West African CFA Franc to Naira Foreign Exchange Market Rates

Updated on 10:15 21/01/2020
West African CFA Franc (XOF)XOFNGN0.6102 0.28%Reverse Rate | NGN to XOF1 NGN = 1.6388 XOF
Previous Day Comparison
+₦ 0.0017
% Change
Last 30 Days High/Low
₦ 0.617263 on 31-December-2019
₦ 0.608506 on 20-January-2020
2020 High/Low
₦ 0.616876 on 01-January-2020
₦ 0.608506 on 20-January-2020

XOF to NGN Historical FX Market Rate Chart

Daily XOF to NGN FX Market Review

West African CFA Franc is being traded at ₦0.6102 in foreign exchange markets (FX markets) today, January 22, 2020. Initial West African Franc rate was noted as ₦0.6085 at the beginning of this week on Monday, January 20, 2020. This equals to a %0.28 increase for XOF to Naira exchange rate in FX markets for this week so far.

When we look at the whole month, CFA Franc BCEAO to Naira exchange rate was noted as ₦0.6169 on Wednesday, January 01, 2020 at the start of this month. As of today with West African CFA Franc being traded at ₦0.6102, we see a %1.08 fall for West African CFA Franc to Naira exchange rates in FX markets 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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