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Compare today's MYR to SOS (Malaysian Ringgit to Somali Shilling) exchange rates

Malaysia
Somalia
MYR
Interbank Exchange Rate: 1 MYR = 138.2946 SOS
Updated about an hour ago

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All you need to know about Malaysian Ringgit to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Malaysia to Somalia. Send money overseas to your loved ones by comparing Malaysian Ringgit (MYR) 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.

Were you looking to send money from Somalia to Malaysia instead?

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.

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.


Latest MYR to SOS Conversion Rates

Here are some latest MYR to SOS (Malaysian Ringgit to Somali Shilling) exchange rates for popular conversion amounts*.

1 MYR138.29 SOS
5 MYR691.47 SOS
10 MYR1,382.95 SOS
25 MYR3,457.37 SOS
50 MYR6,914.73 SOS
100 MYR13,829.46 SOS
150 MYR20,744.19 SOS
200 MYR27,658.92 SOS
250 MYR34,573.65 SOS
300 MYR41,488.38 SOS
400 MYR55,317.84 SOS
500 MYR69,147.30 SOS
600 MYR82,976.76 SOS
700 MYR96,806.22 SOS
800 MYR110,635.68 SOS
1,000 MYR138,294.60 SOS
1,500 MYR207,441.90 SOS
2,000 MYR276,589.20 SOS
2,500 MYR345,736.50 SOS
3,000 MYR414,883.80 SOS
4,000 MYR553,178.40 SOS
5,000 MYR691,473.00 SOS
10,000 MYR1,382,946.00 SOS
15,000 MYR2,074,419.00 SOS
20,000 MYR2,765,892.00 SOS
30,000 MYR4,148,838.00 SOS
40,000 MYR5,531,784.00 SOS
50,000 MYR6,914,730.00 SOS
100,000 MYR13,829,460.00 SOS

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Malaysia to Somalia money transfers?

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 Malaysia 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 Malaysian Ringgit 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 MYR 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 Malaysia. 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 Malaysia to Somalia?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Somalia from Malaysia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MYR to Somali Shilling remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for MYR to SOS remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way for transferring money to Somalia from Malaysia?

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 Malaysia 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 Malaysian Ringgit 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 Malaysia 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 MYR to SOS remittances.


How to send money to Somalia from Malaysia through a bank?

Big banks in Malaysia are known to make a lot of money by charging high fees on Somalia money transfers from Malaysia. 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 MYR 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 Malaysia to Somalia. You work hard for your money, so you should also ensure you get the maximum yield when you send SOS overseas.


How to send money from Malaysia to Somalia fast?

The speed of your Malaysian Ringgit to Somali Shilling funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MYR to SOS. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Somalia from Malaysia is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Somalia if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout SOS into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Malaysia bank to Somalia bank transfer.


Which are the best money transfer companies to send money from Malaysia to Somalia?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Malaysia to Somalia, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Malaysian Ringgit to Somali Shilling exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your SOS money transfers to Somalia. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Somalia getting more money for every Malaysian Ringgit you send.


Step by step guide to transfer money to Somalia from Malaysia

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Malaysia to Somalia, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Malaysia to Somalia that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Somalia where they can receive monies in Somali Shilling.
  • Then, provide details of your Malaysia bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your MYR travel to another part of the globe.