The maximum was reached on Thursday, 19 March 2020, English French Indonesian Thai Spanish Vietnamese Croatian Bulgarian Turkish Portuguese Lithuanian Serbian Hungarian Italian Greek Russian Romanian Polish Ukrainian. The maximum was reached on Thursday, 19 March 2020 1 Nigerian naira = 1.6796 West … The exchange rate had fallen to its lowest value. This situation had increased the value of CFA franc at the expense of our own Naira. Do you know that the West African CFA franc cannot be used in the Central Africa countries and also the Central Africa CFA franc cannot be used in West African countries? The maximum was reached on Thursday, 19 March 2020 1 Nigerian naira = 1.6796 West African CFA franc the minimum on Sunday, 30 August 2020 1 Nigerian naira = 1.4206 West African CFA franc _g1 = document.getElementById('g1-logo-inverted-source'); This article has fully complied and also research has been done to be able to get some major facts which were stated here. Or not planning. 5 West African CFA Franc to Nigerian Naira, 10 West African CFA Franc to Nigerian Naira, 50 West African CFA Franc to Nigerian Naira, 100 West African CFA Franc to Nigerian Naira, 500 West African CFA Franc to Nigerian Naira, 1000 West African CFA Franc to Nigerian Naira, 2000 West African CFA Franc to Nigerian Naira, 5000 West African CFA Franc to Nigerian Naira, 10000 West African CFA Franc to Nigerian Naira, 30000 West African CFA Franc to Nigerian Naira, 40000 West African CFA Franc to Nigerian Naira, 45000 West African CFA Franc to Nigerian Naira, 50000 West African CFA Franc to Nigerian Naira, 100000 West African CFA Franc to Nigerian Naira, 500000 West African CFA Franc to Nigerian Naira, 1000000 West African CFA Franc to Nigerian Naira, 1 West African CFA Franc = 0.6889 Nigerian Naira, 5 West African CFA Franc = 3.4443 Nigerian Naira, 10 West African CFA Franc = 6.8887 Nigerian Naira, 20 West African CFA Franc = 13.7774 Nigerian Naira, 25 West African CFA Franc = 17.2217 Nigerian Naira, 50 West African CFA Franc = 34.4434 Nigerian Naira, 100 West African CFA Franc = 68.8868 Nigerian Naira, 200 West African CFA Franc = 137.7735 Nigerian Naira, 250 West African CFA Franc = 172.2169 Nigerian Naira, 500 West African CFA Franc = 344.4338 Nigerian Naira, 1000 West African CFA Franc = 688.8677 Nigerian Naira, 2000 West African CFA Franc = 1,377.7353 Nigerian Naira, 2500 West African CFA Franc = 1,722.1692 Nigerian Naira, 5000 West African CFA Franc = 3,444.3384 Nigerian Naira, 10000 West African CFA Franc = 6,888.6767 Nigerian Naira, 20000 West African CFA Franc = 13,777.3535 Nigerian Naira, 25000 West African CFA Franc = 17,221.6918 Nigerian Naira, 50000 West African CFA Franc = 34,443.3836 Nigerian Naira, 100000 West African CFA Franc = 68,886.7673 Nigerian Naira, 200000 West African CFA Franc = 137,773.5345 Nigerian Naira, 500000 West African CFA Franc = 344,433.8364 Nigerian Naira, 1000000 West African CFA Franc = 688,867.6727 Nigerian Naira, 5 Nigerian Naira = 7.2583 West African CFA Franc, 10 Nigerian Naira = 14.5166 West African CFA Franc, 20 Nigerian Naira = 29.0332 West African CFA Franc, 25 Nigerian Naira = 36.2914 West African CFA Franc, 50 Nigerian Naira = 72.5829 West African CFA Franc, 100 Nigerian Naira = 145.1658 West African CFA Franc, 200 Nigerian Naira = 290.3315 West African CFA Franc, 250 Nigerian Naira = 362.9144 West African CFA Franc, 500 Nigerian Naira = 725.8288 West African CFA Franc, 1000 Nigerian Naira = 1,451.6576 West African CFA Franc, 2000 Nigerian Naira = 2,903.3152 West African CFA Franc, 2500 Nigerian Naira = 3,629.1440 West African CFA Franc, 5000 Nigerian Naira = 7,258.2881 West African CFA Franc, 10000 Nigerian Naira = 14,516.5761 West African CFA Franc, 20000 Nigerian Naira = 29,033.1522 West African CFA Franc, 25000 Nigerian Naira = 36,291.4403 West African CFA Franc, 50000 Nigerian Naira = 72,582.8805 West African CFA Franc, 100000 Nigerian Naira = 145,165.7611 West African CFA Franc, 200000 Nigerian Naira = 290,331.5222 West African CFA Franc, 500000 Nigerian Naira = 725,828.8054 West African CFA Franc, 1000000 Nigerian Naira = 1,451,657.6108 West African CFA Franc. Required fields are marked *. Save my name, email, and website in this browser for the next time I comment. Enter your account data and we will send you a link to reset your password. _g1.setAttribute('src', _g1.getAttribute('data-src') ); {  CEFA to naira exchange rate }. For now, we don’t and we are even helpless at our glaring situation but I know, with the right mindset, we would get there. Buying @ 1 Naira = 1.35 CFA Selling @ 1 Naira = 1.30 CFA CEFA to Naira CBN Rate. Between the years 1945 and 1958, the CFA stood for colonies Française d’Afrique (French Colonies of Africa) then also Communauté Française d’Afrique which is known as French community of Africa. The French franc was devalued in order to set a fixed exchange rate with the US dollar. Someone told me that N1000 correct CEFA1600, is true? This is, in fact, the biggest reason why the CFA is gaining strength against the Naira. Switch to the dark mode that's kinder on your eyes at night time. Convert CFA Franc (BCEAO) To Nigerian Naira, Exchange Rates Updated: Oct 21,2020 15:31 UTC, Full history please visit NGN/XOF History, Full history please visit NGN/XOF Exchange Rates History. The CFA franc currency was created on 26 December 1945, together with the CFP franc. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. We also update immediately there is any change in the exchange rate between the Naira and the CFA. to Naira is N1 equals 1.4705 CFA. } catch(e) {}. If only our importers who import from the Benin Republic would always take some goods with them with the value of the money they wish to spend there as export and sell it there before importing, this would at least balance the import and export as opposed to now when the relationship is skewed to the favour of Benin Republic. Switch to the light mode that's kinder on your eyes at day time. var _g1; to Naira is N1 equals 1.4705 CFA. please copy and paste the HTML from below into your page: Nigerian Naira(NGN) To CFA Franc (BCEAO)(XOF), Convert Nigerian Naira(NGN) To CFA Franc (BCEAO)(XOF), History Monday 12/10/2020 - Wednesday 21/10/2020, Nigerian Naira(NGN) To CFA Franc (BCEAO)(XOF) History Graph, CFA Franc (BCEAO)(XOF) To Nigerian Naira(NGN). We have talked little about the CFA which I would mostly specify it as the Benin Republic currency. _g1.classList.remove('lazyload'); This makes no movement for CFA Franc BCEAO rate against Naira this week.. Yeah… I would be flogging a dead horse talking about this but I have to. Required fields are marked *. Your email address will not be published. TransferWise uses the real exchange rate; making them up to 8x cheaper than your bank. Here you will find the CFA to Naira Black Market Rate, CFA to Naira Official Exchange Rate, Bank Rate, and CBN rate. Your email address will not be published. The worst day to change Nigerian nairas in West African CFA francs was the Sunday, 30 August 2020. This Nigerian Naira and Central African CFA convertor is up to date with exchange rates from October 17, 2020.. Prices might differ from those given by financial institutions as banks (Central Bank of Nigeria, Central Bank of West African ), brokers or money transfer companies. Two different currencies are called the CFA franc. The French officials presented this decision as an act of generosity. But in practice, the permanent parity of both CFA franc is widely assumed. Below are some of the reasons for the falling price of Naira against the CFA. René Pleven, the then French minister of finance, said: “In a show of her generosity, metropolitan France, wishing not to impose on her far-away daughters the consequences of her poverty, is setting different exchange rates for their currency”. Do you know that since Independence in those countries using the CFA, the CFA adopted a new meaning Communauté Financière Africaine (African Financial community) but also know that the terms can have two meanings.. We Nigerians now chose to patronize these used products and in a bid to do so we exchange our Naira with their CFA giving it more value at the expense of ours. West African CFA Franc to Naira Black Market sell rates are used in calculating the West African CFA Franc to Naira conversion table.