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Compare today's PGK to XOF (Papua New Guinean Kina to CFA Franc BCEAO) exchange rates

Papua New Guinea
Benin
PGK

Interbank Exchange Rate: 1 PGK = 129.5736 XOF
Updated about an hour ago

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All you need to know about Papua New Guinean Kina to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Papua New Guinea to Benin. Send money overseas to your loved ones by comparing Papua New Guinean Kina (PGK) 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 Papua New Guinea.

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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 PGK to XOF Conversion Rates

Here are some latest PGK to XOF (Papua New Guinean Kina to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 PGK129.57 XOF
5 PGK647.87 XOF
10 PGK1,295.74 XOF
25 PGK3,239.34 XOF
50 PGK6,478.68 XOF
100 PGK12,957.36 XOF
150 PGK19,436.04 XOF
200 PGK25,914.72 XOF
250 PGK32,393.40 XOF
300 PGK38,872.08 XOF
400 PGK51,829.44 XOF
500 PGK64,786.80 XOF
600 PGK77,744.16 XOF
700 PGK90,701.52 XOF
800 PGK103,658.88 XOF
1,000 PGK129,573.60 XOF
1,500 PGK194,360.40 XOF
2,000 PGK259,147.20 XOF
2,500 PGK323,934.00 XOF
3,000 PGK388,720.80 XOF
4,000 PGK518,294.40 XOF
5,000 PGK647,868.00 XOF
10,000 PGK1,295,736.00 XOF
15,000 PGK1,943,604.00 XOF
20,000 PGK2,591,472.00 XOF
30,000 PGK3,887,208.00 XOF
40,000 PGK5,182,944.00 XOF
50,000 PGK6,478,680.00 XOF
100,000 PGK12,957,360.00 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 to Benin from Papua New Guinea?

It can be very confusing when sending money from Papua New Guinea to Benin given so many choices. Additionally, Papua New Guinean Kina 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 Papua New Guinea to Benin 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 Benin from Papua New Guinea. 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 Papua New Guinean Kina to CFA Franc BCEAO remittances.


How to get the best rate to transfer money to Benin from Papua New Guinea?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Benin from Papua New Guinea. 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 PGK 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 Papua New Guinea to Benin 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 Papua New Guinea to Benin?

The final amount your recipient gets when you send PGK 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 Papua New Guinea to Benin 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 Papua New Guinean Kina to Benin 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 Papua New Guinea to Benin?

We do not recommend using your local bank in Papua New Guinea for your next PGK to XOF overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Papua New Guinea to Benin (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending XOF to Benin. These companies will let you use your local bank account in Papua New Guinea to pay for your Benin money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to transfer money from Papua New Guinea to Benin?

It could be a stressful experience if you need to rush money quickly from Papua New Guinea to Benin. 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 PGK 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 Papua New Guinea to Benin money transfers.


Which are the best money transfer companies to transfer money to Benin from Papua New Guinea?

Papua New Guinea to Benin money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Benin as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Papua New Guinean Kina to CFA Franc BCEAO money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to transfer money to Benin from Papua New Guinea

There are many important aspects of Papua New Guinea to Benin 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 - Papua New Guinea 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 Papua New Guinean Kina amount you want to send from Papua New Guinea.
  • 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.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Benin to validate that they get the money once the transaction clears.