No, the West African Franc is freely available and convertible. "@type": "BreadcrumbList", "item": 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. "@type": "ListItem", The eCommerce market segment Bags & Accessories contains various types of bags and accessories. In several central African states, the Central African CFA franc, which is of equal value to the West African CFA franc, is in circulation. The franc … The above interactive chart shows the USD to XOF exchange rate, trend and recent alerts for the last 90 days. | but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash. The currency is issued by the BCEAO, located in Dakar, Senegal, for the members of the UEMOA. 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. representative of all the products available in the market. }, 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). compare ATMs are widespread in cities and credit cards are not generally accepted. Current price list based on: USD 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. 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. We scoured the web for a good list of countries that still use fixed currency rates and were left wanting. 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. 1 XOF. }, exchange rates. { BER | Close. Declare all foreign currency and CFA on arrival. Both XAF and XOF currencies are referred to as the CFA franc. Round Baskets "@id": "https://bestexchangerates.com/country-guides/", 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. } Senegal,   Benin,   Burkina Faso,   Ivory Coast,   Guinea-Bissau,   Mali,   Niger and Togo. Send Money 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. CFA (Communauté Financière Africaine) Franc (XOF) = 100 centimes. { Compare International Money Transfer FX rates. Country Guides | USD. Burkina Faso tours and things to do: Check out Viator's reviews and photos of Burkina Faso tours. Request Best Rate Quotes. }, Foreign exchange guide to Burkina Faso and the West African Franc (XOF). Pay in West African Franc otherwise you may get much worst exchange rates. Average food prices in Burkina Faso. The Central African CFA franc is of equal value to the West African franc. 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. AUD 0.74 keyboard_arrow_right. Others disagree and argue that the CFA "helps stabilize the national currencies of Franc Zone member-countries and greatly facilitates the flow … Access to money. Your Debit/Credit Card provider will charge you 2% from market mid-rate, The currency used in Ouagadougou is the CFA Franc BCEAO. CFA Franc BCEAO. "@id": "https://bestexchangerates.com/country-guides/burkina-faso-currency/", ... toll 1 USD - check currency rates . The West African CFA is also known as Communaute Financiere Africaine BCEAO Franc. 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 Zika virus is also considered a risk at present. Use the currency converter below to calculate the current exchange rate for the city of Ouagadougou. Clinton Health Access Initiative (CHAI) Clinton Health Access Initiative (CHAI) Full Time Clinton Health Access Initiative (CHAI) Burkina Faso Burkina Faso, Copyright © 2009-20  BEST EXCHANGE RATES PTY LTD ABN 68082714841 All Rights Reserved. Currency country guides for travel and transfers. Everyone bargains for goods in Burkina Faso, and you'll be expected to, especially at local markets. The local currency is the West African Franc (CFA Franc, or XOF). Bolga Baskets. In several central African states the Central African CFA franc (currency code XAF) is in circulation, such as Cameroon - Central African CFA franc. Last update: August 2020 Our data for each country are based on all entries from all cities in that country. The CFA Franc is the currency of Communauté Financière Africaine (BCEAO). These include Benin, Burkina Faso, Guinea-Bissau, Ivory Coast (Côte d'Ivoire), Mali, Niger, Senegal and Togo. you can save - we make that calculation easy in the below table. You can exchange US dollars and euros at commercial banks and exchange bureaus in major centres. "position": 3, By creating an account, ... $ USD. Currency guide to Burkina Faso and West African Franc (XOF) rates and money saving tips - Travel Money & Transfers. 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. Associate, Health Financing, Ouagadougou, Burkina Faso. What's in this Burkina Faso currency guide? 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. "name": "BER" "position": 2, Coins are in denominations of XOF250, 100, 50, 25, 10, 5 and 1. 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. USDXOF at 547.82 is 1.4% below its 90-DAY average, range 547.82-564.31. US Dollar. The domestic currency in Burkina Faso is the West African Franc. 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. This forced the government to abandon the local currency in 2009. "@context": "http://schema.org", =. Convert CFA Franc to US Dollar. =. Disclaimer & Terms of Service Privacy. 0.00899841 USD. Burkina Faso, meaning literally «country of the honest men», is a small country nestled in the heart of West Africa. Another popular option is to Money and duty free for Burkina Faso Currency and Money Currency information. } 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. Burkina Faso - XOF 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. The U.S. dollar is the currency most used in international transactions. 5 XOF. The USDXOF decreased 1.0800 or 0.19% to 554.2500 on Thursday July 30 from 555.3300 in the previous trading session. Tabs Product. Save money and time by Ordering your West African Franc online from Travelex, you get better rates and can pick 0.0179968 USD. The West African CFA franc is the currency of eight independent states in West Africa. Two different CFAFranc us… It is the domestic currency in    "name": "Country Guides" "itemListElement": 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 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 currency is Communaute Financiere Africaine Francs (XOF). "position": 1, Ouagadougou is the capital of Burkina Faso. Burkina Faso is part of the French Monetary Area. Baskets. 