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Compare today's LYD to SOS (Libyan Dinar to Somali Shilling) exchange rates

Libya
Somalia
LYD

Interbank Exchange Rate: 1 LYD = 90.2571 SOS
Updated about an hour ago

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All you need to know about Libyan Dinar to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Libya to Somalia. Send money overseas to your loved ones by comparing Libyan Dinar (LYD) 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 Libya.

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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 LYD to SOS Conversion Rates

Here are some latest LYD to SOS (Libyan Dinar to Somali Shilling) exchange rates for popular conversion amounts*.

1 LYD90.26 SOS
5 LYD451.29 SOS
10 LYD902.57 SOS
25 LYD2,256.43 SOS
50 LYD4,512.86 SOS
100 LYD9,025.71 SOS
150 LYD13,538.56 SOS
200 LYD18,051.42 SOS
250 LYD22,564.27 SOS
300 LYD27,077.13 SOS
400 LYD36,102.84 SOS
500 LYD45,128.55 SOS
600 LYD54,154.26 SOS
700 LYD63,179.97 SOS
800 LYD72,205.68 SOS
1,000 LYD90,257.10 SOS
1,500 LYD135,385.65 SOS
2,000 LYD180,514.20 SOS
2,500 LYD225,642.75 SOS
3,000 LYD270,771.30 SOS
4,000 LYD361,028.40 SOS
5,000 LYD451,285.50 SOS
10,000 LYD902,571.00 SOS
15,000 LYD1,353,856.50 SOS
20,000 LYD1,805,142.00 SOS
30,000 LYD2,707,713.00 SOS
40,000 LYD3,610,284.00 SOS
50,000 LYD4,512,855.00 SOS
100,000 LYD9,025,710.00 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 Libya 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 Libya 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 Libyan Dinar 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 LYD 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 Libya. 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 exchange rate for sending money from Libya 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 Libya 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 LYD 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 send money to Somalia from Libya?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Libya to Somalia via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Libyan Dinar to Somali Shilling remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Libya to Somalia exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for LYD to SOS remittances.


Should I use my bank to transfer money from Libya 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 LYD 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 Libya 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 Libya. They do this by letting you fund your transaction through your local bank account in Libya, 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 Libya to Somalia?

The first thing to do when you need to convert LYD 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 Libyan Dinar 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 Libya 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 send money from Libya to Somalia?

Since the Libyan 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 Libya 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 LYD 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 Libya to Somalia transaction.


Step by step guide to send money from Libya to Somalia

The first step to send money to Somalia from Libya is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your LYD to SOS overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Somalia if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Libya bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Somalia!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Libya to Somalia.