The current exchange rate for the Central African Franc (XOF) is 553.503654 XOF per American Dollar (USD) as of the time this was written. The XOF reached a high of 555.0003 XOF per USD and a low of 553.0001 XOF per USD during the last 90 days. The average exchange rate for the last 90 days was 554.0010 XOF per USD.
The average volatility rate for the XOF against the USD was 0.25% for the last 90 days. This is a normal/typical volatility rate. The XOF has behaved similarly for some time now. You can reasonably expect low-moderate fluctuations in exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Benin is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its destination in a matter of minutes. The fast option is also very affordable and costs less than most of Ria Money Transfer’s slower competition. The main drawback to Ria Money Transfer is that some users complain of hassles and a platform which isn’t the easiest to use. When it comes to their fast option, you can be sure you’re getting a good deal when it comes to both speed and cost.
The cheapest way to send money to Benin is through Ria Money Transfer’s slow option. Ria Money Transfer charges very low upfront rates for their money transfer services. The company’s slow option also charges relatively low hidden currency conversion costs. When both of these factors are considered, Ria Money Transfer’s slower option is very cheap.
It should also be noted that Ria Money Transfer’s slow option is very slow. It should normally take 3-5 business days for your money to reach its destination.
The easiest way to send money to Benin is through Western Union. Western Union has agents in several locations in Benin, and they offer several convenient ways to transfer your money. Western Union can perform bank transfers, but their fastest and most well-known method is a cash pickup. Regardless of which of their options you choose, Western Union is simple and convenient to use.
The overall best way to send money to Benin is through Ria Money Transfer. We would recommend that you use their faster option to get a better deal, as you’d pay more, but your transfer would be completed so much faster. Ria Money Transfer’s fast option gives you the best balance between cost and speed. If you are not in a rush and would prefer cheaper rates, their slow option offers highly competitive rates. With Ria Money Transfer, you have a service that is more accessible and generally well-rounded than the competition.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com