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Compare today's XOF to MWK (CFA Franc BCEAO to Malawian Kwacha) exchange rates

Senegal
Malawi
XOF

Interbank Exchange Rate: 1 XOF = 3.1152 MWK
Updated about an hour ago

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All you need to know about CFA Franc BCEAO to Malawian Kwacha money transfers

Easily compare money transfer providers in one place to send money from Senegal to Malawi. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Malawian Kwacha (MWK) 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.

Were you looking to send money from Malawi to Senegal 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 XOF to MWK Conversion Rates

Here are some latest XOF to MWK (CFA Franc BCEAO to Malawian Kwacha) exchange rates for popular conversion amounts*.

1 XOF3.12 MWK
5 XOF15.58 MWK
10 XOF31.15 MWK
25 XOF77.88 MWK
50 XOF155.76 MWK
100 XOF311.52 MWK
150 XOF467.28 MWK
200 XOF623.04 MWK
250 XOF778.80 MWK
300 XOF934.56 MWK
400 XOF1,246.08 MWK
500 XOF1,557.60 MWK
600 XOF1,869.12 MWK
700 XOF2,180.64 MWK
800 XOF2,492.16 MWK
1,000 XOF3,115.20 MWK
1,500 XOF4,672.80 MWK
2,000 XOF6,230.40 MWK
2,500 XOF7,788.00 MWK
3,000 XOF9,345.60 MWK
4,000 XOF12,460.80 MWK
5,000 XOF15,576.00 MWK
10,000 XOF31,152.00 MWK
15,000 XOF46,728.00 MWK
20,000 XOF62,304.00 MWK
30,000 XOF93,456.00 MWK
40,000 XOF124,608.00 MWK
50,000 XOF155,760.00 MWK
100,000 XOF311,520.00 MWK

*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 Malawi?

There are many good choices when it comes to sending money from Senegal to Malawi. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your CFA Franc BCEAO to MWK money transfers.

We compare different remittance companies to bring you the best options to send money to Malawi from Senegal. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your CFA Franc BCEAO to Malawian Kwacha money transfers. You can take advantage of these deals and make the most of your hard earned money.


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

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 XOF to Malawian Kwacha 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 Senegal to Malawi. 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 XOF to MWK 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 from Senegal to Malawi?

One of the most important things to watch out for is hidden fees when sending money to Malawi from Senegal. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Malawi using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Malawian Kwacha foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best XOF to Malawi exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Malawi from Senegal.


Should I use my bank to transfer money from Senegal to Malawi?

Bank transfers have been a traditionally popular way to send money overseas from Senegal to Malawi. 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 MWK 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 Malawi 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 Malawi from Senegal fast?

It could be a stressful experience if you need to rush money quickly from Senegal to Malawi. 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 XOF to MWK. 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 Malawian Kwacha. 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 Senegal to Malawi money transfers.


Which are the best money transfer companies to send money from Senegal to Malawi?

Comparing money transfer companies for sending money to Malawi 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 Malawi. 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 Malawian Kwacha 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 Malawian Kwacha yield on every CFA Franc BCEAO that you send.


Step by step guide to send money from Senegal to Malawi

With so many possible ways to transfer CFA Franc BCEAO to Malawian Kwacha, 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 Senegal to Malawi 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 Senegal and the receiver in Malawi. 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 XOF to Malawian Kwacha money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.