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Compare today's MVR to SOS (Maldivian Rufiyaa to Somali Shilling) exchange rates

Maldives
Somalia
MVR

Interbank Exchange Rate: 1 MVR = 36.8082 SOS
Updated about an hour ago

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All you need to know about Maldivian Rufiyaa to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Maldives to Somalia. Send money overseas to your loved ones by comparing Maldivian Rufiyaa (MVR) 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 Maldives.

Were you looking to send money from Somalia to Maldives 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 MVR to SOS Conversion Rates

Here are some latest MVR to SOS (Maldivian Rufiyaa to Somali Shilling) exchange rates for popular conversion amounts*.

1 MVR36.81 SOS
5 MVR184.04 SOS
10 MVR368.08 SOS
25 MVR920.20 SOS
50 MVR1,840.41 SOS
100 MVR3,680.82 SOS
150 MVR5,521.23 SOS
200 MVR7,361.64 SOS
250 MVR9,202.05 SOS
300 MVR11,042.46 SOS
400 MVR14,723.28 SOS
500 MVR18,404.10 SOS
600 MVR22,084.92 SOS
700 MVR25,765.74 SOS
800 MVR29,446.56 SOS
1,000 MVR36,808.20 SOS
1,500 MVR55,212.30 SOS
2,000 MVR73,616.40 SOS
2,500 MVR92,020.50 SOS
3,000 MVR110,424.60 SOS
4,000 MVR147,232.80 SOS
5,000 MVR184,041.00 SOS
10,000 MVR368,082.00 SOS
15,000 MVR552,123.00 SOS
20,000 MVR736,164.00 SOS
30,000 MVR1,104,246.00 SOS
40,000 MVR1,472,328.00 SOS
50,000 MVR1,840,410.00 SOS
100,000 MVR3,680,820.00 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 Maldives?

Sending money internationally to Somalia from Maldives can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Maldivian Rufiyaa to SOS remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Somalia. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Somali Shilling.


How to get the best exchange rate for your money transfers from Maldives 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 Maldives 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 MVR 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 from Maldives to Somalia?

One of the most important things to watch out for is hidden fees when sending money to Somalia from Maldives. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Somalia using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Somali Shilling foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MVR to Somalia exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Somalia from Maldives.


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

Big banks in Maldives are known to make a lot of money by charging high fees on Somalia money transfers from Maldives. 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 MVR 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 Maldives 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 do a money transfer to Somalia from Maldives?

The first thing to do when you need to convert MVR 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 Maldivian Rufiyaa 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 Maldives 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 Maldives to Somalia?

The first step in selecting the best money transfer operators for Maldives to Somalia remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Maldivian Rufiyaa to Somali Shilling money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Somalia.


Step by step guide to transfer money to Somalia from Maldives

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 Maldives 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 Maldives 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 Maldives 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 MVR travel to another part of the globe.