Compare today's MYR to XOF (Malaysian Ringgit to CFA Franc BCEAO) exchange rates
Interbank Exchange Rate: 1 MYR = 137.4197 XOF
Updated about an hour ago
Found 4 Remittance Service Providers
1000 MYR =
137 064.70 XOF
Transfer Limit (MYR): 1 - 50000
Locked-In Rate1 MYR = 137.0647 XOF
1000 MYR =
135 358.40 XOF
Transfer Limit (MYR): No Limits
Indicative Rate1 MYR = 135.3584 XOF
📢 B2B transfers only
1000 MYR =
134 168.70 XOF
Transfer Limit (MYR): No Limits
Locked-In Rate1 MYR = 134.1687 XOF
📢 Special exchange rate applied for first transfer
1000 MYR =
133 048.00 XOF
Transfer Limit (MYR): 1 - 1000000
Locked-In Rate1 MYR = 133.0480 XOF
0 Remit Service Providers did not match the search criteria.
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 Senegal. 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.
When making a money transfer to Senegal from Malaysia, we currently have 4 remittance service providers available.
Ria Money Transfer currently offers the most competitive rate for sending money to Senegal and their 1 MYR to XOF exchange rate today is 137.0647.
The next best Malaysian Ringgit to CFA Franc BCEAO exchange rate today for money transfers to Senegal is offered by Verto (1 MYR = 135.3584 XOF).
WorldRemit and Wise are amongst other competitive providers to consider for Malaysia to Senegal money transfers.
Were you looking to send money from Senegal 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 MYR | 137.42 XOF |
| 5 MYR | 687.10 XOF |
| 10 MYR | 1,374.20 XOF |
| 25 MYR | 3,435.49 XOF |
| 50 MYR | 6,870.99 XOF |
| 100 MYR | 13,741.97 XOF |
| 150 MYR | 20,612.96 XOF |
| 200 MYR | 27,483.94 XOF |
| 250 MYR | 34,354.93 XOF |
| 300 MYR | 41,225.91 XOF |
| 400 MYR | 54,967.88 XOF |
| 500 MYR | 68,709.85 XOF |
| 600 MYR | 82,451.82 XOF |
| 700 MYR | 96,193.79 XOF |
| 800 MYR | 109,935.76 XOF |
| 1,000 MYR | 137,419.70 XOF |
| 1,500 MYR | 206,129.55 XOF |
| 2,000 MYR | 274,839.40 XOF |
| 2,500 MYR | 343,549.25 XOF |
| 3,000 MYR | 412,259.10 XOF |
| 4,000 MYR | 549,678.80 XOF |
| 5,000 MYR | 687,098.50 XOF |
| 10,000 MYR | 1,374,197.00 XOF |
| 15,000 MYR | 2,061,295.50 XOF |
| 20,000 MYR | 2,748,394.00 XOF |
| 30,000 MYR | 4,122,591.00 XOF |
| 40,000 MYR | 5,496,788.00 XOF |
| 50,000 MYR | 6,870,985.00 XOF |
| 100,000 MYR | 13,741,970.00 XOF |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to transfer money from Malaysia to Senegal?
With the global remittance market booming, there are so many choices for Malaysian Ringgit 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 Senegal from Malaysia. 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 sending money from Malaysia to Senegal?
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 Senegal 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 to transfer money from Malaysia to Senegal?
One of the most important things to watch out for is hidden fees when sending money to Senegal 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 Senegal 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 Senegal 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 Senegal from Malaysia.
Should I use my bank to send money from Malaysia to Senegal?
Bank transfers have been a traditionally popular way to send money overseas from Malaysia to Senegal. 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 MYR 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 Malaysia bank for your Senegal 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.
How to send money to Senegal from Malaysia fast?
If you need to convert MYR 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 Malaysia to Senegal 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 Malaysian Ringgit 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 Senegal.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Malaysia to Senegal. 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 to Senegal from Malaysia?
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 Malaysia to Senegal, 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 Malaysian Ringgit 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 Senegal. 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 Senegal getting more money for every Malaysian Ringgit you send.
Step by step guide to do a money transfer from Malaysia to Senegal
Follow the below easy steps to send money to Senegal from Malaysia.- 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 Malaysia bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Senegal).
- 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.