Currency exchange rate Nakfa against the CFA Franc BCEAO. Chart, history price and prediction on tomorrow, next month, 2024 year
On this page, you can always find detailed information about the Nakfa currency exchange rate against the CFA Franc BCEAO currency:
currency exchange rate history, background information, prediction and more about ERN/XOF
Chart of History of changes in the ERN/XOF exchange rate
ERN/XOF exchange rate on today
05 16, 2024
1 ERN = 2,966 XOF
▲ 5.96 %
This page provides information about the currency pair Nakfa/CFA Franc BCEAO, and more precisely about how much 1 Nakfa costs in CFA Franc BCEAO.
Data on the currency pair ERN/XOF are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair ERN/XOF and make a balanced decision about buying and selling the currency you are interested in.
The page also provides information about the dynamics of the exchange rate of Nakfa/CFA Franc BCEAO, statistics and prediction of the exchange rate of these currencies in the near future from our experts.
How to make a forecast for currencies and cryptocurrencies?
There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:
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Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.
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Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.
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Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.
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Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.
In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.
Change in the ERN/XOF exchange rate over the past 30 days
For the last 30 days (04 17, 2024 — 05 16, 2024) the Nakfa exchange rate against the CFA Franc BCEAO currency changed by -4.96% (3,121 XOF — 2,966 XOF)
Change in the ERN/XOF exchange rate over the past 90 days
For the last 90 days (02 17, 2024 — 05 16, 2024) the Nakfa exchange rate against the CFA Franc BCEAO currency changed by 82.14% (1,628 XOF — 2,966 XOF)
Change in the ERN/XOF exchange rate over the past 365 days
For the last 365 days (05 18, 2023 — 05 16, 2024) the Nakfa exchange rate against the CFA Franc BCEAO currency changed by 133.89% (1,268 XOF — 2,966 XOF)
Change in the ERN/XOF exchange rate for all time
For all the time our site has been running (04 10, 2020 — 05 16, 2024) the Nakfa exchange rate against the CFA Franc BCEAO currency changed by 6859.13% (42.62 XOF — 2,966 XOF)
Nakfa/CFA Franc BCEAO price prediction
Nakfa/CFA Franc BCEAO price prediction for the next 30 days*
18/05 | 2,947 XOF | ▼ -0.63 % |
19/05 | 2,840 XOF | ▼ -3.62 % |
20/05 | 2,881 XOF | ▲ 1.42 % |
21/05 | 3,013 XOF | ▲ 4.6 % |
22/05 | 3,204 XOF | ▲ 6.33 % |
23/05 | 3,452 XOF | ▲ 7.75 % |
24/05 | 3,326 XOF | ▼ -3.66 % |
25/05 | 3,165 XOF | ▼ -4.85 % |
26/05 | 3,129 XOF | ▼ -1.14 % |
27/05 | 3,142 XOF | ▲ 0.44 % |
28/05 | 2,995 XOF | ▼ -4.7 % |
29/05 | 2,812 XOF | ▼ -6.1 % |
30/05 | 2,664 XOF | ▼ -5.24 % |
31/05 | 2,513 XOF | ▼ -5.7 % |
01/06 | 2,373 XOF | ▼ -5.56 % |
02/06 | 2,478 XOF | ▲ 4.41 % |
03/06 | 2,652 XOF | ▲ 7.03 % |
04/06 | 2,686 XOF | ▲ 1.28 % |
05/06 | 2,894 XOF | ▲ 7.75 % |
06/06 | 3,010 XOF | ▲ 4.03 % |
07/06 | 3,456 XOF | ▲ 14.8 % |
08/06 | 3,417 XOF | ▼ -1.13 % |
09/06 | 3,235 XOF | ▼ -5.31 % |
10/06 | 3,234 XOF | ▼ -0.03 % |
11/06 | 3,105 XOF | ▼ -3.99 % |
12/06 | 3,064 XOF | ▼ -1.34 % |
13/06 | 2,926 XOF | ▼ -4.49 % |
14/06 | 2,684 XOF | ▼ -8.29 % |
15/06 | 2,619 XOF | ▼ -2.43 % |
16/06 | 3,535 XOF | ▲ 35 % |
* — Price prediction of the Nakfa/CFA Franc BCEAO currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.
Nakfa/CFA Franc BCEAO price prediction for the next 3 months*
20/05 — 26/05 | 3,156 XOF | ▲ 6.42 % |
27/05 — 02/06 | 4,274 XOF | ▲ 35.4 % |
03/06 — 09/06 | 5,519 XOF | ▲ 29.14 % |
10/06 — 16/06 | 5,628 XOF | ▲ 1.98 % |
17/06 — 23/06 | 4,880 XOF | ▼ -13.29 % |
24/06 — 30/06 | 5,385 XOF | ▲ 10.35 % |
01/07 — 07/07 | 3,995 XOF | ▼ -25.81 % |
08/07 — 14/07 | 4,397 XOF | ▲ 10.05 % |
15/07 — 21/07 | 3,268 XOF | ▼ -25.68 % |
22/07 — 28/07 | 3,560 XOF | ▲ 8.93 % |
29/07 — 04/08 | 3,553 XOF | ▼ -0.19 % |
05/08 — 11/08 | 4,322 XOF | ▲ 21.64 % |
Nakfa/CFA Franc BCEAO price prediction for the next year*
06/2024 | 3,043 XOF | ▲ 2.6 % |
07/2024 | 3,555 XOF | ▲ 16.81 % |
08/2024 | 2,793 XOF | ▼ -21.44 % |
09/2024 | 3,186 XOF | ▲ 14.08 % |
10/2024 | 3,218 XOF | ▲ 1.01 % |
11/2024 | 3,510 XOF | ▲ 9.08 % |
12/2024 | 4,115 XOF | ▲ 17.24 % |
01/2025 | 3,587 XOF | ▼ -12.83 % |
02/2025 | 5,389 XOF | ▲ 50.22 % |
03/2025 | 14,734 XOF | ▲ 173.41 % |
04/2025 | 9,197 XOF | ▼ -37.58 % |
05/2025 | 13,268 XOF | ▲ 44.27 % |
Nakfa/CFA Franc BCEAO exchange rate statistics
For 30 days | |
---|---|
Minimum | 43.66 XOF |
Maximum | 3,875 XOF |
Weighted Average | 2,271 XOF |
For 90 days | |
Minimum | 43.66 XOF |
Maximum | 5,201 XOF |
Weighted Average | 2,449 XOF |
For 365 days | |
Minimum | 43.37 XOF |
Maximum | 5,201 XOF |
Weighted Average | 1,255 XOF |
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