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Overall best choice: Instarem
We tested & reviewed dozens of money transfer providers, and Instarem scored highly.
Instarem appeared in 100% of Senegal to Nigeria searches, and was the top rated company out of 1 that support XOF to NGN.
So for a great mix of cost, speed & features, make your Senegal to Nigeria transfer using Instarem.
How to get the best deal on your Senegal to Nigeria transfer
Summary of recent searches
Important things to consider before sending money from Senegal to Nigeria
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.
Our analysis included 1 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 to Nigeria from Senegal: Instarem
Data collected over the past six months shows that Instarem is 0% cheaper than the second-best option.
The CFA6 transfer cost represents the most common fee for XOF to NGN international transfers, based on data from the past six months.
If you want to secure the best rates on a XOF to Nigeria transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to XOF-NGN by Instarem, based on data from the past six months.
Fastest way to send money from Senegal to Nigeria: Instarem
Our data shows that Instarem came up as the fastest way to send money from Senegal to Nigeria in 100% of searches. This makes them well suited to urgent XOF to NGN money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Senegal to Nigeria - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Instarem is your best choice at the moment. This service emerged as the quickest way to send money to Nigeria from Senegal in 100% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Instarem.
While Instarem may not always be the cheapest or fastest way to send XOF from Senegal to Nigeria, it’s the provider that will keep you safe and relaxed while your money moves into NGN.
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 2.131011 NGN per CFA Franc BCEAO.
The XOF-NGN average exchange rate for the past three months has been 1.857 NGN per CFA Franc BCEAO, with a high of 2.8408 and a low of 1.2416.
When looking to send money, we'd recommend Instarem. On average Instarem is 4.92% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from XOF to NGN.
How to find the best exchange rate for CFA Franc BCEAO to Naira
Timing is essential for sending money between XOF and NGN. The exchange rate you secure impacts how much NGN you get for your XOF.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from XOF to NGN has seen some fluctuation. On average, it stood at 1.857.
During this period, the highest value recorded was 2.8408, while the lowest was 1.2416.
Instarem, which is our recommended service to send money online from Senegal to Nigeria offers an exchange rate that is only 4.92% above the mid-market rate.
Want to secure the best XOF-Naira exchange rates?
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Payment methods available to fund your Senegal to Nigeria transfer
Bank transfers
Bank transfers are often the default option for sending money from Senegal to Nigeria.
By using a money transfer company such as Instarem for transfers from Senegal to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 1 we tested when sending XOF to Nigeria.
With an average fee of XOF0 to send money from Senegal to Nigeria, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Senegal to Nigeria with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from Senegal to Nigeria, competing among a total of 1 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Senegal to Nigeria, Instarem emerges as our top choice of the 1 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
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.
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 document.
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