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Compare today's BSD to XOF (Bahamian Dollar to CFA Franc BCEAO) exchange rates

Bahamas
Burkina Faso
BSD

Interbank Exchange Rate: 1 BSD = 555.2136 XOF
Updated about an hour ago

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All you need to know about Bahamian Dollar to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Bahamas to Burkina Faso. Send money overseas to your loved ones by comparing Bahamian Dollar (BSD) to CFA Franc BCEAO (XOF) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Bahamas.

Were you looking to send money from Burkina Faso to Bahamas instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest BSD to XOF Conversion Rates

Here are some latest BSD to XOF (Bahamian Dollar to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 BSD555.21 XOF
5 BSD2,776.07 XOF
10 BSD5,552.14 XOF
25 BSD13,880.34 XOF
50 BSD27,760.68 XOF
100 BSD55,521.36 XOF
150 BSD83,282.04 XOF
200 BSD111,042.72 XOF
250 BSD138,803.40 XOF
300 BSD166,564.08 XOF
400 BSD222,085.44 XOF
500 BSD277,606.80 XOF
600 BSD333,128.16 XOF
700 BSD388,649.52 XOF
800 BSD444,170.88 XOF
1,000 BSD555,213.60 XOF
1,500 BSD832,820.40 XOF
2,000 BSD1,110,427.20 XOF
2,500 BSD1,388,034.00 XOF
3,000 BSD1,665,640.80 XOF
4,000 BSD2,220,854.40 XOF
5,000 BSD2,776,068.00 XOF
10,000 BSD5,552,136.00 XOF
15,000 BSD8,328,204.00 XOF
20,000 BSD11,104,272.00 XOF
30,000 BSD16,656,408.00 XOF
40,000 BSD22,208,544.00 XOF
50,000 BSD27,760,680.00 XOF
100,000 BSD55,521,360.00 XOF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to Burkina Faso from Bahamas?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Bahamas to Burkina Faso. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Bahamian Dollar to XOF.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send BSD to XOF in Burkina Faso. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Burkina Faso from Bahamas. We provide you with maximum choices to send money to Burkina Faso by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best remit rate for transferring money from Bahamas to Burkina Faso?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Burkina Faso from Bahamas. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your BSD to CFA Franc BCEAO money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Bahamas to Burkina Faso corridor to give you more good choices for your next XOF money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money from Bahamas to Burkina Faso?

The final amount your recipient gets when you send BSD to XOF is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Bahamas to Burkina Faso used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send CFA Franc BCEAO is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Bahamian Dollar to Burkina Faso exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to send money from Bahamas to Burkina Faso?

We do not recommend using your local bank in Bahamas for your next BSD to XOF overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Bahamas to Burkina Faso (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending XOF to Burkina Faso. These companies will let you use your local bank account in Bahamas to pay for your Burkina Faso money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Bahamas to Burkina Faso fast?

The speed of your Bahamian Dollar to CFA Franc BCEAO funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert BSD to XOF. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Burkina Faso from Bahamas is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Burkina Faso if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout XOF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Bahamas bank to Burkina Faso bank transfer.


Which are the best money transfer companies to transfer money from Bahamas to Burkina Faso?

Comparing money transfer companies for sending money to Burkina Faso from Bahamas can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Burkina Faso. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Bahamian Dollar to CFA Franc BCEAO transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the CFA Franc BCEAO yield on every Bahamian Dollar that you send.


Step by step guide to do a money transfer from Bahamas to Burkina Faso

The first step to send money to Burkina Faso from Bahamas is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your BSD to XOF overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Burkina Faso if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Bahamas bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Burkina Faso!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Bahamas to Burkina Faso.