The Central African Franc (XAF) is the currency used by several countries in Central Africa, including Cameroon, Central African Republic, Chad, Republic of the Congo, Gabon, and Equatorial Guinea. It is pegged to the Euro, which helps stabilize its value against major currencies like the US Dollar (USD). The exchange rate between the Central African Franc and the US Dollar fluctuates based on economic conditions, trade balances, and monetary policies. As of October 2023, 1 USD is approximately equivalent to several hundred XAF, reflecting the economic differences between the United States and the Central African region.