Send money overseas with Bancoli to take advantage of bank-beating exchange rates

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

Venezuela
Gabon
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 Gabon. 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 Gabon 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 Gabon money transfers?

There are many good choices when it comes to sending money from Venezuela to Gabon. 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 Venezuelan Bolivar to XOF money transfers.

We compare different remittance companies to bring you the best options to send money to Gabon from Venezuela. 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 Venezuelan Bolivar to CFA Franc BCEAO 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 Venezuela to Gabon?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Gabon.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Venezuela to Gabon transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your VEF to CFA Franc BCEAO money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


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

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Venezuela to Gabon via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Venezuelan Bolivar to CFA Franc BCEAO remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Venezuela to Gabon exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for VEF to XOF remittances.


How to send money to Gabon from Venezuela through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Venezuela to Gabon money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like VEF to XOF transfers.

Given this, there are umpteen additional options to send money to Gabon instead of just your Venezuela bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Venezuelan Bolivar even more so that your recipient in Gabon gets the maximum amount.


What is the fastest way to do a money transfer to Gabon from Venezuela?

It could be a stressful experience if you need to rush money quickly from Venezuela to Gabon. 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 VEF 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 Venezuela to Gabon money transfers.


Which are the best money transfer companies to transfer money to Gabon 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 Gabon. 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 Gabon 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 Gabon transaction.


Step by step guide to do a money transfer from Venezuela to Gabon

Follow the below easy steps to send money to Gabon from Venezuela.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Venezuela bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Gabon).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your VEF to XOF remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.