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

Equatorial Guinea
Cape Verde
XOF

Interbank Exchange Rate: 1 XOF = 0.1683 CVE
Updated about an hour ago

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

Easily compare money transfer providers in one place to send money from Equatorial Guinea to Cape Verde. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Cape Verde Escudo (CVE) 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 Equatorial Guinea.

Were you looking to send money from Cape Verde to Equatorial Guinea 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 CVE Conversion Rates

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

1 XOF0.17 CVE
5 XOF0.84 CVE
10 XOF1.68 CVE
25 XOF4.21 CVE
50 XOF8.42 CVE
100 XOF16.83 CVE
150 XOF25.25 CVE
200 XOF33.66 CVE
250 XOF42.08 CVE
300 XOF50.49 CVE
400 XOF67.32 CVE
500 XOF84.15 CVE
600 XOF100.98 CVE
700 XOF117.81 CVE
800 XOF134.64 CVE
1,000 XOF168.30 CVE
1,500 XOF252.45 CVE
2,000 XOF336.60 CVE
2,500 XOF420.75 CVE
3,000 XOF504.90 CVE
4,000 XOF673.20 CVE
5,000 XOF841.50 CVE
10,000 XOF1,683.00 CVE
15,000 XOF2,524.50 CVE
20,000 XOF3,366.00 CVE
30,000 XOF5,049.00 CVE
40,000 XOF6,732.00 CVE
50,000 XOF8,415.00 CVE
100,000 XOF16,830.00 CVE

*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 Equatorial Guinea to Cape Verde?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Equatorial Guinea to Cape Verde. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer CFA Franc BCEAO to CVE.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send XOF to CVE in Cape Verde. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Cape Verde from Equatorial Guinea. We provide you with maximum choices to send money to Cape Verde by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best remit rate for transferring money from Equatorial Guinea to Cape Verde?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Cape Verde from Equatorial Guinea. 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 Cape Verde Escudo 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 Equatorial Guinea to Cape Verde corridor to give you more good choices for your next CVE 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 Cape Verde from Equatorial Guinea?

One of the most important things to watch out for is hidden fees when sending money to Cape Verde from Equatorial Guinea. 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 Cape Verde using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Cape Verde Escudo foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best XOF to Cape Verde 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 Cape Verde from Equatorial Guinea.


Should I use my bank to send money from Equatorial Guinea to Cape Verde?

Bank transfers have been a traditionally popular way to send money overseas from Equatorial Guinea to Cape Verde. 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 CVE 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 Equatorial Guinea bank for your Cape Verde 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 Cape Verde from Equatorial Guinea?

If you need to convert XOF to CVE 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 Equatorial Guinea to Cape Verde 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 Cape Verde Escudo 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 Cape Verde.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Equatorial Guinea to Cape Verde. 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 from Equatorial Guinea to Cape Verde?

The first step in selecting the best money transfer operators for Equatorial Guinea to Cape Verde 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 Cape Verde Escudo 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 Cape Verde.


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

With so many possible ways to transfer CFA Franc BCEAO to Cape Verde Escudo, 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 Equatorial Guinea to Cape Verde 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 Equatorial Guinea and the receiver in Cape Verde. 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 XOF to Cape Verde Escudo money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.