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

Compare today's XOF to SOS (CFA Franc BCEAO to Somali Shilling) exchange rates

Senegal
Somalia
XOF

Interbank Exchange Rate: 1 XOF = 1.0256 SOS
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about CFA Franc BCEAO to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Senegal to Somalia. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) 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 Senegal.

Were you looking to send money from Somalia to Senegal 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 XOF to SOS Conversion Rates

Here are some latest XOF to SOS (CFA Franc BCEAO to Somali Shilling) exchange rates for popular conversion amounts*.

1 XOF1.03 SOS
5 XOF5.13 SOS
10 XOF10.26 SOS
25 XOF25.64 SOS
50 XOF51.28 SOS
100 XOF102.56 SOS
150 XOF153.84 SOS
200 XOF205.12 SOS
250 XOF256.40 SOS
300 XOF307.68 SOS
400 XOF410.24 SOS
500 XOF512.80 SOS
600 XOF615.36 SOS
700 XOF717.92 SOS
800 XOF820.48 SOS
1,000 XOF1,025.60 SOS
1,500 XOF1,538.40 SOS
2,000 XOF2,051.20 SOS
2,500 XOF2,564.00 SOS
3,000 XOF3,076.80 SOS
4,000 XOF4,102.40 SOS
5,000 XOF5,128.00 SOS
10,000 XOF10,256.00 SOS
15,000 XOF15,384.00 SOS
20,000 XOF20,512.00 SOS
30,000 XOF30,768.00 SOS
40,000 XOF41,024.00 SOS
50,000 XOF51,280.00 SOS
100,000 XOF102,560.00 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 Senegal?

With the global remittance market booming, there are so many choices for CFA Franc BCEAO 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 Senegal. 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 rate to transfer money to Somalia from Senegal?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Somalia from Senegal. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your XOF to Somali Shilling money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Senegal to Somalia corridor to give you more good choices for your next SOS money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to send money to Somalia from Senegal?

The final amount your recipient gets when you send XOF 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 Senegal 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 CFA Franc BCEAO 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 Senegal to Somalia?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Senegal to Somalia money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like XOF to SOS transfers.

Given this, there are umpteen additional options to send money to Somalia instead of just your Senegal bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your CFA Franc BCEAO even more so that your recipient in Somalia gets the maximum amount.


What is the fastest way to do a money transfer to Somalia from Senegal?

If you need to convert XOF 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 Senegal 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 CFA Franc BCEAO 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 Senegal 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 to Somalia from Senegal?

Since the CFA Franc BCEAO 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 Senegal 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 XOF 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 Senegal to Somalia transaction.


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

There are many important aspects of Senegal to Somalia remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Senegal bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include SOS bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much CFA Franc BCEAO amount you want to send from Senegal.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Somalia to validate that they get the money once the transaction clears.