Central African CFA Franc BEAC

Central African CFA Franc BEAC

The Central African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XAF) is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries have a combined population of 48.0 million people (as of 2014), and a combined GDP of US$88.2 billion (as of 2012).CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). It is issued by the BEAC (Banque des États de l'Afrique Centrale, "Bank of the Central African States"), located in Yaoundé, Cameroon, for the members of the CEMAC (Communauté Économique et Monétaire de l'Afrique Centrale, "Economic and Monetary Community of Central Africa"). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued. In several west African states, the West African CFA franc, which is of equal value to the Central African CFA franc, is in circulation.

Chinese Yuan Renminbi

Chinese Yuan Renminbi

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).

1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi exchange rates chart

1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi exchange rates graph
1390500 XAF to CNY exchange rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi exchange rates FAQs

What is 1390500 XAF to CNY?

The meaning of 1390500 XAF to CNY is to exchange 1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi by applying the latest currency rate on the market. The actual exchange rates you can get vary between different bureau de changes. Forex.gg is offering inter-market exchange rates to convert 1390500 XAF to CNY on the chart below.

Who can exchange 1390500 XAF to CNY?

Anyone with 1390500 Central African CFA Franc BEAC can find a local bank or a bureau de change to convert into Central African CFA Franc BEAC. However, if neither XAF nor CNY is the local currency. It might be quite difficult to find a local broker to faciliate the exchange. That's why Forex.gg is offering details about local forex brokers to save the time of searching around for the right broker.

When to exchange 1390500 XAF to CNY?

Due to the nature of the forex market, the exchange rates for 1390500 XAF to CNY is changing all the time in New York between 01:00 pm – 10:00 pm GMT; at 10:00 pm GMT Sydney comes online; Tokyo opens at 00:00 am and closes at 9:00 am GMT; and to complete the loop, London opens at 8:00 am and closes at 05:00 pm GMT. So the currency rate you see in this page may change any minute. It's better to lock in the exchange rates with your local broker so that you won't be affected for any future rate changes.

Why do I want to convert 1390500 XAF to CNY?

Most likely you are traveling and want to get some Chinese Yuan Renminbi cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 1390500 XAF to CNY?

Usually you can find a local bank, post office or bureau de change to exchange 1390500 XAF to CNY. But you will soon find out that the exchange rates you can find at all thoses places vary by a lot. It's better to be prepared before hand and do your research about the local forex brokers. That's the exact reason why Forex.gg is doing the homework for you to find the best local bureau de change to avoid being ripped off. All you need to do is input the amount of Chinese Yuan Renminbi you wnat to buy or sell and we will show you where to find the best rate. No forex exchange commissions or fees required!

How to exchange 1390500 XAF to CNY?

Use the tool we provided here to find the best exchange rates for 1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 1390500 XAF in hand and exchange the cash you want in store or online. It's just that simple with no fees or commissions from Forex.gg!

1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi exchange rates table

Exchange XAF to CNY
1390500 Central African CFA Franc BEAC = 16690.660 Chinese Yuan Renminbi
2781000 Central African CFA Franc BEAC = 33381.320 Chinese Yuan Renminbi
6952500 Central African CFA Franc BEAC = 83453.300 Chinese Yuan Renminbi
13905000 Central African CFA Franc BEAC = 166906.600 Chinese Yuan Renminbi
Exchange Central African CFA Franc BEAC to Chinese Yuan Renminbi
1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi news tweets

1390500 XAF to CNY added 1 tweet
2019-10-08 15:01:39 UTC
@vaquerodepapel @LukeGromen 2 separate contracts, 1 denominated in fiat yuan renminbi 1 denominated in fiat Feder… https://t.co/vEhspm93ig
1390500 XAF to CNY added 1 tweet
2019-10-16 21:03:23 UTC
@TheBabylonBee NBA and NBA players should ALL be apologizing to Hong Kong citizens for trivializing their quest for… https://t.co/KeAbUAtFL1
1390500 XAF to CNY added 1 tweet
2019-10-17 11:22:43 UTC
RT @Rob_Kimbell: Pound on the Foreign Exchange Spot Market: $.1.30 €1.12 Other exchange rates: 8.95 Chinese Yuan Renminbi 5.39 Ma… https://t.co/th9MTR02Dr
1390500 XAF to CNY added 1 tweet
2019-10-17 21:34:54 UTC
RT @SCMPNews: The yuan’s top forecaster warns traders against selling the Chinese currency short as good news from trade talk may… https://t.co/VbgKuP13Ax
1390500 XAF to CNY added 1 tweet
2019-10-17 12:53:13 UTC
RT @SCMPNews: The yuan’s top forecaster warns traders against selling the Chinese currency short as good news from trade talk may… https://t.co/VbgKuP13Ax

1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi news texts

“There is no reason to fear a possible devaluation of the CFA franc,” Abbas Mahamat Tolli, governor of Beac

At the end of the 3rd session of the BEAC Monetary Policy Committee (MPC) for the year 2018, held on 31 October 2018 in the Cameroonian capital, the

12 months indicative neutral
Currency Codes

currency codes

11 months indicative neutral
China's currency is expected to fall below its own 'red line,' prompting more complaints from US
China's currency is expected to fall below its own 'red line,' prompting more complaints from US

Strategists expect China's weakening currency to eventually fall through a key psychological level that could spark an even steeper drop and no doubt draw a new round of criticism from the Trump administration.

12 months conditional negative

1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi currency converter

1390500 Central African CFA Franc BEAC to Chinese Yuan Renminbi exchange rates

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