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Exchange rates and comparable rates for the US dollar in the Central African Economic and Monetary Community * / USD 1 = XAF ...

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Time series key BBEX3.A.XAF.USD.CA.AC.A04
Unit XAF
Dimension one
Timespan from 1999 to 2023
Last update 12.01.2024 02:14:37 PM
   
General * Cameroon, the Central African Republic, Chad, Congo, Equatorial Guinea and Gabon all belong to the Central African Economic and Monetary Community (CEMAC = Communauté Économique et Monétaire de l'Afrique Centrale). The responsible monetary authority is the "Banque des Etats de l'Afrique Centrale", whose CFA franc (F.CFA = Franc de la Coopération Financière en Afrique Centrale) is legal tender only in the aforementioned countries. Fixed exchange rate to the euro.
Methodology Until 2020, we did not have any data on US dollar exchange rates; the comparable rates were calculated on the basis of the exchange rate for the euro in the Central African Economic and Monetary Community (EUR 1 = XAF 655.957) in conjunction with the respective annual average euro reference exchange rate of the European Central Bank for the US dollar. Since 2021 calculated on the basis of month-end buying and selling rates.
Source Banque des Etats de l'Afrique Centrale