CFA Franc

The CFA Franc decreased to 474.51 in April from 475.94 in March of 2014. CFA Franc averaged 494.02 from 2009 until 2014, reaching an all time high of 542.79 in July of 2012 and a record low of 436.52 in November of 2009. The USDXOF spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the XOF. While the USDXOF spot exchange rate is quoted and exchanged in the same day, the USDXOF forward rate is quoted today but for delivery and payment on a specific future date. This page provides - CFA Franc - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
474.51 475.94 542.79 436.52 478.53 | 2014/05 2009 - 2014 Daily

TO

CFA Franc
LIST BY COUNTRY

Markets Last Previous Highest Lowest Forecast Unit
Currency 474.80 2014-04-14 475.94 542.79 436.52 478.53 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Niger Inflation Rate at 0.40 Percent  
The inflation rate in Niger was recorded at 0.40 percent in March of 2014. Inflation Rate in Niger is reported by the Institut National de la Statistique du Niger.
Niger Balance of Trade at -34372.70 FCFA Million  
Niger recorded a trade deficit of 34372.70 FCFA Million in the third quarter of 2013. Balance of Trade in Niger is reported by the Institut National de la Statistique du Niger.
Niger Exports at 139556.10 FCFA Million  
Exports in Niger increased to 139556.10 FCFA Million in the third quarter of 2013 from 127393.56 FCFA Million in the second quarter of 2013. Exports in Niger is reported by the Institut National de la Statistique du Niger.
Niger Imports at 173928.80 FCFA Million  
Imports in Niger decreased to 173928.80 FCFA Million in the third quarter of 2013 from 185523.50 FCFA Million in the second quarter of 2013. Imports in Niger is reported by the Institut National de la Statistique du Niger.
Niger Sales Tax Rate | VAT at 18.00 Percent  
The Sales Tax Rate in Niger stands at 18 percent. Sales Tax Rate in Niger is reported by the Ministry of Finance.
Niger Interest Rate at 3.50 Percent  
The benchmark interest rate in Niger was last recorded at 3.50 percent. Interest Rate in Niger is reported by the Central Bank of West African States (BCEAO).
Niger Current Account at -576.00 FCFA Million  
Niger recorded a Current Account deficit of 576 FCFA Million in 2013. Current Account in Niger is reported by the Institut National de la Statistique du Niger.
Niger Current Account to GDP at -28.20 Percent  
Niger is expected to record a Current Account deficit of 28.20 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Niger is reported by the Institut National de la Statistique du Niger.
Niger Government Budget at 0.10 Percent of GDP  
Niger is expected to record a Government Budget surplus equal to 0.10 percent of the country's Gross Domestic Product in 2013. Government Budget in Niger is reported by the Institut National de la Statistique du Niger.
Niger GDP Annual Growth Rate at 3.60 Percent  
The Gross Domestic Product (GDP) in Niger is expected to expand 3.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Niger is reported by the Institut National de la Statistique du Niger.
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