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Compare today's AMD to SOS (Armenian Dram to Somali Shilling) exchange rates

Armenia
Somalia
AMD

Interbank Exchange Rate: 1 AMD = 1.5112 SOS
Updated about an hour ago

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All you need to know about Armenian Dram to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Armenia to Somalia. Send money overseas to your loved ones by comparing Armenian Dram (AMD) 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 Armenia.

Were you looking to send money from Somalia to Armenia 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 AMD to SOS Conversion Rates

Here are some latest AMD to SOS (Armenian Dram to Somali Shilling) exchange rates for popular conversion amounts*.

1 AMD1.51 SOS
5 AMD7.56 SOS
10 AMD15.11 SOS
25 AMD37.78 SOS
50 AMD75.56 SOS
100 AMD151.12 SOS
150 AMD226.68 SOS
200 AMD302.24 SOS
250 AMD377.80 SOS
300 AMD453.36 SOS
400 AMD604.48 SOS
500 AMD755.60 SOS
600 AMD906.72 SOS
700 AMD1,057.84 SOS
800 AMD1,208.96 SOS
1,000 AMD1,511.20 SOS
1,500 AMD2,266.80 SOS
2,000 AMD3,022.40 SOS
2,500 AMD3,778.00 SOS
3,000 AMD4,533.60 SOS
4,000 AMD6,044.80 SOS
5,000 AMD7,556.00 SOS
10,000 AMD15,112.00 SOS
15,000 AMD22,668.00 SOS
20,000 AMD30,224.00 SOS
30,000 AMD45,336.00 SOS
40,000 AMD60,448.00 SOS
50,000 AMD75,560.00 SOS
100,000 AMD151,120.00 SOS

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


What's the best way to transfer money from Armenia to Somalia?

Sending money internationally to Somalia from Armenia can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Armenian Dram to SOS remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Somalia. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Somali Shilling.


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

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Somalia from Armenia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your AMD to Somali Shilling remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for AMD to SOS remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to transfer money from Armenia to Somalia?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Armenia to Somalia via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Armenian Dram to Somali Shilling remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Armenia to Somalia exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for AMD to SOS remittances.


How to send money to Somalia from Armenia through a bank?

We do not recommend using your local bank in Armenia for your next AMD to SOS overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Armenia to Somalia (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending SOS to Somalia. These companies will let you use your local bank account in Armenia to pay for your Somalia money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


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

If you need to convert AMD 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 Armenia 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 Armenian Dram 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 Armenia 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 transfer money to Somalia from Armenia?

Comparing money transfer companies for sending money to Somalia from Armenia can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Somalia. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Armenian Dram to Somali Shilling transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Somali Shilling yield on every Armenian Dram that you send.


Step by step guide to send money to Somalia from Armenia

There are many important aspects of Armenia to Somalia remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Armenia bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include SOS bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Armenian Dram amount you want to send from Armenia.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Somalia to validate that they get the money once the transaction clears.