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Compare today's MAD to XOF (Moroccan Dirham to CFA Franc BCEAO) exchange rates

Western Sahara
Mali
MAD

Interbank Exchange Rate: 1 MAD = 60.6321 XOF
Updated about 1 hours ago

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All you need to know about Moroccan Dirham to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Western Sahara to Mali. Send money overseas to your loved ones by comparing Moroccan Dirham (MAD) 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 Western Sahara.

Were you looking to send money from Mali to Western Sahara 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 MAD to XOF Conversion Rates

Here are some latest MAD to XOF (Moroccan Dirham to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 MAD60.63 XOF
5 MAD303.16 XOF
10 MAD606.32 XOF
25 MAD1,515.80 XOF
50 MAD3,031.61 XOF
100 MAD6,063.21 XOF
150 MAD9,094.82 XOF
200 MAD12,126.42 XOF
250 MAD15,158.03 XOF
300 MAD18,189.63 XOF
400 MAD24,252.84 XOF
500 MAD30,316.05 XOF
600 MAD36,379.26 XOF
700 MAD42,442.47 XOF
800 MAD48,505.68 XOF
1,000 MAD60,632.10 XOF
1,500 MAD90,948.15 XOF
2,000 MAD121,264.20 XOF
2,500 MAD151,580.25 XOF
3,000 MAD181,896.30 XOF
4,000 MAD242,528.40 XOF
5,000 MAD303,160.50 XOF
10,000 MAD606,321.00 XOF
15,000 MAD909,481.50 XOF
20,000 MAD1,212,642.00 XOF
30,000 MAD1,818,963.00 XOF
40,000 MAD2,425,284.00 XOF
50,000 MAD3,031,605.00 XOF
100,000 MAD6,063,210.00 XOF

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


What's the best way to send money from Western Sahara to Mali?

Sending money internationally to Mali from Western Sahara can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Moroccan Dirham to XOF remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Mali. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in CFA Franc BCEAO.


How to get the best exchange rate for sending money from Western Sahara to Mali?

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 MAD to CFA Franc BCEAO 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 Western Sahara to Mali. 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 MAD to XOF remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way for transferring money to Mali from Western Sahara?

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 Western Sahara to Mali 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 Moroccan Dirham 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 Western Sahara to Mali 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 MAD to XOF remittances.


How to send money to Mali from Western Sahara through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Western Sahara to Mali. 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 MAD to XOF 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 Western Sahara bank for your Mali 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 Mali from Western Sahara fast?

If you need to convert MAD to XOF as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Western Sahara to Mali could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Moroccan Dirham to CFA Franc BCEAO funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Mali.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Western Sahara to Mali. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money from Western Sahara to Mali?

The first step in selecting the best money transfer operators for Western Sahara to Mali 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 Moroccan Dirham 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 Mali.


Step by step guide to do a money transfer from Western Sahara to Mali

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

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 Western Sahara to Mali.