Compare today's LAK to SOS (Lao Kip to Somali Shilling) exchange rates
Interbank Exchange Rate: 1 LAK = 0.0266 SOS
Updated about an hour ago
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All you need to know about Lao Kip to Somali Shilling money transfers
Easily compare money transfer providers in one place to send money from Laos to Somalia. Send money overseas to your loved ones by comparing Lao Kip (LAK) 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 Laos.
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Latest LAK to SOS Conversion Rates
Here are some latest LAK to SOS (Lao Kip to Somali Shilling) exchange rates for popular conversion amounts*.
| 1 LAK | 0.03 SOS |
| 5 LAK | 0.13 SOS |
| 10 LAK | 0.27 SOS |
| 25 LAK | 0.66 SOS |
| 50 LAK | 1.33 SOS |
| 100 LAK | 2.66 SOS |
| 150 LAK | 3.99 SOS |
| 200 LAK | 5.32 SOS |
| 250 LAK | 6.65 SOS |
| 300 LAK | 7.98 SOS |
| 400 LAK | 10.64 SOS |
| 500 LAK | 13.30 SOS |
| 600 LAK | 15.96 SOS |
| 700 LAK | 18.62 SOS |
| 800 LAK | 21.28 SOS |
| 1,000 LAK | 26.60 SOS |
| 1,500 LAK | 39.90 SOS |
| 2,000 LAK | 53.20 SOS |
| 2,500 LAK | 66.50 SOS |
| 3,000 LAK | 79.80 SOS |
| 4,000 LAK | 106.40 SOS |
| 5,000 LAK | 133.00 SOS |
| 10,000 LAK | 266.00 SOS |
| 15,000 LAK | 399.00 SOS |
| 20,000 LAK | 532.00 SOS |
| 30,000 LAK | 798.00 SOS |
| 40,000 LAK | 1,064.00 SOS |
| 50,000 LAK | 1,330.00 SOS |
| 100,000 LAK | 2,660.00 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 Laos to Somalia?
Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Laos to Somalia. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Lao Kip to SOS.You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send LAK to SOS in Somalia. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.
With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Somalia from Laos. We provide you with maximum choices to send money to Somalia by comparing competing money transfer companies thereby making you the winner in the end.
How to get the best remit rate for transferring money from Laos 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 Laos 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 LAK 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 for transferring money to Somalia from Laos?
The final amount your recipient gets when you send LAK 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 Laos 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 Lao Kip 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.
Should I use my bank to send money from Laos to Somalia?
We do not recommend using your local bank in Laos for your next LAK 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 Laos 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 Laos 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 Laos?
It could be a stressful experience if you need to rush money quickly from Laos 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 LAK 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 Laos to Somalia money transfers.
Which are the best money transfer companies to transfer money to Somalia from Laos?
Since the Lao Kip 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 Laos 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 LAK 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 Laos to Somalia transaction.
Step by step guide to transfer money to Somalia from Laos
Follow the below easy steps to send money to Somalia from Laos.- 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 Laos 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.