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Compare today's XOF to VEF (CFA Franc BCEAO to Venezuelan Bolivar) exchange rates

Mali
Venezuela
XOF

Interbank Exchange Rate: 1 XOF = 114,319.9215 VEF
Updated over 24 hours ago

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All you need to know about CFA Franc BCEAO to Venezuelan Bolivar money transfers

Easily compare money transfer providers in one place to send money from Mali to Venezuela. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Venezuelan Bolivar (VEF) 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 Venezuela 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 VEF Conversion Rates

Here are some latest XOF to VEF (CFA Franc BCEAO to Venezuelan Bolivar) exchange rates for popular conversion amounts*.

1 XOF114,319.92 VEF
5 XOF571,599.61 VEF
10 XOF1,143,199.21 VEF
25 XOF2,857,998.04 VEF
50 XOF5,715,996.08 VEF
100 XOF11,431,992.15 VEF
150 XOF17,147,988.22 VEF
200 XOF22,863,984.30 VEF
250 XOF28,579,980.38 VEF
300 XOF34,295,976.45 VEF
400 XOF45,727,968.60 VEF
500 XOF57,159,960.75 VEF
600 XOF68,591,952.90 VEF
700 XOF80,023,945.05 VEF
800 XOF91,455,937.20 VEF
1,000 XOF114,319,921.50 VEF
1,500 XOF171,479,882.25 VEF
2,000 XOF228,639,843.00 VEF
2,500 XOF285,799,803.75 VEF
3,000 XOF342,959,764.50 VEF
4,000 XOF457,279,686.00 VEF
5,000 XOF571,599,607.50 VEF
10,000 XOF1,143,199,215.00 VEF
15,000 XOF1,714,798,822.50 VEF
20,000 XOF2,286,398,430.00 VEF
30,000 XOF3,429,597,645.00 VEF
40,000 XOF4,572,796,860.00 VEF
50,000 XOF5,715,996,075.00 VEF
100,000 XOF11,431,992,150.00 VEF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Mali to Venezuela money transfers?

Sending money internationally to Venezuela from Mali 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 CFA Franc BCEAO to VEF 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 Venezuela. 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 Venezuelan Bolivar.


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

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 Venezuela.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Mali to Venezuela 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 Venezuelan Bolivar 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 transfer money from Mali to Venezuela?

The final amount your recipient gets when you send XOF to VEF 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 Mali to Venezuela 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 Venezuelan Bolivar 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 CFA Franc BCEAO to Venezuela 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.


How to send money to Venezuela from Mali through a bank?

We do not recommend using your local bank in Mali for your next XOF to VEF 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 Venezuela (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 VEF to Venezuela. These companies will let you use your local bank account in Mali to pay for your Venezuela money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Mali to Venezuela fast?

The speed of your CFA Franc BCEAO to Venezuelan Bolivar funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert XOF to VEF. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Venezuela from Mali is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Venezuela if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout VEF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Mali bank to Venezuela bank transfer.


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

Since the CFA Franc BCEAO to Venezuelan Bolivar money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Mali that may also be able to send money to Venezuela. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your XOF to VEF money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Venezuela gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Mali to Venezuela transaction.


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

With so many possible ways to transfer CFA Franc BCEAO to Venezuelan Bolivar, 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 Mali to Venezuela 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 Mali and the receiver in Venezuela. 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 XOF to Venezuelan Bolivar money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.