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Compare today's GTQ to XOF (Guatemalan Quetzal to CFA Franc BCEAO) exchange rates

Guatemala
Senegal
GTQ

Interbank Exchange Rate: 1 GTQ = 72.5237 XOF
Updated about 1 hours ago

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All you need to know about Guatemalan Quetzal to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Guatemala to Senegal. Send money overseas to your loved ones by comparing Guatemalan Quetzal (GTQ) 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 Guatemala.

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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 GTQ to XOF Conversion Rates

Here are some latest GTQ to XOF (Guatemalan Quetzal to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 GTQ72.52 XOF
5 GTQ362.62 XOF
10 GTQ725.24 XOF
25 GTQ1,813.09 XOF
50 GTQ3,626.19 XOF
100 GTQ7,252.37 XOF
150 GTQ10,878.56 XOF
200 GTQ14,504.74 XOF
250 GTQ18,130.93 XOF
300 GTQ21,757.11 XOF
400 GTQ29,009.48 XOF
500 GTQ36,261.85 XOF
600 GTQ43,514.22 XOF
700 GTQ50,766.59 XOF
800 GTQ58,018.96 XOF
1,000 GTQ72,523.70 XOF
1,500 GTQ108,785.55 XOF
2,000 GTQ145,047.40 XOF
2,500 GTQ181,309.25 XOF
3,000 GTQ217,571.10 XOF
4,000 GTQ290,094.80 XOF
5,000 GTQ362,618.50 XOF
10,000 GTQ725,237.00 XOF
15,000 GTQ1,087,855.50 XOF
20,000 GTQ1,450,474.00 XOF
30,000 GTQ2,175,711.00 XOF
40,000 GTQ2,900,948.00 XOF
50,000 GTQ3,626,185.00 XOF
100,000 GTQ7,252,370.00 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 Guatemala to Senegal?

With the global remittance market booming, there are so many choices for Guatemalan Quetzal 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 Senegal from Guatemala. 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 Guatemala to Senegal?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Senegal from Guatemala. 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 GTQ 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 Guatemala to Senegal 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 to Senegal from Guatemala?

The final amount your recipient gets when you send GTQ 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 Guatemala to Senegal 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 Guatemalan Quetzal to Senegal 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 send money from Guatemala to Senegal?

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

The speed of your Guatemalan Quetzal to CFA Franc BCEAO funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert GTQ to XOF. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Senegal from Guatemala is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Senegal if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout XOF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Guatemala bank to Senegal bank transfer.


Which are the best money transfer companies to transfer money from Guatemala to Senegal?

Guatemala to Senegal 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 Senegal 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 Guatemalan Quetzal 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 send money from Guatemala to Senegal

There are many important aspects of Guatemala to Senegal 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 - Guatemala 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 Guatemalan Quetzal amount you want to send from Guatemala.
  • 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 Senegal to validate that they get the money once the transaction clears.