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Compare today's CVE to XOF (Cape Verde Escudo to CFA Franc BCEAO) exchange rates

Cape Verde
Benin
CVE

Interbank Exchange Rate: 1 CVE = 5.9561 XOF
Updated about an hour ago

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All you need to know about Cape Verde Escudo to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Cape Verde to Benin. Send money overseas to your loved ones by comparing Cape Verde Escudo (CVE) 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 Cape Verde.

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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 CVE to XOF Conversion Rates

Here are some latest CVE to XOF (Cape Verde Escudo to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 CVE5.96 XOF
5 CVE29.78 XOF
10 CVE59.56 XOF
25 CVE148.90 XOF
50 CVE297.81 XOF
100 CVE595.61 XOF
150 CVE893.42 XOF
200 CVE1,191.22 XOF
250 CVE1,489.03 XOF
300 CVE1,786.83 XOF
400 CVE2,382.44 XOF
500 CVE2,978.05 XOF
600 CVE3,573.66 XOF
700 CVE4,169.27 XOF
800 CVE4,764.88 XOF
1,000 CVE5,956.10 XOF
1,500 CVE8,934.15 XOF
2,000 CVE11,912.20 XOF
2,500 CVE14,890.25 XOF
3,000 CVE17,868.30 XOF
4,000 CVE23,824.40 XOF
5,000 CVE29,780.50 XOF
10,000 CVE59,561.00 XOF
15,000 CVE89,341.50 XOF
20,000 CVE119,122.00 XOF
30,000 CVE178,683.00 XOF
40,000 CVE238,244.00 XOF
50,000 CVE297,805.00 XOF
100,000 CVE595,610.00 XOF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Cape Verde to Benin?

There are many good choices when it comes to sending money from Cape Verde to Benin. 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 Cape Verde Escudo to XOF money transfers.

We compare different remittance companies to bring you the best options to send money to Benin from Cape Verde. 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 Cape Verde Escudo to CFA Franc BCEAO 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 Cape Verde to Benin?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Cape Verde to Benin transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your CVE to CFA Franc BCEAO international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Cape Verde Escudo to CFA Franc BCEAO exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to send money from Cape Verde to Benin?

Finding the cheapest way to send money from Cape Verde to Benin might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer CVE to XOF via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Cape Verde to Benin exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money from Cape Verde to Benin through a bank?

We do not recommend using your local bank in Cape Verde for your next CVE to XOF overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Cape Verde to Benin (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending XOF to Benin. These companies will let you use your local bank account in Cape Verde to pay for your Benin money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to do a money transfer to Benin from Cape Verde?

The first thing to do when you need to convert CVE to XOF quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Cape Verde Escudo and CFA Franc BCEAO. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Cape Verde to Benin remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Benin.


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

Since the Cape Verde Escudo to CFA Franc BCEAO money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Cape Verde that may also be able to send money to Benin. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your CVE to XOF money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Benin gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Cape Verde to Benin transaction.


Step by step guide to do a money transfer from Cape Verde to Benin

The first step to send money to Benin from Cape Verde is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your CVE to XOF overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Benin if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Cape Verde bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Benin!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Cape Verde to Benin.