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Compare today's SBD to MWK (Solomon Islands Dollar to Malawian Kwacha) exchange rates

Solomon Islands
Malawi
SBD

Interbank Exchange Rate: 1 SBD = 215.2557 MWK
Updated about an hour ago

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All you need to know about Solomon Islands Dollar to Malawian Kwacha money transfers

Easily compare money transfer providers in one place to send money from Solomon Islands to Malawi. Send money overseas to your loved ones by comparing Solomon Islands Dollar (SBD) to Malawian Kwacha (MWK) 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 Solomon Islands.

Were you looking to send money from Malawi to Solomon Islands 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 SBD to MWK Conversion Rates

Here are some latest SBD to MWK (Solomon Islands Dollar to Malawian Kwacha) exchange rates for popular conversion amounts*.

1 SBD215.26 MWK
5 SBD1,076.28 MWK
10 SBD2,152.56 MWK
25 SBD5,381.39 MWK
50 SBD10,762.79 MWK
100 SBD21,525.57 MWK
150 SBD32,288.36 MWK
200 SBD43,051.14 MWK
250 SBD53,813.92 MWK
300 SBD64,576.71 MWK
400 SBD86,102.28 MWK
500 SBD107,627.85 MWK
600 SBD129,153.42 MWK
700 SBD150,678.99 MWK
800 SBD172,204.56 MWK
1,000 SBD215,255.70 MWK
1,500 SBD322,883.55 MWK
2,000 SBD430,511.40 MWK
2,500 SBD538,139.25 MWK
3,000 SBD645,767.10 MWK
4,000 SBD861,022.80 MWK
5,000 SBD1,076,278.50 MWK
10,000 SBD2,152,557.00 MWK
15,000 SBD3,228,835.50 MWK
20,000 SBD4,305,114.00 MWK
30,000 SBD6,457,671.00 MWK
40,000 SBD8,610,228.00 MWK
50,000 SBD10,762,785.00 MWK
100,000 SBD21,525,570.00 MWK

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Solomon Islands to Malawi?

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 Solomon Islands to Malawi. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Solomon Islands Dollar to MWK.

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 SBD to MWK in Malawi. 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 Malawi from Solomon Islands. We provide you with maximum choices to send money to Malawi by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best remit rate for transferring money from Solomon Islands to Malawi?

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 Malawi.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Solomon Islands to Malawi 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 SBD to Malawian Kwacha 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 to Malawi from Solomon Islands?

Finding the cheapest way to send money from Solomon Islands to Malawi might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer SBD to MWK via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Solomon Islands to Malawi exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money to Malawi from Solomon Islands through a bank?

We do not recommend using your local bank in Solomon Islands for your next SBD to MWK overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Solomon Islands to Malawi (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending MWK to Malawi. These companies will let you use your local bank account in Solomon Islands to pay for your Malawi money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to do a money transfer to Malawi from Solomon Islands?

If you need to convert SBD to MWK 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 Solomon Islands to Malawi 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 Solomon Islands Dollar to Malawian Kwacha 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 Malawi.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Solomon Islands to Malawi. 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 Solomon Islands to Malawi?

Since the Solomon Islands Dollar to Malawian Kwacha 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 Solomon Islands that may also be able to send money to Malawi. 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 SBD to MWK money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Malawi gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Solomon Islands to Malawi transaction.


Step by step guide to send money to Malawi from Solomon Islands

Follow the below easy steps to send money to Malawi from Solomon Islands.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Solomon Islands bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Malawi).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your SBD to MWK remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.