Compare today's XOF to PAB (CFA Franc BCEAO to Panamanian Balboa) exchange rates
Interbank Exchange Rate: 1 XOF = 0.0018 PAB
Updated about 1 hours ago
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All you need to know about CFA Franc BCEAO to Panamanian Balboa money transfers
Easily compare money transfer providers in one place to send money from Benin to Panama. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Panamanian Balboa (PAB) 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.
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Latest XOF to PAB Conversion Rates
Here are some latest XOF to PAB (CFA Franc BCEAO to Panamanian Balboa) exchange rates for popular conversion amounts*.
| 1 XOF | 0.00 PAB |
| 5 XOF | 0.01 PAB |
| 10 XOF | 0.02 PAB |
| 25 XOF | 0.05 PAB |
| 50 XOF | 0.09 PAB |
| 100 XOF | 0.18 PAB |
| 150 XOF | 0.27 PAB |
| 200 XOF | 0.36 PAB |
| 250 XOF | 0.45 PAB |
| 300 XOF | 0.54 PAB |
| 400 XOF | 0.72 PAB |
| 500 XOF | 0.90 PAB |
| 600 XOF | 1.08 PAB |
| 700 XOF | 1.26 PAB |
| 800 XOF | 1.44 PAB |
| 1,000 XOF | 1.80 PAB |
| 1,500 XOF | 2.70 PAB |
| 2,000 XOF | 3.60 PAB |
| 2,500 XOF | 4.50 PAB |
| 3,000 XOF | 5.40 PAB |
| 4,000 XOF | 7.20 PAB |
| 5,000 XOF | 9.00 PAB |
| 10,000 XOF | 18.00 PAB |
| 15,000 XOF | 27.00 PAB |
| 20,000 XOF | 36.00 PAB |
| 30,000 XOF | 54.00 PAB |
| 40,000 XOF | 72.00 PAB |
| 50,000 XOF | 90.00 PAB |
| 100,000 XOF | 180.00 PAB |
*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 Panama from Benin?
There are many good choices when it comes to sending money from Benin to Panama. 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 PAB money transfers.We compare different remittance companies to bring you the best options to send money to Panama 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 Panamanian Balboa money transfers. You can take advantage of these deals and make the most of your hard earned money.
How to get the best exchange rate for your money transfers from Benin to Panama?
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 Panamanian Balboa 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 Panama. 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 PAB 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 Panama?
One of the most important things to watch out for is hidden fees when sending money to Panama 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 Panama using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Panamanian Balboa foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best XOF to Panama 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 Panama from Benin.
Should I use my bank to transfer money from Benin to Panama?
There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low XOF to PAB exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Benin to Panama money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.
Most of the remittance companies today offer bank to bank transfers for sending money to Panama from Benin. They do this by letting you fund your transaction through your local bank account in Benin, and by allowing you to choose the payout to be your recipient's bank account in Panama. But, you are likely to get much better rates and lower fees compared to your bank.
What is the fastest way to do a money transfer to Panama from Benin?
It could be a stressful experience if you need to rush money quickly from Benin to Panama. 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 PAB. 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 Panamanian Balboa. 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 Panama money transfers.
Which are the best money transfer companies to send money from Benin to Panama?
Benin to Panama money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Panama as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.
Once you have defined your parameters, selecting the best CFA Franc BCEAO to Panamanian Balboa money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.
Step by step guide to send money to Panama from Benin
Follow the below easy steps to send money to Panama from Benin.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Benin bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Panama).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.