CFA Franc

CFA Franc

The West African CFA franc (French: franc CFA; Portuguese: franco CFA or simply franc, ISO 4217 code: XOF) is the currency of eight independent states in West Africa: Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$78.4 billion (as of 2012).The acronym CFA stands for Communauté Financière d'Afrique ("Financial Community of Africa") or Communauté Financière Africaine ("African Financial Community"). The currency is issued by the BCEAO (Banque Centrale des États de l'Afrique de l'Ouest, "Central Bank of the West African States"), located in Dakar, Senegal, for the members of the UEMOA (Union Économique et Monétaire Ouest Africaine, "West African Economic and Monetary Union"). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued. The Central African CFA franc is of equal value to the West African CFA franc, and is in circulation in several central African states. They are both the CFA franc.

Nigerian Naira

Nigerian Naira

The naira (sign: ₦; code: NGN) is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Nigerian Federation. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency & Branch Operations Department of the CBN is in charge of currency management, through the procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins.

20 CFA Franc to Nigerian Naira exchange rates chart

20 CFA Franc to Nigerian Naira exchange rates graph
20 XOF to NGN 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.

20 CFA Franc to Nigerian Naira exchange rates FAQs

What is 20 XOF to NGN?

The meaning of 20 XOF to NGN is to exchange 20 CFA Franc to Nigerian Naira 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 20 XOF to NGN on the chart below.

Who can exchange 20 XOF to NGN?

Anyone with 20 CFA Franc can find a local bank or a bureau de change to convert into CFA Franc. However, if neither XOF nor NGN 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 20 XOF to NGN?

Due to the nature of the forex market, the exchange rates for 20 XOF to NGN 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 20 XOF to NGN?

Most likely you are traveling and want to get some Nigerian Naira cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 20 CFA Franc to Nigerian Naira. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 20 XOF to NGN?

Usually you can find a local bank, post office or bureau de change to exchange 20 XOF to NGN. 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 Nigerian Naira 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 20 XOF to NGN?

Use the tool we provided here to find the best exchange rates for 20 CFA Franc to Nigerian Naira. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 20 XOF 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!

20 CFA Franc to Nigerian Naira exchange rates table

Exchange XOF to NGN
20 CFA Franc = 12.228 Nigerian Naira
40 CFA Franc = 24.457 Nigerian Naira
100 CFA Franc = 61.142 Nigerian Naira
200 CFA Franc = 122.285 Nigerian Naira
Exchange CFA Franc to Nigerian Naira
20 CFA Franc to Nigerian Naira 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.

20 CFA Franc to Nigerian Naira news tweets

20 XOF to NGN added 1 tweet
2019-08-24 18:10:27 UTC
@snkrw @HAKKUHOSHO Cliquez sur le premier lien - Algérie monde forum franc cfa : https://t.co/YEFkWMprHy Le Docteu… https://t.co/DeiG63HtyL
20 XOF to NGN added 1 tweet
2019-08-24 17:47:05 UTC
Les francs-maçons appellent les dirigeants des pays de la zone franc à mettre fin à l’usage du franc CFA https://t.co/qh6XjNGWjr
20 XOF to NGN added 1 tweet
2019-08-24 16:55:15 UTC
15 Etats d'Afrique de l'Ouest veulent remplacer le franc CFA par une monnaie unique dès 2020 https://t.co/AmSi2UoWUM
20 XOF to NGN added 1 tweet
2019-08-24 16:45:06 UTC
"Le Franc CFA, la dernière monnaie coloniale du monde" | DW | 09.08.2019 https://t.co/h6bYi7QFrG
20 XOF to NGN added 1 tweet
2019-08-24 16:41:43 UTC
@Kibaro224C Débat sur la nouvelle monnaie africaine eco cedeao - fin du franc cfa https://t.co/YEFkWMprHy… https://t.co/sdmjqc2SvD
20 XOF to NGN added 1 tweet
2019-08-24 12:35:02 UTC
RT @Nairametrics: VIDEO: #dmxchallange #Naira edition! All credit to Money Africa (@themoneyafrica) The #Nigerian Naira has had a roc… https://t.co/fMrXwgVubK
20 XOF to NGN added 1 tweet
2019-08-24 12:13:34 UTC
RT @SmithVinci: I cant deny... I kinda feel Irritated when I see that 100 Naira note in the intro of Money Heist... I mean you ar… https://t.co/0pRjEOnKFN
20 XOF to NGN added 1 tweet
2019-08-24 12:04:29 UTC
RT @IkechuQwu: A Nigerian, Chinedu Echeruo sold his startup "Hopstop" to Apple for 1 billion dollars(359 Billion Naira). He is cu… https://t.co/1s5HAB7Crn
20 XOF to NGN added 1 tweet
2019-08-24 11:46:46 UTC
Nigerian efforts to support the naira may curtail supplies of food https://t.co/cLjs0ZATbX via @markets
20 XOF to NGN added 1 tweet
2019-08-24 11:41:46 UTC
@HNNAfrica quick to judge those on trial in The US but is fully supportive of Naira Marley who's currently on trial… https://t.co/hSgMWo7Gvy

