Compare Mexico Peso to Communauté Financière Africaine BCEAO Franc For Sending Money to Niger from USA

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Mid Market Rate

The mid-market rate is the midpoint between the buy and sell prices of two currencies.
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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. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.

FAQ's

How long does an international money transfer to Nigeria from the US take?

Most take three to five working days, although some services can transfer funds in a couple of hours. For example, WorldRemit and Xoom offer instant transfers, while Remitly, Tranfast and Money2Anywhere transfer it in 1-2 days. Besides this, money order, cheque and demand draft can even take up to two weeks. So, you must always check the time taken in the transaction with the transferring company before sending funds.

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How to send money to Nigeria from the USA?

There are multiple options for sending money to Nigeria from the USA; you can select the one which suits the best for you. These are:

Online transfer: You can send money online by using the facilities of money transfer companies. They will ask for you and your recipient’s bank details and transfer money online to their bank account.

Bank-to-bank transfer: You can also use the services of your bank and make a transfer to the recipient’s bank account. Bank transfers are considered less by the customers these days as they charge high fees and offer lower exchange rates.

Wire transfer: Wire transfers are fast as compared to the bank transfer which is completed by the banks only. Provide the details of the bank account of the recipient and your amount will be transferred to his/her account within a few days.

Cash Pickup: Many money transfer companies such as Western Union, WorldRemit, Ria Money Transfer, MoneyGram, etc. are offering cash pickup services in Nigeria. You can send money from a bank account, debit card or credit card and the same will be received instantly or in an hour by the recipient.

Cheque, Demand Draft: You can also send money by foreign cheque or demand draft and send the same at the address of the recipient. However, it will take 27-30 days to reach it to the recipient.

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Can I send money to Nigeria from USA through MoneyGram?

Yes, you can send money to Nigeria from the US by using the services of MoneyGram. The company offer online transfer, bank account to bank account transfers, cash pickup services, wire transfers, etc.

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Why do money transfer companies offer different exchange rates for Nigeria?

Different companies have different business models. Some offer zero fees while taking an exchange rate margin, while others ask for an upfront fee. These companies deduct their costs, profits, inter-bank changes as well as commission from the exchange rates. Therefore, all the companies have different exchange rates which depend on their business criteria.

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Can I transfer money from the US to an account in another name to Nigeria?

Yes, most money transfer companies require you to add the details of the receiving party. If you are sending money to Nigeria online you will have to add the bank accounts of the receiving party. It could be your Nigerian account or someone in your family/friend. However, many companies do not allow third-party transfers, so you mostly need your own account.

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Are money transfers regulated in the US?

Yes, all money transfer companies in the USA are regulated and need to obtain a license to offer money transfer services. Under federal law, 18 USC § 1960, businesses are required to register for a Money Transmitter license where their activity falls within the state definition of a money transmitter.

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Historical Mid Market Exchange Rate From Mexico Peso (MXN) to Communauté Financière Africaine BCEAO Franc (XOF) (Weekly)

Current Exchange Rate(Mid Market) :- 27.08 XOF/MXN

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion MXN To XOF

Send Mexico Peso To NIGER Receive Communauté Financière Africaine BCEAO Franc
1 MXN TO XOF 27.08
50 MXN TO XOF 1354
100 MXN TO XOF 2708
250 MXN TO XOF 6770
500 MXN TO XOF 13540
1000 MXN TO XOF 27080
5000 MXN TO XOF 135400
10000 MXN TO XOF 270800
Send Communauté Financière Africaine BCEAO Franc Receive Mexico Peso From NIGER
1 XOF FROM MXN --
50 XOF FROM MXN --
100 XOF FROM MXN --
250 XOF FROM MXN --
500 XOF FROM MXN --
1000 XOF FROM MXN --
5000 XOF FROM MXN --
10000 XOF FROM MXN --

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