We updated this post every day to make sure that it remains accurate. We also update immediately there is any change in the exchange rate between the Naira and the CFA.
The post contains all CFA to Naira exchange rate variables in Nigeria. Here you will find the CFA to Naira Black Market Rate, CFA to Naira Official Exchange Rate, Bank Rate, and CBN rate.
CEFA to Naira Black Market Rate
- Buying @1 CFA = 1.2 Naira
- Selling @1 CFA = 1.2 Naira
Naira to CEFA Black Market Rate
- Buying @1 Naira = 0.88 CFA
- Selling @1 Naira = 0.88 CFA
CEFA to Naira CBN Rate
- Buying @1 CFA = 1.2 Naira
- Selling @ 1 CFA= 1.2 Naira
Naira to CEFA CBN Rate
- Buying @1 Naira = 0.88 CFA
- Selling @ 1 Naira = 0.88 CFA
FX Rates XOF to NGN
- XOF to NGN: 0.71 NGN
- NGN to XOF: 1.4 XOF
All the exchange rates we have here are current as of the time it was last updated. The rate may not be accurate depending on the financial institution you are using to exchange, or your exchange agent.
We still advise you to contact your exchange agent to compare prices exchange price as what we have here may not be sufficient.
Some Facts About The CFA FRANC
CFA franc is the name of the legal tender used in parts of West Africa and Central African countries. They are guaranteed by the French treasury.
The two CFA franc is the “West African CFA franc” and the “Central African CFA franc”.
Though separate theoretically, the two CFA franc currencies are effectively interchangeable.
The ISO codes are XAF for the Central African CFA franc, and XOF for the West African CFA franc.
Both currencies have a fixed exchange rate to the euro.
Although Central African francs and West African francs have always been at parity and had the same value against other currencies, they are in separate principle currencies.
They both could theoretically have different values from any moment if one of the two monetary authorities or France decided on it.
Both the West Africa CFA coins and banknotes are not accepted in countries using Central African CFA francs, and vice versa though theoretically.
But in practice, the permanent parity of both CFA franc is widely assumed.
The CFA franc currency was created on 26 December 1945, together with the CFP franc.
It was created because of the weakness of the French franc after the second World War when France ratified the Bretton Woods Agreement in 1945; the French franc was then devalued so they can set a fixed exchange rate with the United States dollar.
New money was created in the French colonies in other to spare them the sharp devaluation, and to facilitate imports from France.
The French officials presented this decision as an act of generosity.
René Pleven, the then French minister of finance, said:
“In a show of her generosity, metropolitan France, wishing not to impose on her far-away daughters the consequences of her poverty, is setting different exchange rates for their currency”.
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Related Tags: convert 1 naira to cfa | naira to cfa black market today |1 cfa franc to naira | 1000 cfa franc to naira | Cameroon currency to naira |1000000 cfa to naira | 500 cfa to naira.
I want to send the naira to cfa cotouno so what is the actual rate for market now
Good morning my lovely people,where can i change cfa in lagos and delta state Nigeria
please what is the current price of XOF and XAF in Naira, also the both CBN price and Black market price
Where can l change naira to CFA in Lagos
Cfa to Naira today
Comment:I want to know how much would that money ,will be the exchange to naira,and how much per kobo?
I want to know how accurate these rates are and the best place to exchange my naira to Cefa in Benin