Compare today's XOF to VEF (CFA Franc BCEAO to Venezuelan Bolivar) exchange rates
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 Niger 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.
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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 XOF | 114,319.92 VEF |
| 5 XOF | 571,599.61 VEF |
| 10 XOF | 1,143,199.21 VEF |
| 25 XOF | 2,857,998.04 VEF |
| 50 XOF | 5,715,996.08 VEF |
| 100 XOF | 11,431,992.15 VEF |
| 150 XOF | 17,147,988.22 VEF |
| 200 XOF | 22,863,984.30 VEF |
| 250 XOF | 28,579,980.38 VEF |
| 300 XOF | 34,295,976.45 VEF |
| 400 XOF | 45,727,968.60 VEF |
| 500 XOF | 57,159,960.75 VEF |
| 600 XOF | 68,591,952.90 VEF |
| 700 XOF | 80,023,945.05 VEF |
| 800 XOF | 91,455,937.20 VEF |
| 1,000 XOF | 114,319,921.50 VEF |
| 1,500 XOF | 171,479,882.25 VEF |
| 2,000 XOF | 228,639,843.00 VEF |
| 2,500 XOF | 285,799,803.75 VEF |
| 3,000 XOF | 342,959,764.50 VEF |
| 4,000 XOF | 457,279,686.00 VEF |
| 5,000 XOF | 571,599,607.50 VEF |
| 10,000 XOF | 1,143,199,215.00 VEF |
| 15,000 XOF | 1,714,798,822.50 VEF |
| 20,000 XOF | 2,286,398,430.00 VEF |
| 30,000 XOF | 3,429,597,645.00 VEF |
| 40,000 XOF | 4,572,796,860.00 VEF |
| 50,000 XOF | 5,715,996,075.00 VEF |
| 100,000 XOF | 11,431,992,150.00 VEF |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to send money to Venezuela from Niger?
With the global remittance market booming, there are so many choices for CFA Franc BCEAO to VEF 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 Venezuela from Niger. 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 VEF 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 Niger 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 Niger 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 send money to Venezuela from Niger?
When you want to send money to Venezuela from Niger, you obviously want the cheapest possible option to maximize the money your recipient gets in Venezuelan Bolivar. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your XOF to VEF money transfers.Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Niger to Venezuela. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.
That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Niger to Venezuela exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Venezuelan Bolivar overseas.
Should I use my bank to transfer money from Niger to Venezuela?
One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Niger to Venezuela money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like XOF to VEF transfers.
Given this, there are umpteen additional options to send money to Venezuela instead of just your Niger bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your CFA Franc BCEAO even more so that your recipient in Venezuela gets the maximum amount.
How to send money to Venezuela from Niger fast?
If you need to convert XOF to VEF 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 Niger to Venezuela 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 CFA Franc BCEAO to Venezuelan Bolivar 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 Venezuela.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Niger to Venezuela. 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 transfer money from Niger to Venezuela?
The first step in selecting the best money transfer operators for Niger to Venezuela 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 CFA Franc BCEAO to Venezuelan Bolivar 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 Venezuela.
Step by step guide to send money from Niger to Venezuela
Follow the below easy steps to send money to Venezuela from Niger.- 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 Niger bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Venezuela).
- 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.