Compare today's XOF to VEF (CFA Franc BCEAO to Venezuelan Bolivar) exchange rates
Interbank Exchange Rate: 1 XOF = 114,319.9215 VEF
Updated over 24 hours ago
Found 0 Remittance Service Providers
0 Remit Service Providers did not match the search criteria.
All you need to know about CFA Franc BCEAO to Venezuelan Bolivar money transfers
Easily compare money transfer providers in one place to send money from Benin to Venezuela. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Venezuelan Bolivar (VEF) 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.
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 Venezuela 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 VEF Conversion Rates
Here are some latest XOF to VEF (CFA Franc BCEAO to Venezuelan Bolivar) exchange rates for popular conversion amounts*.
| 1 XOF | 114,319.92 VEF |
| 5 XOF | 571,599.61 VEF |
| 10 XOF | 1,143,199.21 VEF |
| 25 XOF | 2,857,998.04 VEF |
| 50 XOF | 5,715,996.08 VEF |
| 100 XOF | 11,431,992.15 VEF |
| 150 XOF | 17,147,988.22 VEF |
| 200 XOF | 22,863,984.30 VEF |
| 250 XOF | 28,579,980.38 VEF |
| 300 XOF | 34,295,976.45 VEF |
| 400 XOF | 45,727,968.60 VEF |
| 500 XOF | 57,159,960.75 VEF |
| 600 XOF | 68,591,952.90 VEF |
| 700 XOF | 80,023,945.05 VEF |
| 800 XOF | 91,455,937.20 VEF |
| 1,000 XOF | 114,319,921.50 VEF |
| 1,500 XOF | 171,479,882.25 VEF |
| 2,000 XOF | 228,639,843.00 VEF |
| 2,500 XOF | 285,799,803.75 VEF |
| 3,000 XOF | 342,959,764.50 VEF |
| 4,000 XOF | 457,279,686.00 VEF |
| 5,000 XOF | 571,599,607.50 VEF |
| 10,000 XOF | 1,143,199,215.00 VEF |
| 15,000 XOF | 1,714,798,822.50 VEF |
| 20,000 XOF | 2,286,398,430.00 VEF |
| 30,000 XOF | 3,429,597,645.00 VEF |
| 40,000 XOF | 4,572,796,860.00 VEF |
| 50,000 XOF | 5,715,996,075.00 VEF |
| 100,000 XOF | 11,431,992,150.00 VEF |
*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 Venezuela money transfers?
It can be very confusing when sending money from Benin to Venezuela given so many choices. Additionally, CFA Franc BCEAO to VEF exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.Choose Benin to Venezuela as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Venezuela from Benin. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.
To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for CFA Franc BCEAO to Venezuelan Bolivar remittances.
How to get the best remit rate for transferring money from Benin to Venezuela?
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 Venezuelan Bolivar 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 Venezuela. 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 VEF 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 Venezuela?
One of the most important things to watch out for is hidden fees when sending money to Venezuela 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 Venezuela using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Venezuelan Bolivar foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best XOF to Venezuela 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 Venezuela from Benin.
How to send money from Benin to Venezuela through a bank?
Bank transfers have been a traditionally popular way to send money overseas from Benin to Venezuela. 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 VEF 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 Venezuela 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 Venezuela?
If you need to convert XOF to VEF 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 Venezuela 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 Venezuelan Bolivar 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 Venezuela.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Benin to Venezuela. 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 Venezuela from Benin?
The first step in selecting the best money transfer operators for Benin to Venezuela 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 Venezuelan Bolivar 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 Venezuela.
Step by step guide to transfer money to Venezuela from Benin
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 Venezuela, 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 Venezuela 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 Venezuela where they can receive monies in Venezuelan Bolivar.
- 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.