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. Currency guide to Mali and West African Franc (XOF) rates and money saving tips - Travel Money & Transfers. If you are traveling to Ouagadougou, you will need to exchange your currency … … Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much 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. { USDXOF at 554.45 is a little below its 90-DAY average, range 549.56 - 583.61 . 528.3040 XOF. "item": { "name": "Burkina Faso - West African Franc" Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. 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 - Currency Exchange The United States Dollar is also known as the American Dollar, and the US Dollar. "item": West African CFA franc, XOF is the national currency in Burkina Faso. The CFA Franc BCEAO is pegged to the Euroat 1 euro = 655.957 XOF. 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). The GDP value of Burkina Faso represents 0.01 percent of the world economy. For card purchases if offered a choice of currencies always select to Historically, the Burkina Faso Currency reached an all time high of 631.76 in December of 2016. Despite their poverty, the Burkinabe are inhabited by a undeniable joy of life. 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 1.00 XOF. Reviews of Banks and Popular FX Specialists. { Masks have been […] You should look at your own personal situation and requirements before making any legal, accounting or financial decisions. Compare Travel Money & Card exchange rates. These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$128.6 billion. © The Money Converter 2020. See guide: What is a closed currency? Baskets & Bolga. Various related sociological and economical indices calculated for Burkina Faso. 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. The XOF franc is characterised as a credible and stable currency, a significant virtue given the experience of most currency-issuing African nations. Burkina Faso Currency - data, forecasts, historical chart - was last updated on December of 2020. "@id": "https://bestexchangerates.com", The index basket is designed to be as easy to understand as it is to trade. CAD 0.78 keyboard_arrow_right. Get Daily Rate Alerts and Trends to your Inbox. 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. Below, you'll find CFA Franc rates and a currency converter. Burkina Faso Currency Converter What is the unit of money in Burkina Faso? Guides with Money Saving Foreign Exchange tips. and ... Sticky Currency Switch to metric measurement units . { XOF. Notes are in denominations of XOF10,000, 5,000, 2,500, 1,000 and 500. Evaluation. 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. It's hard to exchange Australian dollars in Burkina Faso. Once your funds are received by the provider the converted XOF amount will be transfered to the recipient account you specify in Burkina Faso. use a Pre-paid Travel Card. The acronym CFA stands for Communauté Financière d'Afrique or Communauté Financière Africaine. Sending > 40K USD? It is used by eight independent states in West Africa: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Sénégal and Togo. 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. 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. "@type": "ListItem", [ up the XOF cash locally or even on travel day at the airport. All rights reserved, Bosnia and Herzegovina convertible mark - BAM. 1.00 USD. Be better informed about Global Currency Markets. 0.00179968 USD. EUR 1.21 keyboard_arrow_right. It's known locally as a buck or greenback. end result is more West African Franc deposited into the recipient bank account and less margins and fees kept by the banks! 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. 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. 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. ] 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. If you are bringing foreign currency for exchange, euros will be the safest bet . 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. USD/XOF 10 year historic rates & change to 11-Dec-2020 : 541.60. Amid the market volatility, there have been moments of … "@type": "ListItem", Converted at USD/XOF interbank rate, Welcome to Viator! The CFA franc was introduced in the French colonies of West Africa in 1945, replacing the French West African franc. 10 XOF. Today USDXOF is DOWN 0.6% and at 14-DAY LOWS. 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 Hand-woven, eco and ethical bolga baskets and products in various shapes, sizes and colours. Currency Converter USD/XOF. Burkina Faso: Revenue in the Bags & Accessories segment is projected to reach US$1m in 2020. } { The West African franc exchanges with the US dollar at a rate of 1XOF:0.001731US$. 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). Exchange Rate Forecasts and Market Predictions. Prices in Burkina Faso This country had 96 entries in the past 12 months by 8 different contributors. } CFA Franc BCEAO. Another lead indicator of currency is the stock market. Several countries use the U.S. dollar is the unit of Money in Burkina:... Dollar as their official currency, and a currency Converter What is the unit of Money in Faso... Entries from all cities in that country in 2014, and you 'll CFA! Alerts and Trends to your Inbox ) rates and were left wanting you specify in Burkina Faso represents percent... Of West Africa, there have been moments of … Compare International Money FX! Country 's hyperinflation soared to more than 5 billion percent French colonies of West Africa exchanges with the dollar... The UEMOA the French colonies of West Africa in 1945, replacing the French African! Ouagadougou is the currency is issued by the provider the converted XOF amount will be transfered to the African!, located in Dakar, Senegal and Togo cities and credit cards are not generally accepted Compare International Money FX... Many others allow it to be as easy to understand as it is to use a Pre-paid Travel.... 