You have fewer options available than average when it comes to Cameroon money transfer. Despite this, there are still many great deals to be found, and sending funds to Cameroon is a breeze, just like sending money online to any other country.
The current exchange rate for the Central African Franc (XAF) is 590.7633 XAF per American Dollar (USD) as of the time this was written. The XAF reached a high of 601.8798 XAF per USD and a low of 587.4435 XAF per USD during the last 90 days. The average exchange rate for the XAF over the last 90 days was 593.6864 XAF per USD.
The average volatility rate for the XAF against the USD was 0.28% over the last 90 days. This is a normal volatility rate, although the XAF has gone through some long-term fluctuations. Going forward, you can reasonably expect only moderate fluctuations to continue, barring any unforeseen circumstances.
The fastest way to send funds to Cameroon is through the fast option offered by Western Union. With Western Union’s fast option, your money will get to Cameroon in a matter of minutes. Western Union is also a more common money transfer service that keeps the process simple.
The only real downside to Western Union’s fast option is that it is expensive. You can expect to pay more than average with any of Western Union’s services.
MoneyGram is the cheapest way to transfer funds to Cameroon. With MoneyGram, you can expect to pay a small upfront stated fee. You will also pay a small amount in hidden currency conversion costs. When you do the math, MoneyGram ends up being significantly cheaper than most of the competition.
The easiest way to transfer funds to Cameroon is through Payoneer. Payoneer makes sending money very convenient and easy. Payoneer is also one of the few payment services that are available in almost every country. The recipient of a Payoneer transfer can have the money sent directly to their debit card, at which point it can be withdrawn from an ATM immediately.
Payoneer also offers another option which allows the recipient to receive the money directly into their bank account.
The overall best way to send money online to Cameroon is through Payoneer. If you do some research on the topic, many of the leading (best) online money transfer services are not available in Cameroon. Payoneer is both available and especially good for sending money to Cameroon. They make sending and receiving money easy, while also offering the most well-rounded option for Cameroon.