Compare today's EUR to SOS (Euro to Somali Shilling) exchange rates
Interbank Exchange Rate: 1 EUR = 664.3489 SOS
Updated about an hour ago
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All you need to know about Euro to Somali Shilling money transfers
Easily compare money transfer providers in one place to send money from Belgium to Somalia. Send money overseas to your loved ones by comparing Euro (EUR) 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.
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Latest EUR to SOS Conversion Rates
Here are some latest EUR to SOS (Euro to Somali Shilling) exchange rates for popular conversion amounts*.
| 1 EUR | 664.35 SOS |
| 5 EUR | 3,321.74 SOS |
| 10 EUR | 6,643.49 SOS |
| 25 EUR | 16,608.72 SOS |
| 50 EUR | 33,217.45 SOS |
| 100 EUR | 66,434.89 SOS |
| 150 EUR | 99,652.33 SOS |
| 200 EUR | 132,869.78 SOS |
| 250 EUR | 166,087.22 SOS |
| 300 EUR | 199,304.67 SOS |
| 400 EUR | 265,739.56 SOS |
| 500 EUR | 332,174.45 SOS |
| 600 EUR | 398,609.34 SOS |
| 700 EUR | 465,044.23 SOS |
| 800 EUR | 531,479.12 SOS |
| 1,000 EUR | 664,348.90 SOS |
| 1,500 EUR | 996,523.35 SOS |
| 2,000 EUR | 1,328,697.80 SOS |
| 2,500 EUR | 1,660,872.25 SOS |
| 3,000 EUR | 1,993,046.70 SOS |
| 4,000 EUR | 2,657,395.60 SOS |
| 5,000 EUR | 3,321,744.50 SOS |
| 10,000 EUR | 6,643,489.00 SOS |
| 15,000 EUR | 9,965,233.50 SOS |
| 20,000 EUR | 13,286,978.00 SOS |
| 30,000 EUR | 19,930,467.00 SOS |
| 40,000 EUR | 26,573,956.00 SOS |
| 50,000 EUR | 33,217,445.00 SOS |
| 100,000 EUR | 66,434,890.00 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 Belgium to Somalia money transfers?
With the global remittance market booming, there are so many choices for Euro to SOS money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Somalia from Belgium. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.
We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final SOS amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.
How to get the best remit rate for transferring money from Belgium to Somalia?
With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Belgium to Somalia transfers.RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your EUR to Somali Shilling international money transfers.
To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Euro to Somali Shilling exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.
What's the cheapest way to send money to Somalia from Belgium?
One of the most important things to watch out for is hidden fees when sending money to Somalia from Belgium. 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 EUR 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 Belgium.
How to send money from Belgium to Somalia through a bank?
There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low EUR to SOS exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Belgium to Somalia money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.
Most of the remittance companies today offer bank to bank transfers for sending money to Somalia from Belgium. They do this by letting you fund your transaction through your local bank account in Belgium, and by allowing you to choose the payout to be your recipient's bank account in Somalia. But, you are likely to get much better rates and lower fees compared to your bank.
What is the fastest way to transfer money from Belgium to Somalia?
If you need to convert EUR 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 Belgium 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 Euro 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 Belgium 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 from Belgium to Somalia?
Comparing money transfer companies for sending money to Somalia from Belgium 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 Euro 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 Euro that you send.
Step by step guide to do a money transfer from Belgium to Somalia
Follow the below easy steps to send money to Somalia from Belgium.- 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 Belgium 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.
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.