Converting from CFA Franc - BEAC (XAF) to Mauritania Ougulya (MRO)

What is CFA Franc - BEAC (XAF)

The CFA Franc - BEAC (XAF) is the currency used in several Central African countries, including Cameroon, Central African Republic, and Gabon. The "BEAC" stands for Banque des États de l'Afrique Centrale, which translates to Bank of Central African States. This currency is pegged to the euro at a stable exchange rate of 1 euro to 655.957 CFA Francs.

The CFA Franc has a long history, first introduced in 1945. It is subdivided into 100 centimes, though the centime denominations are rarely used today. The XAF is known for its stability compared to many currencies in the region, making it a trusted choice for both residents and businesses. This currency is essential for trade, salaries, and everyday transactions in countries that are part of the Central African Economic and Monetary Community (CEMAC).

What is Mauritania Ougulya (MRO)

The Mauritania Ougulya (MRO) is the official currency of Mauritania, a country in Northwest Africa. The Ougulya was introduced in 1973 to replace the Mauritanian ouguiya (also called the ouguiya), and it has undergone several changes since its inception. The currency is abbreviated as "MRO" and is subdivided into 5 khoums, although the khoum is no longer in circulation.

In 2018, Mauritania introduced a new currency, the Ougulya, replacing the old one at a rate of 1 new Ougulya (MRU) for 10 old Ougulyas (MRO). The Ougulya is not pegged to any major currencies, which creates fluctuations in its value. This can make currency conversion somewhat challenging, especially for international businesses and travelers.

Converting XAF to MRO

When converting from CFA Franc - BEAC (XAF) to Mauritania Ougulya (MRO), it’s essential to know the current exchange rate. The exchange rates can vary due to market conditions, so checking a reliable source or financial institution for real-time rates is advisable.

To make a successful conversion, you can use the formula:

MRO = XAF × current exchange rate

For instance, if the exchange rate is 1 XAF = 0.013 MRO, and you have 1,000 XAF, your calculation would look like this:

MRO = 1000 × 0.013 = 13 MRO

Keep in mind that exchange services might charge a small fee, which could alter the final amount you receive. By understanding these currencies and how to convert between them, you can better manage your financial dealings in Central Africa and Mauritania.