The West African CFA Franc (XOF) is the currency used by eight countries in West Africa, including Senegal and Ivory Coast. It is pegged to the Euro, which helps stabilize its value against major currencies like the US Dollar (USD). The exchange rate between the CFA Franc and the US Dollar fluctuates based on economic conditions and market demand. As of October 2023, 1 USD is approximately equivalent to 600 XOF, but this rate can change. Understanding this exchange rate is important for trade and travel between West Africa and the United States.