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Compare today's SOS to AMD (Somali Shilling to Armenian Dram) exchange rates

Somalia
Armenia
SOS

Interbank Exchange Rate: 1 SOS = 0.6618 AMD
Updated about an hour ago

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All you need to know about Somali Shilling to Armenian Dram money transfers

Easily compare money transfer providers in one place to send money from Somalia to Armenia. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Armenian Dram (AMD) 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 Somalia.

Were you looking to send money from Armenia to Somalia 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 SOS to AMD Conversion Rates

Here are some latest SOS to AMD (Somali Shilling to Armenian Dram) exchange rates for popular conversion amounts*.

1 SOS0.66 AMD
5 SOS3.31 AMD
10 SOS6.62 AMD
25 SOS16.55 AMD
50 SOS33.09 AMD
100 SOS66.18 AMD
150 SOS99.27 AMD
200 SOS132.36 AMD
250 SOS165.45 AMD
300 SOS198.54 AMD
400 SOS264.72 AMD
500 SOS330.90 AMD
600 SOS397.08 AMD
700 SOS463.26 AMD
800 SOS529.44 AMD
1,000 SOS661.80 AMD
1,500 SOS992.70 AMD
2,000 SOS1,323.60 AMD
2,500 SOS1,654.50 AMD
3,000 SOS1,985.40 AMD
4,000 SOS2,647.20 AMD
5,000 SOS3,309.00 AMD
10,000 SOS6,618.00 AMD
15,000 SOS9,927.00 AMD
20,000 SOS13,236.00 AMD
30,000 SOS19,854.00 AMD
40,000 SOS26,472.00 AMD
50,000 SOS33,090.00 AMD
100,000 SOS66,180.00 AMD

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


What's the best way to do Somalia to Armenia money transfers?

Sending money internationally to Armenia from Somalia can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Somali Shilling to AMD remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Armenia. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Armenian Dram.


How to get the best exchange rate for your money transfers from Somalia to Armenia?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Armenia from Somalia. 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 SOS to Armenian Dram 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 Somalia to Armenia corridor to give you more good choices for your next AMD 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 Armenia from Somalia?

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

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best SOS to Armenia 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 Armenia from Somalia.


Should I use my bank to transfer money from Somalia to Armenia?

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 Somalia to Armenia 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 SOS to AMD transfers.

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


How to send money from Somalia to Armenia fast?

The speed of your Somali Shilling to Armenian Dram 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 SOS to AMD. 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 Armenia from Somalia 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 Armenia 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 AMD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Somalia bank to Armenia bank transfer.


Which are the best money transfer companies to send money to Armenia from Somalia?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Somalia to Armenia, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Somali Shilling to Armenian Dram exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your AMD money transfers to Armenia. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Armenia getting more money for every Somali Shilling you send.


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

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Somalia to Armenia, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Somalia to Armenia that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Armenia where they can receive monies in Armenian Dram.
  • Then, provide details of your Somalia bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your SOS travel to another part of the globe.