Currency Encyclopedia - XTransfer

XOF - West African CFA Franc

What Is XOF?The West African CFA Franc (XOF) is the official currency used by eight countries in the West African Economic and Monetary Union (WAEMU): Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. Introduced in 1945 and currently guaranteed by the French Treasury, XOF remains one of the most unique currencies in the world due to its colonial origin and shared use across multiple sovereign nations.Key Features of the XOF Currency1. Fixed Peg to the EuroThe XOF...

https://static.xtransfer.com/boss/static/英文_daac12248d48f2c0.png

USD-CNY

Amount

Result

1 USD = 6.83075 CNY

00:31 Exchange Rate

Send money

Solve Crossborder Payment Difficulties, Start with a Compliant Entity!

Learn More

Pay and get paid in local currency. Save up to 80% on your currency exchanges.

Get it for free now

XOF — Introduction

The CFA franc has been used by the West African Economic and Monetary Union (WEAM) member states since 1945 and is pegged to the euro. The XOF provides monetary stability for West African countries, facilitates trade and investment flows, and is an important tool for economic integration in the region.

1 USD to CNY Historical Exchange Rate Trends

1 USD = -- CNY

10:36 Exchange Rate

USD - CNY+0%

History

Invalid DateInvalid Date

Our Strength

24/7 RealTime Online Currency Exchange

Whether it's a holiday, weekend, or late at night — whenever you want, exchange US dollar to Chinese yuan anytime!

Constant Access to Market-Beating Rates

Enjoy secure and compliant exchange at competitive rates with 0 exchange loss

FX limit orders

Set a limit order to automatically exchange at your preferred US dollar to Chinese yuan rate

Hong Kong/Chinese mainland Company Registration

XTransfer connects you with licensed secretaries to register your company and activate global payment reception quickly and remotely.

XOF — Related Questions

What is XOF?

It is the official legal currency, issued and managed by the country's central bank. It plays a vital role in domestic trade, international settlements, and savings and investments. The design of XOF often includes cultural or historical elements, reflecting the country's economic status and monetary policy. Understanding XOF helps to better grasp related economic trends and international financial dynamics.

What is the latest exchange rate of XOF?

Exchange rates fluctuate based on global foreign exchange market supply and demand, political and economic events, and central bank policy adjustments. The latest XOF rate can be checked in real time on XTransfer, which supports conversions between XOF and major currencies such as USD, EUR, and CNY. If you are engaged in cross-border trade or international payments, it is recommended to monitor XOF’s exchange rate trends regularly and choose the right time for conversion to minimize costs.

Where is XOF used?

XOF is primarily used within the issuing country, but some neighboring nations or specific international markets may also accept XOF as a medium of exchange or reserve currency. For example, certain cross-border trade zones, tourist areas, or offshore markets may circulate the currency in cash or account form. Since each country has its own policies on XOF usage, it is advisable to check local currency regulations before traveling or making transactions.

How to exchange XOF for other currencies?

Methods to exchange XOF include bank counters, airport exchange desks, foreign exchange agencies, or online through cross-border payment platforms like XTransfer. Online rates are generally more competitive and come with lower fees. Before exchanging, you can check the latest real-time XOF rate on XTransfer and calculate the cost for different amounts. Additionally, monitoring XOF’s market fluctuations and central bank interest rate policies can help determine the best time to convert.

What role does XOF play in international trade?

XOF serves as the country’s core settlement unit in international economic exchanges. Many exporters, importers, and cross-border enterprises use XOF for pricing, payments, or accounting in global trade to stabilize transactions and reduce exchange rate risks. With the integration of global financial markets, its role in foreign exchange reserves, investment portfolios, and global payment systems continues to strengthen. Understanding XOF’s exchange rate movements and policy trends enables businesses to manage international cash flows more effectively.