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Compare today's XOF to VEF (CFA Franc BCEAO to Venezuelan Bolivar) exchange rates

Equatorial Guinea
Venezuela
XOF

Interbank Exchange Rate: 1 XOF = 114,319.9215 VEF
Updated over 24 hours ago

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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 Equatorial Guinea 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 Equatorial Guinea.

Were you looking to send money from Venezuela 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 VEF Conversion Rates

Here are some latest XOF to VEF (CFA Franc BCEAO to Venezuelan Bolivar) exchange rates for popular conversion amounts*.

1 XOF114,319.92 VEF
5 XOF571,599.61 VEF
10 XOF1,143,199.21 VEF
25 XOF2,857,998.04 VEF
50 XOF5,715,996.08 VEF
100 XOF11,431,992.15 VEF
150 XOF17,147,988.22 VEF
200 XOF22,863,984.30 VEF
250 XOF28,579,980.38 VEF
300 XOF34,295,976.45 VEF
400 XOF45,727,968.60 VEF
500 XOF57,159,960.75 VEF
600 XOF68,591,952.90 VEF
700 XOF80,023,945.05 VEF
800 XOF91,455,937.20 VEF
1,000 XOF114,319,921.50 VEF
1,500 XOF171,479,882.25 VEF
2,000 XOF228,639,843.00 VEF
2,500 XOF285,799,803.75 VEF
3,000 XOF342,959,764.50 VEF
4,000 XOF457,279,686.00 VEF
5,000 XOF571,599,607.50 VEF
10,000 XOF1,143,199,215.00 VEF
15,000 XOF1,714,798,822.50 VEF
20,000 XOF2,286,398,430.00 VEF
30,000 XOF3,429,597,645.00 VEF
40,000 XOF4,572,796,860.00 VEF
50,000 XOF5,715,996,075.00 VEF
100,000 XOF11,431,992,150.00 VEF

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


What's the best way to send money from Equatorial Guinea to Venezuela?

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 Venezuela. 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 VEF.

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 VEF in Venezuela. 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 Venezuela from Equatorial Guinea. We provide you with maximum choices to send money to Venezuela 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 Venezuela?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Venezuela from Equatorial Guinea.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your XOF to Venezuelan Bolivar remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for XOF to VEF remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to transfer money from Equatorial Guinea to Venezuela?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Equatorial Guinea to Venezuela via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for CFA Franc BCEAO to Venezuelan Bolivar remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Equatorial Guinea to Venezuela exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for XOF to VEF remittances.


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

Bank transfers have been a traditionally popular way to send money overseas from Equatorial Guinea 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 Equatorial Guinea 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 do a money transfer to Venezuela from Equatorial Guinea?

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 Equatorial Guinea 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 Equatorial Guinea 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 Equatorial Guinea?

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 Equatorial Guinea to Venezuela, 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 CFA Franc BCEAO to Venezuelan Bolivar 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 VEF money transfers to Venezuela. 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 Venezuela getting more money for every CFA Franc BCEAO you send.


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

With so many possible ways to transfer CFA Franc BCEAO to Venezuelan Bolivar, 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 Venezuela 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 Venezuela. 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 Venezuelan Bolivar money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.