£ to XOF now at 770.3, down 1.2% from 3-mth avg. Range has been stable (755.5-795.5). Analysts say GBP drifting amid UK elections & US tariffs may add pressure. #forex #GBPXOF
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OFX at a glance:
OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.
OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.
OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.
When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.
Learn more about OFX
Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.
Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.
What Savings Can I Expect with OFX?
OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.
When you register via our OFX 0.5% exclusive offer for BER users the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.
For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.
GBP to XOF Market Data
British pound (GBP) to West African franc (XOF) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell GBP →
Buy XOF
GBP to XOF at 770.3 is 1.2% below its 3-month average of 779.5, having traded in a quite stable 5.3% range from 755.5 to 795.5
|Tracker
| Date | GBP/XOF | Change | Period |
|---|---|---|---|
07 Jul 2023 | 767.75 | 1.3% ▼ | 2 Week |
22 Apr 2023 | 735.08 | 3% ▲ | 3 Month |
21 Jul 2022 | 769.88 | 1.6% ▼ | 1 Year |
22 Jul 2018 | 734.47 | 3.1% ▲ | 5 Year |
23 Jul 2013 | 761.94 | 0.6% ▼ | 10 Year |
26 Jul 2003 | 924.22 | 18% ▼ | 20 Year |
What are equivalent amounts of GBP and XOF?
Here are some popular conversion amounts for GBP to XOF (British pound to West African franc)*.
*Converted at the current GBPXOF interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for GBP to XOF
The GBP to XOF exchange rate currently stands at 770.3, which is 1.2% lower than its three-month average of 779.5. Over this period, the exchange rate has remained relatively stable, fluctuating within a range of 755.5 to 795.5. This stability in the GBP/XOF market is notable, especially against the backdrop of ongoing political and economic factors influencing the British pound.
Read our full review of recent GBP to XOF forecasts.
How to get a good GBP to XOF exchange rate
There are several ways to save on exchange rates when converting British pound to West African franc:
- Shop around for the best GBP/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.
- Timing is important: Keep an eye on the GBP/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.
- 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.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP 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.
- 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 British pound, then it's better for the GBP/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 in Senegal plus living and doing business 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.
Will the British pound 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 GBP/XOF to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
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 Kingdom (GBP) | Senegal (XOF) |  Benin (XOF) |
 Burkina Faso (XOF) |  Ivory Coast (XOF) |  Guinea-Bissau (XOF) |
 Mali (XOF) |  Niger (XOF) |  Togo (XOF) |
Here are a few things you may want to consider when sending money to Senegal:
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.
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.
Compare fees: Fees can vary widely between money transfer services, so it's important to compare options to find the most cost-effective solution.
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.
Confirm the recipient's information: Make sure you have the correct name and address of the recipient, as well as any other necessary information required by the money transfer service. This will help ensure that the money is delivered to the correct person.
Keep track of the transaction: It's a good idea to keep a record of the transaction, including the transaction ID, the amount sent, and the exchange rate used. This will help you track the status of the transfer and resolve any issues that may arise.
Read more at our Senegal (XOF) country guide
Related exchange rates
BER articles that mention Ofx:
How to Choose the Best Money Transfer Provider
A comprehensive guide to choosing the best money transfer provider, covering key factors like fees, speed, exchange rates, and customer support, with comparisons of top services such as Wise, OFX, WorldRemit, and XE Money Transfers.
OFX vs Wise: Which Money Transfer Service Is Best For You in 2025
Looking to transfer money internationally? We compare OFX and Wise side by side, covering costs, exchange rates, speed, and features to help you choose the best service for your needs in 2025. Which one is right for you depends largely on how much you’re sending, how often you transfer, and whether you value real-time convenience or personal account management.
Why Online Sellers Should Use an FX Specialist
If you’re selling online internationally, using an FX specialist can save you thousands. Better exchange rates, lower fees, and protection against currency swings can make a huge difference to your bottom line. Find out why smart online sellers are choosing FX specialists to manage their global payments — and how it could help you scale faster.
Further reading on Ofx - Guides, Reviews & News from our research team.
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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