Compare today's XOF to MYR (CFA Franc BCEAO to Malaysian Ringgit) exchange rates
Interbank Exchange Rate: 1 XOF = 0.0074 MYR
Updated about an hour ago
Found 1 Remittance Service Providers
1000 XOF =
7.20 MYR
Transfer Limit (XOF): No Limits
Indicative Rate1 XOF = 0.0072 MYR
📢 B2B transfers only
0 Remit Service Providers did not match the search criteria.
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
All you need to know about CFA Franc BCEAO to Malaysian Ringgit money transfers
Easily compare money transfer providers in one place to send money from Senegal to Malaysia. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Malaysian Ringgit (MYR) 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.
When making a money transfer to Malaysia from Senegal, we currently have 1 remittance service providers available.
Verto currently offers the most competitive rate for sending money to Malaysia and their 1 XOF to MYR exchange rate today is 0.0072.
Were you looking to send money from Malaysia to Senegal instead?
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.
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.
Latest XOF to MYR Conversion Rates
Here are some latest XOF to MYR (CFA Franc BCEAO to Malaysian Ringgit) exchange rates for popular conversion amounts*.
| 1 XOF | 0.01 MYR |
| 5 XOF | 0.04 MYR |
| 10 XOF | 0.07 MYR |
| 25 XOF | 0.19 MYR |
| 50 XOF | 0.37 MYR |
| 100 XOF | 0.74 MYR |
| 150 XOF | 1.11 MYR |
| 200 XOF | 1.48 MYR |
| 250 XOF | 1.85 MYR |
| 300 XOF | 2.22 MYR |
| 400 XOF | 2.96 MYR |
| 500 XOF | 3.70 MYR |
| 600 XOF | 4.44 MYR |
| 700 XOF | 5.18 MYR |
| 800 XOF | 5.92 MYR |
| 1,000 XOF | 7.40 MYR |
| 1,500 XOF | 11.10 MYR |
| 2,000 XOF | 14.80 MYR |
| 2,500 XOF | 18.50 MYR |
| 3,000 XOF | 22.20 MYR |
| 4,000 XOF | 29.60 MYR |
| 5,000 XOF | 37.00 MYR |
| 10,000 XOF | 74.00 MYR |
| 15,000 XOF | 111.00 MYR |
| 20,000 XOF | 148.00 MYR |
| 30,000 XOF | 222.00 MYR |
| 40,000 XOF | 296.00 MYR |
| 50,000 XOF | 370.00 MYR |
| 100,000 XOF | 740.00 MYR |
*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 Malaysia?
There are many good choices when it comes to sending money from Senegal to Malaysia. 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 MYR money transfers.We compare different remittance companies to bring you the best options to send money to Malaysia 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 Malaysian Ringgit money transfers. You can take advantage of these deals and make the most of your hard earned money.
How to get the best exchange rate for sending money from Senegal to Malaysia?
Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Malaysia 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 Malaysian Ringgit 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 Malaysia corridor to give you more good choices for your next MYR money transfer. This way you do not miss out on additional options to potentially save more.
What's the cheapest way to transfer money from Senegal to Malaysia?
The final amount your recipient gets when you send XOF to MYR 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 Senegal to Malaysia 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 Malaysian Ringgit 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 CFA Franc BCEAO to Malaysia 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 transfer money from Senegal to Malaysia?
Bank transfers have been a traditionally popular way to send money overseas from Senegal to Malaysia. 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 MYR 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 Malaysia 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 Malaysia from Senegal fast?
It could be a stressful experience if you need to rush money quickly from Senegal to Malaysia. 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 MYR. 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 Malaysian Ringgit. 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 Malaysia money transfers.
Which are the best money transfer companies to send money to Malaysia from Senegal?
Since the CFA Franc BCEAO to Malaysian Ringgit 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 Senegal that may also be able to send money to Malaysia. 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 XOF to MYR money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Malaysia gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Senegal to Malaysia transaction.
Step by step guide to transfer money to Malaysia from Senegal
There are many important aspects of Senegal to Malaysia 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 - Senegal 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 MYR 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 CFA Franc BCEAO amount you want to send from Senegal.
- 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.