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
Micronesia
XOF

Interbank Exchange Rate: 1 XOF = 0.0019 USD
Updated about an hour 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 Micronesia. 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.

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

Verto currently offers the most competitive rate for sending money to Micronesia and 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 Micronesia 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 Micronesia from Benin?

Sending money internationally to Micronesia from Benin can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your CFA Franc BCEAO to USD remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Micronesia. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in United States Dollar.


How to get the best exchange rate for sending money from Benin to Micronesia?

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 Micronesia 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 send money from Benin to Micronesia?

When you want to send money to Micronesia from Benin, you obviously want the cheapest possible option to maximize the money your recipient gets in United States Dollar. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your XOF to USD money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Benin to Micronesia. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Benin to Micronesia exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send United States Dollar overseas.


Should I use my bank to transfer money from Benin to Micronesia?

Bank transfers have been a traditionally popular way to send money overseas from Benin to Micronesia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the XOF to USD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Benin bank for your Micronesia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money to Micronesia from Benin fast?

If you need to convert XOF to USD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Benin to Micronesia could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your CFA Franc BCEAO to United States Dollar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Micronesia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Benin to Micronesia. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money to Micronesia from Benin?

Comparing money transfer companies for sending money to Micronesia from Benin 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 Micronesia. 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 CFA Franc BCEAO to United States Dollar 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 United States Dollar yield on every CFA Franc BCEAO that you send.


Step by step guide to do a money transfer from Benin to Micronesia

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Benin to Micronesia, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Benin to Micronesia that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Micronesia where they can receive monies in United States Dollar.
  • Then, provide details of your Benin bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your XOF travel to another part of the globe.