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Compare today's SGD to SOS (Singapore Dollar to Somali Shilling) exchange rates

Singapore
Somalia
SGD
Interbank Exchange Rate: 1 SGD = 440.5151 SOS
Updated about an hour ago

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All you need to know about Singapore Dollar to Somali Shilling money transfers

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

Here are some latest SGD to SOS (Singapore Dollar to Somali Shilling) exchange rates for popular conversion amounts*.

1 SGD440.52 SOS
5 SGD2,202.58 SOS
10 SGD4,405.15 SOS
25 SGD11,012.88 SOS
50 SGD22,025.76 SOS
100 SGD44,051.51 SOS
150 SGD66,077.27 SOS
200 SGD88,103.02 SOS
250 SGD110,128.78 SOS
300 SGD132,154.53 SOS
400 SGD176,206.04 SOS
500 SGD220,257.55 SOS
600 SGD264,309.06 SOS
700 SGD308,360.57 SOS
800 SGD352,412.08 SOS
1,000 SGD440,515.10 SOS
1,500 SGD660,772.65 SOS
2,000 SGD881,030.20 SOS
2,500 SGD1,101,287.75 SOS
3,000 SGD1,321,545.30 SOS
4,000 SGD1,762,060.40 SOS
5,000 SGD2,202,575.50 SOS
10,000 SGD4,405,151.00 SOS
15,000 SGD6,607,726.50 SOS
20,000 SGD8,810,302.00 SOS
30,000 SGD13,215,453.00 SOS
40,000 SGD17,620,604.00 SOS
50,000 SGD22,025,755.00 SOS
100,000 SGD44,051,510.00 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 Singapore to Somalia?

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 Singapore 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 Singapore Dollar 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 SGD 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 Singapore. 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 exchange rate for your money transfers from Singapore to Somalia?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Somalia from Singapore. 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 SGD 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 Singapore 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 transfer money from Singapore to Somalia?

The final amount your recipient gets when you send SGD 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 Singapore 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 Singapore 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 Singapore 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 Singapore 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 SGD to SOS transfers.

Given this, there are umpteen additional options to send money to Somalia instead of just your Singapore 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 Singapore Dollar even more so that your recipient in Somalia gets the maximum amount.


How to send money from Singapore to Somalia fast?

The first thing to do when you need to convert SGD 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 Singapore Dollar 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 Singapore 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 send money to Somalia from Singapore?

The first step in selecting the best money transfer operators for Singapore 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 Singapore Dollar 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 send money to Somalia from Singapore

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