How to send money to Senegal from Nigeria with the best NGN-XOF rate
Compare the best deals on transfers from Nigeria to Senegal. Explore the cheapest, fastest, and most reliable providers with the best NGN to XOF exchange rates.
Read on for the insights and in-depth analysis, and all you need to send money to Senegal from Nigeria.
Transferring the other way? Send XOF from Senegal to Nigeria instead.
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
The best way to send NGN to Senegal is to use cash transfer via Western Union
We’ve analysed 100s of money transfer companies, and found that the overall coverage of NGN/XOF transfers is very limited for online transfers.
This is why we suggest sending cash as an alternative, using Western Union.
The transfer fees depend on which branch you use and how much you send, but overall you can expect to pay around 3 NGN for a 360,000 NGN transfer.
Depending on where you are, we suggest checking Western Union to see what deposit methods you have available.
In many cases you can deposit NGN online and the recipient in Senegal will need to visit a branch to pick up XOF.
How to get the best deal on your Nigeria to Senegal transfer
Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from Nigeria to Senegal.
Choose a provider
Select the provider that offers you the best value & service for transfers between Nigeria and Senegal.
Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Senegal.
Summary of recent searches
Sending money from Nigeria to Senegal considerations
A comparison of providers offering services between Nigeria and Senegal is the easiest way to ensure the best deal.
We've compared 3 providers that offer services for sending Naira to Senegal.
This ensures you will get the best options for your transfer to Senegal from Nigeria.
Whilst we rate Western Union Agent as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Nigeria to Senegal.
The cheapest way to send money from Nigeria to Senegal is a cash transfer via MoneyGram.
The cheapest way to send money to Senegal from Nigeria is via a cash transfer through a MoneyGram Agent.
While cash transfers are usually more expensive than online options, our analysis of hundreds of money transfer companies shows that very few services currently support NGN/XOF transfers online.
The total cost of your transfer includes both the transfer fee (around 3 NGN per 360,000 NGN) and an exchange rate markup.
Ultimately, the exact price will depend on your location, payment method, and transfer amount.
The cheapest way to to send money to Senegal from Nigeria is via PayPal P2P Transfer
The coverage of NGN/XOF transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a NGN transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Send large sums of money
Western Union Agent offers the strongest all round option for large transfers of the 3 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from CFA Franc BCEAO to CFA Franc BCEAO.
As such, opt for Western Union Agent for sending large sums of money to Senegal from Nigeria.
Understanding the costs involved when transferring money to Senegal from Nigeria
When calculating the cost of sending money from Nigeria to Senegal, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current NGN-XOF mid-market rate is 0.3857 XOF per Naira. Finding a provider as close to this number as possible will ensure more CFA Franc BCEAO for your money.
As a comparison, the NGN-XOF mid-market rate for the past week has averaged 0.3881 XOF per Naira, hitting a high of 0.3885 and a low of 0.3874.
Western Union Agent is currently offering the best exchange rate on transfers between Nigeria and Senegal.
Often the NGN-XOF exchange rate you receive will be the biggest factor impacting the cost of sending Naira to Senegal.
Fees: Transfer fees are charged on top of a transfer. Western Union Agent currently offers lowest fees of 3 NGN. Although we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in CFA Franc BCEAO is the biggest indicator in the total cost of sending money to Nigeria from Senegal. The higher the total amount received in Senegal, the lower the cost of sending from Nigeria.
How to find the best exchange rate for Naira to CFA Franc BCEAO
Timing is essential for sending money between NGN and XOF. The exchange rate you secure impacts how much XOF you get for your NGN.
Let's dive into some interesting recent trends.
In the last week, the exchange rate from NGN to XOF has seen some fluctuation. On average, it stood at 0.3881.
During this period, the highest value recorded was 0.3885, while the lowest was 0.3874.
Western Union Agent, which is our recommended service to send money online from Nigeria to Senegal offers an exchange rate that is only 5% above the mid-market rate.
Want to secure the best NGN-CFA Franc BCEAO exchange rates?
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Payment options for transfers from Nigeria to Senegal
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Nigeria to Senegal.
Using a money transfer company such as Western Union Agent for payments from Nigeria to Senegal, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Western Union Agent is the best money transfer provider for bank transfers of the 3 we compared when sending NGN to Senegal.
With a fee of 3 NGN to transfer money from Nigeria to Senegal, Western Union Agent offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Nigeria to Senegal is easy with Western Union Agent.
Western Union Agent is a leader in debit card money transfers from Nigeria to Senegal. They are the best option of the 3 transfer companies compared.
Credit cards
Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.
We recommend using a bank transfer or a debit card transfer if you can; otherwise, .
Fee alert: using a credit card to transfer money internationally 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 Senegal and Nigeria.
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 Nigeria to Senegal.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send NGN to XOF.
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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