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Compare today's NZD to SOS (New Zealand Dollar to Somali Shilling) exchange rates

New Zealand
Somalia
NZD
Interbank Exchange Rate: 1 NZD = 325.1033 SOS
Updated about an hour ago

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All you need to know about New Zealand Dollar to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from New Zealand to Somalia. Send money overseas to your loved ones by comparing New Zealand Dollar (NZD) 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 NZD to SOS Conversion Rates

Here are some latest NZD to SOS (New Zealand Dollar to Somali Shilling) exchange rates for popular conversion amounts*.

1 NZD325.10 SOS
5 NZD1,625.52 SOS
10 NZD3,251.03 SOS
25 NZD8,127.58 SOS
50 NZD16,255.16 SOS
100 NZD32,510.33 SOS
150 NZD48,765.49 SOS
200 NZD65,020.66 SOS
250 NZD81,275.83 SOS
300 NZD97,530.99 SOS
400 NZD130,041.32 SOS
500 NZD162,551.65 SOS
600 NZD195,061.98 SOS
700 NZD227,572.31 SOS
800 NZD260,082.64 SOS
1,000 NZD325,103.30 SOS
1,500 NZD487,654.95 SOS
2,000 NZD650,206.60 SOS
2,500 NZD812,758.25 SOS
3,000 NZD975,309.90 SOS
4,000 NZD1,300,413.20 SOS
5,000 NZD1,625,516.50 SOS
10,000 NZD3,251,033.00 SOS
15,000 NZD4,876,549.50 SOS
20,000 NZD6,502,066.00 SOS
30,000 NZD9,753,099.00 SOS
40,000 NZD13,004,132.00 SOS
50,000 NZD16,255,165.00 SOS
100,000 NZD32,510,330.00 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 New Zealand?

It can be very confusing when sending money from New Zealand to Somalia given so many choices. Additionally, New Zealand Dollar to SOS exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose New Zealand to Somalia as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Somalia from New Zealand. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for New Zealand Dollar to Somali Shilling remittances.


How to get the best exchange rate for sending money from New Zealand 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 New Zealand.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your NZD 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 NZD 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 to send money from New Zealand to Somalia?

The final amount your recipient gets when you send NZD 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 New Zealand 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 New Zealand Dollar 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.


Should I use my bank to send money from New Zealand to Somalia?

Bank transfers have been a traditionally popular way to send money overseas from New Zealand to Somalia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the NZD to SOS exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your New Zealand bank for your Somalia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money to Somalia from New Zealand fast?

If you need to convert NZD to SOS as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from New Zealand to Somalia could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your New Zealand Dollar to Somali Shilling funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Somalia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from New Zealand to Somalia. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


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

Comparing money transfer companies for sending money to Somalia from New Zealand 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 New Zealand Dollar 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 New Zealand Dollar that you send.


Step by step guide to send money to Somalia from New Zealand

The first step to send money to Somalia from New Zealand 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 NZD 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 New Zealand 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 New Zealand to Somalia.