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

Compare today's XOF to MYR (CFA Franc BCEAO to Malaysian Ringgit) exchange rates

Benin
Malaysia
XOF
Interbank Exchange Rate: 1 XOF = 0.0073 MYR
Updated about an hour ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 XOF =
7.20 MYR
Transfer Limit (XOF): No Limits
Indicative Rate1 XOF = 0.0072 MYR

📢 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 Malaysian Ringgit money transfers

Easily compare money transfer providers in one place to send money from Benin to Malaysia. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Malaysian Ringgit (MYR) 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.

When making a money transfer to Malaysia from Benin, we currently have 1 remittance service providers available.

Verto currently offers the most competitive rate for sending money to Malaysia and their 1 XOF to MYR exchange rate today is 0.0072.

Were you looking to send money from Malaysia to Benin instead?

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.

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.


Latest XOF to MYR Conversion Rates

Here are some latest XOF to MYR (CFA Franc BCEAO to Malaysian Ringgit) exchange rates for popular conversion amounts*.

1 XOF0.01 MYR
5 XOF0.04 MYR
10 XOF0.07 MYR
25 XOF0.18 MYR
50 XOF0.37 MYR
100 XOF0.73 MYR
150 XOF1.10 MYR
200 XOF1.46 MYR
250 XOF1.83 MYR
300 XOF2.19 MYR
400 XOF2.92 MYR
500 XOF3.65 MYR
600 XOF4.38 MYR
700 XOF5.11 MYR
800 XOF5.84 MYR
1,000 XOF7.30 MYR
1,500 XOF10.95 MYR
2,000 XOF14.60 MYR
2,500 XOF18.25 MYR
3,000 XOF21.90 MYR
4,000 XOF29.20 MYR
5,000 XOF36.50 MYR
10,000 XOF73.00 MYR
15,000 XOF109.50 MYR
20,000 XOF146.00 MYR
30,000 XOF219.00 MYR
40,000 XOF292.00 MYR
50,000 XOF365.00 MYR
100,000 XOF730.00 MYR

*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 Malaysia from Benin?

There are many good choices when it comes to sending money from Benin to Malaysia. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your CFA Franc BCEAO to MYR money transfers.

We compare different remittance companies to bring you the best options to send money to Malaysia from Benin. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your CFA Franc BCEAO to Malaysian Ringgit money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best remit rate for transferring money from Benin to Malaysia?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Malaysia from Benin. 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 XOF to Malaysian Ringgit 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 Benin to Malaysia corridor to give you more good choices for your next MYR money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way for transferring money to Malaysia from Benin?

One of the most important things to watch out for is hidden fees when sending money to Malaysia from Benin. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Malaysia using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Malaysian Ringgit foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best XOF to Malaysia exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Malaysia from Benin.


Should I use my bank to send money from Benin to Malaysia?

Big banks in Benin are known to make a lot of money by charging high fees on Malaysia money transfers from Benin. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a XOF to MYR exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Malaysia. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Benin to Malaysia. You work hard for your money, so you should also ensure you get the maximum yield when you send MYR overseas.


What is the fastest way to do a money transfer to Malaysia from Benin?

The first thing to do when you need to convert XOF to MYR quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between CFA Franc BCEAO and Malaysian Ringgit. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Benin to Malaysia remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Malaysia.


Which are the best money transfer companies to transfer money to Malaysia from Benin?

The first step in selecting the best money transfer operators for Benin to Malaysia remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for CFA Franc BCEAO to Malaysian Ringgit money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Malaysia.


Step by step guide to send money from Benin to Malaysia

The first step to send money to Malaysia from Benin 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 XOF to MYR 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 Malaysia if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Benin bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Malaysia!

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 Benin to Malaysia.