Compare today's LBP to SOS (Lebanese Pound to Somali Shilling) exchange rates
Interbank Exchange Rate: 1 LBP = 0.0064 SOS
Updated about an hour ago
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All you need to know about Lebanese Pound to Somali Shilling money transfers
Easily compare money transfer providers in one place to send money from Lebanon to Somalia. Send money overseas to your loved ones by comparing Lebanese Pound (LBP) 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 LBP to SOS Conversion Rates
Here are some latest LBP to SOS (Lebanese Pound to Somali Shilling) exchange rates for popular conversion amounts*.
| 1 LBP | 0.01 SOS |
| 5 LBP | 0.03 SOS |
| 10 LBP | 0.06 SOS |
| 25 LBP | 0.16 SOS |
| 50 LBP | 0.32 SOS |
| 100 LBP | 0.64 SOS |
| 150 LBP | 0.96 SOS |
| 200 LBP | 1.28 SOS |
| 250 LBP | 1.60 SOS |
| 300 LBP | 1.92 SOS |
| 400 LBP | 2.56 SOS |
| 500 LBP | 3.20 SOS |
| 600 LBP | 3.84 SOS |
| 700 LBP | 4.48 SOS |
| 800 LBP | 5.12 SOS |
| 1,000 LBP | 6.40 SOS |
| 1,500 LBP | 9.60 SOS |
| 2,000 LBP | 12.80 SOS |
| 2,500 LBP | 16.00 SOS |
| 3,000 LBP | 19.20 SOS |
| 4,000 LBP | 25.60 SOS |
| 5,000 LBP | 32.00 SOS |
| 10,000 LBP | 64.00 SOS |
| 15,000 LBP | 96.00 SOS |
| 20,000 LBP | 128.00 SOS |
| 30,000 LBP | 192.00 SOS |
| 40,000 LBP | 256.00 SOS |
| 50,000 LBP | 320.00 SOS |
| 100,000 LBP | 640.00 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 Lebanon to Somalia?
There are many good choices when it comes to sending money from Lebanon to Somalia. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Lebanese Pound to SOS money transfers.We compare different remittance companies to bring you the best options to send money to Somalia from Lebanon. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.
Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Lebanese Pound to Somali Shilling money transfers. You can take advantage of these deals and make the most of your hard earned money.
How to get the best exchange rate for your money transfers from Lebanon 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 Lebanon 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 LBP 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 Lebanese Pound 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 transfer money from Lebanon to Somalia?
When you want to send money to Somalia from Lebanon, you obviously want the cheapest possible option to maximize the money your recipient gets in Somali Shilling. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your LBP to SOS money transfers.Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Lebanon to Somalia. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.
That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Lebanon to Somalia exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Somali Shilling overseas.
Should I use my bank to transfer money from Lebanon to Somalia?
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 LBP 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 Lebanon 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 Lebanon. They do this by letting you fund your transaction through your local bank account in Lebanon, 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 do a money transfer to Somalia from Lebanon?
The first thing to do when you need to convert LBP to SOS quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.The harder part might be how to identify which providers can execute fast funds transfers between Lebanese Pound and Somali Shilling. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.
To help demystify the unknowns in the end to end Lebanon to Somalia remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Somalia.
Which are the best money transfer companies to transfer money from Lebanon to Somalia?
Comparing money transfer companies for sending money to Somalia from Lebanon 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 Lebanese Pound 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 Lebanese Pound that you send.
Step by step guide to transfer money to Somalia from Lebanon
Follow the below easy steps to send money to Somalia from Lebanon.- 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 Lebanon 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.