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

Venezuela
Guinea-Bissau
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 Guinea-Bissau. 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 Guinea-Bissau 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 Guinea-Bissau money transfers?

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 Venezuela to Guinea-Bissau. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Venezuelan Bolivar to XOF.

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 VEF to XOF in Guinea-Bissau. 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 Guinea-Bissau from Venezuela. We provide you with maximum choices to send money to Guinea-Bissau by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for your money transfers from Venezuela to Guinea-Bissau?

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 Guinea-Bissau.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Venezuela to Guinea-Bissau 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 to Guinea-Bissau from Venezuela?

One of the most important things to watch out for is hidden fees when sending money to Guinea-Bissau 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 Guinea-Bissau 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 Guinea-Bissau 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 Guinea-Bissau from Venezuela.


How to send money from Venezuela to Guinea-Bissau 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 Guinea-Bissau (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 Guinea-Bissau. These companies will let you use your local bank account in Venezuela to pay for your Guinea-Bissau money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money to Guinea-Bissau from Venezuela fast?

The first thing to do when you need to convert VEF to XOF quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Venezuelan Bolivar and CFA Franc BCEAO. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Venezuela to Guinea-Bissau remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Guinea-Bissau.


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

The first step in selecting the best money transfer operators for Venezuela to Guinea-Bissau remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Venezuelan Bolivar to CFA Franc BCEAO money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Guinea-Bissau.


Step by step guide to transfer money to Guinea-Bissau from Venezuela

Follow the below easy steps to send money to Guinea-Bissau 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 Guinea-Bissau).
  • 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.