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Compare today's SBD to PAB (Solomon Islands Dollar to Panamanian Balboa) exchange rates

Solomon Islands
Panama
SBD

Interbank Exchange Rate: 1 SBD = 0.1241 PAB
Updated about an hour ago

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All you need to know about Solomon Islands Dollar to Panamanian Balboa money transfers

Easily compare money transfer providers in one place to send money from Solomon Islands to Panama. Send money overseas to your loved ones by comparing Solomon Islands Dollar (SBD) to Panamanian Balboa (PAB) 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 Panama 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 PAB Conversion Rates

Here are some latest SBD to PAB (Solomon Islands Dollar to Panamanian Balboa) exchange rates for popular conversion amounts*.

1 SBD0.12 PAB
5 SBD0.62 PAB
10 SBD1.24 PAB
25 SBD3.10 PAB
50 SBD6.21 PAB
100 SBD12.41 PAB
150 SBD18.62 PAB
200 SBD24.82 PAB
250 SBD31.03 PAB
300 SBD37.23 PAB
400 SBD49.64 PAB
500 SBD62.05 PAB
600 SBD74.46 PAB
700 SBD86.87 PAB
800 SBD99.28 PAB
1,000 SBD124.10 PAB
1,500 SBD186.15 PAB
2,000 SBD248.20 PAB
2,500 SBD310.25 PAB
3,000 SBD372.30 PAB
4,000 SBD496.40 PAB
5,000 SBD620.50 PAB
10,000 SBD1,241.00 PAB
15,000 SBD1,861.50 PAB
20,000 SBD2,482.00 PAB
30,000 SBD3,723.00 PAB
40,000 SBD4,964.00 PAB
50,000 SBD6,205.00 PAB
100,000 SBD12,410.00 PAB

*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 Panama?

With the global remittance market booming, there are so many choices for Solomon Islands Dollar to PAB 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 Panama from Solomon Islands. 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 PAB 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 exchange rate for your money transfers from Solomon Islands to Panama?

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 Panama from Solomon Islands.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your SBD to Panamanian Balboa 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 SBD to PAB 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 transfer money from Solomon Islands to Panama?

One of the most important things to watch out for is hidden fees when sending money to Panama from Solomon Islands. 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 Panama using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Panamanian Balboa foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best SBD to Panama 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 Panama from Solomon Islands.


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

Bank transfers have been a traditionally popular way to send money overseas from Solomon Islands to Panama. 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 SBD to PAB 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 Solomon Islands bank for your Panama 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.


What is the fastest way to transfer money from Solomon Islands to Panama?

It could be a stressful experience if you need to rush money quickly from Solomon Islands to Panama. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert SBD to PAB. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Panamanian Balboa. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Solomon Islands to Panama money transfers.


Which are the best money transfer companies to transfer money to Panama from Solomon Islands?

Since the Solomon Islands Dollar to Panamanian Balboa 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 Panama. 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 PAB money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Panama 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 Panama transaction.


Step by step guide to transfer money to Panama from Solomon Islands

With so many possible ways to transfer Solomon Islands Dollar to Panamanian Balboa, 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 Solomon Islands to Panama 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 Solomon Islands and the receiver in Panama. 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 SBD to Panamanian Balboa money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.