Compare today's XOF to VEF (CFA Franc BCEAO to Venezuelan Bolivar) exchange rates
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 Guinea-Bissau 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 Guinea-Bissau.
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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 XOF | 114,319.92 VEF |
| 5 XOF | 571,599.61 VEF |
| 10 XOF | 1,143,199.21 VEF |
| 25 XOF | 2,857,998.04 VEF |
| 50 XOF | 5,715,996.08 VEF |
| 100 XOF | 11,431,992.15 VEF |
| 150 XOF | 17,147,988.22 VEF |
| 200 XOF | 22,863,984.30 VEF |
| 250 XOF | 28,579,980.38 VEF |
| 300 XOF | 34,295,976.45 VEF |
| 400 XOF | 45,727,968.60 VEF |
| 500 XOF | 57,159,960.75 VEF |
| 600 XOF | 68,591,952.90 VEF |
| 700 XOF | 80,023,945.05 VEF |
| 800 XOF | 91,455,937.20 VEF |
| 1,000 XOF | 114,319,921.50 VEF |
| 1,500 XOF | 171,479,882.25 VEF |
| 2,000 XOF | 228,639,843.00 VEF |
| 2,500 XOF | 285,799,803.75 VEF |
| 3,000 XOF | 342,959,764.50 VEF |
| 4,000 XOF | 457,279,686.00 VEF |
| 5,000 XOF | 571,599,607.50 VEF |
| 10,000 XOF | 1,143,199,215.00 VEF |
| 15,000 XOF | 1,714,798,822.50 VEF |
| 20,000 XOF | 2,286,398,430.00 VEF |
| 30,000 XOF | 3,429,597,645.00 VEF |
| 40,000 XOF | 4,572,796,860.00 VEF |
| 50,000 XOF | 5,715,996,075.00 VEF |
| 100,000 XOF | 11,431,992,150.00 VEF |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to transfer money from Guinea-Bissau to Venezuela?
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 Guinea-Bissau to Venezuela. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer CFA Franc BCEAO to VEF.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 XOF to VEF in Venezuela. 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 Venezuela from Guinea-Bissau. We provide you with maximum choices to send money to Venezuela by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best exchange rate for sending money from Guinea-Bissau to Venezuela?
One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Venezuela.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Guinea-Bissau to Venezuela transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.
You may also want to sign up for our free exchange rate alert for your XOF to Venezuelan Bolivar money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.
What's the cheapest way to transfer money from Guinea-Bissau to Venezuela?
Finding the cheapest way to send money from Guinea-Bissau to Venezuela might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer XOF to VEF via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.
Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Guinea-Bissau to Venezuela exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.
How to send money to Venezuela from Guinea-Bissau through a bank?
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 XOF to VEF 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 Guinea-Bissau to Venezuela 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 Venezuela from Guinea-Bissau. They do this by letting you fund your transaction through your local bank account in Guinea-Bissau, and by allowing you to choose the payout to be your recipient's bank account in Venezuela. 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 Venezuela from Guinea-Bissau?
The speed of your CFA Franc BCEAO to Venezuelan Bolivar 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 XOF to VEF. 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 Venezuela from Guinea-Bissau 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 Venezuela 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 VEF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Guinea-Bissau bank to Venezuela bank transfer.
Which are the best money transfer companies to send money from Guinea-Bissau to Venezuela?
The first step in selecting the best money transfer operators for Guinea-Bissau to Venezuela remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.
Another factor that may help you decide which provider to go with would be any coupons and deals available for CFA Franc BCEAO to Venezuelan Bolivar money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Venezuela.
Step by step guide to send money from Guinea-Bissau to Venezuela
Follow the below easy steps to send money to Venezuela from Guinea-Bissau.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Guinea-Bissau bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Venezuela).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.