How to transfer a large amount of money with Bendigo Bank in 2025
Sending large amounts of money across borders can be complex, but Bendigo Bank makes it…
The CFA Franc (XOF) is a common currency used by eight West African countries that are members of the West African Economic and Monetary Union (WAEMU). It is issued by the Central Bank of West African States (BCEAO) and is pegged to the euro at a fixed exchange rate. The CFA Franc was introduced in 1945 and has remained a stable currency, facilitating trade and economic cooperation among its member states. The XOF is not legal tender outside WAEMU nations, but its stability makes it a preferred medium of exchange in West Africa. The CFA Franc is subdivided into 100 centimes, though smaller denominations are rarely used.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.