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

Malawi
Chad
MWK

Interbank Exchange Rate: 1 MWK = 0.3207 XOF
Updated about an hour 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 Chad. 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 Chad 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 MWK16.04 XOF
100 MWK32.07 XOF
150 MWK48.11 XOF
200 MWK64.14 XOF
250 MWK80.18 XOF
300 MWK96.21 XOF
400 MWK128.28 XOF
500 MWK160.35 XOF
600 MWK192.42 XOF
700 MWK224.49 XOF
800 MWK256.56 XOF
1,000 MWK320.70 XOF
1,500 MWK481.05 XOF
2,000 MWK641.40 XOF
2,500 MWK801.75 XOF
3,000 MWK962.10 XOF
4,000 MWK1,282.80 XOF
5,000 MWK1,603.50 XOF
10,000 MWK3,207.00 XOF
15,000 MWK4,810.50 XOF
20,000 MWK6,414.00 XOF
30,000 MWK9,621.00 XOF
40,000 MWK12,828.00 XOF
50,000 MWK16,035.00 XOF
100,000 MWK32,070.00 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 Chad from Malawi?

It can be very confusing when sending money from Malawi to Chad given so many choices. Additionally, Malawian Kwacha 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 Malawi to Chad 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 Chad from Malawi. 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 Malawian Kwacha to CFA Franc BCEAO remittances.


How to get the best remit rate for transferring money from Malawi to Chad?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Chad from Malawi.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MWK to CFA Franc BCEAO remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for MWK to XOF remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to transfer money from Malawi to Chad?

The final amount your recipient gets when you send MWK 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 Malawi to Chad 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 Malawian Kwacha to Chad 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.


How to send money to Chad from Malawi through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Malawi to Chad money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like MWK to XOF transfers.

Given this, there are umpteen additional options to send money to Chad instead of just your Malawi bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Malawian Kwacha even more so that your recipient in Chad gets the maximum amount.


What is the fastest way to transfer money from Malawi to Chad?

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 Chad 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 Chad 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 Chad bank transfer.


Which are the best money transfer companies to send money from Malawi to Chad?

The first step in selecting the best money transfer operators for Malawi to Chad remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Malawian Kwacha to CFA Franc BCEAO money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Chad.


Step by step guide to do a money transfer from Malawi to Chad

With so many possible ways to transfer Malawian Kwacha to CFA Franc BCEAO, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Malawi to Chad remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Malawi and the receiver in Chad. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your MWK to CFA Franc BCEAO money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.