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Compare today's GIP to XOF (Gibraltar Pound to CFA Franc BCEAO) exchange rates

Gibraltar
Mali
GIP

Interbank Exchange Rate: 1 GIP = 758.2343 XOF
Updated about an hour ago

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All you need to know about Gibraltar Pound to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Gibraltar to Mali. Send money overseas to your loved ones by comparing Gibraltar Pound (GIP) 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 Gibraltar.

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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 GIP to XOF Conversion Rates

Here are some latest GIP to XOF (Gibraltar Pound to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 GIP758.23 XOF
5 GIP3,791.17 XOF
10 GIP7,582.34 XOF
25 GIP18,955.86 XOF
50 GIP37,911.72 XOF
100 GIP75,823.43 XOF
150 GIP113,735.14 XOF
200 GIP151,646.86 XOF
250 GIP189,558.57 XOF
300 GIP227,470.29 XOF
400 GIP303,293.72 XOF
500 GIP379,117.15 XOF
600 GIP454,940.58 XOF
700 GIP530,764.01 XOF
800 GIP606,587.44 XOF
1,000 GIP758,234.30 XOF
1,500 GIP1,137,351.45 XOF
2,000 GIP1,516,468.60 XOF
2,500 GIP1,895,585.75 XOF
3,000 GIP2,274,702.90 XOF
4,000 GIP3,032,937.20 XOF
5,000 GIP3,791,171.50 XOF
10,000 GIP7,582,343.00 XOF
15,000 GIP11,373,514.50 XOF
20,000 GIP15,164,686.00 XOF
30,000 GIP22,747,029.00 XOF
40,000 GIP30,329,372.00 XOF
50,000 GIP37,911,715.00 XOF
100,000 GIP75,823,430.00 XOF

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


What's the best way to send money to Mali from Gibraltar?

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 Gibraltar to Mali. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Gibraltar Pound to XOF.

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 GIP to XOF in Mali. 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 Mali from Gibraltar. We provide you with maximum choices to send money to Mali by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best rate to transfer money to Mali from Gibraltar?

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

The final amount your recipient gets when you send GIP 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 Gibraltar to Mali 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 Gibraltar Pound to Mali 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.


Should I use my bank to transfer money from Gibraltar to Mali?

Big banks in Gibraltar are known to make a lot of money by charging high fees on Mali money transfers from Gibraltar. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a GIP to XOF exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Mali. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Gibraltar to Mali. You work hard for your money, so you should also ensure you get the maximum yield when you send XOF overseas.


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

If you need to convert GIP to XOF 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 Gibraltar to Mali 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 Gibraltar Pound to CFA Franc BCEAO 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 Mali.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Gibraltar to Mali. 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 Gibraltar to Mali?

Comparing money transfer companies for sending money to Mali from Gibraltar can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Mali. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Gibraltar Pound to CFA Franc BCEAO transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the CFA Franc BCEAO yield on every Gibraltar Pound that you send.


Step by step guide to send money from Gibraltar to Mali

There are many important aspects of Gibraltar to Mali remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Gibraltar bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include XOF bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Gibraltar Pound amount you want to send from Gibraltar.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Mali to validate that they get the money once the transaction clears.