Today, 1.00 (one) CFA Franc is worth 0.01 Hong Kong Dollar, ie, FCFA1.00 = $0.01. That's because the current exchange rate, to HKD, is 0.01. So, to make CFA Franc to Hong Kong Dollar conversion, you just need to multiply the amount in XAF by 0.01.
Learn how to get the best CFA Franc exchange rate before exchanging your money
The CFA Franc is the official CFA Franc currency. XAF/HKD represents the value of CFA Franc money in Hong Kong Dollar money and it is called the 'exchange rate' or 'forex rate'. This exchange rate from CFA Franc to Hong Kong Dollar is today at 0.013.
As an example, suppose you are from Hong Kong Hong Kong and you travel to Bangui Central African Republic. There, you need to get 1000 CFA Francs ( FCFA) at a Bangui bank to pay your hotel. In this case you would pay 0.013 * 1000 = 12.749 Hong Kong Dollars ($). But, in practice, you will pay more (or perhaps much more) to get the same amount of your foreign currency due to the margin for the money conversion services costs like: commissions, credit card surcharges, ATM fees and other expenses. If, for example, you are using a credit card, this margin will typically be around 2 to 3 percent. We recommend that you choose the best place to make your money exchange because there can be a large difference between forex rates you will get.
In the example above for a 1000 CFA Francs amount, the result of the money conversion is 13.004 HKD for a 2% margin or 13.131 HKD for a 3% margin.
Some Internet based foreign currency exchange agencies add 10 percent or even more. So, if you make the same calculations above, there will be a difference of about 1.275 HKD depending on which forex bank or agency you choose to exchange your money. So, that's why we advise you to seek the best place to get the best fx rates for your upcoming money transfer/exchange. The only way to know what is the best exchange rate is to know what the current rate is. You can easily accomplish this by using periodically our currency converter above to get an idea of what forex rate to expect.
Note: If you use our currency converter, you only need to choose the amount of margin in its drop-down list and have an estimate of how much you will pay to get the desired amount.
By the way: there are some notations for this currency pair like XAF-HKD or XAFHKD among others. The currency symbol for CFA Franc is (FCFA) while the currency symbol for Hong Kong Dollar is ($). Note also that the Central African Republic country code is CAF or CF. The Hong Kong country code is HKG or HK
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