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Compare today's MWK to XOF (Malawian Kwacha to CFA Franc BCEAO) exchange rates

Malawi
Burkina Faso
MWK

Interbank Exchange Rate: 1 MWK = 0.3206 XOF
Updated about 1 hours ago

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All you need to know about Malawian Kwacha to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Malawi to Burkina Faso. Send money overseas to your loved ones by comparing Malawian Kwacha (MWK) 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 Malawi.

Were you looking to send money from Burkina Faso to Malawi 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 MWK to XOF Conversion Rates

Here are some latest MWK to XOF (Malawian Kwacha to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 MWK0.32 XOF
5 MWK1.60 XOF
10 MWK3.21 XOF
25 MWK8.02 XOF
50 MWK16.03 XOF
100 MWK32.06 XOF
150 MWK48.09 XOF
200 MWK64.12 XOF
250 MWK80.15 XOF
300 MWK96.18 XOF
400 MWK128.24 XOF
500 MWK160.30 XOF
600 MWK192.36 XOF
700 MWK224.42 XOF
800 MWK256.48 XOF
1,000 MWK320.60 XOF
1,500 MWK480.90 XOF
2,000 MWK641.20 XOF
2,500 MWK801.50 XOF
3,000 MWK961.80 XOF
4,000 MWK1,282.40 XOF
5,000 MWK1,603.00 XOF
10,000 MWK3,206.00 XOF
15,000 MWK4,809.00 XOF
20,000 MWK6,412.00 XOF
30,000 MWK9,618.00 XOF
40,000 MWK12,824.00 XOF
50,000 MWK16,030.00 XOF
100,000 MWK32,060.00 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 Malawi to Burkina Faso money transfers?

With the global remittance market booming, there are so many choices for Malawian Kwacha 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 Burkina Faso from Malawi. 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 your money transfers from Malawi to Burkina Faso?

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 Burkina Faso.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Malawi to Burkina Faso 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 MWK 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 Malawi to Burkina Faso?

One of the most important things to watch out for is hidden fees when sending money to Burkina Faso from Malawi. 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 Burkina Faso 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 MWK to Burkina Faso 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 Burkina Faso from Malawi.


Should I use my bank to send money from Malawi to Burkina Faso?

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 MWK 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 Malawi to Burkina Faso 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 Burkina Faso from Malawi. They do this by letting you fund your transaction through your local bank account in Malawi, and by allowing you to choose the payout to be your recipient's bank account in Burkina Faso. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to transfer money from Malawi to Burkina Faso?

The speed of your Malawian Kwacha 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 MWK 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 Burkina Faso from Malawi 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 Burkina Faso 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 Malawi bank to Burkina Faso bank transfer.


Which are the best money transfer companies to transfer money to Burkina Faso from Malawi?

Malawi to Burkina Faso 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 Burkina Faso 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 Malawian Kwacha 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 transfer money to Burkina Faso from Malawi

There are many important aspects of Malawi to Burkina Faso 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 - Malawi 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 Malawian Kwacha amount you want to send from Malawi.
  • 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 Burkina Faso to validate that they get the money once the transaction clears.