Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's XOF to USD (CFA Franc BCEAO to US Dollar) exchange rates

Benin
Timor-Leste (East Timor)
XOF

Interbank Exchange Rate: 1 XOF = 0.0019 USD
Updated about 1 hours ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 XOF =
1.90 USD
Transfer Limit (XOF): No Limits
Indicative Rate1 XOF = 0.0019 USD

📢 B2B transfers only

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





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

Easily compare money transfer providers in one place to send money from Benin to Timor-Leste (East Timor). Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to US Dollar (USD) 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.

RemitFinder compared 1 money transfer operators to get you the best FX rates to send money from Benin to Timor-Leste (East Timor).

The best rate to send US Dollar from CFA Franc BCEAO to your loved ones in Timor-Leste (East Timor) is currently offered by Verto; their 1 XOF to USD exchange rate today is 0.0019.

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 Benin.

Were you looking to send money from Timor-Leste (East Timor) to Benin 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 XOF to USD Conversion Rates

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

1 XOF0.00 USD
5 XOF0.01 USD
10 XOF0.02 USD
25 XOF0.05 USD
50 XOF0.10 USD
100 XOF0.19 USD
150 XOF0.29 USD
200 XOF0.38 USD
250 XOF0.48 USD
300 XOF0.57 USD
400 XOF0.76 USD
500 XOF0.95 USD
600 XOF1.14 USD
700 XOF1.33 USD
800 XOF1.52 USD
1,000 XOF1.90 USD
1,500 XOF2.85 USD
2,000 XOF3.80 USD
2,500 XOF4.75 USD
3,000 XOF5.70 USD
4,000 XOF7.60 USD
5,000 XOF9.50 USD
10,000 XOF19.00 USD
15,000 XOF28.50 USD
20,000 XOF38.00 USD
30,000 XOF57.00 USD
40,000 XOF76.00 USD
50,000 XOF95.00 USD
100,000 XOF190.00 USD

*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 Timor-Leste (East Timor) from Benin?

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 Benin to Timor-Leste (East Timor). We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer CFA Franc BCEAO to USD.

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 XOF to USD in Timor-Leste (East Timor). 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 Timor-Leste (East Timor) from Benin. We provide you with maximum choices to send money to Timor-Leste (East Timor) by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for your money transfers from Benin to Timor-Leste (East Timor)?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Benin to Timor-Leste (East Timor) transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your XOF to United States Dollar international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest CFA Franc BCEAO to United States Dollar exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to transfer money from Benin to Timor-Leste (East Timor)?

The final amount your recipient gets when you send XOF to USD 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 Benin to Timor-Leste (East Timor) 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 United States Dollar 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 CFA Franc BCEAO to Timor-Leste (East Timor) 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 transfer money from Benin to Timor-Leste (East Timor)?

We do not recommend using your local bank in Benin for your next XOF to USD 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 Benin to Timor-Leste (East Timor) (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 USD to Timor-Leste (East Timor). These companies will let you use your local bank account in Benin to pay for your Timor-Leste (East Timor) 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 to Timor-Leste (East Timor) from Benin fast?

It could be a stressful experience if you need to rush money quickly from Benin to Timor-Leste (East Timor). How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert XOF to USD. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in United States Dollar. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Benin to Timor-Leste (East Timor) money transfers.


Which are the best money transfer companies to send money from Benin to Timor-Leste (East Timor)?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Benin to Timor-Leste (East Timor), we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best CFA Franc BCEAO to United States Dollar exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your USD money transfers to Timor-Leste (East Timor). Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Timor-Leste (East Timor) getting more money for every CFA Franc BCEAO you send.


Step by step guide to do a money transfer from Benin to Timor-Leste (East Timor)

With so many possible ways to transfer CFA Franc BCEAO to United States Dollar, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Benin to Timor-Leste (East Timor) remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Benin and the receiver in Timor-Leste (East Timor). Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your XOF to United States Dollar money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.