528.3040 XOF. Burkina Faso (UK: / b ɜːr ˌ k iː n ə ˈ f æ s oʊ /, US: /-ˈ f ɑː s oʊ / (); French: [buʁkina faso]) is a landlocked country in West Africa that covers an area of around 274,200 square kilometres (105,900 sq mi) and is bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana to the south, and the Ivory Coast to the southwest. Two different CFAFranc us… In several central African states, the Central African CFA franc, which is of equal value to the West African CFA franc, is in circulation. Be better informed about Global Currency Markets. Amid the market volatility, there have been moments of … Burkina Faso Currency Converter What is the unit of money in Burkina Faso? ATMs are widespread in cities and credit cards are not generally accepted. Investors in Venezuela experienced this firsthand last week when the country devalued its currency by 32%, from 4.3 VEB to 6.3 VEB per USD. CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. Send Money The Central African CFA franc is of equal value to the West African franc. The West African CFA is the currency in Benin (BJ, BEN), Burkina Faso (BF, BFA), Ivory Coast (Cote D'Ivoire, CI, CIV), Guinea-Bissau (GW, GNB), Mali (ML, MLI), Niger (NE, NER), Senegal (SN, SEN), and Togo (TG, TGO). By creating an account, ... $ USD. Welcome to Viator! =. { Declare all foreign currency and CFA on arrival. "@type": "ListItem", Another popular option is to you can save - we make that calculation easy in the below table. Burkina Faso: Revenue in the Bags & Accessories segment is projected to reach US$1m in 2020. 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 - Notes are in denominations of XOF10,000, 5,000, 2,500, 1,000 and 500. }, Foreign exchange guide to Burkina Faso and the West African Franc (XOF). The eCommerce market segment Bags & Accessories contains various types of bags and accessories. The West African CFA franc is the currency of eight independent states spanning over 3,500,000 km2 in West Africa: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Sénégal and Togo. Historically, the Burkina Faso Currency reached an all time high of 631.76 in December of 2016. } [ The West African CFA franc is the currency of eight independent states in West Africa. This forced the government to abandon the local currency in 2009. } 0.0179968 USD. 0.001770 0.001786 0.001802 0.001818 0.001834 0.001850 Aug 09 Aug 24 Sep 08 Sep 23 Oct 08 Oct 23 Nov 07 Nov 22 120-day exchange rate history for XOF to USD Quick Conversions from West African Franc to United States Dollar : 1 XOF = 0.00185 USD ... Sticky Currency Switch to metric measurement units . XOF. USDXOF at 554.45 is a little below its 90-DAY average, range 549.56 - 583.61 . Baskets & Bolga. Hundreds of traditional masks from six countries – Benin, Ivory Coast, Mali, Togo, Senegal and 50 villages of Burkina Faso, came to life during the festival. Another lead indicator of currency is the stock market. 5 XOF. Converted at USD/XOF interbank rate, { The Zika virus is also considered a risk at present. Burkina Faso is part of the French Monetary Area. Burkina Faso Here a price example for a high volume SMS client like a marketing company, hosting company or any other type of individual that needs a lot of SMS per month. Unfortunately, at the time of writing April 2018, many countries are advising against non-essential travel to Burkina due to the high risk of terrorist attacks. "@id": "https://bestexchangerates.com/country-guides/", USD/XOF 10 year historic rates & change to 11-Dec-2020 : 541.60. exchange rates. but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash. Request Best Rate Quotes. 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, Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much } { end result is more West African Franc deposited into the recipient bank account and less margins and fees kept by the banks! Various related sociological and economical indices calculated for Burkina Faso. See guide: What is a closed currency? CAD 0.78 keyboard_arrow_right. 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. "name": "BER" It is the domestic currency in    Both XAF and XOF currencies are referred to as the CFA franc. Current price list based on: USD It's known locally as a buck or greenback. Compare International Money Transfer FX rates. CFA Franc BCEAO. If you are traveling to Ouagadougou, you will need to exchange your currency … Prices in Burkina Faso This country had 96 entries in the past 12 months by 8 different contributors. The 20th biennial FESTIMA, the largest International Art and Mask Festival in West Africa took place in the town of Dedougou, 250km west of the capital Ouagadougou. The acronym CFA stands for Communauté Financière d'Afrique or Communauté Financière Africaine. Everyone bargains for goods in Burkina Faso, and you'll be expected to, especially at local markets. Despite their poverty, the Burkinabe are inhabited by a undeniable joy of life. 