Send money from Nigeria to Benin
While you can’t send NGN to XOF with Wise, you can transfer USD to USD.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
How to send money from Nigeria to Benin
Sending money from Nigeria to Benin doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
Wise (USD/USD or EUR/EUR transfers)
Getting the best deal on your Nigeria to Benin transfer
Sending money from Nigeria to Benin: key insights and tips
Don't settle for the first option. Always compare ways to send money from Nigeria to Benin to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Nigeria and Benin. Through this, you get a comprehensive view of all the options you have in Nigeria when you need to send money to Benin.
Cheapest way to send money from Nigeria to Benin
Without any money transfer providers serving the Nigeria to Benin route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Nigeria to Benin
When calculating the costs of money transfers between Nigeria and Benin, here's what really matters:
The Mid-Market Rate: Today, the NGN-XOF mid-market rate equals to 0.3652. Keep in mind that this rate fluctuates all the time.
The NGN-XOF average exchange rate of the past week has been 0.3635, with a highest of 0.364 and a lowest of 0.3619.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your NGN to XOF transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
How to find the best exchange rate for Naira to CFA Franc BCEAO
Timing is essential for sending money between NGN and XOF. The exchange rate you secure impacts how much XOF you get for your NGN.
Let's dive into some interesting recent trends.
In the last 7 days, the exchange rate from NGN to XOF has seen some fluctuation. On average, it stood at 0.3635.
During this period, the highest value recorded was 0.364, while the lowest was 0.3619.
, which is our recommended service to send money online from Nigeria to Benin offers XOF per NGN which is only % above the mid-market rate.
Want to secure the best NGN-CFA Franc BCEAO exchange rates?
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What payment methods are available when sending money from Nigeria to Benin?
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Benin and Nigeria.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Nigeria to Benin.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to XOF.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
