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

Compare today's XOF to MAD (CFA Franc BCEAO to Moroccan Dirham) exchange rates

Benin
Morocco
XOF

Interbank Exchange Rate: 1 XOF = 0.0165 MAD
Updated about 1 hours ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 XOF =
16.20 MAD
Transfer Limit (XOF): No Limits
Indicative Rate1 XOF = 0.0162 MAD

📢 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 Moroccan Dirham money transfers

Easily compare money transfer providers in one place to send money from Benin to Morocco. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Moroccan Dirham (MAD) 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 Morocco from Benin, we currently have 1 remittance service providers available.

Verto currently offers the most competitive rate for sending money to Morocco and their 1 XOF to MAD exchange rate today is 0.0162.

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 Morocco 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 MAD Conversion Rates

Here are some latest XOF to MAD (CFA Franc BCEAO to Moroccan Dirham) exchange rates for popular conversion amounts*.

1 XOF0.02 MAD
5 XOF0.08 MAD
10 XOF0.17 MAD
25 XOF0.41 MAD
50 XOF0.83 MAD
100 XOF1.65 MAD
150 XOF2.48 MAD
200 XOF3.30 MAD
250 XOF4.13 MAD
300 XOF4.95 MAD
400 XOF6.60 MAD
500 XOF8.25 MAD
600 XOF9.90 MAD
700 XOF11.55 MAD
800 XOF13.20 MAD
1,000 XOF16.50 MAD
1,500 XOF24.75 MAD
2,000 XOF33.00 MAD
2,500 XOF41.25 MAD
3,000 XOF49.50 MAD
4,000 XOF66.00 MAD
5,000 XOF82.50 MAD
10,000 XOF165.00 MAD
15,000 XOF247.50 MAD
20,000 XOF330.00 MAD
30,000 XOF495.00 MAD
40,000 XOF660.00 MAD
50,000 XOF825.00 MAD
100,000 XOF1,650.00 MAD

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


What's the best way to do Benin to Morocco money transfers?

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 Morocco. 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 MAD.

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 MAD in Morocco. 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 Morocco from Benin. We provide you with maximum choices to send money to Morocco by comparing competing money transfer companies thereby making you the winner in the end.


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

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your XOF to Moroccan Dirham money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Benin to Morocco. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for XOF to MAD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to send money from Benin to Morocco?

Finding the cheapest way to send money from Benin to Morocco might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer XOF to MAD via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Benin to Morocco exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money from Benin to Morocco through a bank?

Big banks in Benin are known to make a lot of money by charging high fees on Morocco 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 MAD 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 Morocco. 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 Morocco. You work hard for your money, so you should also ensure you get the maximum yield when you send MAD overseas.


How to send money from Benin to Morocco fast?

The speed of your CFA Franc BCEAO to Moroccan Dirham 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 XOF to MAD. 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 Morocco from Benin 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 Morocco 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 MAD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Benin bank to Morocco bank transfer.


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

Comparing money transfer companies for sending money to Morocco 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 Morocco. 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 Moroccan Dirham 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 Moroccan Dirham yield on every CFA Franc BCEAO that you send.


Step by step guide to send money from Benin to Morocco

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 Morocco, 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 Morocco 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 Morocco where they can receive monies in Moroccan Dirham.
  • 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.