Understanding Cfa Franc Beac and Its Relationship to USD

The CFA Franc BEAC, also known as the Central African CFA Franc, is the official currency of six Central African countries. It's pegged to the Euro at a fixed rate of 1 EUR = 655.957 XAF.

The CFA Franc BEAC is used by countries such as Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, and Gabon. These countries are all members of the Economic and Monetary Community of Central Africa (CEMAC).

The currency is managed by the Bank of Central African States (BEAC), which is responsible for monetary policy and the stability of the currency.

For more insights, see: South African Monetary Unit

The All Exchange Rates section is a treasure trove of information for anyone looking to convert their CFA francs (XAF) into other currencies. You can exchange your XAF for a variety of currencies, including the Nigerian Naira (NGN), which is a popular destination for travelers and traders.

One of the most useful features of the XAF exchange rate is its conversion to other major currencies. For example, 1 XAF is equivalent to 0.00158 USD, 0.02934 ZAR, 0.00229 CAD, 0.00152 EUR, 0.00126 GBP, 0.00214 SGD, 0.00255 AUD, and 0.13836 INR. This means that you can easily compare the value of your XAF against other currencies.

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If you're looking to exchange your XAF for a specific currency, you can also check the "To XAF" conversion rates. For instance, 1 USD is equivalent to 631.08600 XAF, while 1 EUR is equivalent to 655.95100 XAF. This can help you plan your transactions and make informed decisions about your currency exchange.

Here are some of the exchange rates for XAF to other currencies:

By checking the exchange rates and conversion tables, you can make informed decisions about your currency exchange and get the best value for your XAF.

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The CFA Franc is the official currency of several countries in Central and West Africa. It's managed by the Bank of Central African States (BEAC).

The CFA Franc is pegged to the Euro, which means its value is tied to the Euro's value. This peg has been in place since 1948.

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The CFA Franc has undergone several series, each with its unique characteristics. The 3.1.1972 series featured coins from the Central African Empire, the People's Republic of the Congo, and Cameroon.

One notable aspect of this series is the variety of designs on the coins. In the Central African Empire, coins featured Jean-Bethel Bokassa, while the People's Republic of the Congo showed a mix of male and female figures. Cameroon's coins, on the other hand, featured a Fulani woman and a girl in a cabin.

The denominations of the coins in the 3.1.1972 series ranged from 500F to 10,000F. Here's a breakdown of the coins in this series:

The 3.4.2002 series also featured a variety of designs on the coins. The Central African Republic's coins showed a boy and education, while the People's Republic of the Congo's coins featured women and infrastructure.

Curious to learn more? Check out: Central African Republic Currency

Africa's Franc Protests have been a long-standing issue, with many countries in the region experiencing economic instability due to the CFA Franc's fixed peg to the Euro.

In 1994, a massive protest in Cameroon, led by students, workers, and opposition politicians, demanded a devaluation of the CFA Franc, but their efforts were met with violent repression by the government.

Protests in Benin in 2003, sparked by the government's decision to increase the price of fuel, also highlighted the widespread discontent with the CFA Franc's fixed exchange rate.

The CFA Franc's fixed peg to the Euro has been a major source of frustration for many Africans, who feel it limits their country's economic growth and autonomy.

In the 1990s, protests in countries such as Senegal and the Ivory Coast also called for a devaluation of the CFA Franc, but their demands were ignored by the governments.

The CFA Franc BEAC is the official currency of the Central African Republic, and understanding its payment and exchange rate system is crucial for making transactions.

Payment instructions for the CFA Franc BEAC should contain the beneficiary's IBAN, name, and address.

Domestic transfers in the Central Africa subregion are typically processed quickly, while international transfers may take a few business days.

Fees and charges for international payments can vary, so it's essential to check with your bank to understand the charges associated with your transaction.

Take a look at this: International Status and Usage of the Euro

You can estimate how much you could save on your next international payment using iBanFirst's Savings Calculator.

The exchange rate for XAF to other currencies can be found in the table below.

Beware of bad exchange rates, as banks and traditional providers often have extra costs that they pass to you by marking up the exchange rate.

iBanFirst's smart tech means we're more efficient, which means you get a great rate every time.

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The United States Dollar is a widely traded currency that can be exchanged for several other currencies, including the CFA Franc BEAC. Here's a breakdown of the different exchange rates for USD.

You can exchange USD for Ethereum (ETH), with the exchange rate varying depending on market conditions.

The United States Dollar can also be exchanged for the Euro (EUR) or the British Pound (GBP), with these currencies being widely used in international trade.

If you're looking to exchange USD for other currencies, you have several options.

Here are some of the currencies you can exchange USD for:

You can see from this list that the exchange rate for USD varies depending on the currency you're exchanging it for.