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Compare today's MZN to XOF (Mozambique Metical to CFA Franc BCEAO) exchange rates

Mozambique
Equatorial Guinea
MZN

Interbank Exchange Rate: 1 MZN = 8.7272 XOF
Updated about an hour ago

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All you need to know about Mozambique Metical to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Mozambique to Equatorial Guinea. Send money overseas to your loved ones by comparing Mozambique Metical (MZN) 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 Mozambique.

Were you looking to send money from Equatorial Guinea to Mozambique 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 MZN to XOF Conversion Rates

Here are some latest MZN to XOF (Mozambique Metical to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 MZN8.73 XOF
5 MZN43.64 XOF
10 MZN87.27 XOF
25 MZN218.18 XOF
50 MZN436.36 XOF
100 MZN872.72 XOF
150 MZN1,309.08 XOF
200 MZN1,745.44 XOF
250 MZN2,181.80 XOF
300 MZN2,618.16 XOF
400 MZN3,490.88 XOF
500 MZN4,363.60 XOF
600 MZN5,236.32 XOF
700 MZN6,109.04 XOF
800 MZN6,981.76 XOF
1,000 MZN8,727.20 XOF
1,500 MZN13,090.80 XOF
2,000 MZN17,454.40 XOF
2,500 MZN21,818.00 XOF
3,000 MZN26,181.60 XOF
4,000 MZN34,908.80 XOF
5,000 MZN43,636.00 XOF
10,000 MZN87,272.00 XOF
15,000 MZN130,908.00 XOF
20,000 MZN174,544.00 XOF
30,000 MZN261,816.00 XOF
40,000 MZN349,088.00 XOF
50,000 MZN436,360.00 XOF
100,000 MZN872,720.00 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 Mozambique to Equatorial Guinea?

With the global remittance market booming, there are so many choices for Mozambique Metical to XOF money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Equatorial Guinea from Mozambique. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final XOF amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best exchange rate for sending money from Mozambique to Equatorial Guinea?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your MZN to CFA Franc BCEAO money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Mozambique to Equatorial Guinea. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for MZN to XOF remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


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

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Mozambique to Equatorial Guinea via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Mozambique Metical to CFA Franc BCEAO remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Mozambique to Equatorial Guinea exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for MZN to XOF remittances.


Should I use my bank to send money from Mozambique to Equatorial Guinea?

Bank transfers have been a traditionally popular way to send money overseas from Mozambique 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 MZN 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 Mozambique 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.


What is the fastest way to transfer money from Mozambique to Equatorial Guinea?

It could be a stressful experience if you need to rush money quickly from Mozambique to Equatorial Guinea. 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 MZN 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 Mozambique to Equatorial Guinea money transfers.


Which are the best money transfer companies to transfer money to Equatorial Guinea from Mozambique?

Comparing money transfer companies for sending money to Equatorial Guinea from Mozambique 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 Equatorial Guinea. 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 Mozambique Metical to CFA Franc BCEAO 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 CFA Franc BCEAO yield on every Mozambique Metical that you send.


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

With so many possible ways to transfer Mozambique Metical 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 Mozambique 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 Mozambique 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 MZN 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.