The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Compare Exchange Rates & Fees - Save Time & Money
Sending money to Senegal can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Senegal bank accounts or pay a West African franc invoice.
GBP to XOF Market Data
British pound (GBP) to West African franc (XOF) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the GBP to XOF Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the British pound against the West African franc is to review how the GBP/XOF rate has changed over time.
The table below shows the percentage change in the GBP to XOF exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The GBP/USD exchange rate currently leans bullish, primarily supported by recent signals from the Bank of England (BoE) indicating a cautious approach...
Current market bias for GBP to XOF is bullish.
Key drivers include the interest rate differential, as the Bank of England shows a slower pace for potential rate cuts, contrasting with the Central Bank of West African States’ focus on stabilizing the budget deficit. Economic growth in the UK is expected to slow, but falling inflation might boost confidence in the pound.
In the near term, GBP to XOF is likely to trade within a stable range. Upside risks include the potential for economic improvements in the UK that strengthen the pound, while downside risks could emerge from a shift in UK fiscal policy that undermines GBP strength.
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GBP to XOF outlook is bullish as BoE signals slower rate cuts while the CBE prioritizes budget stabilization. Expect stable trading amidst UK growth slowdowns. Upside risks include UK improvements; downside may stem from fiscal changes impacting GBP.
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GBP to XOF Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in West African franc across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
best Send Money conversion rate for GBP to XOF?
The best GBP to XOF exchange rate is 722.45 from OFX . This is -3.9% compared to the mid-market rate 751.58.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to West African franc (XOF) rates from different sources before making a conversion.
The above
Sterling to West African franc comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest GBP-XOF mid-rate and the possible savings of using various providers.
How do GBP-XOF rates compare between providers?
Looking at the full
GBP to XOF - Send Money comparison table the provider with the best GBP to XOF exchange rate is OFX at 722.45, -3.9% from the latest mid-market rate 751.58.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency: