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

Compare today's MYR to XOF (Malaysian Ringgit to CFA Franc BCEAO) exchange rates

Malaysia
Benin
MYR
Interbank Exchange Rate: 1 MYR = 136.7711 XOF
Updated about an hour ago

Found 4 Remittance Service Providers

RIAMONEYTX
Read more about Ria Money Transfer
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
136 227.10 XOF
Transfer Limit (MYR): 1 - 50000
Locked-In Rate1 MYR = 136.2271 XOF
verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
134 594.50 XOF
Transfer Limit (MYR): No Limits
Indicative Rate1 MYR = 134.5945 XOF

📢 B2B transfers only
WORLDREMIT
Read more about WorldRemit
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 MYR =
133 226.10 XOF
Transfer Limit (MYR): No Limits
Locked-In Rate1 MYR = 133.2261 XOF
Get 3 free transfers

📢 Special exchange rate applied for first transfer
TRANSFERWISE
Read more about Wise
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
132 590.00 XOF
Transfer Limit (MYR): 1 - 1000000
Locked-In Rate1 MYR = 132.5900 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 Malaysian Ringgit to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Malaysia to Benin. Send money overseas to your loved ones by comparing Malaysian Ringgit (MYR) 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 4 money transfer operators to get you the best FX rates to send money from Malaysia to Benin.

The best rate to send CFA Franc BCEAO from Malaysian Ringgit to your loved ones in Benin is currently offered by Ria Money Transfer; their 1 MYR to XOF exchange rate today is 136.2271.

Verto offers the next most competitive Malaysian Ringgit to CFA Franc BCEAO exchange rate today (currently 1 MYR = 134.5945 XOF).

Two other competitive providers for sending money from Malaysia to Benin are WorldRemit and Wise.

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

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.

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.


Latest MYR to XOF Conversion Rates

Here are some latest MYR to XOF (Malaysian Ringgit to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 MYR136.77 XOF
5 MYR683.86 XOF
10 MYR1,367.71 XOF
25 MYR3,419.28 XOF
50 MYR6,838.55 XOF
100 MYR13,677.11 XOF
150 MYR20,515.66 XOF
200 MYR27,354.22 XOF
250 MYR34,192.77 XOF
300 MYR41,031.33 XOF
400 MYR54,708.44 XOF
500 MYR68,385.55 XOF
600 MYR82,062.66 XOF
700 MYR95,739.77 XOF
800 MYR109,416.88 XOF
1,000 MYR136,771.10 XOF
1,500 MYR205,156.65 XOF
2,000 MYR273,542.20 XOF
2,500 MYR341,927.75 XOF
3,000 MYR410,313.30 XOF
4,000 MYR547,084.40 XOF
5,000 MYR683,855.50 XOF
10,000 MYR1,367,711.00 XOF
15,000 MYR2,051,566.50 XOF
20,000 MYR2,735,422.00 XOF
30,000 MYR4,103,133.00 XOF
40,000 MYR5,470,844.00 XOF
50,000 MYR6,838,555.00 XOF
100,000 MYR13,677,110.00 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 Malaysia?

There are many good choices when it comes to sending money from Malaysia to Benin. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Malaysian Ringgit to XOF money transfers.

We compare different remittance companies to bring you the best options to send money to Benin from Malaysia. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Malaysian Ringgit to CFA Franc BCEAO money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best exchange rate for sending money from Malaysia to Benin?

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 Benin from Malaysia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MYR 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 MYR 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 for transferring money to Benin from Malaysia?

One of the most important things to watch out for is hidden fees when sending money to Benin from Malaysia. 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 Benin 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 MYR to Benin 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 Benin from Malaysia.


How to send money from Malaysia to Benin 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 Malaysia to Benin 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 MYR to XOF transfers.

Given this, there are umpteen additional options to send money to Benin instead of just your Malaysia 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 Malaysian Ringgit even more so that your recipient in Benin gets the maximum amount.


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

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


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

The first step in selecting the best money transfer operators for Malaysia to Benin 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 Malaysian Ringgit 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 Benin.


Step by step guide to send money to Benin from Malaysia

With so many possible ways to transfer Malaysian Ringgit 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 Malaysia to Benin 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 Malaysia and the receiver in Benin. 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 MYR 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.