"@id": "https://bestexchangerates.com", The above interactive chart shows the USD to XOF exchange rate, trend and recent alerts for the last 90 days. The domestic currency in Burkina Faso is the West African Franc. Various related sociological and economical indices calculated for Burkina Faso. Burkina Faso is all about its culture, which is very rich and important, either because of the many festivals or simply because of the authentic values carried by the locals. Round Baskets The currency is Communaute Financiere Africaine Francs (XOF). The CFA Franc BCEAO is pegged to the Euroat 1 euro = 655.957 XOF. What's in this Burkina Faso currency guide? Send Money The West African franc exchanges with the US dollar at a rate of 1XOF:0.001731US$. you can save - we make that calculation easy in the below table. Guides with Money Saving Foreign Exchange tips. Average food prices in Burkina Faso. XOF. Two different CFAFranc us… 1 XOF. 0.00899841 USD. [ { The franc … Clinton Health Access Initiative (CHAI) Clinton Health Access Initiative (CHAI) Full Time Clinton Health Access Initiative (CHAI) Burkina Faso Burkina Faso, Banks in Liberia are trying to manage the shortage of local Liberian dollars as the commerce ministry warned businesses that they must accept both Liberian and US dollars or face large fines. 1.00 XOF. Privacy. Once your funds are received by the provider the converted XOF amount will be transfered to the recipient account you specify in Burkina Faso. Your Debit/Credit Card provider will charge you 2% from market mid-rate, The West African CFA franc is the currency of eight independent states in West Africa: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. Reviews of Banks and Popular FX Specialists. Tabs Product. up the XOF cash locally or even on travel day at the airport. The United States Dollar is also known as the American Dollar, and the US Dollar. "name": "BER" You should look at your own personal situation and requirements before making any legal, accounting or financial decisions. Ouagadougou is the capital of Burkina Faso. representative of all the products available in the market. 0.0179968 USD. By creating an account, ... $ USD. The Zika virus is also considered a risk at present. but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash. Coins are in denominations of XOF250, 100, 50, 25, 10, 5 and 1. Baskets. The local currency is the West African Franc (CFA Franc, or XOF). The CFAfranc, its initials come from the French words for African Financial Community, was launched on December 26, 1945 as a “franc of the French colonies of Africa.” Fourteen nations, divided into West and Central African groups, use the currency today. This forced the government to abandon the local currency in 2009. CFA Franc BCEAO. "name": "Burkina Faso - West African Franc" "@id": "https://bestexchangerates.com/country-guides/", In West Africa, eight countries share the common currency known as the West African CFA franc: Benin, Burkina Faso, Ivory Coast, Guinea Bissau, Mali, Niger, Senegal and Togo. Everyone bargains for goods in Burkina Faso, and you'll be expected to, especially at local markets. EUR 1.21 keyboard_arrow_right. "@type": "ListItem", Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much The foreign exchange rates and products compared on this page and website are chosen from a range of products that bestexchangerates.com (BER) has access to and are not When sending money to Burkina Faso it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. Leung says the crisis has been marked by fear driving ‘risk-off’ trading patterns, which has seen demand for the dollar soar as a safe haven, because of its status as the global reserve currency. Baskets & Bolga. Historically, the Burkina Faso Currency reached an all time high of 631.76 in December of 2016. CFA Franc BCEAO. Notes are in denominations of XOF10,000, 5,000, 2,500, 1,000 and 500. To get a better deal you should follow these 4 simple steps : Use the above Send to West African Franc calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - Others disagree and argue that the CFA "helps stabilize the national currencies of Franc Zone member-countries and greatly facilitates the flow … If you are traveling to Ouagadougou, you will need to exchange your currency … ... 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