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GBP to CFA Exchange Rate

Currency Exchange Rates for Central African CFA Franc. Currency Information on Central African CFA Franc - XAF — Central African Franc – FCFA. The foreign exchange currency code for XAF represents the Central African CFA Franc exchange rate.
Covering six independent states, the Central African Franc is the currency of Chad, Central African Republic, Cameroon, the Republic of the Congo, Gabon and Equatorial Guinea.

This currency covers both Central and West Africa and is known by the ISO code XAF in Central Africa and XOF in West Africa.

Currency Information on XAF, Coins in circulation are available in the denominations 1, 2, 5, 10, 25, 50, 100 and 500 francs, whilst banknotes are available in 500, 1,000, 2,000, 5,000 and 10,000 francs.

The Central African CFA franc.
written by: kayokx

Note that the Central African CFA franc (XAF) carries the same currency value as the West African CFA franc (XOF), which is used commonly in some western Africa nations.

Why the XOF does not depreciate?

Most Forex traders would be questioning why the XOF does not depreciate despite the situation in Ivory Coast unfolding. Similar to the Euro, the XOF is an actually a currency shared by a grouping of countries, which also include Benin, Burkina Faso, Guinea-Bissau, Mali, Niger, Sénégal, and Togo. Thus, while there may be the impact on XOF by political uncertainties in Ivory Coast, it could be negated if the financial foundation of currency vis-a-vis the remaining seven countries remain strong. In addition to that, the XOF is logically tied in value to the XAF (used by six central African nations), giving a further stabilising effort on the currencies of both XOF and XAF.

 

With Laurent Gbagbo currently negotiating a surrender, it is expected that Alassane Ouattara, the United Nations (UN) recognized elected the new president of Ivory Coast will soon be able to inherit his administrative powers and bring about sweeping political and economic reforms. Assuming that none of the related countries sharing the XOF and XAF has a more political uprising, the reforms that will be implemented by Ouattara, along with the international recognition and confidence in Ivory Coast will translate to the general region.


XOF and XAF will further appreciation

It is forecasted that the XOF and XAF will further appreciate and trade at 1 USD = 440.0 XOF by the end of 2011, and to 1 USD = 430.0 XOF by the middle of Jun 2012. The bigger portion of this depends on the political situation in Ivory Coast to be resolved soon; we are quietly confident that this will happen.

The unrest in Africa and the Middle East had also dampened the appetite of global investors for corporate stocks of MNCs and government bonds. As such, it is widely expected for the price of gold to rise. 

Convert Pound to Central African CFA Franc

Convert GBP to CFA exchange rate. Buy and sell British Pounds to Central African CFA Franc. Convert CFA to GBP with a currency broker offering the best foreign exchange rates. Exchange GBP to CFA - Convert Pound to Central African CFA Franc for a Free Online Quote.

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