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

Compare today's MOP to XOF (Macanese Pataca to CFA Franc BCEAO) exchange rates

Macao
Benin
MOP

Interbank Exchange Rate: 1 MOP = 69.0983 XOF
Updated about 1 hours ago

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All you need to know about Macanese Pataca to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Macao to Benin. Send money overseas to your loved ones by comparing Macanese Pataca (MOP) 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 Macao.

Were you looking to send money from Benin to Macao 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 MOP to XOF Conversion Rates

Here are some latest MOP to XOF (Macanese Pataca to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 MOP69.10 XOF
5 MOP345.49 XOF
10 MOP690.98 XOF
25 MOP1,727.46 XOF
50 MOP3,454.92 XOF
100 MOP6,909.83 XOF
150 MOP10,364.74 XOF
200 MOP13,819.66 XOF
250 MOP17,274.57 XOF
300 MOP20,729.49 XOF
400 MOP27,639.32 XOF
500 MOP34,549.15 XOF
600 MOP41,458.98 XOF
700 MOP48,368.81 XOF
800 MOP55,278.64 XOF
1,000 MOP69,098.30 XOF
1,500 MOP103,647.45 XOF
2,000 MOP138,196.60 XOF
2,500 MOP172,745.75 XOF
3,000 MOP207,294.90 XOF
4,000 MOP276,393.20 XOF
5,000 MOP345,491.50 XOF
10,000 MOP690,983.00 XOF
15,000 MOP1,036,474.50 XOF
20,000 MOP1,381,966.00 XOF
30,000 MOP2,072,949.00 XOF
40,000 MOP2,763,932.00 XOF
50,000 MOP3,454,915.00 XOF
100,000 MOP6,909,830.00 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 Macao?

It can be very confusing when sending money from Macao to Benin given so many choices. Additionally, Macanese Pataca 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 Macao 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 Macao. 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 Macanese Pataca to CFA Franc BCEAO remittances.


How to get the best exchange rate for sending money from Macao 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 Macao 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 MOP 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 to transfer money from Macao to Benin?

When you want to send money to Benin from Macao, 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 MOP 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 Macao to Benin. 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 Macao to Benin 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 Macao to Benin?

Bank transfers have been a traditionally popular way to send money overseas from Macao 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 MOP 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 Macao 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 transfer money from Macao to Benin?

If you need to convert MOP 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 Macao to Benin 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 Macanese Pataca 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 Benin.

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

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Macao to Benin, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Macanese Pataca to CFA Franc BCEAO exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your XOF money transfers to Benin. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Benin getting more money for every Macanese Pataca you send.


Step by step guide to send money from Macao to Benin

Follow the below easy steps to send money to Benin from Macao.

  • 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 Macao 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.

The provider will then work on your MOP 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.