

Euro (EUR) to West African franc (XOF) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell EUR   →   Buy XOF
1 EUR =
655.96We compare provider deals to this wholesale mid-market rate. Read more
XOF
EUR to XOF is steady at its 3-month average 656.
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DateEUR/XOFChangePeriod
07 Jul 2023
655.96
no change2 Week
22 Apr 2023
655.96
no change3 Month
21 Jul 2022
655.96
no change1 Year
22 Jul 2018
655.96
no change5 Year
23 Jul 2013
655.52
0.1% 10 Year
26 Jul 2003
656.83
0.1% 20 Year
EUR/XOF historic rates & change to 21-Jul-2023
 

What are equivalent amounts of EUR and XOF?

Here are some popular conversion amounts for EUR to XOF (Euro to West African franc)*.

EUR XOF
€ 1 655.96
€ 5 3,280
€ 10 6,560
€ 20 13,119
€ 50 32,798
€ 100 65,596
€ 250 163,990
€ 500 327,980
€ 1,000 655,960
€ 2,000 1,311,920
€ 5,000 3,279,800
€ 10,000 6,559,600
€ 20,000 13,119,200
€ 50,000 32,798,000
€ 100,000 65,596,000
EUR XOF
0.0015 1
0.0076 5
0.0152 10
0.0305 20
0.0762 50
0.1524 100
0.3810 250
0.7620 500
1.5240 1,000
3.0480 2,000
7.6200 5,000
15.24 10,000
30.48 20,000
76.20 50,000
152.40 100,000

More amounts

*Converted at the current EURXOF interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for EUR to XOF

 

The recent forecasts for the EUR to XOF exchange rate highlight a stable period for the euro relative to the West Africa CFA franc, with the current rate remaining steady at its three-month average of 656. This stability comes amid various pressures impacting the euro, including trade tensions and domestic economic indicators.

Read our full review of recent EUR to XOF forecasts.

 
XOF and flag

How to get a good EUR to XOF exchange rate

There are several ways to save on exchange rates when converting Euro to West African franc:

  1. Shop around for the best EUR/XOF exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the EUR/XOF rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both EUR and XOF at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying West African franc with Euro, then it's better for the EUR/XOF exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

Read our Currency guide to Senegal — a practical currency and money guide to travel in Senegal plus living and doing business with the West African franc.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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Will the Euro rise against the West African franc?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add EUR/XOF to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 
 

Currency Country Guides

EurozoneEurozone (EUR)SenegalSenegal (XOF)BeninBenin (XOF)
Burkina FasoBurkina Faso (XOF)Ivory CoastIvory Coast (XOF)Guinea-BissauGuinea-Bissau (XOF)
MaliMali (XOF)NigerNiger (XOF)TogoTogo (XOF)
 

Here are a few things you may want to consider when sending money to Senegal:

  1. Choose a reputable money transfer service: Make sure to do your research and choose a reputable service to transfer your money. Consider factors such as exchange rates, fees, and the speed of the transfer.

  2. Consider the exchange rate: The exchange rate you receive may be different from the mid-market exchange rate, which is the rate banks use when they exchange currencies. Some money transfer services may offer better exchange rates than others.

  3. Compare fees: Fees can vary widely between money transfer services, so it's important to compare options to find the most cost-effective solution.

  4. Consider the delivery method: Some money transfer services allow you to send money directly to a bank account in Senegal, while others allow you to send money for pickup at a location in the country. Choose the delivery method that best meets your needs.

  5. Confirm the recipient's information: Make sure you have the correct name and address of the recipient, as well as any other necessary information required by the money transfer service. This will help ensure that the money is delivered to the correct person.

  6. Keep track of the transaction: It's a good idea to keep a record of the transaction, including the transaction ID, the amount sent, and the exchange rate used. This will help you track the status of the transfer and resolve any issues that may arise.

Read more at our Senegal (XOF) country guide

   
 
 
 

Related exchange rates


Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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