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Send money from Senegal to South Africa
"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."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
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.
Overall best option: Western Union Agent
Of the 4 companies that support XOF to ZAR, Western Union Agent offered the best combination of cost and speed.
Sending 141,650 XOF to ZAR will cost you CFA3 in fees, and you will receive 4,089.02 ZAR. The delivery time usually is minutes - 5 days, but can be longer depending when you make the transfer.
So for a great mix of cost, speed & features, send CFA Franc BCEAOs to South Africa using Western Union Agent.
Compare for the best deal on your Senegal to South Africa transfer
Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Senegal to South Africa.
Choose a provider
Pick the provider that offers you the best value & service for your needs for XOF to ZAR transfers.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to South Africa.
Summary of recent searches
Transfer consider from Senegal to South Africa
Compare available providers
A comparison of providers offering services between Senegal and South Africa is paramount. Based on your specific transfer amount, the best way to send money to South Africa could change. Comparing ensures the best price for your needs.
For services allowing you to send CFA Franc BCEAO to South Africa we've compared 4 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Senegal.
Overall, we rated Western Union Agent as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Senegal to South Africa.
Getting the best CFA Franc BCEAO-Rand exchange rate
Choose the right payment method
Financial regulators
Consider transfer limits
Consider how the money will be received
Have your ID ready
Tax declarations in South Africa
The fastest way to send money to South Africa from Senegal is by sending cash
Cash transfers are almost instant in most cases.
However, in some cases, it can take a few days to process, depending on your branch, how much you are sending, and the deposit method you use.
Considering there aren’t many XOF/ZAR transfer options available, this is by far the fastest way to do it.
The cheapest way to to send money to South Africa from Senegal is via PayPal P2P Transfer
The coverage of XOF/ZAR 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 XOF 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).
Need to make a large transfer?
Western Union Agent is the best option for large transfers of the 4 providers compared.
While Western Union Agent may not always be the cheapest or fastest way to send XOF from Senegal to South Africa, it's a great provider for larger transfers for things like buying or selling property.
Understanding the cost of sending money to South Africa from Senegal
The cost of sending money from South Africa to South Africa, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from XOF-ZAR is 0.0303 ZAR per CFA Franc BCEAO.
Finding a provider offering an exchange as close to 0.0303 as possible will ensure more Rand received when transferring.
For context, the XOF-ZAR mid-market rate for the past 7 days has averaged 0.0303 ZAR per CFA Franc BCEAO. This includes a high of 0.0304, and low of 0.0301.
Ria Money Transfer currently offers the best exchange rate on transfers from Senegal to South Africa.
For the most part the XOF-ZAR exchange rate you receive is the biggest factor impacting the cost of sending XOF to South Africa.
Fees: Outside of exchange rates, you may need to pay a fee to send. Ria Money Transfer currently offers the lowest fees on transfers to South Africa from Senegal. They charge 4 XOF per transfer.
Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Rand is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging CFA Franc BCEAOs to ZAR, paired with a low fee, means a higher total amount received in South Africa.
Track the exchange rate for CFA Franc BCEAO to Rand
Sending money at the right time between XOF and ZAR can make a huge difference to overall cost. The exchange rate impacts how much ZAR you get for your XOF.
Over the last 7 days, the average numbers are:
The exchange rate from XOF to ZAR averaged 0.0303 ZAR.
The highest value recorded was 0.0304 ZAR, while the lowest was 0.0301 ZAR.
4 providers currently offer transfers between Senegal and South Africa close to this rate
Want to secure the best XOF-Rand exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Senegal to South Africa!
Payment options for transfers from Senegal to South Africa
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Senegal to South Africa.
Using a money transfer company such as Ria Money Transfer for payments from Senegal to South Africa, 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.
Ria Money Transfer is the best money transfer provider for bank transfers of the 4 we compared when sending XOF to South Africa.With a fee of 4 XOF to transfer money from Senegal to South Africa, Ria Money Transfer offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Senegal to South Africa is easy with Western Union Agent.
Western Union Agent is a leader in debit card money transfers from Senegal to South Africa. They are the best option of the 4 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, make a quick comparison to find the latest deal.
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 South Africa 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 South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send XOF to ZAR.
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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