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Compare today's ETB to XOF (Ethiopian Birr to CFA Franc BCEAO) exchange rates

Ethiopia
Benin
ETB

Interbank Exchange Rate: 1 ETB = 3.5855 XOF
Updated about an hour ago

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All you need to know about Ethiopian Birr to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Ethiopia to Benin. Send money overseas to your loved ones by comparing Ethiopian Birr (ETB) 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 Ethiopia.

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Latest ETB to XOF Conversion Rates

Here are some latest ETB to XOF (Ethiopian Birr to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 ETB3.59 XOF
5 ETB17.93 XOF
10 ETB35.86 XOF
25 ETB89.64 XOF
50 ETB179.28 XOF
100 ETB358.55 XOF
150 ETB537.83 XOF
200 ETB717.10 XOF
250 ETB896.38 XOF
300 ETB1,075.65 XOF
400 ETB1,434.20 XOF
500 ETB1,792.75 XOF
600 ETB2,151.30 XOF
700 ETB2,509.85 XOF
800 ETB2,868.40 XOF
1,000 ETB3,585.50 XOF
1,500 ETB5,378.25 XOF
2,000 ETB7,171.00 XOF
2,500 ETB8,963.75 XOF
3,000 ETB10,756.50 XOF
4,000 ETB14,342.00 XOF
5,000 ETB17,927.50 XOF
10,000 ETB35,855.00 XOF
15,000 ETB53,782.50 XOF
20,000 ETB71,710.00 XOF
30,000 ETB107,565.00 XOF
40,000 ETB143,420.00 XOF
50,000 ETB179,275.00 XOF
100,000 ETB358,550.00 XOF

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


What's the best way to do Ethiopia to Benin money transfers?

It can be very confusing when sending money from Ethiopia to Benin given so many choices. Additionally, Ethiopian Birr to XOF exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Ethiopia to Benin as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Benin from Ethiopia. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Ethiopian Birr to CFA Franc BCEAO remittances.


How to get the best exchange rate for sending money from Ethiopia to Benin?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Benin from Ethiopia. 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 ETB to CFA Franc BCEAO 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 Ethiopia to Benin corridor to give you more good choices for your next XOF money transfer. This way you do not miss out on additional options to potentially save more.


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

The final amount your recipient gets when you send ETB to XOF 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 Ethiopia to Benin 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 CFA Franc BCEAO 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 Ethiopian Birr to Benin 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.


How to send money to Benin from Ethiopia through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Ethiopia to Benin money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like ETB to XOF transfers.

Given this, there are umpteen additional options to send money to Benin instead of just your Ethiopia bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Ethiopian Birr even more so that your recipient in Benin gets the maximum amount.


How to send money to Benin from Ethiopia fast?

It could be a stressful experience if you need to rush money quickly from Ethiopia 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 ETB 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 Ethiopia to Benin money transfers.


Which are the best money transfer companies to transfer money to Benin from Ethiopia?

Ethiopia to Benin money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Benin as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Ethiopian Birr to CFA Franc BCEAO money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


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

The first step to send money to Benin from Ethiopia 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 ETB 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 Ethiopia 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 Ethiopia to Benin.