1 Dollar to CFA: Today's Exchange Rate on MoneyGram
Are you planning to send money to a loved one in a West or Central African country? If so, you'll need to know the current exchange rate of 1 US dollar to the CFA franc, which is the official currency of several countries in the region. In this article, we'll provide you with the latest exchange rate on MoneyGram, one of the most popular money transfer services in the world.
What is the CFA Franc?
The CFA franc is the common currency of 12 countries in West and Central Africa, including Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Congo, Côte d'Ivoire, Equatorial Guinea, Gabon, Guinea, Mali, Niger, and Togo. The currency is pegged to the euro and is guaranteed by the French treasury.
Today's Exchange Rate: 1 USD to CFA
As of today, the exchange rate on MoneyGram is as follows:
1 USD = 575-600 CFA
Please note that exchange rates can fluctuate frequently and may vary depending on the location and time of day. We recommend checking the MoneyGram website or visiting a local agent for the most up-to-date rates.
How to Send Money with MoneyGram
Sending money with MoneyGram is a straightforward process. Here's a step-by-step guide:
Online
- Visit the MoneyGram website: Go to MoneyGram's official website and select "Send Money" to start the process.
- Enter the recipient's details: Fill in your recipient's name, address, and phone number.
- Choose the payment method: Select how you want to pay for the transfer, such as with a debit or credit card.
- Review and confirm: Review the transaction details and confirm the payment.
In-Person
- Find a MoneyGram agent location: Visit a MoneyGram agent location near you.
- Fill out the transfer form: Complete the transfer form with your recipient's details.
- Pay for the transfer: Hand over the cash and pay for the transfer.
- Get a receipt: Receive a receipt with the reference number.
Conclusion
Sending money to loved ones in West or Central Africa can be a convenient and secure process with MoneyGram. By knowing the current exchange rate, you can plan your transfer and ensure that your recipient receives the maximum amount. Remember to check the exchange rate regularly and follow the simple steps outlined above to send money with ease.
