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Highest remittance rate for converting 1 EUR to USD = 1.12

Send Money to Mali from Italy

Thousands of Malians employed in Italy have an important responsibility of sending money back home. On top of that, technology has opened an avenue for many professionals in Mali to serve their Italian clients with professional services through online freelancing. Regardless of why you may need to send money from Italy to Mali, one of the first things you will want to do is make sure that you compare the service rate.

There are various online money exchange companies that can offer you the best EUR to XOF exchange rates but the biggest problem usually is finding such deals. Thanks to Exchange Rate IQ you don’t need to spend so much time trying to find and compare exchange rates companies. We have gone further to categorize these services in terms of the fastest and most affordable for your convenience.

Many people are stuck between options when it comes to sending money from Italy to Mali because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.

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1.13

Mid Market Rate

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1.13

Mid Market Rate

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Currencies:
EUR-XOF EUR-USD
Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee € 3.02) € 500
Receiving Amount
$ 561.1898
Realized Exchange Rate
1.12
transferwise EUR to USD Exchange Rate
1.1292
Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Italy to Mali for sending amount 500. Today’s Transferwise exchange rate for sending money from EUR to USD is 1.1292 with a € 3.02 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 1.12. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 4) € 503.559
Receiving Amount
$ 561.95
Realized Exchange Rate
1.11
currencyfair EUR to USD Exchange Rate
1.1239
0.89% vs Best Value

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Transfer Time : 1-2 Days
Promoted
Currencyfair is a one of the safest & leading money transfer service provider for sending money from Italy to Mali for sending amount 500. Today’s Currencyfair exchange rate for sending money from EUR to USD is 1.1239 with a $ 4 fee. Based on the Exchange Rate IQ calculations it offers 0.89% less than the best value for your money transfer. The realized exchange rate after considering the fees is 1.11. The pay in options available are Bank, also you can receive money using Bank, at multiple Currencyfair partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Currencyfair click here
Pay-In
Pay-Out
You Pay (Includes Fee € 0) € 500
Receiving Amount
$ 546.65
Realized Exchange Rate
1.09
azimo EUR to USD Exchange Rate
1.0933
2.68% vs Best Value

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Transfer Time :
Azimo is a one of the safest & leading money transfer service provider for sending money from Italy to Mali for sending amount 500. Today’s Azimo exchange rate for sending money from EUR to USD is 1.0933 with a € 0 fee. Based on the Exchange Rate IQ calculations it offers 2.68% less than the best value for your money transfer. The realized exchange rate after considering the fees is 1.09. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Azimo partner locations. The transfer time usually range between . For more detailed review of Azimo click here

More Available Options

You can check rates of some more providers that may support your country
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
<p>Trusted by millions for every kind of online global payment, Skrill now makes payments simple, secure and quick in nearly 200 countries and 40 currencies.</p>
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

EUR to USD - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Italy to Mali after comparison?
  • With our real-time comparison on sending money from Italy to Mali ,
      we have found Transferwise remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Transferwise, 1.12 ) ( Currencyfair, 1.11 ) ( Azimo, 1.09 ) .
  • To remit money in the bank account of Mali, best companies is ( Transferwise, 1.12 ).
  • Current money transfer offeres/promotions are available with Currencyfair, Azimo money transfer services.
  • For quick money transfer from Italy to Mali with agent service is Azimo with exchange rate 1.09.
  • Available pay in when sending money from Italy to Mali Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Italy to Mali Bank.
  • Other options to transfer money from Italy to Mali are Worldremit, Xendpay, Travelex, Skrill, Westernunion, Moneygram .
  • The comparison result was last updated on Jun 07, 2020.
  • For the latest comparison result of Italy to Mali, Please visit ExchangeRate IQ regularly.

Italian Euros vs. Malian XOF: History

Thousands of Malians dream of moving to Italy because of the robust opportunities. Because of high desperations, some Malians go to the extent of using illegal methods to enter Italy. According to the BBC, thousands of immigrants find their way into Italy from Mali, and some of them get deported back.

The European Commission says about 800 million Euros were remitted to Mali from Italy in 2015. This figure has been rising constantly plus the economic situation in Mali which has seen the XOF drop in value has forced many Malians to seek better opportunities in Italy.

As much as Malian immigrants are eager to get into Italy for greener pastures, not all of them are successful in their quest. Some find well-paying jobs and even become legal residents of Italy while some have to survive illegally which becomes a burden to Italy.

Other than the immigrants and refugees, Italy and Mali are giants when it comes to the world of sport, and no one can forget all the historical moments when these countries had to encounter each other in the world of sports, including the 2004 summer Olympics.

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Best way to send money to Mali from Italy

Besides online money exchange services, there are other options that you can consider when you want to transfer funds to Mali when you are in Italy and they include;

  1. Wire transfers

    Perfect for transacting large amounts of money within a short period, wire transfers allows you to send money into foreign bank accounts directly. Usually, this takes about one business day and a good example here is WorldRemit.

  2. Online money transfer companies

    There are hundreds of money transfer companies in the world that you can use to transfer money from Italy to Mali. Some of the most commonly used online transfers for EUR to XOF exchange include Travelex.

What to consider when sending money from Italy to Mali?

If you want to send money from Italy to Mali, there are some fundamental factors that you will need to consider. Although there are several known online money exchange services for EUR to XOF, you should know that exchange rates usually fluctuate hence you need always to counter check. Some of the major factors to consider when you want to transfer funds to Mali from Italy include;

  1. How much you need to send

    There are different kinds of exchange companies and some have better rates when you are sending a lump sum amounts of money while others will favor you if you are sensing a little amount. You therefore need to research well before you send money to Mali from Italy.

  2. Cost of service

    Even thoughEUR dominates XOF in the exchange market, it is not likely that transfering money to Mali from Italy will cost you less. Some exchange companies can be exploitative.

  3. How long it takes

    As discussed, there are fast and slow ways of converting EUR to XOF. The speed of money transfer services is normally reflected in the cost of service. The more expensive the service, the faster it should be and vice versa.

  4. Security

    Many people make the mistake of assuming that all money transfer companies assures the safety of your transfer. Know that there are hackers out there waiting for any chance to rob these financial institutions. You should have a better picture after looking for reviews before concluding your search.

Why send money to Mali from Italy?

It is essential to state that Italians can also have a reason to send money to Mali. These are usually Italians who have outsourced from Mali and have to make regular payments for these services. Malians in Italy, however, send money to Mali for;

  1. Family upkeep :

    Many Malian immigrants who become successful in Italy are usually the breadwinners of the family. Their primary responsibility is to ensure that the money they earned is used to improve the situation and take care of the people back at home.
  2. Purchase of property :

    The kind of opportunities available in Italy makes it easy for working Malians to save up and purchase a property like land or even vehicles. It has been noted that Africans with well-paying jobs abroad become rich faster back at home because the foreign currency is dominant.
  3. Emergencies :

    Emergencies do strike when least expected. That is why we are all advised always to have some money on the side for emergencies. There are so many kinds of emergencies, including medical, financial, security, and more.

 

FAQ's

How much does it cost to send money to Mali from Italy?

There is no standard rate for transferring money from Italy to Mali that is because the exchange rates keep on changing. It is why you need services like Exchange Rate IQ.

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How long does EUR to XOF exchange take?

It depends on the money transfer service that you have chosen. Some take hours, others days and for some even weeks. It is however important to mention that the faster the service, the more costly it is.

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How much money can I send to Mali from Italy?

There is no limit to how much money you can send to Mali from Italy. No matter how much you need to transfer, there is always an exchange company ready to assist. It is good to know that some companies offer better rates when you are exchanging large amounts of EUR to XOF.

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Compare Currency Conversion EUR To USD

Send Euro Member Countries To MALI Receive US Dollar
1 EUR TO USD 1.13
50 EUR TO USD 56.5
100 EUR TO USD 113
250 EUR TO USD 282.5
500 EUR TO USD 565
1000 EUR TO USD 1130
5000 EUR TO USD 5650
10000 EUR TO USD 11300
Send US Dollar Receive Euro Member Countries From MALI
1 USD FROM EUR --
50 USD FROM EUR --
100 USD FROM EUR --
250 USD FROM EUR --
500 USD FROM EUR --
1000 USD FROM EUR --
5000 USD FROM EUR --
10000 USD FROM EUR --

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate EUR to USD

Company Name Live Exchange Rate
XE Money Transfer $ 1.13
Transferwise $ 1.13
Currencyfair $ 1.12
Azimo $ 1.09
USD

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