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Compare today's EGP to SOS (Egyptian Pound to Somali Shilling) exchange rates

Egypt
Somalia
EGP

Interbank Exchange Rate: 1 EGP = 12.1692 SOS
Updated about an hour ago

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All you need to know about Egyptian Pound to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Egypt to Somalia. Send money overseas to your loved ones by comparing Egyptian Pound (EGP) 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 Egypt.

Were you looking to send money from Somalia to Egypt 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 EGP to SOS Conversion Rates

Here are some latest EGP to SOS (Egyptian Pound to Somali Shilling) exchange rates for popular conversion amounts*.

1 EGP12.17 SOS
5 EGP60.85 SOS
10 EGP121.69 SOS
25 EGP304.23 SOS
50 EGP608.46 SOS
100 EGP1,216.92 SOS
150 EGP1,825.38 SOS
200 EGP2,433.84 SOS
250 EGP3,042.30 SOS
300 EGP3,650.76 SOS
400 EGP4,867.68 SOS
500 EGP6,084.60 SOS
600 EGP7,301.52 SOS
700 EGP8,518.44 SOS
800 EGP9,735.36 SOS
1,000 EGP12,169.20 SOS
1,500 EGP18,253.80 SOS
2,000 EGP24,338.40 SOS
2,500 EGP30,423.00 SOS
3,000 EGP36,507.60 SOS
4,000 EGP48,676.80 SOS
5,000 EGP60,846.00 SOS
10,000 EGP121,692.00 SOS
15,000 EGP182,538.00 SOS
20,000 EGP243,384.00 SOS
30,000 EGP365,076.00 SOS
40,000 EGP486,768.00 SOS
50,000 EGP608,460.00 SOS
100,000 EGP1,216,920.00 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 Egypt to Somalia?

With the global remittance market booming, there are so many choices for Egyptian Pound 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 Egypt. 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 Egypt to Somalia?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Somalia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Egypt to Somalia transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your EGP to Somali Shilling money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


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

The final amount your recipient gets when you send EGP to SOS is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Egypt to Somalia used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Somali Shilling is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Egyptian Pound to Somalia exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


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

We do not recommend using your local bank in Egypt for your next EGP 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 Egypt 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 Egypt 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 Egypt?

If you need to convert EGP 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 Egypt 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 Egyptian Pound 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 Egypt 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 Egypt to Somalia?

Egypt to Somalia money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Somalia as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Egyptian Pound to Somali Shilling money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to transfer money to Somalia from Egypt

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 Egypt 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 Egypt 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 Egypt 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.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your EGP travel to another part of the globe.