Compare today's JMD to XOF (Jamaican Dollar to CFA Franc BCEAO) exchange rates
Interbank Exchange Rate: 1 JMD = 3.5497 XOF
Updated about an hour ago
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All you need to know about Jamaican Dollar to CFA Franc BCEAO money transfers
Easily compare money transfer providers in one place to send money from Jamaica to Mali. Send money overseas to your loved ones by comparing Jamaican Dollar (JMD) 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.
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Latest JMD to XOF Conversion Rates
Here are some latest JMD to XOF (Jamaican Dollar to CFA Franc BCEAO) exchange rates for popular conversion amounts*.
| 1 JMD | 3.55 XOF |
| 5 JMD | 17.75 XOF |
| 10 JMD | 35.50 XOF |
| 25 JMD | 88.74 XOF |
| 50 JMD | 177.49 XOF |
| 100 JMD | 354.97 XOF |
| 150 JMD | 532.46 XOF |
| 200 JMD | 709.94 XOF |
| 250 JMD | 887.43 XOF |
| 300 JMD | 1,064.91 XOF |
| 400 JMD | 1,419.88 XOF |
| 500 JMD | 1,774.85 XOF |
| 600 JMD | 2,129.82 XOF |
| 700 JMD | 2,484.79 XOF |
| 800 JMD | 2,839.76 XOF |
| 1,000 JMD | 3,549.70 XOF |
| 1,500 JMD | 5,324.55 XOF |
| 2,000 JMD | 7,099.40 XOF |
| 2,500 JMD | 8,874.25 XOF |
| 3,000 JMD | 10,649.10 XOF |
| 4,000 JMD | 14,198.80 XOF |
| 5,000 JMD | 17,748.50 XOF |
| 10,000 JMD | 35,497.00 XOF |
| 15,000 JMD | 53,245.50 XOF |
| 20,000 JMD | 70,994.00 XOF |
| 30,000 JMD | 106,491.00 XOF |
| 40,000 JMD | 141,988.00 XOF |
| 50,000 JMD | 177,485.00 XOF |
| 100,000 JMD | 354,970.00 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 from Jamaica to Mali?
Sending money internationally to Mali from Jamaica can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Jamaican Dollar to XOF remittances.
Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Mali. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in CFA Franc BCEAO.
How to get the best remit rate for transferring money from Jamaica to Mali?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Mali from Jamaica. 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 JMD 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 Jamaica 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 Jamaica to Mali?
One of the most important things to watch out for is hidden fees when sending money to Mali from Jamaica. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Mali using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your CFA Franc BCEAO foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best JMD to Mali exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.
Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Mali from Jamaica.
Should I use my bank to send money from Jamaica to Mali?
We do not recommend using your local bank in Jamaica for your next JMD 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 Jamaica to Mali (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 Mali. These companies will let you use your local bank account in Jamaica to pay for your Mali money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
How to send money from Jamaica to Mali fast?
It could be a stressful experience if you need to rush money quickly from Jamaica to Mali. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?First, you should ensure that you are picking the right payment method to convert JMD to XOF. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.
Similarly, on the receiving side, your recipient also has multiple options to collect their monies in CFA Franc BCEAO. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.
Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Jamaica to Mali money transfers.
Which are the best money transfer companies to send money to Mali from Jamaica?
Comparing money transfer companies for sending money to Mali from Jamaica 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 Jamaican Dollar 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 Jamaican Dollar that you send.
Step by step guide to send money from Jamaica to Mali
Follow the below easy steps to send money to Mali from Jamaica.- 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 Jamaica bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Mali).
- 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.