Compare today's MAD to XOF (Moroccan Dirham to CFA Franc BCEAO) exchange rates
Interbank Exchange Rate: 1 MAD = 60.5540 XOF
Updated about an hour ago
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All you need to know about Moroccan Dirham to CFA Franc BCEAO money transfers
Easily compare money transfer providers in one place to send money from Morocco to Burkina Faso. Send money overseas to your loved ones by comparing Moroccan Dirham (MAD) 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.
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 Morocco.
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Latest MAD to XOF Conversion Rates
Here are some latest MAD to XOF (Moroccan Dirham to CFA Franc BCEAO) exchange rates for popular conversion amounts*.
| 1 MAD | 60.55 XOF |
| 5 MAD | 302.77 XOF |
| 10 MAD | 605.54 XOF |
| 25 MAD | 1,513.85 XOF |
| 50 MAD | 3,027.70 XOF |
| 100 MAD | 6,055.40 XOF |
| 150 MAD | 9,083.10 XOF |
| 200 MAD | 12,110.80 XOF |
| 250 MAD | 15,138.50 XOF |
| 300 MAD | 18,166.20 XOF |
| 400 MAD | 24,221.60 XOF |
| 500 MAD | 30,277.00 XOF |
| 600 MAD | 36,332.40 XOF |
| 700 MAD | 42,387.80 XOF |
| 800 MAD | 48,443.20 XOF |
| 1,000 MAD | 60,554.00 XOF |
| 1,500 MAD | 90,831.00 XOF |
| 2,000 MAD | 121,108.00 XOF |
| 2,500 MAD | 151,385.00 XOF |
| 3,000 MAD | 181,662.00 XOF |
| 4,000 MAD | 242,216.00 XOF |
| 5,000 MAD | 302,770.00 XOF |
| 10,000 MAD | 605,540.00 XOF |
| 15,000 MAD | 908,310.00 XOF |
| 20,000 MAD | 1,211,080.00 XOF |
| 30,000 MAD | 1,816,620.00 XOF |
| 40,000 MAD | 2,422,160.00 XOF |
| 50,000 MAD | 3,027,700.00 XOF |
| 100,000 MAD | 6,055,400.00 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 Morocco to Burkina Faso?
It can be very confusing when sending money from Morocco to Burkina Faso given so many choices. Additionally, Moroccan Dirham to XOF 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 Morocco to Burkina Faso 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 Burkina Faso from Morocco. 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 Moroccan Dirham to CFA Franc BCEAO remittances.
How to get the best remit rate for transferring money from Morocco to Burkina Faso?
With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Morocco to Burkina Faso transfers.RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your MAD to CFA Franc BCEAO international money transfers.
To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Moroccan Dirham to CFA Franc BCEAO exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.
What's the cheapest way to send money to Burkina Faso from Morocco?
The final amount your recipient gets when you send MAD 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 Morocco to Burkina Faso 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 Moroccan Dirham to Burkina Faso 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 transfer money from Morocco to Burkina Faso?
Bank transfers have been a traditionally popular way to send money overseas from Morocco to Burkina Faso. 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 MAD 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 Morocco bank for your Burkina Faso 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 from Morocco to Burkina Faso fast?
How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Morocco to Burkina Faso. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.To help you convert MAD to XOF fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.
If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Moroccan Dirham amount reaching Burkina Faso. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.
Hopefully, you do not find yourself in a crisis where you have to rush CFA Franc BCEAO quickly to Burkina Faso, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.
Which are the best money transfer companies to send money to Burkina Faso from Morocco?
The first step in selecting the best money transfer operators for Morocco to Burkina Faso 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 Moroccan Dirham 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 Burkina Faso.
Step by step guide to send money to Burkina Faso from Morocco
There are many important aspects of Morocco to Burkina Faso remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Morocco bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include XOF bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much Moroccan Dirham amount you want to send from Morocco.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.