What is the CFA Franc BEAC worth against the Nigerian Naira today?

1 XAF is worth 1.87 NGN today

How much is 10 XAF worth in NGN?

At the current exchange rate of 1.87 , a sum of 10 CFA Franc BEAC is worth 18.7 Nigerian Naira.

Which currency is stronger? XAF or NGN?

The CFA Franc BEAC is currently stronger than the Nigerian Naira given that 1 XAF is equal to 1.87 NGN. Conversely, 1 NGN is worth 0.535 XAF.

Overview of XAF to NGN Performance and Trends

Today, to buy 10 CFA Franc BEAC, you need 18.7 Nigerian Naira. On the same date last year, you needed 7.66 Nigerian Naira for 10 CFA Franc BEAC. This change indicates that the CFA Franc BEAC has become stronger against the Nigerian Naira by 143.99% over the past year.

The pair experienced high volatility of 264.68%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

XAF to NGN Currency Performance and Volatility

Last 7 Days

• Performance: FCFA10 varied between ₦1.869 (weekly low) and ₦2.15 (weekly high), a variance of ₦0.281 .
• Volatility: Fluctuated by 15.03%.

Last 30 Days

• Performance: FCFA10 varied between ₦1.869 (30-day low) to ₦2.652 (30-day high), a variance of ₦0.783 .
• Volatility: Fluctuated by 41.89%.

Last 90 Days

• Performance: FCFA10 varied between ₦1.408 (90-day low) to ₦2.695 (90-day high), a variance of ₦1.287 .
• Volatility: Fluctuated by 91.41%.

Last Year

• Performance: FCFA10 ranged from ₦0.739 (yearly low) to ₦2.695 (yearly high), a variance of ₦1.956 .
• Volatility: Fluctuated by 264.68%.

XAF to NGN Forecast and trending

Is the CFA Franc BEAC going up or down against the Nigerian Naira?

Today's XAF to NGN exchange rate (1.87) is smaller compared to yesterday's rate (1.871).

Understanding XAF to NGN Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert CFA Franc BEAC to Nigerian Naira, to send a payment, for a trip overseas, when shopping online or to hold a balance in Nigerian Naira.

How to convert XAF to NGN?

You can convert CFA Franc BEAC to Nigerian Naira either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Nigerian Naira in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

• Choose an exchange service that suits your needs
• Head there with the money in CFA Franc BEAC cash to exchange
• Get a quote for the exchange rate and any commission or fee you need to pay
• Hand over your money and receive your Nigerian Naira in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

• Choose an international payment service that suits your needs and head to their desktop site, or download their app
• Tap Send Payment
• Enter the amount in CFA Franc BEAC you want to send, or the amount in Nigerian Naira you want your recipient to get in the end
• You'll be shown a quote for the exchange rate and any commission or fee you need to pay
• Choose your preferred payment method, and follow the prompts to pay
• Your money will be deposited to your recipient's bank account directly, in Nigerian Naira

How to get the best XAF to NGN exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best XAF to NGN exchange rate for your specific transaction.

Get to know the XAF/NGN mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the XAF/NGN mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including CFA Franc BEAC and Nigerian Naira. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy CFA Franc BEAC with Nigerian Naira?

You'll be able to exchange Nigerian Naira to CFA Franc BEAC in the same way as you'd exchange CFA Franc BEAC to Nigerian Naira. If you have Nigerian Naira in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Nigerian Naira. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold CFA Franc BEAC in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange XAF to NGN?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.