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    Best USD to XOF Exchange Rates Compared Live

    The live mid-rate USD to XOF exchange rate is 624.01. Compare currency conversion rates - Reduce FX costs.

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

    The best USD to XOF exchange rate is 602.948 from OFX . This is -3.4% compared to the mid-market rate 624.01.

    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.

    How do USD-XOF rates compare between providers?

    Looking at our comparison table the best USD to XOF exchange rate is 602.948 from OFX, -3.4% from the mid-market rate 624.01.

    The Western Union rate is which is - from the mid-rate.

    Among the banks, the rate is at -, the rate is at -, and the rate is at - from the mid-rate.

    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 Dollar 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 USD-XOF mid-rate (see Market Data below ) and the possible savings of using various providers. 

     
     
     

    USD to XOF Market Data

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

     
    1 USD =
    624.01We compare provider deals to this wholesale mid-market rate. Read more
    XOF
    —
    USD to XOF at 624.2 is 3.2% above its 3-month average of 605, having traded in a relatively stable 7.3% range from 586.8 to 629.8
    |
    Sell USD   →   Buy XOF
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    DateUSD/XOFChangePeriod
    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
     

    What are equivalent amounts of USD and XOF?

    Here are some popular conversion amounts for USD to XOF (US dollar to West African franc)*.

    USD XOF
    $ 1 624.01
    $ 5 3,120
    $ 10 6,240
    $ 20 12,480
    $ 50 31,201
    $ 100 62,401
    $ 250 156,003
    $ 500 312,005
    $ 1,000 624,010
    $ 2,000 1,248,020
    $ 5,000 3,120,050
    $ 10,000 6,240,100
    $ 20,000 12,480,200
    $ 50,000 31,200,500
    $ 100,000 62,401,000
    USD XOF
    $ 0.0016 1
    $ 0.0080 5
    $ 0.0160 10
    $ 0.0321 20
    $ 0.0802 50
    $ 0.1603 100
    $ 0.4008 250
    $ 0.8015 500
    $ 1.6030 1,000
    $ 3.2060 2,000
    $ 8.0150 5,000
    $ 16.03 10,000
    $ 32.06 20,000
    $ 80.15 50,000
    $ 160.30 100,000

    More amounts

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

     
     

    Forecasts for USD to XOF

     

    Recent forecasts for the USD to XOF exchange rate suggest a complex interplay of economic signals and geopolitical factors that could influence the currency pair moving forward. As reported, the US dollar (USD) has experienced upward momentum due to catalysts such as disappointing US economic data, including weaker-than-expected employment figures and a slowdown in the service sector PMI. However, the sentiment is not entirely negative, as upcoming US initial jobless claims could potentially offer a boost, if they indicate a resilient labor market. According to FX analysts, the strength of the US dollar is expected to persist, reflecting both the market's reaction to Donald Trump’s election and his anticipated economic policies, which are likely to drive inflation and stabilize interest rates.

    Read our full review of recent USD to XOF forecasts.

     
    XOF and flag

    How to get a good USD to XOF exchange rate

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

    1. Shop around for the best USD/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 USD/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 USD 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 US dollar, then it's better for the USD/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, living and doing business in Senegal 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 US dollar 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 USD/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

    United StatesUnited States (USD)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.

      Read more at our Senegal (XOF) country guide

       
     
     
     

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    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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