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

Cameroon
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 Cameroon 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 Cameroon, 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 Cameroon.

Were you looking to send money from Morocco to Cameroon 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 send money to Morocco from Cameroon?

With the global remittance market booming, there are so many choices for CFA Franc BCEAO to MAD 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 Morocco from Cameroon. 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 MAD 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 sending money from Cameroon to Morocco?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Morocco from Cameroon. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your XOF to Moroccan Dirham money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Cameroon to Morocco corridor to give you more good choices for your next MAD money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way for transferring money to Morocco from Cameroon?

The final amount your recipient gets when you send XOF to MAD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Cameroon to Morocco used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Moroccan Dirham is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best CFA Franc BCEAO to Morocco exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to transfer money from Cameroon to Morocco?

Bank transfers have been a traditionally popular way to send money overseas from Cameroon to Morocco. 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 MAD 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 Cameroon bank for your Morocco 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 Morocco from Cameroon?

If you need to convert XOF to MAD 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 Cameroon to Morocco 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 Moroccan Dirham 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 Morocco.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Cameroon to Morocco. 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 transfer money to Morocco from Cameroon?

Comparing money transfer companies for sending money to Morocco from Cameroon 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 do a money transfer from Cameroon 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 Cameroon 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 Cameroon 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 Cameroon 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.