20 CFA Franc to Nigerian Naira news media

20 XOF to NGN added 1 medium
2019-08-03T21:23:26+02:00
How Francophone Africa’s France-backed CFA franc works and why it’s controversial: The controversy over the CFA Franc gets revived on a regular basis by African politicians and intellectuals. The #currency gives rise to both passionate debate and simplistic, sweeping political declarations. The #CFAfranc is one of two regional #Africancurrencies backed by the French treasury with pegging to the euro. It can refer to either the #CentralAfricanCFAfranc, or the #WestAfricanCFAfranc. They are separate currencies. But both are effectively interchangeable. In theory, the #Frenchgovernment or the #monetaryunions using the currencies could decide to change the value of one or the other. So what’s all the fuss about? By Mark-Anthony Johnson #OneAfricanMarket #TheAfricaWeWant #Africa #AfricanUnion #AU #OneAfrica #AfCFTA #AfricaRising #CFTA #SAATM #AfricaWeMustTryHarder #Agenda2063 ‬#AfricaMustUnite #TradeNotAid #BetterAfricaBetterWorld ‬#TransAfricanHighway ‬#africaglobalnews @africa_global_news
20 XOF to NGN added 1 medium
2018-11-26T19:08:44+01:00
What is the name of the largest city of Gabon? #gabon #libreville #centralafrica #cfafranc #civilservice #map #mappractice #kbc #India #rstv #rajyasabha #loksabha #upsc #ias #upsc2020 #ias2020 #missionias2020 #dictionary #rahulguptaesperanza #vocabinary #currentaffairs #ips #irs #bureaucracy #studyiq #studylover #studyloverveer #tirelessstudy
20 XOF to NGN added 1 medium
2017-05-08T21:51:18+02:00
but she ain't messing with no broke asian #cfafranc #cfa #currency #presentation
20 XOF to NGN added 1 medium
2019-03-24T03:58:54+01:00
#cfafranc#франкКФА
20 XOF to NGN added 1 medium
2019-02-04T04:29:25+01:00
This sculpture from Danish artist @JeansGalschiot exposed in Copenhagen, represents France, a country of White men privileges, their overweight and their overall well-being lay on the pillage of Black Africa where people struggle for food despite the abundance of its natural resources & wealth. .... Cette oeuvre sculptée du Danois Jeans Galschiot exposée à Copenhague représente la France, pays des droits de l'homme blanc, dont l'embonpoint et le bien être repose essentiellement sur le pillage de l'Afrique noire dont les populations peinent à manger malgré l'abondance d'énormes ressources naturelles . 👏🏽👏🏽👏🏽 #Art4Thoughts #StretchUrBrain #France #Colonialism #CFAFranc #FrancCFA
20 XOF to NGN added 1 medium
2017-10-10T20:21:23+02:00
🔥🔥🔥🔥🔥 10,000 only Worldwide delivery Call/WhatsApp 08054607518 #onlineshopping #readytowear #lagosboutique #naijawedding #madeinnigeria #lagosbabes #slayqueen #naijamum #fabrics #abujababes #naijabase #fashionblog #motherhood #tailor #fashionaccessories #fabrics #nigerianfashion #pulsenigeria #maxidresses #bellanaija #lagosshopping #naijagist #naijapals #beauty #asooke #plussize #nigeriannaira #lagoswives #naijawives #owambe
20 XOF to NGN added 1 medium
2019-08-02T00:21:36+02:00
When last did hold any of this? . . . . 199/365 . . . #currency #money #365dayphotochallenge #365daychallenge #365dayphoto #365day #365photos #365photography #naira #nigeria #nigeriannaira
20 XOF to NGN added 1 medium
2018-02-20T10:22:49+01:00
Start saving today from airline tickets to mobile phones, laptops and many more. Get cashback for every transaction completed on one of our many retailers. #naijatrends #naijabusiness #nigeria #savings #informationnigeria #naija #nairaland #nigeriannaira #lagosnigeria #frequentflyer #travelnigeria #travelstart #jumia #qatarairways #sociallynaija #instablognaija #aliexpress #ajebomarket #acemarks #naijashopper #naijaonline
20 XOF to NGN added 1 medium
2019-06-10T15:22:54+02:00
🇳🇬 Nigeria - 50 Naira (2010) ┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈ 𝘾𝙤𝙢𝙢𝙚𝙢𝙤𝙧𝙖𝙩𝙞𝙫𝙚: 50th Anniversary of Independence ┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈ 🔹𝙁𝙧𝙤𝙣𝙩: Ethnic Nigerians citizenry: Hausa, Igbo and Yoruba; Ornamental patterns; Central bank of Nigeria logo. 🔹𝘽𝙖𝙘𝙠: Local fishermen; Map of Nigeria with national flag colors; Coat of Arms. 🔹𝙒𝙞𝙣𝙙𝙤𝙬: Central bank of Nigeria logo. 🔹𝙎𝙝𝙖𝙙𝙤𝙬 𝙞𝙢𝙖𝙜𝙚: "CBN" ┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈ 𝘾𝙪𝙧𝙧𝙚𝙣𝙘𝙮 𝙉𝙖𝙢𝙚: Naira 𝘾𝙤𝙙𝙚: NGN 𝘿𝙞𝙢𝙚𝙣𝙨𝙞𝙤𝙣𝙨: 130x72 mm Uncirculated Polymer ┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈ #nigeria #africa #nigeriamoney #nigerianaira #nigeriannaira #naira #nigerian #money #banknote #banknotes #collector #collection #denaro #notaphily #numismatic #numismatist #billetes #billete #papermoney #currency #moneta #moeda #polymer #polymerbanknote #fishing #fishermen #fish #blue
20 XOF to NGN added 1 medium
2018-12-12T12:20:50+01:00
Snatched🙌 This could be you Get #aecified #nigerianwomeninfashion #nigerianweightloss #nigerianweddinggallery #nigeriannaira #naira #naijabrides #naijafitmum #naijahotmoms #naijasale #naijahotmoms #weddingguestng #weddingpix #weddingtrendy #weddingideas #weddingstyle #weddingbells #weddingsnigeria

