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Compare today's USD to SOS (US Dollar to Somali Shilling) exchange rates

American Samoa
Somalia
USD

Interbank Exchange Rate: 1 USD = 568.6866 SOS
Updated about 1 hours ago

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All you need to know about US Dollar to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from American Samoa to Somalia. Send money overseas to your loved ones by comparing US Dollar (USD) to Somali Shilling (SOS) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from American Samoa.

Were you looking to send money from Somalia to American Samoa instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest USD to SOS Conversion Rates

Here are some latest USD to SOS (US Dollar to Somali Shilling) exchange rates for popular conversion amounts*.

1 USD568.69 SOS
5 USD2,843.43 SOS
10 USD5,686.87 SOS
25 USD14,217.17 SOS
50 USD28,434.33 SOS
100 USD56,868.66 SOS
150 USD85,302.99 SOS
200 USD113,737.32 SOS
250 USD142,171.65 SOS
300 USD170,605.98 SOS
400 USD227,474.64 SOS
500 USD284,343.30 SOS
600 USD341,211.96 SOS
700 USD398,080.62 SOS
800 USD454,949.28 SOS
1,000 USD568,686.60 SOS
1,500 USD853,029.90 SOS
2,000 USD1,137,373.20 SOS
2,500 USD1,421,716.50 SOS
3,000 USD1,706,059.80 SOS
4,000 USD2,274,746.40 SOS
5,000 USD2,843,433.00 SOS
10,000 USD5,686,866.00 SOS
15,000 USD8,530,299.00 SOS
20,000 USD11,373,732.00 SOS
30,000 USD17,060,598.00 SOS
40,000 USD22,747,464.00 SOS
50,000 USD28,434,330.00 SOS
100,000 USD56,868,660.00 SOS

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do American Samoa to Somalia money transfers?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from American Samoa to Somalia. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer United States Dollar to SOS.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send USD to SOS in Somalia. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Somalia from American Samoa. We provide you with maximum choices to send money to Somalia by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for sending money from American Samoa to Somalia?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your USD to Somali Shilling money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from American Samoa to Somalia. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for USD to SOS remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to send money to Somalia from American Samoa?

One of the most important things to watch out for is hidden fees when sending money to Somalia from American Samoa. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Somalia using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Somali Shilling foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best USD to Somalia exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Somalia from American Samoa.


Should I use my bank to transfer money from American Samoa to Somalia?

Bank transfers have been a traditionally popular way to send money overseas from American Samoa to Somalia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the USD to SOS exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your American Samoa bank for your Somalia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


What is the fastest way to do a money transfer to Somalia from American Samoa?

If you need to convert USD to SOS as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from American Samoa to Somalia could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your United States Dollar to Somali Shilling funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Somalia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from American Samoa to Somalia. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money from American Samoa to Somalia?

Since the United States Dollar to Somali Shilling money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in American Samoa that may also be able to send money to Somalia. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your USD to SOS money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Somalia gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next American Samoa to Somalia transaction.


Step by step guide to send money from American Samoa to Somalia

Follow the below easy steps to send money to Somalia from American Samoa.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your American Samoa bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Somalia).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your USD to SOS remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.