Convert 1 CFA Franc BCEAO (XOF) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on 20th July 2019 ( 20/07/2019 )
Below you will find the latest exchange rate for exchanging CFA Franc BCEAO (XOF) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The CFA Franc BCEAO (XOF) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
The official currency for Western African states is the CFA franc. The franc is subdivided into 100 centimes and comes in denominations of 1000, 2000, 5000 and 10000 francs. Foreign currency can be exchanged at most banks and at various foreign currency exchange offices. The franc is the only currency that is valid in the country rates for exchanges may vary from bank to bank.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.