CFA Franc to Euro — exchange rate

Country of Circulation: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

Currency Code, Symbol: XOF, CFA

Denominations of coins in circulation: 1, 5, 10, 25, 50, 100, 200, 250, 500 francs CFA

Denominations of banknotes in circulation: 500, 1,000, 2,000, 5,000, 10,000 francs CFA

History: The West African CFA franc (BCEAO ) is a unified currency used in 8 African states, that are part of the CFA. In 2020, the participants are planning to eliminate the currency on their territories. On the international financial market in currency exchange, the currency is known as XOF.Centimes are used as change for the West African CFA franc. Every XOF has 100 centimes. The currency has been in circulation since 1945 after the French West African franc was eliminated. Representatives of the local fauna are used in the notes’ design. There are rhinos, dromedaries, red-crested turacos.Read More

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More