West African CFA Franc to Naira CBN - Central Bank of Nigeria Rates

Updated on 16:05 20/01/2020
West African CFA Franc (XOF)XOFNGNSell: 0.5189 -0.29%Buy: 0.4989Reverse Rate | NGN to XOF1 NGN = 1.9272 XOF
Previous Day Comparison
Change
-₦ 0.0015
% Change
-0.29%
Last 30 Days High/Low
Highest
₦ 0.523 on 08-January-2020
Lowest
₦ 0.5179 on 31-December-2019
2020 High/Low
Highest
₦ 0.523 on 08-January-2020
Lowest
₦ 0.5182 on 13-January-2020

XOF to NGN Historical CBN Rate Chart

Daily XOF to NGN CBN Review

Announced West African CFA Franc rate is ₦0.5189 against Naira by Central Bank of Nigeria (CBN) today, January 21, 2020. CFA Franc BCEAO rate has been set as ₦0.5189 by CBN when this week started on Monday, January 20, 2020. This corresponds to no rise for XOF in CBN this week.

To have a monthly quick review, XOF rate suggested by CBN was ₦0.5228 at the beginning of January on Thursday, January 02, 2020. As of today with XOF seen at ₦0.5189, we see a %0.75 decrease for XOF to Naira exchange rates in CBN for this January.

Comment on West African CFA Franc to Naira Rates


Nigeria, having a dual exchange rate policy, is able to keep Naira rates rather stable compared to c...

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