Exchange rates and comparable rates for the US dollar in the West African Economic and Monetary Union * / USD 1 = XOF ... (middle)

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Time series key	BBEX3.M.XOF.USD.CA.AC.A01
Unit	XOF
Dimension	one
Timespan	from 1999-01 to 2024-03
Last update	05.04.2024 01:06:47 PM

General	* Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo all belong to the West African Economic and Monetary Union (UEMOA = Union Économique et Monétaire Ouest Africaine). The responsible monetary authority is the "Banque Centrale des Etats de l'Afrique de l'Ouest", whose CFA franc (F.CFA = Franc de la Communauté Financière Africaine) is legal tender only in the aforementioned countries. Fixed exchange rate to the euro.
Methodology	We only have data on exchange rates for the US dollar as of January 2021. Until December 2020, the quoted figures are comparable rates calculated on the basis of the exchange rate for the euro in the West African Economic and Monetary Union (EUR 1 = XOF 655.957) in conjunction with the respective euro reference exchange rate of the European Central Bank for the US dollar. Since January 2021 calculated on the basis of the buying and selling rates.
Source	Banque Centrale des Etats de l'Afrique de l'Ouest

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