XAF to PKR Currency Converter - 1 CFA BEAC Francs To Pakistan Rupee

XAF To PKR

The exchange rate of XAF to PKR is around 0 Rupees. XAF stands for Central African CFA Franc. PKR stands for Pakistani Rupees. The exchange rate keeps on fluctuating depending on the state of the economy. The relationship between these two currencies will be discussed below, along with the effects of the fluctuation rate.

XAF:

The Central African CFA Franc (XAF) is the currency of six African countries, including Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, and Gabon. The code for the currency is XAF, and the symbol is CFA.

CFA stands for African Financial Community. This currency is circulated in banknotes of denominations of 500, 1000, 2000, 5000, and 10,000.

The six countries have a total population of 55.2 million people and a total GDP of 113.322 billion US Dollars.

The currency is very weak as compared to other currencies. It is mainly because the economy of Central Africa is very unstable and least developed. The United States Dollar is a stronger currency compared to XAF due to the more stable economy of the US. The current exchange rate of the US dollar to XAF is around . It means that one US dollar is equal to almost XAF.

The currency of the United Arab Emirates, which is Dirham, is much stronger than XAF. The exchange rate of Dirhams to XAF is around . It means that one Dirham is almost equal to XAF.

Similarly, the currency of European countries is the Euro, which is even stronger than the US dollar. The exchange rate of Euro to XAF is around . Having a pegged currency, like the XAF to the Euro, has its pros and cons. One of the biggest pros of having a pegged currency is that it helps in maintaining currency stability and reducing the risk of a currency crisis. However, to maintain the pegged exchange rate, the CFA must maintain the required reserves in their Central Bank in XAF.

PKR:

The currency of Pakistan is PKR. It is known as Pakistani Rupee. The Pakistani Rupees are circulated in banknote denominations of 10, 20, 50, 100, 500, 1,000, and 5,000 Rupees.

The value of Pakistani Rupees is very weak due to a poor economy. The currency has significantly suffered due to years of financial instability, corruption, and a massive current account deficit. Weak governing institutions also failed to implement appropriate monetary policies that led to an erosion of the currency. The inflation rate in Pakistan has increased over the years by 8%, which has negatively affected the GDP rate.

XAF and PKR:

PKR is a stronger currency as compared to XAF with an exchange rate of around 0 XAF in return of 1 PKR. The rate keeps on fluctuating daily due to economic fluctuations and unstable conditions. As XAF is a weaker currency than PKR, the salary value would be varying as well. If someone is earning 50,000 Rupees in Pakistan, it means then the value in XAF would be 0. The value of a salary in PKR would be low, but in XAF, it would be of greater value. It is because of the difference in the rate and value of money.