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

Gabon
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 Gabon 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 Gabon.

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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 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 do Gabon to Venezuela money transfers?

With the global remittance market booming, there are so many choices for CFA Franc BCEAO to VEF 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 Venezuela from Gabon. 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 VEF 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 sending money from Gabon to Venezuela?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Venezuela from Gabon. 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 Venezuelan Bolivar 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 Gabon to Venezuela corridor to give you more good choices for your next VEF money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Venezuela from Gabon?

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

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best XOF to Venezuela 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 Venezuela from Gabon.


Should I use my bank to transfer money from Gabon to Venezuela?

We do not recommend using your local bank in Gabon for your next XOF to VEF 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 Gabon to Venezuela (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 VEF to Venezuela. These companies will let you use your local bank account in Gabon to pay for your Venezuela 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 Venezuela from Gabon?

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 Gabon 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 Gabon 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 Gabon?

Since the CFA Franc BCEAO to Venezuelan Bolivar 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 Gabon that may also be able to send money to Venezuela. 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 XOF to VEF money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Venezuela gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Gabon to Venezuela transaction.


Step by step guide to send money from Gabon to Venezuela

The first step to send money to Venezuela from Gabon 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 XOF to VEF 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 Venezuela if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Gabon bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Venezuela!

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 Gabon to Venezuela.