Compare today's IQD to SOS (Iraqi Dinar to Somali Shilling) exchange rates
Interbank Exchange Rate: 1 IQD = 0.4352 SOS
Updated about an hour ago
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All you need to know about Iraqi Dinar to Somali Shilling money transfers
Easily compare money transfer providers in one place to send money from Iraq to Somalia. Send money overseas to your loved ones by comparing Iraqi Dinar (IQD) 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 Iraq.
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Latest IQD to SOS Conversion Rates
Here are some latest IQD to SOS (Iraqi Dinar to Somali Shilling) exchange rates for popular conversion amounts*.
| 1 IQD | 0.44 SOS |
| 5 IQD | 2.18 SOS |
| 10 IQD | 4.35 SOS |
| 25 IQD | 10.88 SOS |
| 50 IQD | 21.76 SOS |
| 100 IQD | 43.52 SOS |
| 150 IQD | 65.28 SOS |
| 200 IQD | 87.04 SOS |
| 250 IQD | 108.80 SOS |
| 300 IQD | 130.56 SOS |
| 400 IQD | 174.08 SOS |
| 500 IQD | 217.60 SOS |
| 600 IQD | 261.12 SOS |
| 700 IQD | 304.64 SOS |
| 800 IQD | 348.16 SOS |
| 1,000 IQD | 435.20 SOS |
| 1,500 IQD | 652.80 SOS |
| 2,000 IQD | 870.40 SOS |
| 2,500 IQD | 1,088.00 SOS |
| 3,000 IQD | 1,305.60 SOS |
| 4,000 IQD | 1,740.80 SOS |
| 5,000 IQD | 2,176.00 SOS |
| 10,000 IQD | 4,352.00 SOS |
| 15,000 IQD | 6,528.00 SOS |
| 20,000 IQD | 8,704.00 SOS |
| 30,000 IQD | 13,056.00 SOS |
| 40,000 IQD | 17,408.00 SOS |
| 50,000 IQD | 21,760.00 SOS |
| 100,000 IQD | 43,520.00 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 Iraq to Somalia?
Sending money internationally to Somalia from Iraq 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 Iraqi Dinar 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 rate to transfer money to Somalia from Iraq?
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 IQD 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 Iraq 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 IQD 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 Iraq?
One of the most important things to watch out for is hidden fees when sending money to Somalia from Iraq. 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 IQD 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 Iraq.
How to send money from Iraq to Somalia through a bank?
Bank transfers have been a traditionally popular way to send money overseas from Iraq 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 IQD 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 Iraq 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.
How to send money to Somalia from Iraq fast?
It could be a stressful experience if you need to rush money quickly from Iraq 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 IQD 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 Iraq to Somalia money transfers.
Which are the best money transfer companies to send money from Iraq to Somalia?
Since the Iraqi Dinar 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 Iraq 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 IQD 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 Iraq to Somalia transaction.
Step by step guide to send money to Somalia from Iraq
Follow the below easy steps to send money to Somalia from Iraq.- 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 Iraq 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.