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Send money from Senegal to Nigeria
While you can’t send XOF to NGN 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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
How to send money from Senegal to Nigeria
Sending money from Senegal to Nigeria doesn’t have a huge amount of options. Because of this, we suggest sending money via:
Wise (USD/USD or EUR/EUR transfers)
How to send money from Senegal to Nigeria
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Naira from Senegal.
- Choose a provider
Select the provider offering the best way to send to Nigeria based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Naira will soon be on their way to Nigeria.
Sending money from Senegal to Nigeria: key insights and tips
Don't settle for the first option. Always compare ways to send money from Senegal to Nigeria to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Senegal and Nigeria. Through this, you get a comprehensive view of all the options you have in Senegal when you need to send money to Nigeria.
Cheapest way to send money from Senegal to Nigeria
Without any money transfer providers serving the Senegal to Nigeria route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Senegal to Nigeria
When calculating the costs of money transfers between Senegal and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the XOF-NGN mid-market rate equals to 2.7193. Keep in mind that this rate fluctuates all the time.
The XOF-NGN average exchange rate of the past week has been 2.7127, with a highest of 2.7215 and a lowest of 2.693.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your XOF to NGN transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
Track the exchange rate for CFA Franc BCEAO to Naira
Sending money at the right time between XOF and NGN can make a huge difference to overall cost. The exchange rate impacts how much NGN you get for your XOF.
Over the last 7 days, the average numbers are:
The exchange rate from XOF to NGN averaged 2.7127 NGN.
The highest value recorded was 2.7215 NGN, while the lowest was 2.693 NGN.
4 providers currently offer transfers between Senegal and Nigeria close to this rate
Want to secure the best XOF-Naira exchange rates?
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What payment methods are available when sending money from Senegal to Nigeria?
Sending bank transfers from Senegal to Nigeria
Bank transfers are the most common way of sending XOF to Nigeria as they are secure, reliable, and convenient.
If you want to send CFA Franc BCEAOs to Nigeria via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Senegal to Nigeria by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send CFA Franc BCEAOs to Nigeria with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Senegal to Nigeria by payment apps
If you’d like to send money from Senegal to Nigeria via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Senegal to Nigeria.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Nigeria in Naira at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Senegal to Nigeria after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the XOF to NGN exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of XOF to NGN is 2.7193
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Senegal.
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 Senegal to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send XOF to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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