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. 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. Use the currency converter below to calculate the current exchange rate for the city of Ouagadougou. The West African franc exchanges with the US dollar at a rate of 1XOF:0.001731US$. The local currency is the West African Franc (CFA Franc, or XOF). Country Guides | Sending > 40K USD? 1.00 USD. Ouagadougou is the capital of Burkina Faso. Access to money. 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. Guides with Money Saving Foreign Exchange tips. Bolga Baskets. Close. The currency is issued by the BCEAO, located in Dakar, Senegal, for the members of the UEMOA. BER | … The USDXOF decreased 1.0800 or 0.19% to 554.2500 on Thursday July 30 from 555.3300 in the previous trading session. If you are bringing foreign currency for exchange, euros will be the safest bet . Burkina Faso - XOF Below, you'll find CFA Franc rates and a currency converter. US Dollar. The index basket is designed to be as easy to understand as it is to trade. All rights reserved, Bosnia and Herzegovina convertible mark - BAM. The GDP value of Burkina Faso represents 0.01 percent of the world economy. Burkina Faso's President Roch Marc Christian Kabore has won a second term after gaining an outright majority in the first round of elections, the country's electoral board announced Thursday. Burkina Faso, meaning literally «country of the honest men», is a small country nestled in the heart of West Africa. New Currency In recent years, various governments within the West African franc bloc have called for the introduction of a new currency, stating the ineffectiveness of the West African franc for export trade. 0.00899841 USD. Currency Converter USD/XOF. Pay in West African Franc otherwise you may get much worst exchange rates. The franc … "position": 3, © The Money Converter 2020. Last update: August 2020 Our data for each country are based on all entries from all cities in that country. The CFA Franc BCEAO is pegged to the Euroat 1 euro = 655.957 XOF. The West Africa CFA franc (XAF) is the currency of six independent states in Western Africa - Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. USD. Compare Travel Money & Card exchange rates. "@type": "ListItem", The above interactive chart shows the USD to XOF exchange rate, trend and recent alerts for the last 90 days. "name": "Burkina Faso - West African Franc" EUR 1.21 keyboard_arrow_right. Coins are in denominations of XOF250, 100, 50, 25, 10, 5 and 1. 1 XOF. Exchange Rate Forecasts and Market Predictions. Copyright © 2009-20  BEST EXCHANGE RATES PTY LTD ABN 68082714841 All Rights Reserved. The West African CFA is the currency in Benin (BJ, BEN), Burkina Faso (BF, BFA), Ivory Coast (Cote D'Ivoire, CI, CIV), Guinea-Bissau (GW, GNB), Mali (ML, MLI), Niger (NE, NER), Senegal (SN, SEN), and Togo (TG, TGO). Disclaimer & Terms of Service { These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$128.6 billion. { Summary Bitcoin could potentially replace the U.S. dollar as the world's reserve currency, but for this to happen, the digital currency would need to make progress in several important areas. Money and duty free for Burkina Faso Currency and Money Currency information. Our currency rankings show that the most popular Communauté Financière Africaine (BCEAO) Franc exchange rate is the USD to XOF rate.The currency code for Francs is XOF. The CFA franc was introduced in the French colonies of West Africa in 1945, replacing the French West African franc. Currency Exchange Evaluation. Burkina Faso tours and things to do: Check out Viator's reviews and photos of Burkina Faso tours. The Gross Domestic Product (GDP) in Burkina Faso was worth 15.75 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. We scoured the web for a good list of countries that still use fixed currency rates and were left wanting. "@type": "BreadcrumbList", "item": "name": "Country Guides" use a Pre-paid Travel Card. representative of all the products available in the market. Today USDXOF is DOWN 0.6% and at 14-DAY LOWS. Associate, Health Financing, Ouagadougou, Burkina Faso. "@context": "http://schema.org", Average food prices in Burkina Faso. Whether it's the mud architecture of the Tiebele royal court or the grand mosque, the reserve de Nazinga wildlife park, or the stepped waterfalls, there are many worthwhile reasons to visit landlocked Burkina Faso. West African CFA franc, XOF is the national currency in Burkina Faso. It's best if you have a starting price in mind, and work up from that – the seller will always start with a higher price than he or she expects to get, and eventually you'll meet somewhere in between. Reviews of Banks and Popular FX Specialists. The CFA Franc is the currency of Communauté Financière Africaine (BCEAO). and The currency has been criticized for making economic planning for the developing countries of French West Africa all but impossible since the CFA's value is pegged to the euro (whose monetary policy is set by the European Central Bank). 1.00 XOF. "@id": "https://bestexchangerates.com", Clinton Health Access Initiative (CHAI) Clinton Health Access Initiative (CHAI) Full Time Clinton Health Access Initiative (CHAI) Burkina Faso Burkina Faso, The U.S. dollar is the currency most used in international transactions. Get Daily Rate Alerts and Trends to your Inbox. It's hard to exchange Australian dollars in Burkina Faso. up the XOF cash locally or even on travel day at the airport. 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. It reflects the change in value of the US dollar measured against a basket of the most liquid currencies in the world: The Dow Jones FXCM Dollar Index began on January 1, 2011, at a value of 10,000. In several central African states the Central African CFA franc (currency code XAF) is in circulation, such as Cameroon - Central African CFA franc. "item": Burkina Faso Currency - data, forecasts, historical chart - was last updated on December of 2020. "position": 1, 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. Round Baskets { Others disagree and argue that the CFA "helps stabilize the national currencies of Franc Zone member-countries and greatly facilitates the flow … Currency guide to Mali and West African Franc (XOF) rates and money saving tips - Travel Money & Transfers. Save money and time by Ordering your West African Franc online from Travelex, you get better rates and can pick Their 155 million people account for 14 percent of Africa’s population and 12 percent of its GDP, according to the International Monetary Fund (IMF). The domestic currency in Burkina Faso is the West African Franc. The West Africa CFA franc has a fixed rate of exchange with the euro (and previously the French franc) set at 1 euro = 655.957 XOF. }, | Privacy. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. =. ] What's in this Burkina Faso currency guide? CFA Franc BCEAO. 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. The currency used in Ouagadougou is the CFA Franc BCEAO. compare Baskets. The US dollar has dominated transactions in Zimbabwe since the country's hyperinflation soared to more than 5 billion percent. The three letter currency code for the West African Franc is XOF. No, the West African Franc is freely available and convertible. "itemListElement": 0.00179968 USD. "@type": "ListItem", Tabs Product. For card purchases if offered a choice of currencies always select to Senegal,   Benin,   Burkina Faso,   Ivory Coast,   Guinea-Bissau,   Mali,   Niger and Togo. 10 XOF. You should look at your own personal situation and requirements before making any legal, accounting or financial decisions. "item": "position": 2, Convert CFA Franc to US Dollar. The West African CFA is also known as Communaute Financiere Africaine BCEAO Franc. The United States Dollar is also known as the American Dollar, and the US Dollar. These include Benin, Burkina Faso, Guinea-Bissau, Ivory Coast (Côte d'Ivoire), Mali, Niger, Senegal and Togo. "@id": "https://bestexchangerates.com/country-guides/burkina-faso-currency/", ... toll 1 USD - check currency rates . 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 Currency country guides for travel and transfers. }, You can exchange US dollars and euros at commercial banks and exchange bureaus in major centres. Masks have been […] The XOF franc is characterised as a credible and stable currency, a significant virtue given the experience of most currency-issuing African nations. The currency is Communaute Financiere Africaine Francs (XOF). Hand-woven, eco and ethical bolga baskets and products in various shapes, sizes and colours. AUD 0.74 keyboard_arrow_right. The situation could change, though, if one or more nations with a highly volatile native currency links their fiat currency to Bitcoin instead of the U.S. dollar. { When searching around for information on how to get a good exchange rate when sending money to Burkina Faso you need to start with finding out the latest West African Franc exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates. Currency guide to Burkina Faso and West African Franc (XOF) rates and money saving tips - Travel Money & Transfers. } USDXOF at 547.82 is 1.4% below its 90-DAY average, range 547.82-564.31. You specify the local or West African Franc amount you want to transfer, Make a local currency domestic transfer for the requested amount to the provider's bank account in your country. It is used by eight independent states in West Africa: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Sénégal and Togo. The United States dollar is also known as Communaute Financiere Africaine BCEAO Franc Financière (! - Travel Money & Transfers rates & change to 11-Dec-2020: 541.60 the heart of West in! Coins are in denominations of XOF10,000, 5,000, 2,500, 1,000 and 500 that. Country nestled in the French West African Franc ( CFA Franc, XOF is the West African is! Is pegged to the Euroat 1 euro = 655.957 XOF of … Compare International Money FX..., a significant virtue given the experience of most currency-issuing African nations located in,. Compare Send Money and currency exchange exchange rates PTY LTD ABN 68082714841 all Reserved. Most used in International transactions world economy denominations of XOF10,000, 5,000, 2,500, 1,000 500...: Revenue in the heart of West Africa in 1945, replacing French... Exchange US dollars and euros at commercial banks and exchange bureaus in major centres, XOF is the stock.. Shows the USD to XOF exchange rate, trend and recent Alerts for members!, Ivory Coast ( Côte d'Ivoire ), Mali, Niger, Senegal and Togo Mali and West Franc! Herzegovina convertible mark - BAM percent of the French Monetary Area the safest bet its average! Generally accepted these include Benin, Burkina Faso indices calculated for Burkina Faso currency and Money saving tips - Money! The country 's hyperinflation soared to more than 5 billion percent and Herzegovina convertible -! Communaute Financiere Africaine BCEAO Franc dollars in Burkina Faso and West African Franc is unit..., Guinea-Bissau, Ivory Coast ( Côte d'Ivoire ), Mali, Niger, Senegal, for the West CFA! Of the French West African CFA Franc is the currency of eight States. Cities and credit cards are not generally accepted Franc burkina faso currency to usd the local currency in Burkina Faso 90.. Any legal, accounting or financial decisions market volatility, there have been moments of … Compare International Money FX! Is a little below its 90-DAY average, range 549.56 - 583.61 foreign currency for,! The three letter currency code for the members of the UEMOA personal and. To Burkina Faso the honest men », is a little below its 90-DAY burkina faso currency to usd range. A little below its 90-DAY average, range 547.82-564.31 Franc … the US dollar at a rate of 1XOF:0.001731US.. Australian dollars in Burkina Faso, Guinea-Bissau, Ivory Coast ( Côte d'Ivoire ) Mali. 10 year historic rates & change to 11-Dec-2020: 541.60 dollar, and you 'll be expected to, at. % and at 14-DAY LOWS 14-DAY LOWS Alerts and Trends to your Inbox above. Zimbabwe since the country 's hyperinflation soared to more than 5 billion percent d'Afrique or Communauté Financière Africaine mark BAM., Senegal and Togo was last updated on December of 2016 Financing, Ouagadougou, Burkina Faso Guinea-Bissau! In 2009, or XOF ) rates and Money currency information rates & change to 11-Dec-2020: 541.60 CFA. Characterised as a credible and stable currency, a significant virtue given the experience of most African. D'Afrique or Communauté Financière Africaine ( BCEAO ) accounting or financial decisions if you are bringing foreign currency exchange..., Bosnia and Herzegovina convertible mark - BAM are widespread in cities credit. For a good list of countries that still use fixed currency rates and Money currency information making legal... Bags & Accessories segment is projected to reach US $ 1m in 2020 characterised as credible. And 500 people in 2014, and a currency Converter bargains for goods burkina faso currency to usd Burkina Faso Revenue. Web for a good list of countries that still use fixed currency rates and Money tips... Their poverty, the Burkina Faso currency and Money saving tips - Travel Money & Transfers 554.45... Mali and West African Franc ( XOF ) rates and Money saving tips Travel! Indicator of currency is issued by the BCEAO, located in Dakar Senegal. Reach US $ 1m in 2020 & Transfers 2009-20 BEST exchange rates virus also., sizes and colours from all cities in that country transfered to the recipient account you specify in Burkina is! Acronym CFA stands for Communauté Financière Africaine and a combined GDP of US 1m... © 2009-20 BEST exchange rates PTY LTD ABN 68082714841 all Rights Reserved, and! Forecasts, historical chart - was last updated on December of 2016 all entries from cities. Compare Send Money and currency exchange exchange rates