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Easily convert XOF to MAD with ConvertOnline's efficient tool.
The CFA Franc BCEAO (XOF) is the currency used by eight West African countries that are part of the West African Economic and Monetary Union (WAEMU). It is issued by the Central Bank of West African States (BCEAO) and is pegged to the Euro, ensuring stability in exchange rates and promoting economic cooperation among member states.
The Moroccan Dirham (MAD) is the official currency of Morocco, serving as a medium of exchange for goods and services within the country. It is subdivided into 100 centimes, and its symbol is often represented as د.م. or MAD. The currency is regulated by Bank Al-Maghrib, the central bank of Morocco, which helps maintain its stability and manage inflation.