The official West African CFA Franc (XOF) exchange rate published by the Central Bank of Nigeria for today, March 22, 2026, is ₦2.36, representing a decrease of ₦0.01 in value from yesterday’s rate. This means that for every 1 CFA franc exchanged, you receive ₦2.36.
Exchange Rate Chart (XOF to NGN)
The chart below shows the movement of the XOF to Naira exchange rate based on the 14 most recent records. It helps you understand trends, market direction, and rate fluctuations to make informed decisions.
Exchange Rate Volatility Status (XOF to NGN)
The West African CFA Franc exchange rate showed minimal fluctuations over the most recent 14 records, indicating stable market conditions and consistent foreign exchange activity.
Status: Stable
| Metric | Value |
|---|---|
| Highest Rate | ₦2.49 |
| Lowest Rate | ₦2.36 |
| Price Range | ₦0.12 |
Historical Exchange Rate Table (XOF to NGN)
The table below shows the 14 most recent available exchange rate records for West African CFA Franc to Nigerian Naira (NGN), based on official market data.
Currency Converter (XOF to NGN)
Use the currency converter below to instantly calculate exchange values from West African CFA Franc to Naira using the latest rates provided on this page.
Live Exchange Rates (XOF to NGN)
The table below shows calculated conversion values from West African CFA Franc to Naira for different amounts, based on the current exchange rate. It helps you quickly see how various XOF values translate into Naira.
| Amount in XOF | Rate in Naira |
|---|---|
| 1 XOF to Naira | ₦2.36 |
| 10 XOF to Naira | ₦23.63 |
| 20 XOF to Naira | ₦47.25 |
| 40 XOF to Naira | ₦94.50 |
| 60 XOF to Naira | ₦141.75 |
| 80 XOF to Naira | ₦189.00 |
| 100 XOF to Naira | ₦236.25 |
| 200 XOF to Naira | ₦472.50 |
| 300 XOF to Naira | ₦708.75 |
| 400 XOF to Naira | ₦945.00 |
| 500 XOF to Naira | ₦1,181.25 |
| 600 XOF to Naira | ₦1,417.50 |
| 700 XOF to Naira | ₦1,653.75 |
| 800 XOF to Naira | ₦1,890.00 |
| 900 XOF to Naira | ₦2,126.25 |
| 1,000 XOF to Naira | ₦2,362.50 |
Related Exchange Rates Today
See related exchange rates for other major currencies. You can compare their buying and selling prices to stay updated with current market values and overall currency movements.
Understanding the CFA franc (XOF) to Naira Exchange Rate
The West African CFA Franc to Naira exchange rate (XOF/NGN) shows how much Nigerian naira (₦) is required to buy one CFA franc (XOF). The CFA franc is the official currency of several West African countries, including Senegal, Côte d’Ivoire, and Mali, and is widely used in the West African Economic and Monetary Union (WAEMU).
Because these countries are Nigeria’s close neighbors and key trading partners, the XOF to naira exchange rate is important for cross-border trade, regional investments, and travel within West Africa.
The official rate is determined by regulated banks and supervised by the Central Bank of Nigeria (CBN). It is used for:
- Official bank transfers
- Regional trade payments
- Government and business transactions
Factors That Influence the XOF to Naira Exchange Rate
Several factors affect the value of the CFA franc (XOF) relative to the Nigerian naira (₦):
- Regional Trade
Nigeria trades extensively with WAEMU countries, importing goods such as agricultural products, textiles, and consumer goods. Higher demand for CFA francs can push the XOF/NGN rate higher. - Inflation Rates
High inflation in Nigeria reduces the purchasing power of the naira. When Nigerian inflation rises faster than in CFA franc countries, the naira tends to weaken against the XOF. - Economic Performance in Nigeria
Nigeria’s economic stability, foreign exchange reserves, and export earnings significantly influence the naira’s strength relative to regional currencies. - CFA Franc Peg
The CFA franc is pegged to the euro. When the euro strengthens or weakens, the CFA franc often follows, directly affecting the XOF/NGN exchange rate. - Cross-Border Investment and Remittances
Nigerians living in WAEMU countries or conducting business there send money back home. These remittances impact the supply and demand for the CFA franc, influencing the exchange rate.
Why the XOF to Naira Exchange Rate Matters
- Regional Trade
Businesses importing goods from WAEMU countries must convert naira into CFA francs. Exchange rate fluctuations affect costs and pricing. - Travel and Tourism
Nigerians traveling to West African countries need CFA francs for lodging, transport, and daily expenses. - Remittances
Money sent between Nigeria and WAEMU countries is affected by exchange rate changes, influencing how much recipients receive in naira. - Investment
Cross-border investments within West Africa are impacted by currency fluctuations between the naira and the CFA franc, affecting returns and business planning.
Frequently Asked Questions (XOF to NGN)
1. Why is the CFA Franc (XOF) more stable than the Naira?
- The CFA Franc is pegged to the Euro at a fixed exchange rate and is guaranteed by the French Treasury. This means its value doesn’t swing wildly based on local market conditions, unlike the Naira, which “floats” and changes value based on Nigeria’s oil earnings and foreign reserves. [1, 2]
2. Why is the CFA Franc suddenly becoming “stronger” than the Naira?
- In recent years, the Naira has undergone several devaluations. Because the CFA is tied to the Euro, every time the Naira loses value against the Dollar or Euro, it automatically loses value against the CFA too. In some border markets, the CFA is even being used as a “safe haven” currency because it holds its value better. [1, 3]
3. How does this rate affect the price of food in Nigeria?
- Nigeria imports a significant amount of livestock and agricultural produce (like cattle, beans, and onions) from CFA-using neighbors like Niger and Benin. When the Naira weakens against the CFA, these imports become more expensive, leading to higher food prices in Nigerian markets. [1, 5]
4. What is the difference between XOF and XAF?
- XOF: The West African CFA Franc (used in Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal, and Togo).
- XAF: The Central African CFA Franc (used in Cameroon, Chad, etc.).
While they have the same value and are both pegged to the Euro, they are technically separate currencies and are not always accepted interchangeably in the two different regions. [4]
Other XOF Frequently Asked Questions
How much is 1 CFA franc in Naira?
At the current exchange rate, 1 CFA francs equals ₦2.36.
How much is 10 CFA francs in Naira?
At the current exchange rate, 10 CFA francs equals ₦23.63.
How much is 50 CFA francs in Naira?
At the current exchange rate, 50 CFA francs equals ₦118.13.
How much is 100 CFA francs in Naira?
At the current exchange rate, 100 CFA francs equals ₦236.25.
How much is 200 CFA francs in Naira?
At the current exchange rate, 200 CFA francs equals ₦472.50.
How much is 500 CFA francs in Naira?
At the current exchange rate, 500 CFA francs equals ₦1,181.25.
How much is 1,000 CFA francs in Naira?
At the current exchange rate, 1,000 CFA francs equals ₦2,362.50.