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Compare today's BOB to XOF (Bolivian Boliviano to CFA Franc BCEAO) exchange rates

Bolivia
Benin
BOB

Interbank Exchange Rate: 1 BOB = 80.4701 XOF
Updated about 1 hours ago

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All you need to know about Bolivian Boliviano to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Bolivia to Benin. Send money overseas to your loved ones by comparing Bolivian Boliviano (BOB) to CFA Franc BCEAO (XOF) 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 Bolivia.

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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 BOB to XOF Conversion Rates

Here are some latest BOB to XOF (Bolivian Boliviano to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 BOB80.47 XOF
5 BOB402.35 XOF
10 BOB804.70 XOF
25 BOB2,011.75 XOF
50 BOB4,023.51 XOF
100 BOB8,047.01 XOF
150 BOB12,070.52 XOF
200 BOB16,094.02 XOF
250 BOB20,117.53 XOF
300 BOB24,141.03 XOF
400 BOB32,188.04 XOF
500 BOB40,235.05 XOF
600 BOB48,282.06 XOF
700 BOB56,329.07 XOF
800 BOB64,376.08 XOF
1,000 BOB80,470.10 XOF
1,500 BOB120,705.15 XOF
2,000 BOB160,940.20 XOF
2,500 BOB201,175.25 XOF
3,000 BOB241,410.30 XOF
4,000 BOB321,880.40 XOF
5,000 BOB402,350.50 XOF
10,000 BOB804,701.00 XOF
15,000 BOB1,207,051.50 XOF
20,000 BOB1,609,402.00 XOF
30,000 BOB2,414,103.00 XOF
40,000 BOB3,218,804.00 XOF
50,000 BOB4,023,505.00 XOF
100,000 BOB8,047,010.00 XOF

*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 from Bolivia to Benin?

With the global remittance market booming, there are so many choices for Bolivian Boliviano to XOF money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Benin from Bolivia. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final XOF amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for your money transfers from Bolivia to Benin?

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 BOB to CFA Franc BCEAO 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 Bolivia to Benin. 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 BOB to XOF remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way for transferring money to Benin from Bolivia?

When you want to send money to Benin from Bolivia, you obviously want the cheapest possible option to maximize the money your recipient gets in CFA Franc BCEAO. 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 BOB to XOF 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 Bolivia to Benin. 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 Bolivia to Benin 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 CFA Franc BCEAO overseas.


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

Bank transfers have been a traditionally popular way to send money overseas from Bolivia to Benin. 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 BOB to XOF 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 Bolivia bank for your Benin 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 do a money transfer to Benin from Bolivia?

It could be a stressful experience if you need to rush money quickly from Bolivia to Benin. 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 BOB to XOF. 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 CFA Franc BCEAO. 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 Bolivia to Benin money transfers.


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

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 Bolivia to Benin, 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 Bolivian Boliviano to CFA Franc BCEAO 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 XOF money transfers to Benin. 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 Benin getting more money for every Bolivian Boliviano you send.


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

With so many possible ways to transfer Bolivian Boliviano to CFA Franc BCEAO, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Bolivia to Benin remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Bolivia and the receiver in Benin. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your BOB to CFA Franc BCEAO money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.