How Much is 1000 CFA to Naira Today?
If you’re wondering how much 1,000 CFA Francs (CFA) is in Nigerian Naira (₦)—you’re in the right spot. Here’s the latest overview and what to keep in mind when converting.
Present Exchange Rate
One XOF (West African CFA Franc) = around 2.578 Nigerian Naira, according to Wise’s currency converter.
Wise +1
Consequently, 1,000 CFA ≈ ₦2,578.
One XAF to NGN is listed at around 2.53 by another source (CoinCodex), meaning that 1,000 XAF ≈ ₦2,534.
CoinCodex +1
Ria Money Transfer displays 1,000 XOF ≈ ₦2,721.65 for the West African CFA Franc (XOF) to NGN.
Transfer of Ria Money
Therefore, it is safe to assume that 1,000 CFA is currently worth between ₦2,500 and ₦2,800.
Definition and Context of “CFA”
The West African CFA Franc (XOF) and the Central African CFA Franc (XAF) are the two currencies that are referred to as “CFA Franc.”
They are both
Since the Nigerian Naira (₦) itself is subject to volatility, cross‑currency conversions like these can vary from hour to hour.
Factors That Influence the Conversion Rate
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Market rates: The “mid‑market” rate is what you see online, but banks or money exchanges may apply a margin.
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Economic performance: Changes in inflation, trade balances, and external reserves in both West Africa and Nigeria can shift rates.
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Currency controls and foreign exchange supply: Nigeria in particular, has multiple rates and windows.
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Type of transaction: If you’re transferring money internationally (rather than just a theoretical conversion), fees and service mark‑ups matter.
Why This Matters for You
If you’re exchanging money between a CFA‑zone country (like Côte d’Ivoire, Senegal, Burkina Faso) and Nigeria, knowing the rate helps you decide when to convert. For businesses trading across the region or individuals sending money home or abroad, even a slight difference in rate can impact your amount significantly. Keeping an eye on the rate daily is wise, because as we saw, the difference between ₦2,534 and ₦2,721 for 1,000 CFA is material.
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