Compare today's XOF to NGN (CFA Franc BCEAO to Nigerian Naira) exchange rates
Interbank Exchange Rate: 1 XOF = 2.5528 NGN
Updated about an hour ago
Found 1 Remittance Service Providers
1000 XOF =
2 499.90 NGN
Transfer Limit (XOF): No Limits
Indicative Rate1 XOF = 2.4999 NGN
📢 B2B transfers only
0 Remit Service Providers did not match the search criteria.
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 Nigerian Naira money transfers
Easily compare money transfer providers in one place to send money from Benin to Nigeria. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Nigerian Naira (NGN) 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 Nigeria.
The best rate to send Nigerian Naira from CFA Franc BCEAO to your loved ones in Nigeria is currently offered by Verto; their 1 XOF to NGN exchange rate today is 2.4999.
Were you looking to send money from Nigeria 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 NGN Conversion Rates
Here are some latest XOF to NGN (CFA Franc BCEAO to Nigerian Naira) exchange rates for popular conversion amounts*.
| 1 XOF | 2.55 NGN |
| 5 XOF | 12.76 NGN |
| 10 XOF | 25.53 NGN |
| 25 XOF | 63.82 NGN |
| 50 XOF | 127.64 NGN |
| 100 XOF | 255.28 NGN |
| 150 XOF | 382.92 NGN |
| 200 XOF | 510.56 NGN |
| 250 XOF | 638.20 NGN |
| 300 XOF | 765.84 NGN |
| 400 XOF | 1,021.12 NGN |
| 500 XOF | 1,276.40 NGN |
| 600 XOF | 1,531.68 NGN |
| 700 XOF | 1,786.96 NGN |
| 800 XOF | 2,042.24 NGN |
| 1,000 XOF | 2,552.80 NGN |
| 1,500 XOF | 3,829.20 NGN |
| 2,000 XOF | 5,105.60 NGN |
| 2,500 XOF | 6,382.00 NGN |
| 3,000 XOF | 7,658.40 NGN |
| 4,000 XOF | 10,211.20 NGN |
| 5,000 XOF | 12,764.00 NGN |
| 10,000 XOF | 25,528.00 NGN |
| 15,000 XOF | 38,292.00 NGN |
| 20,000 XOF | 51,056.00 NGN |
| 30,000 XOF | 76,584.00 NGN |
| 40,000 XOF | 102,112.00 NGN |
| 50,000 XOF | 127,640.00 NGN |
| 100,000 XOF | 255,280.00 NGN |
*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 Nigeria from Benin?
Sending money internationally to Nigeria 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 NGN 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 Nigeria. 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 Nigerian Naira.
How to get the best exchange rate for sending money from Benin to Nigeria?
One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Nigeria.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Benin to Nigeria transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.
You may also want to sign up for our free exchange rate alert for your XOF to Nigerian Naira money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.
What's the cheapest way to send money from Benin to Nigeria?
One of the most important things to watch out for is hidden fees when sending money to Nigeria 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 Nigeria using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Nigerian Naira foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best XOF to Nigeria 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 Nigeria from Benin.
Should I use my bank to send money from Benin to Nigeria?
Bank transfers have been a traditionally popular way to send money overseas from Benin to Nigeria. 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 NGN 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 Nigeria 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.
What is the fastest way to transfer money from Benin to Nigeria?
How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Benin to Nigeria. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.To help you convert XOF to NGN fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.
If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your CFA Franc BCEAO amount reaching Nigeria. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.
Hopefully, you do not find yourself in a crisis where you have to rush Nigerian Naira quickly to Nigeria, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.
Which are the best money transfer companies to transfer money from Benin to Nigeria?
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 Nigeria, 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 Nigerian Naira 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 NGN money transfers to Nigeria. 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 Nigeria getting more money for every CFA Franc BCEAO you send.
Step by step guide to do a money transfer from Benin to Nigeria
There are many important aspects of Benin to Nigeria remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Benin bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include NGN bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much CFA Franc BCEAO amount you want to send from Benin.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.