Compare today's GNF to XOF (Guinean Franc to CFA Franc BCEAO) exchange rates
Interbank Exchange Rate: 1 GNF = 0.0633 XOF
Updated about 1 hours ago
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All you need to know about Guinean Franc to CFA Franc BCEAO money transfers
Easily compare money transfer providers in one place to send money from Guinea to Benin. Send money overseas to your loved ones by comparing Guinean Franc (GNF) 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 Guinea.
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Latest GNF to XOF Conversion Rates
Here are some latest GNF to XOF (Guinean Franc to CFA Franc BCEAO) exchange rates for popular conversion amounts*.
| 1 GNF | 0.06 XOF |
| 5 GNF | 0.32 XOF |
| 10 GNF | 0.63 XOF |
| 25 GNF | 1.58 XOF |
| 50 GNF | 3.16 XOF |
| 100 GNF | 6.33 XOF |
| 150 GNF | 9.50 XOF |
| 200 GNF | 12.66 XOF |
| 250 GNF | 15.83 XOF |
| 300 GNF | 18.99 XOF |
| 400 GNF | 25.32 XOF |
| 500 GNF | 31.65 XOF |
| 600 GNF | 37.98 XOF |
| 700 GNF | 44.31 XOF |
| 800 GNF | 50.64 XOF |
| 1,000 GNF | 63.30 XOF |
| 1,500 GNF | 94.95 XOF |
| 2,000 GNF | 126.60 XOF |
| 2,500 GNF | 158.25 XOF |
| 3,000 GNF | 189.90 XOF |
| 4,000 GNF | 253.20 XOF |
| 5,000 GNF | 316.50 XOF |
| 10,000 GNF | 633.00 XOF |
| 15,000 GNF | 949.50 XOF |
| 20,000 GNF | 1,266.00 XOF |
| 30,000 GNF | 1,899.00 XOF |
| 40,000 GNF | 2,532.00 XOF |
| 50,000 GNF | 3,165.00 XOF |
| 100,000 GNF | 6,330.00 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 Benin from Guinea?
With the global remittance market booming, there are so many choices for Guinean Franc 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 Benin from Guinea. 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 sending money from Guinea to Benin?
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 Benin.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Guinea to Benin 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 GNF to CFA Franc BCEAO 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 for transferring money to Benin from Guinea?
Finding the cheapest way to send money from Guinea to Benin 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 GNF to XOF 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 to Benin 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.
Should I use my bank to send money from Guinea to Benin?
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 GNF 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 Guinea to Benin 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 Benin from Guinea. They do this by letting you fund your transaction through your local bank account in Guinea, and by allowing you to choose the payout to be your recipient's bank account in Benin. 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 Benin from Guinea?
The speed of your Guinean Franc 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 GNF 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 Benin from Guinea 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 Benin 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 Guinea bank to Benin bank transfer.
Which are the best money transfer companies to transfer money from Guinea to Benin?
The first step in selecting the best money transfer operators for Guinea to Benin 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 Guinean Franc to CFA Franc BCEAO 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 Benin.
Step by step guide to send money to Benin from Guinea
Follow the below easy steps to send money to Benin from Guinea.- 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 bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Benin).
- 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.