Living glossary
BEAC
The Bank of Central African States (BEAC) is the central bank of the six CEMAC countries. It issues the Central African CFA franc (XAF) and guarantees its fixed peg to the euro.
Updated
Headquartered in Yaoundé, BEAC runs monetary policy for the Economic and Monetary Community of Central Africa. For the diaspora, its most concrete role is the reference rate: 655.957 XAF per 1 EUR — a fixed peg, not a floating market rate.
Money-transfer operators do not always apply this rate. The gap between the BEAC peg and the rate they quote is often an exchange spread — a hidden cost of sending money. Knowing BEAC gives you a reliable benchmark to compare offers.
AWAKEN DESTINY publishes a free converter based on this official peg — useful before a family transfer, a project budget, or a donation to Cameroon.
Go further
EUR/XAF converter
Official BEAC peg, bidirectional conversion and table — no ads.
See also
- CEMACThe Economic and Monetary Community of Central Africa (CEMAC) unites Cameroon, the Central African Republic, Congo, Gabon, Equatorial Guinea and Chad around a shared currency: the Central African CFA franc (XAF).
- CFA franc (XAF)The Central African CFA franc, ISO code XAF, is the official currency of the six CEMAC countries, including Cameroon. It is linked to the euro by a fixed peg guaranteed by BEAC.
- Fixed EUR/XAF pegThe fixed EUR/XAF peg is the official rate guaranteed by BEAC: 655.957 Central African CFA francs per 1 euro. It does not move day to day like a floating currency.
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