EUR to XOF - Euro to West African CFA Franc Converter

Convert Euro to West African CFA Franc with real-time exchange rates

1 EUR = ~655.96 XOF (rates vary)

Quick Insight

EUR and XOF maintain a stable link due to the euro peg within WAEMU.

Rates stay within a narrow band; verify live quotes before settling large payments.

✈️ Travel budgeting💼 Quick invoice estimates💸 Remittance planning

Common EUR - XOF Conversions

Forex Market Hours

Sydney

22:00 - 07:00 UTC

Closed

Tokyo

00:00 - 09:00 UTC

Closed

London

08:00 - 17:00 UTC

Closed

New York

13:00 - 22:00 UTC

Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls

First Friday of month

High Impact

USD pairs

ECB Rate Decision

Every 6 weeks

Medium Impact

EUR pairs

Tips & Recommendations

1Avoid airport exchange bureaus - markups can reach 10-15%
2Use ATMs with local bank cards for near mid-market rates
3Pay in local currency to avoid dynamic currency conversion (DCC)
4Notify your bank before travel to prevent card blocks

Frequently Asked Questions

The rate is shaped by ECB policy, euro area inflation, and WAEMU liquidity. Since XOF is pegged to the euro, long-run movements stay small, while dealer spreads and settlement costs create short-term variation.

Economic Context

Trading Relationship

The euro area and WAEMU countries engage in substantial cross-border trade in goods and services. The EUR/XOF rate influences invoicing, pricing, and cash flows for regional manufacturing, agriculture, and consumer goods.

Key Rate Factors

•European Central Bank policy
•Inflation differentials between euro area and WAEMU
•Trade balance and commodity markets in WAEMU
•Political stability and policy transparency
•Global risk sentiment and safe-haven flows toward the euro

Central Banks

European Central Bank

Frankfurt, Germany

Sets monetary policy for the euro area and manages euro liquidity, affecting long-run price stability.

Banque Centrale des États de l'Afrique de l'Ouest

Dakar, Senegal

Issues CFA francs for WAEMU and implements monetary policy to maintain the euro peg and regional currency liquidity.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates