Mali is a fairly easy country to send money to thanks to some of the great services that are available to you. While these options aren’t all ideal, they’re good enough to send money from other countries.
The current exchange rate for the Central African Franc (XOF) is 551.498357 XOF per American Dollar (USD) as of the time this was written. The XOF reached a high of 558.2898 XOF per USD and a low of 551.4984 XOF per USD during the last 90 days. The average exchange rate for the last 90 days was 553.0928 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 Mali is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Malian 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.
Transfast offers you the cheapest way to send money to Mali. Transfast charges low fees across the board. They are also fairly fast and most transfers are completed in a day or two.
When it comes to their actual fees, Transfast makes more money from stated fees than hidden currency conversion markups. This way at least you know roughly how much you will have to spend upfront.
The easiest way to send money to Mali is through Payoneer. With Payoneer, you can choose between one of several money transfer methods to suit your needs. We recommend you use Payoneer to send money to top up either the recipient’s debit card or their mobile money account. Both of these options offer greater convenience and security. With the debit card method, the recipient can withdraw the money right away upon the transfer’s completion. You can also opt to send your Payoneer balance to a bank account if that suits you better.
The overall best way to send money to Mali is through Ria Money Transfer. For the sake of getting the best deal possible, we recommend using their fast option. Ria Money Transfer’s fast option gives you a great balance between cost and speed. If you are not in a rush and would prefer cheaper rates, their slow option is a simple and viable alternative which you can use with the same account. With Ria Money Transfer, you have a service that is very accessible and generally well-rounded.
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