Living glossary
Fixed EUR/XAF peg
The 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.
Updated
It is a monetary anchor, not a “market rate” negotiated by the second. Yet almost every transfer operator quotes a different — usually less favourable — rate to take a spread on conversion.
Example: converting at 640 XAF per euro instead of 655.957 means nearly 2.5% of the amount disappears before the advertised fee. That is why you should compare the final amount received in XAF, not only “€0 fees”.
The BEAC peg is a neutral benchmark: before a remittance, a donation or a project budget in Cameroon, it lets you measure the real gap between what you pay and what arrives.
Go further
EUR/XAF converter
Check the official peg and what your amount really represents.
See also
- BEACThe 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.
- Hidden fees / exchange spreadThe main hidden cost of a transfer is the exchange spread: the gap between the official EUR/XAF peg (655.957) and the less favourable rate the operator applies — often dearer than the advertised “€0 fee”.
- 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.
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