Today's USD to XOF Price Update

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Summary

This report provides the real-time exchange rate between the U.S. Dollar (USD) and the West African CFA franc (XOF), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the West African CFA franc (XOF) is the official currency of the West African Economic and Monetary Union (WAEMU). The exchange rate between them reflects market conditions in West African economies and investor confidence in currency stability.

Today’s Price

  • 1 USD = 557.24 XOF
  • 24h High: 557.44 XOF
  • 24h Low: 556.77 XOF

Market Analysis

The USD/XOF exchange rate has shown minimal volatility over the past 24 hours, with the pair trading within a narrow range of approximately 0.67 XOF.

  • Technical levels: Key support at 556.77 XOF, resistance at 557.44 XOF
  • Trading opportunities: Monitor for potential breakouts beyond the established 24-hour range for directional clarity

Conclusion

Continue to monitor the USD/XOF pair closely for any shifts in regional economic conditions or currency market dynamics that may influence trading strategies.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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