20 CFA Franc to Nigerian Naira news texts

Macron's Francafrique

President Emmanuel Macron was born after the end of colonialism but he very much displays colonial thinking.

about 2 years indicative neutral
An activist set fire to a CFA note and reignited a debate on France’s hold on Francophone Africa
An activist set fire to a CFA note and reignited a debate on France’s hold on Francophone Africa

A divisive decision by an activist to set a CFA note on fire in Senegal has reignited a debate on the common currency and the influence France still holds over francophone Africa. Kemy Seba set fire to a 5,000 CFA note (equivalent to $9.20) on Aug. 19, in protest over "Francafrique"—France’s continued political and economic...

almost 2 years indicative negative
Why Some Africans Are Uncomfortable with CFA Franc

The CFA franc was established by France for purposes of serving as a legal tender in its African colonies, but years after the French administration left the continent, CFA franc continues to influence the West and Central African regions.

almost 2 years indicative neutral
“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

10 months indicative neutral
Nigeria’s Central Bank Finally Throws in Towel on Naira Peg
Nigeria’s Central Bank Finally Throws in Towel on Naira Peg

Nigeria’s central bank said it will allow the naira exchange rate to be market-driven, setting the stage for a devaluation of as much as 36 percent when a new trading system comes into effect June 20.

over 2 years conditional positive
Nigeria’s naira has become the punchline to a bad joke thanks to its central bank governor
Nigeria’s naira has become the punchline to a bad joke thanks to its central bank governor

In episode 5 (Season 2) of the hit Showtime television series, “Billions”, the lead character Bobby Axelrod, a hedge fund manager (played by Damian Lewis), has lost money in his fund for the quarter and has three days to dramatically get the fund back to profit before the quarter closes out. And what’s his risky gamble?...

over 2 years indicative neutral
Nigeria is no longer running short on dollars—for now
Nigeria is no longer running short on dollars—for now

In the past year, it's been almost impossible to say anything about Nigeria's economy without talking about the naira. Currency controls imposed by the government of Muhammadu Buhari led to a downward spiral for the naira, which changes hands at vastly weaker rates on the black market than the official one set by the Central Bank of Nigeria...

over 2 years conditional neutral
Nigeria: Naira Weakens As CBN, Nafex Pump U.S.$2 Billion Into Forex Market

The value of the naira last week weakened slightly against the dollar as the Central Bank of Nigeria (CBN) and the Nigeria Autonomous Foreign Exchange Market (NAFEX) saw an inflow of $2billion.

9 months indicative negative

20 CFA Franc to Nigerian Naira currency converter

20 CFA Franc to Nigerian Naira exchange rates

50 UAH to EUR
Kiev, Ukraine.
100 EUR to RUB
Dublin, Ireland.
1 QAR to INR
Doha, State of Qatar.
50 USD to HRK
New York City, United States.
3000 CNY to CHF
Zürich, Switzerland.
7000 THB to EUR
Bangkok, Kingdom of Thailand.
7000 THB to EUR
Bangkok, Kingdom of Thailand.
1000 HKD to SEK
Älmhult, Kingdom of Sweden.
1000 SEK to HKD
Älmhult, Kingdom of Sweden.
1 EUR to DKK
Århus, Kingdom of Denmark.
1 DKK to EUR
Århus, Kingdom of Denmark.
20 EUR to SEK
Lund, Kingdom of Sweden.
515 USD to CAD
Toronto, Canada.
1000 CAD to XPF
Toronto, Canada.
1 USD to UZS
Tashkent, Republic of Uzbekistan.
1 KZT to UZS
Tashkent, Republic of Uzbekistan.
1 AED to BGN
Karaisen, Republic of Bulgaria.
500 EUR to HRK
Amsterdam, Kingdom of the Netherlands.
3000 HRK to EUR
Amsterdam, Kingdom of the Netherlands.