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Compare today's IQD to XOF (Iraqi Dinar to CFA Franc BCEAO) exchange rates

Iraq
Equatorial Guinea
IQD

Interbank Exchange Rate: 1 IQD = 0.4245 XOF
Updated about an hour ago

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All you need to know about Iraqi Dinar to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Iraq to Equatorial Guinea. Send money overseas to your loved ones by comparing Iraqi Dinar (IQD) 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 Iraq.

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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 IQD to XOF Conversion Rates

Here are some latest IQD to XOF (Iraqi Dinar to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 IQD0.42 XOF
5 IQD2.12 XOF
10 IQD4.25 XOF
25 IQD10.61 XOF
50 IQD21.22 XOF
100 IQD42.45 XOF
150 IQD63.68 XOF
200 IQD84.90 XOF
250 IQD106.13 XOF
300 IQD127.35 XOF
400 IQD169.80 XOF
500 IQD212.25 XOF
600 IQD254.70 XOF
700 IQD297.15 XOF
800 IQD339.60 XOF
1,000 IQD424.50 XOF
1,500 IQD636.75 XOF
2,000 IQD849.00 XOF
2,500 IQD1,061.25 XOF
3,000 IQD1,273.50 XOF
4,000 IQD1,698.00 XOF
5,000 IQD2,122.50 XOF
10,000 IQD4,245.00 XOF
15,000 IQD6,367.50 XOF
20,000 IQD8,490.00 XOF
30,000 IQD12,735.00 XOF
40,000 IQD16,980.00 XOF
50,000 IQD21,225.00 XOF
100,000 IQD42,450.00 XOF

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


What's the best way to do Iraq to Equatorial Guinea money transfers?

With the global remittance market booming, there are so many choices for Iraqi Dinar 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 Equatorial Guinea from Iraq. 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 rate to transfer money to Equatorial Guinea from Iraq?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your IQD to CFA Franc BCEAO money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Iraq to Equatorial Guinea. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for IQD to XOF remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way for transferring money to Equatorial Guinea from Iraq?

When you want to send money to Equatorial Guinea from Iraq, you obviously want the cheapest possible option to maximize the money your recipient gets in CFA Franc BCEAO. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your IQD to XOF money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Iraq to Equatorial Guinea. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Iraq to Equatorial Guinea exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send CFA Franc BCEAO overseas.


Should I use my bank to send money from Iraq to Equatorial Guinea?

We do not recommend using your local bank in Iraq for your next IQD 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 Iraq to Equatorial Guinea (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 Equatorial Guinea. These companies will let you use your local bank account in Iraq to pay for your Equatorial Guinea 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 Equatorial Guinea from Iraq?

If you need to convert IQD 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 Iraq to Equatorial Guinea 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 Iraqi Dinar 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 Equatorial Guinea.

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

Iraq to Equatorial Guinea 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 Equatorial Guinea 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 Iraqi Dinar 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 do a money transfer from Iraq to Equatorial Guinea

Follow the below easy steps to send money to Equatorial Guinea from Iraq.

  • 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 Iraq bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Equatorial Guinea).
  • 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.

The provider will then work on your IQD to XOF remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your 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.