What is the fixed exchange rate of the CFA franc to the euro?

The fixed exchange rate of the CFA franc to the euro is 655.957 CFA francs per euro.

This parity applies to both currencies commonly called the CFA franc: the West African CFA franc, coded XOF, and the Central African CFA franc, coded XAF. They have the same value against the euro, but they are separate currencies issued by different central banks and are not interchangeable as legal tender.

The rate took effect when the euro replaced the French franc as the monetary anchor on 1 January 1999. The transition did not change the CFA franc’s underlying parity because the French franc itself converted to the euro at a rate that preserved it. France guarantees convertibility at the fixed rate.

The CFA franc was created on 26 December 1945. “CFA” has had different official expansions over time, reflecting its colonial origins and later monetary unions. The two CFA zones together cover 14 African countries.