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Compare today's SOS to BSD (Somali Shilling to Bahamian Dollar) exchange rates

Somalia
Bahamas
SOS

Interbank Exchange Rate: 1 SOS = 0.0018 BSD
Updated about an hour ago

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

Easily compare money transfer providers in one place to send money from Somalia to Bahamas. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Bahamian Dollar (BSD) 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 Bahamas 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 BSD Conversion Rates

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

1 SOS0.00 BSD
5 SOS0.01 BSD
10 SOS0.02 BSD
25 SOS0.05 BSD
50 SOS0.09 BSD
100 SOS0.18 BSD
150 SOS0.27 BSD
200 SOS0.36 BSD
250 SOS0.45 BSD
300 SOS0.54 BSD
400 SOS0.72 BSD
500 SOS0.90 BSD
600 SOS1.08 BSD
700 SOS1.26 BSD
800 SOS1.44 BSD
1,000 SOS1.80 BSD
1,500 SOS2.70 BSD
2,000 SOS3.60 BSD
2,500 SOS4.50 BSD
3,000 SOS5.40 BSD
4,000 SOS7.20 BSD
5,000 SOS9.00 BSD
10,000 SOS18.00 BSD
15,000 SOS27.00 BSD
20,000 SOS36.00 BSD
30,000 SOS54.00 BSD
40,000 SOS72.00 BSD
50,000 SOS90.00 BSD
100,000 SOS180.00 BSD

*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 Somalia to Bahamas?

It can be very confusing when sending money from Somalia to Bahamas given so many choices. Additionally, Somali Shilling to BSD exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Somalia to Bahamas as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Bahamas from Somalia. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Somali Shilling to Bahamian Dollar remittances.


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

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your SOS to Bahamian Dollar money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Somalia to Bahamas. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for SOS to BSD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


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

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

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


How to send money to Bahamas from Somalia through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Somalia to Bahamas. 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 SOS to BSD 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 Somalia bank for your Bahamas 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.


How to send money from Somalia to Bahamas fast?

The speed of your Somali Shilling to Bahamian Dollar 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 BSD. 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 Bahamas 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 Bahamas 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 BSD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Somalia bank to Bahamas bank transfer.


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

Somalia to Bahamas money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Bahamas as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Somali Shilling to Bahamian Dollar money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money from Somalia to Bahamas

There are many important aspects of Somalia to Bahamas 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 - Somalia 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 BSD 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 Somali Shilling amount you want to send from Somalia.
  • 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 Bahamas to validate that they get the money once the transaction clears.