Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's EUR to XOF (Euro to CFA Franc BCEAO) exchange rates

Latvia
Benin
EUR

Interbank Exchange Rate: 1 EUR = 655.9571 XOF
Updated about an hour ago

Found 7 Remittance Service Providers

(*)(*)(*)(*)( )
1000 EUR =
662 520.00 XOF
Transfer Limit (EUR): 0 - 20000
Locked-In Rate1 EUR = 662.5200 XOF

📢 Special exchange rate applied for first transfer
(*)(*)(*)( )( )
1000 EUR =
657 915.40 XOF
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 657.9154 XOF

📢 New! Cash pickup available
(*)(*)(*)(*)( )
1000 EUR =
655 960.00 XOF
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 655.9600 XOF

📢 Special exchange rate applied for first transfer
(*)(*)(*)(*)(*)
1000 EUR =
654 645.00 XOF
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 654.6450 XOF

📢 B2B transfers only
( )( )( )( )( )
1000 EUR =
654 448.20 XOF
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 654.4482 XOF
(*)(*)(*)(*)(*)
1000 EUR =
643 651.80 XOF
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 643.6518 XOF

📢 B2B transfers only
(*)(*)(*)(*)( )
1000 EUR =
636 949.00 XOF
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 636.9490 XOF
1 Remit Service Providers did not match the search criteria.
(*)(*)(*)(*)(*)
1000 EUR =
655 300.90 XOF
Transfer Limit (EUR): 5781.5 - No Limit
Indicative Rate1 EUR = 655.3009 XOF

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about Euro to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Latvia to Benin. Send money overseas to your loved ones by comparing Euro (EUR) 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.

RemitFinder compared 7 money transfer operators to get you the best FX rates to send money from Latvia to Benin.

The best rate to send CFA Franc BCEAO from Euro to your loved ones in Benin is currently offered by Remitly; their 1 EUR to XOF exchange rate today is 662.5200.

XE Money Transfer offers the next most competitive Euro to CFA Franc BCEAO exchange rate today (currently 1 EUR = 657.9154 XOF).

Two other competitive providers for sending money from Latvia to Benin are WorldRemit and Verto.

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 Latvia.

Were you looking to send money from Benin to Latvia instead?

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 EUR to XOF Conversion Rates

Here are some latest EUR to XOF (Euro to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 EUR655.96 XOF
5 EUR3,279.79 XOF
10 EUR6,559.57 XOF
25 EUR16,398.93 XOF
50 EUR32,797.85 XOF
100 EUR65,595.71 XOF
150 EUR98,393.57 XOF
200 EUR131,191.42 XOF
250 EUR163,989.28 XOF
300 EUR196,787.13 XOF
400 EUR262,382.84 XOF
500 EUR327,978.55 XOF
600 EUR393,574.26 XOF
700 EUR459,169.97 XOF
800 EUR524,765.68 XOF
1,000 EUR655,957.10 XOF
1,500 EUR983,935.65 XOF
2,000 EUR1,311,914.20 XOF
2,500 EUR1,639,892.75 XOF
3,000 EUR1,967,871.30 XOF
4,000 EUR2,623,828.40 XOF
5,000 EUR3,279,785.50 XOF
10,000 EUR6,559,571.00 XOF
15,000 EUR9,839,356.50 XOF
20,000 EUR13,119,142.00 XOF
30,000 EUR19,678,713.00 XOF
40,000 EUR26,238,284.00 XOF
50,000 EUR32,797,855.00 XOF
100,000 EUR65,595,710.00 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 Latvia to Benin?

It can be very confusing when sending money from Latvia to Benin given so many choices. Additionally, Euro to XOF exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Latvia to Benin as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Benin from Latvia. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Euro to CFA Franc BCEAO remittances.


How to get the best exchange rate for your money transfers from Latvia to Benin?

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

The final amount your recipient gets when you send EUR 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 Latvia to Benin 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 Euro to Benin 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 transfer money from Latvia to Benin?

Bank transfers have been a traditionally popular way to send money overseas from Latvia to Benin. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the EUR to XOF exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Latvia bank for your Benin money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


What is the fastest way to do a money transfer to Benin from Latvia?

It could be a stressful experience if you need to rush money quickly from Latvia to Benin. 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 EUR 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 Latvia to Benin money transfers.


Which are the best money transfer companies to transfer money from Latvia to Benin?

Latvia to Benin 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 Benin 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 Euro 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 to Benin from Latvia

There are many important aspects of Latvia to Benin 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 - Latvia 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 Euro amount you want to send from Latvia.
  • 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 Benin to validate that they get the money once the transaction clears.