Currency exchange rate CFA Franc BCEAO against the Rakon. 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 Rakon currency:
currency exchange rate history, background information, prediction and more about XOF/RKN
Chart of History of changes in the XOF/RKN exchange rate
XOF/RKN exchange rate on today
05 07, 2024
1 XOF = 0.02318067 RKN
▲ 0.26 %
This page provides information about the currency pair CFA Franc BCEAO/Rakon, and more precisely about how much 1 CFA Franc BCEAO costs in Rakon.
Data on the currency pair XOF/RKN 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/RKN 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/Rakon, 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/RKN exchange rate over the past 30 days
For the last 30 days (04 08, 2024 — 05 07, 2024) the CFA Franc BCEAO exchange rate against the Rakon currency changed by 83.43% (0.01263711 RKN — 0.02318067 RKN)
Change in the XOF/RKN exchange rate over the past 90 days
For the last 90 days (02 08, 2024 — 05 07, 2024) the CFA Franc BCEAO exchange rate against the Rakon currency changed by 66.38% (0.01393227 RKN — 0.02318067 RKN)
Change in the XOF/RKN exchange rate over the past 365 days
For the last 365 days (05 09, 2023 — 05 07, 2024) the CFA Franc BCEAO exchange rate against the Rakon currency changed by 188.18% (0.00804384 RKN — 0.02318067 RKN)
Change in the XOF/RKN exchange rate for all time
For all the time our site has been running (04 10, 2020 — 05 07, 2024) the CFA Franc BCEAO exchange rate against the Rakon currency changed by 4.42% (0.0221996 RKN — 0.02318067 RKN)
CFA Franc BCEAO/Rakon price prediction
CFA Franc BCEAO/Rakon price prediction for the next 30 days*
08/05 | 0.02331253 RKN | ▲ 0.57 % |
09/05 | 0.02433482 RKN | ▲ 4.39 % |
10/05 | 0.02525209 RKN | ▲ 3.77 % |
11/05 | 0.02365469 RKN | ▼ -6.33 % |
12/05 | 0.02484726 RKN | ▲ 5.04 % |
13/05 | 0.02614847 RKN | ▲ 5.24 % |
14/05 | 0.03129573 RKN | ▲ 19.68 % |
15/05 | 0.03392669 RKN | ▲ 8.41 % |
16/05 | 0.03652948 RKN | ▲ 7.67 % |
17/05 | 0.02963285 RKN | ▼ -18.88 % |
18/05 | 0.02580207 RKN | ▼ -12.93 % |
19/05 | 0.02516226 RKN | ▼ -2.48 % |
20/05 | 0.02688142 RKN | ▲ 6.83 % |
21/05 | 0.03449213 RKN | ▲ 28.31 % |
22/05 | 0.03731067 RKN | ▲ 8.17 % |
23/05 | 0.03697668 RKN | ▼ -0.9 % |
24/05 | 0.03741265 RKN | ▲ 1.18 % |
25/05 | 0.03227056 RKN | ▼ -13.74 % |
26/05 | 0.03003637 RKN | ▼ -6.92 % |
27/05 | 0.03276111 RKN | ▲ 9.07 % |
28/05 | 0.03412958 RKN | ▲ 4.18 % |
29/05 | 0.03496051 RKN | ▲ 2.43 % |
30/05 | 0.03682663 RKN | ▲ 5.34 % |
31/05 | 0.03776544 RKN | ▲ 2.55 % |
01/06 | 0.03766843 RKN | ▼ -0.26 % |
02/06 | 0.03685442 RKN | ▼ -2.16 % |
03/06 | 0.04245833 RKN | ▲ 15.21 % |
04/06 | 0.03290359 RKN | ▼ -22.5 % |
05/06 | 0.03617004 RKN | ▲ 9.93 % |
06/06 | 0.03624053 RKN | ▲ 0.19 % |
* — Price prediction of the CFA Franc BCEAO/Rakon 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/Rakon price prediction for the next 3 months*
13/05 — 19/05 | 0.02131553 RKN | ▼ -8.05 % |
20/05 — 26/05 | 0.02812681 RKN | ▲ 31.95 % |
27/05 — 02/06 | 0.02516118 RKN | ▼ -10.54 % |
03/06 — 09/06 | 0.02987756 RKN | ▲ 18.74 % |
10/06 — 16/06 | 0.0097542 RKN | ▼ -67.35 % |
17/06 — 23/06 | 0.01514311 RKN | ▲ 55.25 % |
24/06 — 30/06 | 0.01727001 RKN | ▲ 14.05 % |
01/07 — 07/07 | 0.02970094 RKN | ▲ 71.98 % |
08/07 — 14/07 | 0.03068782 RKN | ▲ 3.32 % |
15/07 — 21/07 | 0.03089464 RKN | ▲ 0.67 % |
22/07 — 28/07 | 0.0333474 RKN | ▲ 7.94 % |
29/07 — 04/08 | 0.03340995 RKN | ▲ 0.19 % |
CFA Franc BCEAO/Rakon price prediction for the next year*
06/2024 | 0.02278887 RKN | ▼ -1.69 % |
07/2024 | 0.02415153 RKN | ▲ 5.98 % |
08/2024 | 0.02945271 RKN | ▲ 21.95 % |
09/2024 | 0.03098619 RKN | ▲ 5.21 % |
10/2024 | 0.03065577 RKN | ▼ -1.07 % |
11/2024 | 0.03249902 RKN | ▲ 6.01 % |
12/2024 | 0.03404358 RKN | ▲ 4.75 % |
01/2025 | 0.03917783 RKN | ▲ 15.08 % |
02/2025 | 0.04179074 RKN | ▲ 6.67 % |
03/2025 | 0.03744909 RKN | ▼ -10.39 % |
04/2025 | 0.07267533 RKN | ▲ 94.06 % |
05/2025 | 0.07409888 RKN | ▲ 1.96 % |
CFA Franc BCEAO/Rakon exchange rate statistics
For 30 days | |
---|---|
Minimum | 0.01437318 RKN |
Maximum | 0.02308302 RKN |
Weighted Average | 0.01934629 RKN |
For 90 days | |
Minimum | 0.00734984 RKN |
Maximum | 0.02308302 RKN |
Weighted Average | 0.0147707 RKN |
For 365 days | |
Minimum | 0.00734984 RKN |
Maximum | 0.02308302 RKN |
Weighted Average | 0.01105452 RKN |
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