Understanding the Table:
The comparison table above helps you see the total cost of your OFX currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The average USD rate margin offered by OFX is 3.3%.
This average is based on individual USD 10K transfer rates in the currency pairs from OFX that we monitor.
💡 It is important to note that these OFX rates are their public quoted rates and do not include our special BER/OFX deals rates which start at 0.5% for major currencies and improve for larger amounts. Please use our calculators to check these special rates and use our 'Visit OFX' links to secure these deals.
The tables below show the best and worst exchange rate margins offered by OFX for US dollar (USD 10K) transactions. Margins show the percentage difference from the mid-market rate.
US dollar (USD) to West African franc (XOF) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: The outlook for USD/XOF is range-bound as the current level is near the 90-day average and sits in the middle of the 3-month range.
Bias: The outlook for USD/EUR is range-bound, as the current rate is near the 90-day average and positioned in the middle of the 3-month range.
Bias: The current USD/JPY position is bullish-to-range-bound, as it is above the 90-day average and in the upper half of the 3-month range.
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in West African franc across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
*Converted at the current USD-XOF interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OFX USD to XOF exchange rate is 543.63. This is -3.5% compared to the latest USD-XOF mid-market rate 563.30.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to West African franc (XOF) rates from different sources before making a conversion.
The above OFX - Dollar to West African franc comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest USD-XOF mid-rate and the possible savings of using various providers.
Looking at the full USD to XOF - Send Money comparison table the provider with the best USD to XOF exchange rate is OFX at 543.63, -3.5% from the latest mid-market rate 563.30.
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 like OFX or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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