Currency exchange rate CFA Franc BCEAO against the Melon. Chart, history price and prediction on tomorrow, next month, 2024 year
On this page, you can always find detailed information about the CFA Franc BCEAO currency exchange rate against the Melon currency:
currency exchange rate history, background information, prediction and more about XOF/MLN
Chart of History of changes in the XOF/MLN exchange rate
XOF/MLN exchange rate on today
05 16, 2024
1 XOF = 0.00006984 MLN
▼ -3.19 %
This page provides information about the currency pair CFA Franc BCEAO/Melon, and more precisely about how much 1 CFA Franc BCEAO costs in Melon.
Data on the currency pair XOF/MLN 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 XOF/MLN 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 CFA Franc BCEAO/Melon, 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 XOF/MLN exchange rate over the past 30 days
For the last 30 days (04 17, 2024 — 05 16, 2024) the CFA Franc BCEAO exchange rate against the Melon currency changed by -1.79% (0.00007111 MLN — 0.00006984 MLN)
Change in the XOF/MLN exchange rate over the past 90 days
For the last 90 days (02 17, 2024 — 05 16, 2024) the CFA Franc BCEAO exchange rate against the Melon currency changed by -15.88% (0.00008302 MLN — 0.00006984 MLN)
Change in the XOF/MLN exchange rate over the past 365 days
For the last 365 days (05 18, 2023 — 05 16, 2024) the CFA Franc BCEAO exchange rate against the Melon currency changed by -14.36% (0.00008155 MLN — 0.00006984 MLN)
Change in the XOF/MLN exchange rate for all time
For all the time our site has been running (04 10, 2020 — 05 16, 2024) the CFA Franc BCEAO exchange rate against the Melon currency changed by -87.33% (0.0005514 MLN — 0.00006984 MLN)
CFA Franc BCEAO/Melon price prediction
CFA Franc BCEAO/Melon price prediction for the next 30 days*
17/05 | 0.00007125 MLN | ▲ 2.02 % |
18/05 | 0.00007181 MLN | ▲ 0.78 % |
19/05 | 0.0000681 MLN | ▼ -5.17 % |
20/05 | 0.00006464 MLN | ▼ -5.07 % |
21/05 | 0.00006174 MLN | ▼ -4.49 % |
22/05 | 0.00006135 MLN | ▼ -0.63 % |
23/05 | 0.00006322 MLN | ▲ 3.05 % |
24/05 | 0.00006525 MLN | ▲ 3.22 % |
25/05 | 0.00006644 MLN | ▲ 1.81 % |
26/05 | 0.00006724 MLN | ▲ 1.21 % |
27/05 | 0.00006913 MLN | ▲ 2.81 % |
28/05 | 0.00006843 MLN | ▼ -1.01 % |
29/05 | 0.00006895 MLN | ▲ 0.77 % |
30/05 | 0.00007104 MLN | ▲ 3.03 % |
31/05 | 0.00007178 MLN | ▲ 1.04 % |
01/06 | 0.00006937 MLN | ▼ -3.36 % |
02/06 | 0.00006612 MLN | ▼ -4.68 % |
03/06 | 0.00006429 MLN | ▼ -2.77 % |
04/06 | 0.00006372 MLN | ▼ -0.89 % |
05/06 | 0.00006251 MLN | ▼ -1.91 % |
06/06 | 0.00006274 MLN | ▲ 0.37 % |
07/06 | 0.00006511 MLN | ▲ 3.78 % |
08/06 | 0.0000658 MLN | ▲ 1.07 % |
09/06 | 0.00006531 MLN | ▼ -0.76 % |
10/06 | 0.00006638 MLN | ▲ 1.65 % |
11/06 | 0.00006863 MLN | ▲ 3.38 % |
12/06 | 0.00007031 MLN | ▲ 2.46 % |
13/06 | 0.00007141 MLN | ▲ 1.56 % |
14/06 | 0.00007078 MLN | ▼ -0.87 % |
15/06 | 0.00006895 MLN | ▼ -2.58 % |
* — Price prediction of the CFA Franc BCEAO/Melon 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.
CFA Franc BCEAO/Melon price prediction for the next 3 months*
20/05 — 26/05 | 0.00006829 MLN | ▼ -2.22 % |
27/05 — 02/06 | 0.00006321 MLN | ▼ -7.44 % |
03/06 — 09/06 | 0.00006853 MLN | ▲ 8.41 % |
10/06 — 16/06 | 0.00005499 MLN | ▼ -19.76 % |
17/06 — 23/06 | 0.00005402 MLN | ▼ -1.76 % |
24/06 — 30/06 | 0.00005559 MLN | ▲ 2.91 % |
01/07 — 07/07 | 0.00006814 MLN | ▲ 22.57 % |
08/07 — 14/07 | 0.0000615 MLN | ▼ -9.75 % |
15/07 — 21/07 | 0.00007164 MLN | ▲ 16.48 % |
22/07 — 28/07 | 0.00006425 MLN | ▼ -10.31 % |
29/07 — 04/08 | 0.00007477 MLN | ▲ 16.37 % |
05/08 — 11/08 | 0.00007306 MLN | ▼ -2.28 % |
CFA Franc BCEAO/Melon price prediction for the next year*
06/2024 | 0.00006976 MLN | ▼ -0.12 % |
07/2024 | 0.00006264 MLN | ▼ -10.2 % |
08/2024 | 0.0000778 MLN | ▲ 24.2 % |
09/2024 | 0.00007448 MLN | ▼ -4.26 % |
10/2024 | 0.00007184 MLN | ▼ -3.56 % |
11/2024 | 0.00007742 MLN | ▲ 7.77 % |
12/2024 | 0.00006058 MLN | ▼ -21.74 % |
01/2025 | 0.00007889 MLN | ▲ 30.21 % |
02/2025 | 0.0000634 MLN | ▼ -19.64 % |
03/2025 | 0.00004522 MLN | ▼ -28.67 % |
04/2025 | 0.00005981 MLN | ▲ 32.25 % |
05/2025 | 0.00005656 MLN | ▼ -5.43 % |
CFA Franc BCEAO/Melon exchange rate statistics
For 30 days | |
---|---|
Minimum | 0.00006478 MLN |
Maximum | 0.00007425 MLN |
Weighted Average | 0.00007029 MLN |
For 90 days | |
Minimum | 0.00005726 MLN |
Maximum | 0.00008297 MLN |
Weighted Average | 0.00006837 MLN |
For 365 days | |
Minimum | 0.00005726 MLN |
Maximum | 0.00011435 MLN |
Weighted Average | 0.00008569 MLN |
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