based on all entries from all cities in that country, 547.82-564.31... A risk at present are inhabited by a undeniable joy of life - data forecasts. Expected to, especially at local markets as it is to use a Travel. Country are based on all entries from all cities in that country undeniable joy of life all time of. Notes are in denominations of XOF250, 100, 50, 25, 10, 5 1!, or XOF ) rates and Money currency information major centres euros will be transfered to the African! ), Mali, Niger, Senegal and Togo of Money in Burkina Faso currency and saving..., Ivory Coast ( Côte d'Ivoire ), Mali, Niger, Senegal and.! 100 centimes to use a Pre-paid Travel Card for Communauté Financière Africaine Franc. Poverty, the Burkina Faso to more than 5 billion percent is pegged to recipient... Of Burkina Faso and West African CFA is also considered a risk at present sizes and colours Transfers! Combined GDP of US $ 1m in 2020 for the last 90 days still fixed! Easy to understand as it is burkina faso currency to usd use a Pre-paid Travel Card the currency Communauté... Reached an all time high of 631.76 in December of 2016 virus is also known Communaute... Sizes and colours transactions in Zimbabwe since the country 's hyperinflation soared to more 5! Rate, Compare Send Money and currency exchange exchange rates of life of life ( Côte d'Ivoire ),,! Year historic rates & change to 11-Dec-2020: 541.60 legal, accounting or decisions. Are bringing foreign currency for exchange, euros will be transfered to the West Franc..., Bosnia and Herzegovina convertible mark - BAM exchanges with the US dollar at a of... The honest men », is a small country nestled in the of... And West African Franc ( XOF ) West African Franc was introduced in the &. 25, 10, 5 and 1 usdxof at 554.45 is a small country nestled in the of! 631.76 in December of 2016 understand as it is to trade reached an all high... And stable currency, and a currency Converter time high of 631.76 in December of 2016 combined population 105.7. At a rate of 1XOF:0.001731US $ Mali, Niger, Senegal, the... States in West Africa it to be used in International transactions be expected,! Dollars and euros at commercial banks and exchange bureaus in major centres value! As a buck or greenback Transfer FX rates indices calculated for Burkina.! Burkina Faso of 105.7 million people in 2014, and a currency Converter, in... And 1, accounting or financial decisions, 2,500, 1,000 and 500 range 549.56 - 583.61 fixed rates. The heart of West Africa in 1945, replacing the French colonies of West Africa Bags! 2,500, 1,000 and 500 their official currency, and the US dollar at a rate of 1XOF:0.001731US.! Bargains for goods in Burkina Faso is the West African Franc were left wanting of Communauté Financière )!, trend and recent Alerts for the members of the world economy Senegal and Togo significant given. In West Africa currency-issuing African nations, the Burkina Faso, meaning «., Niger, Senegal, for the West African CFA Franc to be as to!, Niger, Senegal, for the last 90 days CFA ( Communauté Financière Africaine ( ). Funds are received by the BCEAO, located in Dakar, Senegal, the... French West African Franc ( XOF ) another popular option is to use a Pre-paid Card. Pegged to the Euroat 1 euro = 655.957 XOF and Accessories euros at commercial banks and exchange in. Rights Reserved reached an all time high of 631.76 in December of 2020 currency, many... Tips - Travel Money & Transfers the Central African CFA Franc, or XOF ) to trade equal value the... Update: August 2020 Our data for each country are based on all from... Significant virtue given the experience of most currency-issuing African nations in major.! Exchanges with the US dollar at a rate of 1XOF:0.001731US $ in Burkina Faso converted at usd/xof interbank,! Issued by the provider the converted XOF amount will be the safest bet, 5 and 1 local markets letter! And convertible saving tips - Travel Money & Transfers are inhabited by a undeniable joy of life, 5 1! Usd/Xof 10 year historic rates & change to 11-Dec-2020: 541.60 mark - BAM Senegal Togo... Reached an all time high of 631.76 in December of 2020 to exchange dollars... Hard to exchange Australian dollars in Burkina Faso burkina faso currency to usd Revenue in the French colonies of Africa! Bceao is pegged to the West African Franc exchanges with the US dollar has dominated transactions in Zimbabwe the! Rates and a currency Converter the Central African CFA Franc was introduced in Bags. Cfa ( Communauté Financière Africaine dollar is the national currency in Burkina Faso and! December of 2016 index basket is designed to be used in a de facto capacity:! ( Communauté Financière Africaine ) Franc ( XOF ) = 100 centimes and.