Compare today's BSD to SOS (Bahamian Dollar to Somali Shilling) exchange rates
Interbank Exchange Rate: 1 BSD = 570.7037 SOS
Updated about an hour ago
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All you need to know about Bahamian Dollar to Somali Shilling money transfers
Easily compare money transfer providers in one place to send money from Bahamas to Somalia. Send money overseas to your loved ones by comparing Bahamian Dollar (BSD) 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 Bahamas.
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Latest BSD to SOS Conversion Rates
Here are some latest BSD to SOS (Bahamian Dollar to Somali Shilling) exchange rates for popular conversion amounts*.
| 1 BSD | 570.70 SOS |
| 5 BSD | 2,853.52 SOS |
| 10 BSD | 5,707.04 SOS |
| 25 BSD | 14,267.59 SOS |
| 50 BSD | 28,535.19 SOS |
| 100 BSD | 57,070.37 SOS |
| 150 BSD | 85,605.56 SOS |
| 200 BSD | 114,140.74 SOS |
| 250 BSD | 142,675.93 SOS |
| 300 BSD | 171,211.11 SOS |
| 400 BSD | 228,281.48 SOS |
| 500 BSD | 285,351.85 SOS |
| 600 BSD | 342,422.22 SOS |
| 700 BSD | 399,492.59 SOS |
| 800 BSD | 456,562.96 SOS |
| 1,000 BSD | 570,703.70 SOS |
| 1,500 BSD | 856,055.55 SOS |
| 2,000 BSD | 1,141,407.40 SOS |
| 2,500 BSD | 1,426,759.25 SOS |
| 3,000 BSD | 1,712,111.10 SOS |
| 4,000 BSD | 2,282,814.80 SOS |
| 5,000 BSD | 2,853,518.50 SOS |
| 10,000 BSD | 5,707,037.00 SOS |
| 15,000 BSD | 8,560,555.50 SOS |
| 20,000 BSD | 11,414,074.00 SOS |
| 30,000 BSD | 17,121,111.00 SOS |
| 40,000 BSD | 22,828,148.00 SOS |
| 50,000 BSD | 28,535,185.00 SOS |
| 100,000 BSD | 57,070,370.00 SOS |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to send money from Bahamas to Somalia?
Sending money internationally to Somalia from Bahamas 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 Bahamian Dollar 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 your money transfers from Bahamas 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 Bahamas.At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your BSD 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 BSD 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 for transferring money to Somalia from Bahamas?
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 Bahamas 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 Bahamian Dollar 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 Bahamas 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 BSD to SOS remittances.
How to send money to Somalia from Bahamas through a bank?
We do not recommend using your local bank in Bahamas for your next BSD 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 Bahamas 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 Bahamas 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 transfer money from Bahamas to Somalia?
It could be a stressful experience if you need to rush money quickly from Bahamas to Somalia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?First, you should ensure that you are picking the right payment method to convert BSD to SOS. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.
Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Somali Shilling. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.
Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Bahamas to Somalia money transfers.
Which are the best money transfer companies to send money from Bahamas to Somalia?
Comparing money transfer companies for sending money to Somalia from Bahamas 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 Bahamian Dollar 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 Bahamian Dollar that you send.
Step by step guide to send money from Bahamas to Somalia
Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Bahamas to Somalia, then please continue to read.One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Bahamas to Somalia that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.
Once you identify your provider of choice, follow the below step by step guide to send money.
- Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
- Provide information about the receiver - name, address and a bank account in Somalia where they can receive monies in Somali Shilling.
- Then, provide details of your Bahamas bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
- Finally, select the amount you want to transfer, and click Send.
- The provider will start your transaction, and keep you updated on the progress of your transfer.