The comparison table above helps you see the total cost of your 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 details and click ‘Get Rates’.
Save Money - Compare Exchange Rate Margins & Fees
Sending money to Senegal can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Senegal bank accounts or pay a West African franc invoice.
USD to XOF Market Data
US dollar (USD) to West African franc (XOF) market data - latest interbank exchange rate, trend, chart & historic rates.
USD to XOF is at 30-day lows near 572.7, 2.6% below its 3-month average of 588.1, having traded in a relatively stable 7.1% range from 569.7 to 610.0
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Is the USD to XOF Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the US dollar against the West African franc is to review how the USD/XOF rate has changed over time.
The table below shows the percentage change in the USD to XOF exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
USD/XOF
Change
Period
07 Jul 2023
598.01
1.5% ▼
2 Week
22 Apr 2023
591.14
0.3% ▼
3 Month
21 Jul 2022
641.81
8.2% ▼
1 Year
22 Jul 2018
558.70
5.5% ▲
5 Year
23 Jul 2013
496.56
18.7% ▲
10 Year
26 Jul 2003
571.54
3.1% ▲
20 Year
USD/XOF historic rates & change to 21-Jul-2023
USD/XOF drops to 572.7, down 2.6% from 3-month avg as US jobless claims hit Oct highs. Analysts speculate Fed rate cuts coming soon amid labor market slowdown. Economists warn: upcoming non-farm payroll data could push USD lower vs stable XOF if job creation disappoints. #forex #USDXOF
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 * :
What is the
best Send Money conversion rate for USD to XOF?
The best USD to XOF exchange rate is 552.0997 from OFX . This is -4% compared to the mid-market rate 575.38.
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
Dollar to West African franc comparison table
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 USD-XOF mid-rate and the possible savings of using various providers.
How do USD-XOF rates compare between providers?
Looking at the
full comparison table
the best USD to XOF exchange rate is 552.0997 from OFX, -4% from the mid-market rate 575.38.
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.
View a full list of exchange rates by selecting your Base (from) currency: