XOF Market Update
13 May 2026 • 00:43 GMT
The West African CFA franc (XOF) remains stable against the US dollar, trading around 0.001789. This level is closely aligned with its 3-month average of 0.00178, indicating limited volatility, with only a 0.5% difference. The currency has traded within a narrow range from 0.001740 to 0.001810 over the past few months, reflecting a steady market.
Recent developments highlight efforts by West African nations to increase monetary autonomy. The alliance aiming to leave the CFA franc is still under discussion, while rumors of a devaluation have been firmly denied by the central bank. Additionally, plans to move foreign reserves from France are ongoing, signaling a push for greater control over their monetary systems.
Against this backdrop, the XOF remains steady against other major currencies, such as the euro and the Canadian dollar. Its performance versus the euro stays around its average, while against the CAD, it remains just above recent levels. Overall, the currency shows resilience amid ongoing regional economic discussions and remains well-positioned within its recent trading range.