Where to exchange money in Cotonou
Before you set out exploring in Cotonou, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Cotonou that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Where to exchange money in Cotonou
Before you set out exploring in Cotonou, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Cotonou that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Spend abroad without hidden fees
Currency exchanges in Cotonou
We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Cotonou below.
Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.
| Money Changer | Address | Contact Information |
|---|---|---|
| OSF-CENTER | RNIE2, Cotonou, Benin | +229 01 97 79 22 53 |
| AYM Exchange | Boulevard Boa, 9C9J+6G3, Cotonou, Benin | +229 01 91 02 88 31 |
| ECO EXCHANGE | RECETTE PRINCIPALE, 01 BP 390, Cotonou, Benin | +229 01 96 21 15 40 |
| AFRICA FINANCE | 9C59+9MW, Cotonou, Benin | +229 01 95 92 92 92 |
| YA Exchange | 444, Cotonou, Benin | +229 01 52 50 07 23 |
| SALEM ET FILS | 05BP301, Cotonou, Benin | +229 01 97 14 54 98 |
| Change Express | Carrefour Vodjè Rails, 9C73+597, Cotonou, Benin | |
| Beloved Trades | 9FCV+8VC Beside Le berlier pharmacy, Cotonou, Benin | +229 01 99 20 92 99 |
| Farat & Associes | 9C8C+G4R, Rue 403, Cotonou, Benin | +229 01 97 87 19 99 |
| Africa-Consult | 99CR+4F9, Cotonou, Benin | +229 01 21 31 69 10 |
| The king's court | Boulevard Steinmetz, Cotonou Rue 107 Rue 107 en face de la banque Ecobank Steinmetz, Cotonou, Benin | +229 01 60 73 79 29 |
| CHANGE EXPRESS | 02 BP 248, Cotonou, Benin | +229 01 96 27 71 71 |
| BENEFIK-EXPRESS SARL | Carrefour Vodjè Rails, Cotonou, Benin | +229 01 44 33 33 33 |
| LA FINANCIERE SA (FINA) | C/165 Atinkanmey, Cotonou, Benin | +229 01 64 24 75 75 |
| HIT 4EVER | Cotonou, Benin | +229 01 96 09 01 88 |
| LRN Change Manuel | 01 BP 6468, Cotonou, Benin | +229 01 97 00 50 36 |
| POLLUX BUSINESS CENTER | Unnamed Road, Abomey Calavi, Benin | +229 01 66 16 56 46 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
CFA franc BCEAO rate today
When you're in Cotonou, and also the rest of Benin, the official currency is the CFA franc BCEAO.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the CFA franc BCEAO is XOF, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in Cotonou
When exchanging money in Cotonou or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Benin long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in CFA francs BCEAO for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Benin banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Cotonou. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.