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.

Japanese Yen

Japanese Yen

The yen (Japanese: 円, Hepburn: en, symbol: ¥; code: JPY; also abbreviated as JP¥) is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro, and the pound sterling. The concept of the yen was a component of the Meiji government's modernization program of Japan's economy; which postulated the pursuit of a uniform currency throughout the country modeled after the European decimal currency system. Before the Meiji Restoration, Japan's feudal fiefs all issued their own money, hansatsu, in an array of incompatible denominations. The New Currency Act of 1871 did away with these and established the yen, which was defined as 1.5 g (0.048 troy ounces) of gold, or 24.26 g (0.780 troy ounces) of silver, as the new decimal currency. The former han (fiefs) became prefectures and their mints private chartered banks, which initially retained the right to print money. To bring an end to this situation the Bank of Japan was founded in 1882 and given a monopoly on controlling the money supply.Following World War II the yen lost much of its prewar value. To stabilize the Japanese economy the exchange rate of the yen was fixed at ¥360 per $1 as part of the Bretton Woods system. When that system was abandoned in 1971, the yen became undervalued and was allowed to float. The yen had appreciated to a peak of ¥271 per $1 in 1973, then underwent periods of depreciation and appreciation due to the 1973 oil crisis, arriving at a value of ¥227 per $1 by 1980. Since 1973, the Japanese government has maintained a policy of currency intervention, and the yen is therefore under a "dirty float" regime. This intervention continues to this day. The Japanese government focuses on a competitive export market, and tries to ensure a low yen value through a trade surplus. The Plaza Accord of 1985 temporarily changed this situation from its average of ¥239 per US$1 in 1985 to ¥128 in 1988 and led to a peak value of ¥80 against the U.S. dollar in 1995, effectively increasing the value of Japan’s GDP to almost that of the United States. Since that time, however, the yen has greatly decreased in value. The Bank of Japan maintains a policy of zero to near-zero interest rates and the Japanese government has an extreme anti-inflation policy.

5 CFA Franc to Japanese Yen exchange rates chart

5 CFA Franc to Japanese Yen exchange rates graph
5 XOF to JPY 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.

5 CFA Franc to Japanese Yen exchange rates FAQs

What is 5 XOF to JPY?

The meaning of 5 XOF to JPY is to exchange 5 CFA Franc to Japanese Yen 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 5 XOF to JPY on the chart below.

Who can exchange 5 XOF to JPY?

Anyone with 5 CFA Franc can find a local bank or a bureau de change to convert into CFA Franc. However, if neither XOF nor JPY 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 5 XOF to JPY?

Due to the nature of the forex market, the exchange rates for 5 XOF to JPY 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 5 XOF to JPY?

Most likely you are traveling and want to get some Japanese Yen cash. Or you've just came back from a recent trip or received cash transfer from overseas. There are many reasons to convert 5 CFA Franc to Japanese Yen. And we believe you should be getting the best exchange rate available on the market to exchange the currency.

Where to convert 5 XOF to JPY?

Usually you can find a local bank, post office or bureau de change to exchange 5 XOF to JPY. 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 Japanese Yen 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 5 XOF to JPY?

Use the tool we provided here to find the best exchange rates for 5 CFA Franc to Japanese Yen. Lock in the rate by contacting the broker directly by phone or message. And go to the branch with 5 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!

5 CFA Franc to Japanese Yen exchange rates table

Exchange XOF to JPY
5 CFA Franc = 0.906 Japanese Yen
10 CFA Franc = 1.813 Japanese Yen
25 CFA Franc = 4.531 Japanese Yen
50 CFA Franc = 9.063 Japanese Yen
Exchange CFA Franc to Japanese Yen
5 CFA Franc to Japanese Yen 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.

5 CFA Franc to Japanese Yen news tweets

5 XOF to JPY added 1 tweet
2019-08-19 09:49:37 UTC
@hebies0 https://t.co/UqC4B0jFVl Banda Kani Repond aux économistes donneur de leçon sur le Franc cfa… https://t.co/YutkiGd4j6
5 XOF to JPY added 1 tweet
2019-08-19 09:48:17 UTC
RT @BJMbraun: The CFA franc "radicalizes the constraints imposed on ... the Global South and makes it more difficult to pursue gr… https://t.co/13vdR5f7qf
5 XOF to JPY added 1 tweet
2019-08-19 09:48:00 UTC
@Roi_Euron @doublecway @LibelluleM__ @lordvanvan @BFMTV La France ne paye rien dans la zone franc tout simplement p… https://t.co/hAi7cR4fcQ
5 XOF to JPY added 1 tweet
2019-08-19 09:46:07 UTC
RT @fpigeaud: Les dirigeants des pays utilisant le franc CFA n’ont toujours pas dit à leurs pairs de la Cédéao comment ils compta… https://t.co/Xhk8y3sOSd
5 XOF to JPY added 1 tweet
2019-08-19 09:45:30 UTC
RT @Nath_Yamb: On s’en fout d’avoir des rues au nom de soldats africains... On dit on ne veut plus du franc cfa, plus des bases mi… https://t.co/mgZ8uRAQZ0
5 XOF to JPY added 1 tweet
2019-08-19 21:34:32 UTC
Japanese yen falls against dollar, shrugs off strong economic data: Japanese yen fell against dollar today despite… https://t.co/XNdB5ScNao
5 XOF to JPY added 1 tweet
2019-08-19 21:30:16 UTC
#Currencies 19/8/2019 Euro$1.11 British Pound$1.21 Japanese Yen¥106.64 Canadian Dollar$0.75 Chinese Yuan¥7.05 vía #CNNMoney
5 XOF to JPY added 1 tweet
2019-08-19 21:11:55 UTC
RT @toy_squeak: @realDonaldTrump If our dollar is so strong then why is it dropping when compared to the Japanese Yen and other cur… https://t.co/VDZg27F0G6
5 XOF to JPY added 1 tweet
2019-08-19 21:05:10 UTC
I just looked at what's happening to my savings after Brexit, I'm afraid I will have to charge you for reading my tweets. In Japanese Yen.
5 XOF to JPY added 1 tweet
2019-08-19 20:46:43 UTC
RT @coindesk: Japanese e-commerce giant @Rakuten has launched its new app-based crypto exchange for spot trading of $BCT, $ETH an… https://t.co/2zWiGUdaOi

5 CFA Franc to Japanese Yen news media

5 XOF to JPY added 1 medium
2016-06-23T20:20:14+02:00
Một đống tiền hôm qua vậy mà hôm nay banh ta lông vì hôm nay đi đảo bị ép mua đồ rồi còn trả giá ko lại mấy bà bán hàng . 😂 . Dù sao cũng gọi là đi mấy chỗ cần đi xong rồi. Lần sau lỡ có qua đây thì ở trong phòng ăn với ngủ thôi 😝 #Dakar #Senegal 🇸🇳 #bissap 🍷🌺 #PouletYassa 🍚🍗 #cfafranc 💸
5 XOF to JPY added 1 medium
2018-03-06T20:12:12+01:00
Full event @soassu #cassoas about #thomassankara , #worldbank #cfafranc #africandebt. Thank you for pulling out such a great event. Looking forward to hearing from the panel.
5 XOF to JPY added 1 medium
2015-05-23T21:30:59+02:00
Pretty Money 💜 #cfafranc #cotedivoire #thisisafrica #makeitpurplerain
5 XOF to JPY 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
5 XOF to JPY 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
5 XOF to JPY added 1 medium
2019-08-12T21:53:47+02:00
💪💪 #japaneseyen Japanese Yen🇨🇦❤🇯🇵
5 XOF to JPY added 1 medium
2019-08-05T11:36:54+02:00
Japanese bank notes, age unknown. #banknotes #japanese #japanesebanknotes #yen #japaneseyen #1yen #oneyen
5 XOF to JPY added 1 medium
2019-08-03T11:16:01+02:00
Japan 10000 Yen 2011 Fukuzawa Yukichi (福澤 諭吉) writer, author, entrepeneur founder of the Keio University. #🇯🇵 #japan #日本 #nihon #nippon #fukuzawayukichi #yukichifukuzawa #福澤諭吉 #writer #author #10000円 #10000yen #yen #jpy #japanyen #円 #japaneseyen #紙幣 #貨幣学 #通貨 #banknote #papermoney #paper_money #notafilia #notaphily #numismatics #currency #oldcurrency #money #moneydetails
5 XOF to JPY added 1 medium
2019-08-17T22:17:05+02:00
Usdjpy (Us dollar - Japanese yen) Forecast. Forex signals telegram channel. Join us! Link in bio. #thunderpipsforex #thunderpipsfx #thunderpips #usd #usdjpy #yen #japaneseyen #dollar #jpy #usa #forexusa #forexjapan #forextraders #forexsignal #forexmoney #forexprofit #forexlife #forexlifestyle #forex #forexsignals #forexmarket #forextrade #forextrader #forexanalysis #fxsignals #trading #tradingforex #pips #profits
5 XOF to JPY added 1 medium
2019-08-17T11:36:44+02:00
Whether you're a card hoarder or only carry cash — we have a wallet for you! View Entire Post › #Passport, #BoardingPass, #Amazon, #Coupon, #JapaneseYen, #CoinPurse#love #instagood #photooftheday #fashion #beautiful #happy #cute #tbt #like4like #followme #picoftheday #follow#me #selfie #summer #art #instadaily #friends - Source: Buzzfeed Check Link in bio - @buzzzfeed

5 CFA Franc to Japanese Yen 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

5 CFA Franc to Japanese Yen currency converter

5 CFA Franc to Japanese Yen exchange rates

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