Understanding the exchange rate between the Nigerian Naira (NGN) and the Central African CFA Franc (XAF) is essential for individuals and businesses involved in transactions between Nigeria and Central African countries. This article provides a detailed overview of the NGN to XAF exchange rate, including the current rate, historical data, and factors that influence currency conversion.
Current Exchange Rate
As of 03:00 AM UTC today, one thousand naira equals Fr395.43 (three hundred ninety-five XAF francs). The current exchange rate is 0.395. We use the mid-market rate for NGN to XAF conversion.
NGN to XAF: 1 Nigerian Naira converts to FCFA 0.40 XAF as of November 10 at 3:34 AM.
Here's a quick reference table for common conversions:
| NGN | XAF |
|---|---|
| 0.5 NGN | FCFA 0.20 |
| 1 NGN | FCFA 0.40 |
| 5 NGN | FCFA 1.98 |
| 10 NGN | FCFA 3.96 |
| 50 NGN | FCFA 19.78 |
| 100 NGN | FCFA 39.56 |
| 500 NGN | FCFA 197.79 |
| 1,000 NGN | FCFA 395.59 |
Conversely, here's a table for XAF to NGN conversions:
Read also: Understanding AED to GHS
| XAF | NGN |
|---|---|
| 0.5 XAF | NGN 1.26 |
| 1 XAF | NGN 2.53 |
| 5 XAF | NGN 12.64 |
| 10 XAF | NGN 25.28 |
| 50 XAF | NGN 126.39 |
| 100 XAF | NGN 252.79 |
| 500 XAF | NGN 1,263.94 |
| 1,000 XAF | NGN 2,527.88 |
Historical Exchange Rates
A year ago today, ₦1,000.00 would have been exchanged for Fr365.25, which is Fr30.18 lower than today’s rate. The CFA Franc BEAC 🚀 risen by 0.03% (+0.129) against the Nigerian Naira compared to the previous closing exchange rate. Over the past seven days, the most favorable exchange rate was Fr396.30.
NGN to XOF Chart:
1 NGN to XOF exchange-rate stats: high, low, average, and volatility over the last 7, 30, and 90 days.
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 0.39645 | 0.39691 | 0.39691 |
| Low | 0.39216 | 0.38202 | 0.36430 |
| Average | 0.39485 | 0.38837 | 0.37690 |
| Volatility | 0.28% | 0.47% | 0.40% |
XOF to NGN Chart:
1 XOF to NGN exchange-rate stats: high, low, average, and volatility over the last 7, 30, and 90 days.
Read also: Historical ZAR/NGN Data
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 2.5500 | 2.6177 | 2.7450 |
| Low | 2.5224 | 2.5194 | 2.5194 |
| Average | 2.5326 | 2.5753 | 2.6549 |
| Volatility | 0.28% | 0.47% | 0.40% |
Factors Influencing the NGN to XAF Exchange Rate
The NGN to XAF exchange rate represents the value of one Nigerian Naira expressed in Central African CFA Franc. This rate is determined by the foreign exchange market, where currencies are bought and sold. The exchange rate can fluctuate frequently due to various factors, including economic conditions, geopolitical events, interest rates, and market sentiment.
Currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. The currency code for Nigerian Nairas is NGN. The currency symbol is ₦.
Currency rankings show that the most popular CFA Franc exchange rate is the XOF to USD rate. The currency code for CFA Francs is XOF. The currency symbol is CFA.
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