West African CFA Franc To Naria Black Market Rate Today- See the current exchange rate today
The West African CFA Franc is a currency used by eight West African Countries and Six Central African Countries. CFA Franc is an abbreviation of Franc of the Financial Community of Africa and it is used by a total of 14 countries which include: Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of Togo.
Have you been wondering about the current exchange rate today(December 04, 2023)? Right here, we will provide information on both the selling and buying rates at the black market and the Central Bank of Nigeria.
You must understand what it means to sell and buy in currency exchange because these two terms are very important. Selling means converting from CFA Franc to Naira while buying means the opposite.
West African CFA Franc To Naira Black Market Rate Today(December 04, 2023)
The West African CFA Franc is different from the Central CFA Franc and that will be the focus of this article. The buying rate is ₦1580 while the selling rate is ₦1600.
From the table above, you can see that if you can sell 1 CFA Franc, you will be given ₦1600. The table below outlines the common denomination conversion to naira
|Denomination||Amount in Naira|
|1 CFA Franc||₦1600|
|10 CFA Franc||₦16000|
|500 CFA Franc||₦800,000|
|1,000 CFA Franc||₦1600000|
West African CFA France To Naira CBN Rate
The CBN Selling rate is ₦1.3696 while the buying rate is ₦1.3496
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