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Compare today's MAD to XOF (Moroccan Dirham to CFA Franc BCEAO) exchange rates

Morocco
Equatorial Guinea
MAD

Interbank Exchange Rate: 1 MAD = 60.6787 XOF
Updated about 1 hours 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 Equatorial Guinea. 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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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 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 MAD60.68 XOF
5 MAD303.39 XOF
10 MAD606.79 XOF
25 MAD1,516.97 XOF
50 MAD3,033.94 XOF
100 MAD6,067.87 XOF
150 MAD9,101.81 XOF
200 MAD12,135.74 XOF
250 MAD15,169.68 XOF
300 MAD18,203.61 XOF
400 MAD24,271.48 XOF
500 MAD30,339.35 XOF
600 MAD36,407.22 XOF
700 MAD42,475.09 XOF
800 MAD48,542.96 XOF
1,000 MAD60,678.70 XOF
1,500 MAD91,018.05 XOF
2,000 MAD121,357.40 XOF
2,500 MAD151,696.75 XOF
3,000 MAD182,036.10 XOF
4,000 MAD242,714.80 XOF
5,000 MAD303,393.50 XOF
10,000 MAD606,787.00 XOF
15,000 MAD910,180.50 XOF
20,000 MAD1,213,574.00 XOF
30,000 MAD1,820,361.00 XOF
40,000 MAD2,427,148.00 XOF
50,000 MAD3,033,935.00 XOF
100,000 MAD6,067,870.00 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 Morocco to Equatorial Guinea?

It can be very confusing when sending money from Morocco to Equatorial Guinea 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 Equatorial Guinea 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 Equatorial Guinea 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 exchange rate for your money transfers from Morocco to Equatorial Guinea?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Equatorial Guinea from Morocco. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your MAD to CFA Franc BCEAO money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Morocco to Equatorial Guinea corridor to give you more good choices for your next XOF money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money from Morocco to Equatorial Guinea?

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 Equatorial Guinea 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 Equatorial Guinea 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 Morocco to Equatorial Guinea?

Bank transfers have been a traditionally popular way to send money overseas from Morocco to Equatorial Guinea. 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 Equatorial Guinea 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 Equatorial Guinea from Morocco fast?

If you need to convert MAD 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 Morocco to Equatorial Guinea 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 Moroccan Dirham 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 Equatorial Guinea.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Morocco to Equatorial Guinea. 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 send money from Morocco to Equatorial Guinea?

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 Morocco to Equatorial Guinea, 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 Moroccan Dirham 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 Equatorial Guinea. 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 Equatorial Guinea getting more money for every Moroccan Dirham you send.


Step by step guide to send money from Morocco to Equatorial Guinea

With so many possible ways to transfer Moroccan Dirham to CFA Franc BCEAO, 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 Morocco to Equatorial Guinea 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 Morocco and the receiver in Equatorial Guinea. 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 MAD to CFA Franc BCEAO money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.