XAF Market Update
29 Jun 2026 • 00:43 GMT
The Central African CFA franc (XAF) has been relatively steady against the US dollar recently. The currency is currently at 0.001736, which is about 2% below its three-month average of 0.001771. Over the past few weeks, XAF has traded within a narrow range, showing limited volatility.
While the US dollar remains strong due to expectations of a possible interest rate hike by the Federal Reserve, the XAF has not moved sharply. The dollar’s recent rally has pushed other currencies like the euro, pound, and yen higher, but the XAF’s movement has been modest. against the US dollar, the franc continues to trade in a stable pattern, and there are no major signs of rapid change.
In local developments, the BEAC reassured markets about the stability of the CFA franc, denying rumors of devaluation. Meanwhile, ongoing regional discussions about economic reforms are unlikely to impact the currency in the immediate term.
Overall, the XAF remains in a steady range against the US dollar, with limited fluctuations and a cautious outlook amid global and regional economic considerations.