|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
Understanding the Table:
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 transaction type, details and click ‘GET RATES’.
US dollar (USD) to West African franc (XOF) market data - latest interbank exchange rate, trend, chart & historic rates.
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 |
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.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
Traveling to Senegal for a week-long mid-range stay, budget-conscious travelers should plan to bring around 1,000,000 to 1,200,000 West African CFA francs (XOF). This budget would comfortably cover accommodation, meals, transport, and some leisure activities. Typical daily expenses include:
In general, Senegal can be considered affordable to visit compared to countries like the United States or the UK, where costs are significantly higher. For instance, a similar stay in the U.S. could range from 2,000 to 3,000 USD for comparable accommodation and dining, while in the UK it may set you back around 1,500 to 2,500 GBP. Overall, it's clear that Senegal offers travelers great value for their money, with rich cultural experiences available at lower prices than more developed nations.
For expats planning to settle in Senegal, understanding the monthly living costs is crucial. A typical monthly budget ranges between 600,000 and 1,200,000 XOF, depending on lifestyle choices. Key expenses may include rent for a one-bedroom apartment (350,000 - 600,000 XOF), utilities (around 50,000 - 150,000 XOF), and groceries (approximately 150,000 - 300,000 XOF).
When it comes to banking, it's advisable to use a combination of local bank accounts and international online transfer services such as Wise or OFX for sending or receiving money. Using local banks often incurs high fees; thus, online services can offer competitive exchange rates and lower transaction costs. It's generally better to exchange money before arriving to benefit from favorable rates or use apps to manage your currency needs efficiently, ensuring convenience and savings.
View a full list of exchange rates by selecting your Base (from) currency:
