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Compare today's MWK to SOS (Malawian Kwacha to Somali Shilling) exchange rates

Malawi
Somalia
MWK

Interbank Exchange Rate: 1 MWK = 0.3281 SOS
Updated about an hour ago

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All you need to know about Malawian Kwacha to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Malawi to Somalia. Send money overseas to your loved ones by comparing Malawian Kwacha (MWK) 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 Malawi.

Were you looking to send money from Somalia to Malawi 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 MWK to SOS Conversion Rates

Here are some latest MWK to SOS (Malawian Kwacha to Somali Shilling) exchange rates for popular conversion amounts*.

1 MWK0.33 SOS
5 MWK1.64 SOS
10 MWK3.28 SOS
25 MWK8.20 SOS
50 MWK16.41 SOS
100 MWK32.81 SOS
150 MWK49.22 SOS
200 MWK65.62 SOS
250 MWK82.03 SOS
300 MWK98.43 SOS
400 MWK131.24 SOS
500 MWK164.05 SOS
600 MWK196.86 SOS
700 MWK229.67 SOS
800 MWK262.48 SOS
1,000 MWK328.10 SOS
1,500 MWK492.15 SOS
2,000 MWK656.20 SOS
2,500 MWK820.25 SOS
3,000 MWK984.30 SOS
4,000 MWK1,312.40 SOS
5,000 MWK1,640.50 SOS
10,000 MWK3,281.00 SOS
15,000 MWK4,921.50 SOS
20,000 MWK6,562.00 SOS
30,000 MWK9,843.00 SOS
40,000 MWK13,124.00 SOS
50,000 MWK16,405.00 SOS
100,000 MWK32,810.00 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 to Somalia from Malawi?

With the global remittance market booming, there are so many choices for Malawian Kwacha 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 Malawi. 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 exchange rate for sending money from Malawi 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 Malawi 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 MWK 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 Malawian Kwacha 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 Malawi to Somalia?

The final amount your recipient gets when you send MWK 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 Malawi 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 Malawian Kwacha 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 to Somalia from Malawi through a bank?

Big banks in Malawi are known to make a lot of money by charging high fees on Somalia money transfers from Malawi. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a MWK to SOS exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Somalia. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Malawi to Somalia. You work hard for your money, so you should also ensure you get the maximum yield when you send SOS overseas.


What is the fastest way to transfer money from Malawi to Somalia?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Malawi to Somalia. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert MWK to SOS fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Malawian Kwacha amount reaching Somalia. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Somali Shilling quickly to Somalia, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to transfer money to Somalia from Malawi?

Comparing money transfer companies for sending money to Somalia from Malawi 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 Malawian Kwacha 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 Malawian Kwacha that you send.


Step by step guide to send money to Somalia from Malawi

With so many possible ways to transfer Malawian Kwacha to Somali Shilling, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Malawi to Somalia remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Malawi and the receiver in Somalia. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your MWK to Somali Shilling money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.