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Compare today's XOF to AMD (CFA Franc BCEAO to Armenian Dram) exchange rates

Senegal
Armenia
XOF

Interbank Exchange Rate: 1 XOF = 0.6788 AMD
Updated about an hour ago

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All you need to know about CFA Franc BCEAO to Armenian Dram money transfers

Easily compare money transfer providers in one place to send money from Senegal to Armenia. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Armenian Dram (AMD) 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 Senegal.

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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 XOF to AMD Conversion Rates

Here are some latest XOF to AMD (CFA Franc BCEAO to Armenian Dram) exchange rates for popular conversion amounts*.

1 XOF0.68 AMD
5 XOF3.39 AMD
10 XOF6.79 AMD
25 XOF16.97 AMD
50 XOF33.94 AMD
100 XOF67.88 AMD
150 XOF101.82 AMD
200 XOF135.76 AMD
250 XOF169.70 AMD
300 XOF203.64 AMD
400 XOF271.52 AMD
500 XOF339.40 AMD
600 XOF407.28 AMD
700 XOF475.16 AMD
800 XOF543.04 AMD
1,000 XOF678.80 AMD
1,500 XOF1,018.20 AMD
2,000 XOF1,357.60 AMD
2,500 XOF1,697.00 AMD
3,000 XOF2,036.40 AMD
4,000 XOF2,715.20 AMD
5,000 XOF3,394.00 AMD
10,000 XOF6,788.00 AMD
15,000 XOF10,182.00 AMD
20,000 XOF13,576.00 AMD
30,000 XOF20,364.00 AMD
40,000 XOF27,152.00 AMD
50,000 XOF33,940.00 AMD
100,000 XOF67,880.00 AMD

*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 Senegal to Armenia?

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 Senegal to Armenia. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer CFA Franc BCEAO to AMD.

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 XOF to AMD in Armenia. 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 Armenia from Senegal. We provide you with maximum choices to send money to Armenia by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best remit rate for transferring money from Senegal to Armenia?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Armenia from Senegal. 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 XOF to Armenian Dram 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 Senegal to Armenia corridor to give you more good choices for your next AMD 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 Senegal to Armenia?

Finding the cheapest way to send money from Senegal to Armenia might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer XOF to AMD via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Senegal to Armenia exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money to Armenia from Senegal through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Senegal to Armenia. 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 XOF to AMD 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 Senegal bank for your Armenia 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 Armenia from Senegal fast?

The speed of your CFA Franc BCEAO to Armenian Dram 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 XOF to AMD. 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 Armenia from Senegal 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 Armenia 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 AMD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Senegal bank to Armenia bank transfer.


Which are the best money transfer companies to transfer money to Armenia from Senegal?

Comparing money transfer companies for sending money to Armenia from Senegal 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 Armenia. 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 CFA Franc BCEAO to Armenian Dram 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 Armenian Dram yield on every CFA Franc BCEAO that you send.


Step by step guide to transfer money to Armenia from Senegal

The first step to send money to Armenia from Senegal is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your XOF to AMD overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Armenia if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Senegal bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Armenia!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Senegal to Armenia.