Sending money to Senegal shouldn’t present any significant challenges apart from the lack of options you’ll have. This doesn’t mean transferring money here will be particularly difficult, but you won’t have the freedom of choice compared to some other countries. Despite this, there are still a few good money transfer services that can meet your needs.
The current exchange rate for the Central African Franc (XOF) is 600.157369 XOF per American Dollar (USD) as of the time this was written. The XOF reached a high of 605.3386 XOF per USD and a low of 600.1574 XOF per USD during the last 90 days. The 90-day average exchange rate for the XOF was 602.7328 XOF per USD.
The XOF had an average volatility rate of 0.26% for the last 90 days. This is a moderate volatility rate, and the XOF has been stable for some time now. Going forward you can reasonably expect moderate fluctuations in exchange rates to continue, barring any unforeseen circumstances.
The fastest way to send cash online to Senegal is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its destination in Senegal in a matter of minutes. The fast option offered by Ria Money Transfer is also a great all-around deal, as it costs less than much of the slower competition.
The cheapest way to send money to Senegal is through Transfast. With Transfast, you get a very low upfront, stated fee. They do carry a small hidden currency conversion markup at Transfast, but their rates are cheaper when you put both of these variables together.
The easiest way to send currencies to Senegal is through WorldRemit. With WorldRemit, you have plenty of options for the recipient, and you have access to their platform in nearly every country in the world. They also offer one of the best overall deals around, especially in Senegal. WorldRemit makes sending money to Senegal easy, but it also makes it reasonably inexpensive and fast.
The overall best way to send money to Senegal is through Transfast. Transfast offers you the best deal in terms of cost when you send money to Senegal. It also happens that they offer you the best-rounded option for Senegal. Transfast doesn’t offer the best service across the board and receives mixed feedback from its users, but it still offers you the most efficient cost for sending money to Senegal.
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