Compare today's MWK to XOF (Malawian Kwacha to CFA Franc BCEAO) exchange rates
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 Niger. 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.
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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 MWK | 0.32 XOF |
| 5 MWK | 1.60 XOF |
| 10 MWK | 3.21 XOF |
| 25 MWK | 8.02 XOF |
| 50 MWK | 16.03 XOF |
| 100 MWK | 32.06 XOF |
| 150 MWK | 48.09 XOF |
| 200 MWK | 64.12 XOF |
| 250 MWK | 80.15 XOF |
| 300 MWK | 96.18 XOF |
| 400 MWK | 128.24 XOF |
| 500 MWK | 160.30 XOF |
| 600 MWK | 192.36 XOF |
| 700 MWK | 224.42 XOF |
| 800 MWK | 256.48 XOF |
| 1,000 MWK | 320.60 XOF |
| 1,500 MWK | 480.90 XOF |
| 2,000 MWK | 641.20 XOF |
| 2,500 MWK | 801.50 XOF |
| 3,000 MWK | 961.80 XOF |
| 4,000 MWK | 1,282.40 XOF |
| 5,000 MWK | 1,603.00 XOF |
| 10,000 MWK | 3,206.00 XOF |
| 15,000 MWK | 4,809.00 XOF |
| 20,000 MWK | 6,412.00 XOF |
| 30,000 MWK | 9,618.00 XOF |
| 40,000 MWK | 12,824.00 XOF |
| 50,000 MWK | 16,030.00 XOF |
| 100,000 MWK | 32,060.00 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 Niger money transfers?
Sending money internationally to Niger from Malawi 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 Malawian Kwacha 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 Niger. 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 exchange rate for sending money from Malawi to Niger?
With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Malawi to Niger transfers.RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your MWK to CFA Franc BCEAO international money transfers.
To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Malawian Kwacha to CFA Franc BCEAO exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.
What's the cheapest way to send money to Niger from Malawi?
One of the most important things to watch out for is hidden fees when sending money to Niger 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 Niger 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 Niger 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 Niger from Malawi.
How to send money from Malawi to Niger through a bank?
We do not recommend using your local bank in Malawi for your next MWK 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 Malawi to Niger (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 Niger. These companies will let you use your local bank account in Malawi to pay for your Niger money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
What is the fastest way to transfer money from Malawi to Niger?
It could be a stressful experience if you need to rush money quickly from Malawi to Niger. 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 MWK 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 Malawi to Niger money transfers.
Which are the best money transfer companies to transfer money to Niger from Malawi?
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 Malawi to Niger, 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 Malawian Kwacha 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 Niger. 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 Niger getting more money for every Malawian Kwacha you send.
Step by step guide to send money to Niger from Malawi
Follow the below easy steps to send money to Niger from Malawi.- 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 Malawi bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Niger).
- 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.