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

Compare today's XOF to AMD (CFA Franc BCEAO to Armenian Dram) exchange rates

Mali
Armenia
XOF

Interbank Exchange Rate: 1 XOF = 0.6810 AMD
Updated about an hour ago

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All you need to know about CFA Franc BCEAO to Armenian Dram money transfers

Easily compare money transfer providers in one place to send money from Mali to Armenia. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Armenian Dram (AMD) 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 Mali.

Were you looking to send money from Armenia to Mali 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 XOF to AMD Conversion Rates

Here are some latest XOF to AMD (CFA Franc BCEAO to Armenian Dram) exchange rates for popular conversion amounts*.

1 XOF0.68 AMD
5 XOF3.41 AMD
10 XOF6.81 AMD
25 XOF17.03 AMD
50 XOF34.05 AMD
100 XOF68.10 AMD
150 XOF102.15 AMD
200 XOF136.20 AMD
250 XOF170.25 AMD
300 XOF204.30 AMD
400 XOF272.40 AMD
500 XOF340.50 AMD
600 XOF408.60 AMD
700 XOF476.70 AMD
800 XOF544.80 AMD
1,000 XOF681.00 AMD
1,500 XOF1,021.50 AMD
2,000 XOF1,362.00 AMD
2,500 XOF1,702.50 AMD
3,000 XOF2,043.00 AMD
4,000 XOF2,724.00 AMD
5,000 XOF3,405.00 AMD
10,000 XOF6,810.00 AMD
15,000 XOF10,215.00 AMD
20,000 XOF13,620.00 AMD
30,000 XOF20,430.00 AMD
40,000 XOF27,240.00 AMD
50,000 XOF34,050.00 AMD
100,000 XOF68,100.00 AMD

*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 Mali to Armenia?

It can be very confusing when sending money from Mali to Armenia given so many choices. Additionally, CFA Franc BCEAO to AMD 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 Mali to Armenia 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 Armenia from Mali. 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 CFA Franc BCEAO to Armenian Dram remittances.


How to get the best exchange rate for your money transfers from Mali to Armenia?

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 Armenia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Mali to Armenia 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 XOF to Armenian Dram 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 Mali to Armenia?

When you want to send money to Armenia from Mali, you obviously want the cheapest possible option to maximize the money your recipient gets in Armenian Dram. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your XOF to AMD money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Mali to Armenia. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Mali to Armenia exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Armenian Dram overseas.


Should I use my bank to send money from Mali to Armenia?

We do not recommend using your local bank in Mali for your next XOF to AMD 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 Mali to Armenia (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 AMD to Armenia. These companies will let you use your local bank account in Mali to pay for your Armenia 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 Mali to Armenia?

It could be a stressful experience if you need to rush money quickly from Mali to Armenia. 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 XOF to AMD. 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 Armenian Dram. 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 Mali to Armenia money transfers.


Which are the best money transfer companies to transfer money to Armenia from Mali?

Comparing money transfer companies for sending money to Armenia from Mali can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Armenia. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your CFA Franc BCEAO to Armenian Dram transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Armenian Dram yield on every CFA Franc BCEAO that you send.


Step by step guide to do a money transfer from Mali to Armenia

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Mali to Armenia, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Mali to Armenia that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Armenia where they can receive monies in Armenian Dram.
  • Then, provide details of your Mali bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your XOF travel to another part of the globe.