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

Ethiopia
Mali
ETB

Interbank Exchange Rate: 1 ETB = 3.5908 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 Mali. 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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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 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 ETB17.95 XOF
10 ETB35.91 XOF
25 ETB89.77 XOF
50 ETB179.54 XOF
100 ETB359.08 XOF
150 ETB538.62 XOF
200 ETB718.16 XOF
250 ETB897.70 XOF
300 ETB1,077.24 XOF
400 ETB1,436.32 XOF
500 ETB1,795.40 XOF
600 ETB2,154.48 XOF
700 ETB2,513.56 XOF
800 ETB2,872.64 XOF
1,000 ETB3,590.80 XOF
1,500 ETB5,386.20 XOF
2,000 ETB7,181.60 XOF
2,500 ETB8,977.00 XOF
3,000 ETB10,772.40 XOF
4,000 ETB14,363.20 XOF
5,000 ETB17,954.00 XOF
10,000 ETB35,908.00 XOF
15,000 ETB53,862.00 XOF
20,000 ETB71,816.00 XOF
30,000 ETB107,724.00 XOF
40,000 ETB143,632.00 XOF
50,000 ETB179,540.00 XOF
100,000 ETB359,080.00 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 Ethiopia to Mali?

With the global remittance market booming, there are so many choices for Ethiopian Birr to XOF 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 Mali from Ethiopia. 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 XOF 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 your money transfers from Ethiopia to Mali?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Mali 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 Mali 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 for transferring money to Mali from Ethiopia?

When you want to send money to Mali from Ethiopia, you obviously want the cheapest possible option to maximize the money your recipient gets in CFA Franc BCEAO. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your ETB to XOF money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Ethiopia to Mali. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Ethiopia to Mali exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send CFA Franc BCEAO overseas.


Should I use my bank to send money from Ethiopia to Mali?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low ETB to XOF exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Ethiopia to Mali money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Mali from Ethiopia. They do this by letting you fund your transaction through your local bank account in Ethiopia, and by allowing you to choose the payout to be your recipient's bank account in Mali. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to do a money transfer to Mali from Ethiopia?

The first thing to do when you need to convert ETB 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 Ethiopian Birr 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 Ethiopia to Mali 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 Mali.


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

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 Ethiopia to Mali, 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 Ethiopian Birr to CFA Franc BCEAO 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 XOF money transfers to Mali. 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 Mali getting more money for every Ethiopian Birr you send.


Step by step guide to send money from Ethiopia to Mali

With so many possible ways to transfer Ethiopian Birr to CFA Franc BCEAO, 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 Ethiopia to Mali 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 Ethiopia and the receiver in Mali. 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 ETB to CFA Franc BCEAO money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.