Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's EUR to SOS (Euro to Somali Shilling) exchange rates

Reunion
Somalia
EUR

Interbank Exchange Rate: 1 EUR = 673.0679 SOS
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Euro to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Reunion to Somalia. Send money overseas to your loved ones by comparing Euro (EUR) 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 Reunion.

Were you looking to send money from Somalia to Reunion 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 EUR to SOS Conversion Rates

Here are some latest EUR to SOS (Euro to Somali Shilling) exchange rates for popular conversion amounts*.

1 EUR673.07 SOS
5 EUR3,365.34 SOS
10 EUR6,730.68 SOS
25 EUR16,826.70 SOS
50 EUR33,653.40 SOS
100 EUR67,306.79 SOS
150 EUR100,960.19 SOS
200 EUR134,613.58 SOS
250 EUR168,266.98 SOS
300 EUR201,920.37 SOS
400 EUR269,227.16 SOS
500 EUR336,533.95 SOS
600 EUR403,840.74 SOS
700 EUR471,147.53 SOS
800 EUR538,454.32 SOS
1,000 EUR673,067.90 SOS
1,500 EUR1,009,601.85 SOS
2,000 EUR1,346,135.80 SOS
2,500 EUR1,682,669.75 SOS
3,000 EUR2,019,203.70 SOS
4,000 EUR2,692,271.60 SOS
5,000 EUR3,365,339.50 SOS
10,000 EUR6,730,679.00 SOS
15,000 EUR10,096,018.50 SOS
20,000 EUR13,461,358.00 SOS
30,000 EUR20,192,037.00 SOS
40,000 EUR26,922,716.00 SOS
50,000 EUR33,653,395.00 SOS
100,000 EUR67,306,790.00 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 Reunion to Somalia?

There are many good choices when it comes to sending money from Reunion to Somalia. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Euro to SOS money transfers.

We compare different remittance companies to bring you the best options to send money to Somalia from Reunion. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Euro to Somali Shilling money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best rate to transfer money to Somalia from Reunion?

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 Reunion 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 EUR 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 for transferring money to Somalia from Reunion?

One of the most important things to watch out for is hidden fees when sending money to Somalia from Reunion. 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 EUR 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 Reunion.


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

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 EUR 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 Reunion 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 Reunion. They do this by letting you fund your transaction through your local bank account in Reunion, 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.


How to send money from Reunion to Somalia fast?

The speed of your Euro 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 EUR 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 Reunion 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 Reunion bank to Somalia bank transfer.


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

Since the Euro 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 Reunion 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 EUR 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 Reunion to Somalia transaction.


Step by step guide to do a money transfer from Reunion to Somalia

With so many possible ways to transfer Euro 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 Reunion 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 Reunion 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 EUR to Somali Shilling money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.