Currency exchange rate CFA Franc BCEAO against the SONM. 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 SONM currency:
currency exchange rate history, background information, prediction and more about XOF/SNM

Chart of History of changes in the XOF/SNM exchange rate

XOF/SNM exchange rate on today

05 29, 2024
1 XOF = 3.066983 SNM
▼ -1.74 %

This page provides information about the currency pair CFA Franc BCEAO/SONM, and more precisely about how much 1 CFA Franc BCEAO costs in SONM.

Data on the currency pair XOF/SNM 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/SNM 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/SONM, 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:

  1. 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.

  2. 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.

  3. 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.

  4. 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/SNM exchange rate over the past 30 days

For the last 30 days (04 30, 2024 — 05 29, 2024) the CFA Franc BCEAO exchange rate against the SONM currency changed by 583.22% (0.44890199 SNM — 3.066983 SNM)

Change in the XOF/SNM exchange rate over the past 90 days

For the last 90 days (03 01, 2024 — 05 29, 2024) the CFA Franc BCEAO exchange rate against the SONM currency changed by 240.71% (0.90017865 SNM — 3.066983 SNM)

Change in the XOF/SNM exchange rate over the past 365 days

For the last 365 days (05 31, 2023 — 05 29, 2024) the CFA Franc BCEAO exchange rate against the SONM currency changed by 78148.35% (0.00391955 SNM — 3.066983 SNM)

Change in the XOF/SNM exchange rate for all time

For all the time our site has been running (04 10, 2020 — 05 29, 2024) the CFA Franc BCEAO exchange rate against the SONM currency changed by 1194.41% (0.23694132 SNM — 3.066983 SNM)

CFA Franc BCEAO/SONM price prediction

CFA Franc BCEAO/SONM price prediction for the next 30 days*

31/05 7.218765 SNM ▲ 135.37 %
01/06 9.147602 SNM ▲ 26.72 %
02/06 5.334111 SNM ▼ -41.69 %
03/06 5.341685 SNM ▲ 0.14 %
04/06 5.374055 SNM ▲ 0.61 %
05/06 5.076806 SNM ▼ -5.53 %
06/06 4.124402 SNM ▼ -18.76 %
07/06 5.365464 SNM ▲ 30.09 %
08/06 5.388799 SNM ▲ 0.43 %
09/06 5.579887 SNM ▲ 3.55 %
10/06 9.385209 SNM ▲ 68.2 %
11/06 7.88338 SNM ▼ -16 %
12/06 7.550613 SNM ▼ -4.22 %
13/06 8.684957 SNM ▲ 15.02 %
14/06 7.820536 SNM ▼ -9.95 %
15/06 6.46402 SNM ▼ -17.35 %
16/06 5.801121 SNM ▼ -10.26 %
17/06 8.15395 SNM ▲ 40.56 %
18/06 7.562934 SNM ▼ -7.25 %
19/06 5.299008 SNM ▼ -29.93 %
20/06 5.208752 SNM ▼ -1.7 %
21/06 9.860945 SNM ▲ 89.31 %
22/06 11.7142 SNM ▲ 18.79 %
23/06 11.9512 SNM ▲ 2.02 %
24/06 10.0171 SNM ▼ -16.18 %
25/06 9.149289 SNM ▼ -8.66 %
26/06 8.144093 SNM ▼ -10.99 %
27/06 8.102333 SNM ▼ -0.51 %
28/06 23.2556 SNM ▲ 187.02 %
29/06 47.1623 SNM ▲ 102.8 %

* — Price prediction of the CFA Franc BCEAO/SONM 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/SONM price prediction for the next 3 months*

03/06 — 09/06 2.635043 SNM ▼ -14.08 %
10/06 — 16/06 2.300579 SNM ▼ -12.69 %
17/06 — 23/06 3.325248 SNM ▲ 44.54 %
24/06 — 30/06 3.453675 SNM ▲ 3.86 %
01/07 — 07/07 3.120927 SNM ▼ -9.63 %
08/07 — 14/07 2.112661 SNM ▼ -32.31 %
15/07 — 21/07 2.139588 SNM ▲ 1.27 %
22/07 — 28/07 2.40213 SNM ▲ 12.27 %
29/07 — 04/08 4.529956 SNM ▲ 88.58 %
05/08 — 11/08 2.86815 SNM ▼ -36.68 %
12/08 — 18/08 3.259738 SNM ▲ 13.65 %
19/08 — 25/08 13.017 SNM ▲ 299.33 %

CFA Franc BCEAO/SONM price prediction for the next year*

06/2024 3.188192 SNM ▲ 3.95 %
07/2024 5.048063 SNM ▲ 58.34 %
08/2024 4.644316 SNM ▼ -8 %
09/2024 6.628114 SNM ▲ 42.71 %
10/2024 147.01 SNM ▲ 2118.02 %
11/2024 1,350 SNM ▲ 818.01 %
12/2024 1,273 SNM ▼ -5.69 %
01/2025 865.11 SNM ▼ -32.03 %
02/2025 809.69 SNM ▼ -6.41 %
03/2025 838.56 SNM ▲ 3.57 %
04/2025 1,325 SNM ▲ 58.04 %
05/2025 3,386 SNM ▲ 155.52 %

CFA Franc BCEAO/SONM exchange rate statistics

For 30 days
Minimum 0.59478828 SNM
Maximum 1.641065 SNM
Weighted Average 1.031783 SNM
For 90 days
Minimum 0.50374046 SNM
Maximum 1.641065 SNM
Weighted Average 0.81275677 SNM
For 365 days
Minimum 0.00378844 SNM
Maximum 1.641065 SNM
Weighted Average 0.48221989 SNM

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Our expert

All forecasts on our website are made by our professional financial experts. Here are just a few of them:

Anthony Carter Anthony Carter CEO, lead analyst
David Bailey David Bailey Managing Director, Director of research Department
Anthony Glenn Anthony Glenn Deputy head of analytical Department
Joseph Hensley Joseph Hensley Senior analyst, markets and equities Department