Compare today's MVR to XOF (Maldivian Rufiyaa to CFA Franc BCEAO) exchange rates
Interbank Exchange Rate: 1 MVR = 35.8694 XOF
Updated about an hour ago
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All you need to know about Maldivian Rufiyaa to CFA Franc BCEAO money transfers
Easily compare money transfer providers in one place to send money from Maldives to Senegal. Send money overseas to your loved ones by comparing Maldivian Rufiyaa (MVR) 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.
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Latest MVR to XOF Conversion Rates
Here are some latest MVR to XOF (Maldivian Rufiyaa to CFA Franc BCEAO) exchange rates for popular conversion amounts*.
| 1 MVR | 35.87 XOF |
| 5 MVR | 179.35 XOF |
| 10 MVR | 358.69 XOF |
| 25 MVR | 896.74 XOF |
| 50 MVR | 1,793.47 XOF |
| 100 MVR | 3,586.94 XOF |
| 150 MVR | 5,380.41 XOF |
| 200 MVR | 7,173.88 XOF |
| 250 MVR | 8,967.35 XOF |
| 300 MVR | 10,760.82 XOF |
| 400 MVR | 14,347.76 XOF |
| 500 MVR | 17,934.70 XOF |
| 600 MVR | 21,521.64 XOF |
| 700 MVR | 25,108.58 XOF |
| 800 MVR | 28,695.52 XOF |
| 1,000 MVR | 35,869.40 XOF |
| 1,500 MVR | 53,804.10 XOF |
| 2,000 MVR | 71,738.80 XOF |
| 2,500 MVR | 89,673.50 XOF |
| 3,000 MVR | 107,608.20 XOF |
| 4,000 MVR | 143,477.60 XOF |
| 5,000 MVR | 179,347.00 XOF |
| 10,000 MVR | 358,694.00 XOF |
| 15,000 MVR | 538,041.00 XOF |
| 20,000 MVR | 717,388.00 XOF |
| 30,000 MVR | 1,076,082.00 XOF |
| 40,000 MVR | 1,434,776.00 XOF |
| 50,000 MVR | 1,793,470.00 XOF |
| 100,000 MVR | 3,586,940.00 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 from Maldives to Senegal?
Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Maldives to Senegal. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Maldivian Rufiyaa to XOF.You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send MVR to XOF in Senegal. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.
With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Senegal from Maldives. We provide you with maximum choices to send money to Senegal by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best remit rate for transferring money from Maldives to Senegal?
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 Senegal.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Maldives to Senegal 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 MVR 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 send money from Maldives to Senegal?
The final amount your recipient gets when you send MVR 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 Maldives to Senegal 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 Maldivian Rufiyaa to Senegal 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.
Should I use my bank to send money from Maldives to Senegal?
Bank transfers have been a traditionally popular way to send money overseas from Maldives 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 MVR 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 Maldives 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.
What is the fastest way to transfer money from Maldives to Senegal?
It could be a stressful experience if you need to rush money quickly from Maldives to Senegal. 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 MVR 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 Maldives to Senegal money transfers.
Which are the best money transfer companies to send money from Maldives to Senegal?
The first step in selecting the best money transfer operators for Maldives to Senegal 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 Maldivian Rufiyaa 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 Senegal.
Step by step guide to do a money transfer from Maldives to Senegal
Follow the below easy steps to send money to Senegal from Maldives.- 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 Maldives 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.