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Compare today's VEF to XOF (Venezuelan Bolivar to CFA Franc BCEAO) exchange rates

Venezuela
Equatorial Guinea
VEF

Interbank Exchange Rate: 1 VEF = 0.0001 XOF
Updated over 24 hours ago

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All you need to know about Venezuelan Bolivar to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Venezuela to Equatorial Guinea. Send money overseas to your loved ones by comparing Venezuelan Bolivar (VEF) 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 Venezuela.

Were you looking to send money from Equatorial Guinea to Venezuela 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 VEF to XOF Conversion Rates

Here are some latest VEF to XOF (Venezuelan Bolivar to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 VEF0.00 XOF
5 VEF0.00 XOF
10 VEF0.00 XOF
25 VEF0.00 XOF
50 VEF0.01 XOF
100 VEF0.01 XOF
150 VEF0.02 XOF
200 VEF0.02 XOF
250 VEF0.03 XOF
300 VEF0.03 XOF
400 VEF0.04 XOF
500 VEF0.05 XOF
600 VEF0.06 XOF
700 VEF0.07 XOF
800 VEF0.08 XOF
1,000 VEF0.10 XOF
1,500 VEF0.15 XOF
2,000 VEF0.20 XOF
2,500 VEF0.25 XOF
3,000 VEF0.30 XOF
4,000 VEF0.40 XOF
5,000 VEF0.50 XOF
10,000 VEF1.00 XOF
15,000 VEF1.50 XOF
20,000 VEF2.00 XOF
30,000 VEF3.00 XOF
40,000 VEF4.00 XOF
50,000 VEF5.00 XOF
100,000 VEF10.00 XOF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Venezuela to Equatorial Guinea money transfers?

With the global remittance market booming, there are so many choices for Venezuelan Bolivar to XOF 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 Equatorial Guinea from Venezuela. 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 XOF 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 remit rate for transferring money from Venezuela to Equatorial Guinea?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Venezuela to Equatorial Guinea transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your VEF to CFA Franc BCEAO international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Venezuelan Bolivar to CFA Franc BCEAO exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to send money to Equatorial Guinea from Venezuela?

One of the most important things to watch out for is hidden fees when sending money to Equatorial Guinea from Venezuela. 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 Equatorial Guinea using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your CFA Franc BCEAO foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best VEF to Equatorial Guinea 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 Equatorial Guinea from Venezuela.


How to send money from Venezuela to Equatorial Guinea through a bank?

We do not recommend using your local bank in Venezuela for your next VEF 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 Venezuela to Equatorial Guinea (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 Equatorial Guinea. These companies will let you use your local bank account in Venezuela to pay for your Equatorial Guinea 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 Venezuela to Equatorial Guinea?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Venezuela to Equatorial Guinea. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert VEF to XOF fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Venezuelan Bolivar amount reaching Equatorial Guinea. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush CFA Franc BCEAO quickly to Equatorial Guinea, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to transfer money to Equatorial Guinea from Venezuela?

Since the Venezuelan Bolivar to CFA Franc BCEAO 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 Venezuela that may also be able to send money to Equatorial Guinea. 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 VEF to XOF money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Equatorial Guinea gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Venezuela to Equatorial Guinea transaction.


Step by step guide to send money from Venezuela to Equatorial Guinea

The first step to send money to Equatorial Guinea from Venezuela 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 VEF to XOF 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 Equatorial Guinea if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Venezuela bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Equatorial Guinea!

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 Venezuela to Equatorial Guinea.