Where to exchange money in Ouagadougou
Are you heading to Ouagadougou? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Ouagadougou that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Where to exchange money in Ouagadougou
Are you heading to Ouagadougou? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Ouagadougou that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
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Currency exchanges in Ouagadougou
Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in Ouagadougou.
A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.
| Money Changer | Address | Contact Information |
|---|---|---|
| FASO CHANGE | 01 BP 5686 Ouaga 01, Koulouba, Ouagadougou, Burkina Faso | +226 01 01 08 98 |
| Extrême Exchange | Dagnoen, Ouagadougou, Burkina Faso | +226 65 57 60 08 |
| Ali Services et Exchange Burkina | 9F8Q+MQ9, Avenue Maurice Yameogo, Koulouba, Ouagadougou, Burkina Faso | +226 25 33 39 95 |
| TEAM GROUP INTERNATIONAL | 8FC3+PMJ, 72773637, Ouagadougou, Burkina Faso | +226 72 77 36 37 |
| UNIVERSAL CHANGE | 9F49+94V, Ave Ouezzin Coulibaly, Ouagadougou, Burkina Faso |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
CFA franc BCEAO rate today
First off, in case you’re wondering something along the lines of “does Burkina Faso use CFA franc BCEAO?”, the answer is yes. The currency in Ouagadougou — and the rest of Burkina Faso— is CFA franc BCEAO
You can also find it written as XOF in currency exchange shops.
What you should know about exchanging money in Ouagadougou
When exchanging money in Ouagadougou or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Burkina Faso long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in CFA francs BCEAO for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Burkina Faso banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Currency exchange bureau who?
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Other currency exchanges
Bottom line
From the list above you should have plenty of options for finding a physical currency exchange in Ouagadougou. If you'd like more options, try searching on a search engine like Google.
Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.