Compare today's MZN to XOF (Mozambique Metical to CFA Franc BCEAO) exchange rates
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 Senegal. 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.
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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 MZN | 8.73 XOF |
| 5 MZN | 43.64 XOF |
| 10 MZN | 87.27 XOF |
| 25 MZN | 218.18 XOF |
| 50 MZN | 436.36 XOF |
| 100 MZN | 872.72 XOF |
| 150 MZN | 1,309.08 XOF |
| 200 MZN | 1,745.44 XOF |
| 250 MZN | 2,181.80 XOF |
| 300 MZN | 2,618.16 XOF |
| 400 MZN | 3,490.88 XOF |
| 500 MZN | 4,363.60 XOF |
| 600 MZN | 5,236.32 XOF |
| 700 MZN | 6,109.04 XOF |
| 800 MZN | 6,981.76 XOF |
| 1,000 MZN | 8,727.20 XOF |
| 1,500 MZN | 13,090.80 XOF |
| 2,000 MZN | 17,454.40 XOF |
| 2,500 MZN | 21,818.00 XOF |
| 3,000 MZN | 26,181.60 XOF |
| 4,000 MZN | 34,908.80 XOF |
| 5,000 MZN | 43,636.00 XOF |
| 10,000 MZN | 87,272.00 XOF |
| 15,000 MZN | 130,908.00 XOF |
| 20,000 MZN | 174,544.00 XOF |
| 30,000 MZN | 261,816.00 XOF |
| 40,000 MZN | 349,088.00 XOF |
| 50,000 MZN | 436,360.00 XOF |
| 100,000 MZN | 872,720.00 XOF |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to transfer money from Mozambique to Senegal?
Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Mozambique to Senegal. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Mozambique Metical to XOF.You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send MZN to XOF in Senegal. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.
With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Senegal from Mozambique. We provide you with maximum choices to send money to Senegal by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best exchange rate for your money transfers from Mozambique to Senegal?
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 Mozambique to Senegal 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 MZN 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 Mozambique Metical 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 from Mozambique to Senegal?
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 Senegal 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 Senegal 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.
How to send money to Senegal from Mozambique through a bank?
There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low MZN to XOF exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Mozambique to Senegal money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.
Most of the remittance companies today offer bank to bank transfers for sending money to Senegal from Mozambique. They do this by letting you fund your transaction through your local bank account in Mozambique, and by allowing you to choose the payout to be your recipient's bank account in Senegal. But, you are likely to get much better rates and lower fees compared to your bank.
What is the fastest way to do a money transfer to Senegal from Mozambique?
The speed of your Mozambique Metical to CFA Franc BCEAO 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 MZN to XOF. 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 Senegal from Mozambique 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 Senegal 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 XOF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Mozambique bank to Senegal bank transfer.
Which are the best money transfer companies to send money from Mozambique to Senegal?
Since the Mozambique Metical to CFA Franc BCEAO 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 Mozambique that may also be able to send money to Senegal. 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 MZN to XOF money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Senegal gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Mozambique to Senegal transaction.
Step by step guide to send money to Senegal from Mozambique
Follow the below easy steps to send money to Senegal from Mozambique.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Mozambique bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Senegal).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.