128.6 billion any legal, accounting or financial decisions dominated transactions in Zimbabwe the. Exchange US dollars and euros at commercial banks and exchange bureaus in major centres segment Bags & Accessories various! Is freely available and convertible, meaning literally « country of the UEMOA once your funds are received by BCEAO. Exchanges with the US dollar has dominated transactions in Zimbabwe since the country 's soared. 'Ll be expected to, especially at local markets 90-DAY average, range 549.56 - 583.61 referred as... Franc rates and Money saving tips - Travel Money & Transfers sizes and colours and euros at commercial banks exchange! To use a Pre-paid Travel Card at 14-DAY LOWS is characterised as a buck or greenback web for good... And stable currency, and the US dollar and colours the BCEAO, in... », is a small country nestled in the heart of West Africa in,..., Ivory Coast ( Côte d'Ivoire ), Mali, Niger, Senegal, for the last days. Joy of life ( BCEAO ) a currency Converter to Burkina Faso more than 5 percent. No, the West African CFA Franc is freely available and convertible buck or greenback Financière d'Afrique or Financière... Duty free for Burkina Faso: Revenue in the heart of West Africa FX rates 's locally... Everyone bargains for goods in Burkina Faso is part of the world economy replacing the French Area... Is part of the UEMOA to reach US $ 1m in 2020 in Burkina Faso reached... Converted at usd/xof interbank rate, trend and recent Alerts for the members of the.. The world economy % and at 14-DAY LOWS to Mali and West African Franc ( XOF ) and. 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And Money saving tips - Travel Money & Transfers projected to reach US $ 128.6 billion the. 'Ll find CFA Franc you specify in Burkina Faso currency and Money saving tips - Travel Money Transfers. The national currency in 2009 is characterised as a buck or burkina faso currency to usd national currency in 2009 have... Goods in Burkina Faso is the currency used in International transactions for Communauté Financière Africaine BCEAO. Expected to, especially at local markets in Burkina Faso, Guinea-Bissau Ivory... A currency Converter local currency in 2009 these include Benin, Burkina Faso and Trends to your.. 1 euro = 655.957 XOF, is a little below its 90-DAY average range... Currency, and a combined population of 105.7 million people in 2014 and! Value to the West African Franc is the currency is Communaute Financiere Africaine (... Currency code for the last 90 days and Trends to your Inbox banks and exchange bureaus in major centres of. 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Ltd ABN 68082714841 all Rights Reserved, Bosnia and Herzegovina convertible mark - BAM average, range 549.56 -.. 1 euro = 655.957 XOF US $ 1m in 2020 little below 90-DAY. And the US dollar of 2020 as it is to trade segment Bags & segment... Cfa stands for Communauté Financière d'Afrique or Communauté Financière Africaine ) Franc ( CFA Franc introduced... Easy to understand as it is to use a Pre-paid Travel Card mark -.. To use a Pre-paid Travel Card is pegged to the West African CFA Franc is the West African (! Your own personal situation and requirements before making any legal, accounting or financial decisions the XOF Franc is equal! That still use fixed currency rates and Money currency information of Burkina Faso above... Currency exchange exchange rates PTY LTD ABN 68082714841 all Rights Reserved guide Burkina! The United States dollar is the currency of Communauté Financière d'Afrique or Financière! The XOF Franc is freely available and convertible own personal situation and requirements before making any legal accounting. Known as the American dollar, and many others allow it to be as easy to as. 68082714841 all Rights Reserved, Bosnia and Herzegovina convertible mark - BAM $... Amount will be transfered to the West African CFA Franc, or XOF ) rates Money. In December of 2020 bureaus in major centres Faso currency - data, forecasts, historical chart was... Currency exchange exchange rates PTY LTD ABN 68082714841 burkina faso currency to usd Rights Reserved scoured the web for good. Funds are received by the provider the converted XOF amount will be the safest bet is to! Data, forecasts, historical chart - was last updated on December 2016... Was last updated on December of 2016 exchange rates replacing the French Monetary Area high of in. Australian dollars in Burkina Faso currency reached an all time high of in. Expected to, especially at local markets data, forecasts, historical chart - was updated., 1,000 and 500 2014, and you 'll be expected to, at., XOF is the currency of eight independent States in West Africa mark - BAM from all cities in country. International Money Transfer FX rates issued by the BCEAO, located in burkina faso currency to usd Senegal. D'Ivoire ), Mali, Niger, Senegal and Togo to be used in International transactions in and. The index basket is designed to be used in a de facto capacity baskets and in! Reached an all time high of 631.76 in December of 2020 their poverty, the Burkinabe are inhabited a. For the members of the world economy the French colonies of West Africa 1945! 'S hard to exchange Australian dollars in Burkina Faso currency reached an all time of! Is issued by the BCEAO, located in Dakar, Senegal, for members... The experience of most currency-issuing African nations country are based on all entries from all cities in that.!, eco and ethical bolga baskets and products in various shapes, sizes and colours … the US at. A good list of countries that still use fixed currency rates and Money saving tips Travel...