Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's SOS to BBD (Somali Shilling to Barbadian Dollar) exchange rates

Somalia
Barbados
SOS

Interbank Exchange Rate: 1 SOS = 0.0036 BBD
Updated about an hour ago

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

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

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

1 SOS0.00 BBD
5 SOS0.02 BBD
10 SOS0.04 BBD
25 SOS0.09 BBD
50 SOS0.18 BBD
100 SOS0.36 BBD
150 SOS0.54 BBD
200 SOS0.72 BBD
250 SOS0.90 BBD
300 SOS1.08 BBD
400 SOS1.44 BBD
500 SOS1.80 BBD
600 SOS2.16 BBD
700 SOS2.52 BBD
800 SOS2.88 BBD
1,000 SOS3.60 BBD
1,500 SOS5.40 BBD
2,000 SOS7.20 BBD
2,500 SOS9.00 BBD
3,000 SOS10.80 BBD
4,000 SOS14.40 BBD
5,000 SOS18.00 BBD
10,000 SOS36.00 BBD
15,000 SOS54.00 BBD
20,000 SOS72.00 BBD
30,000 SOS108.00 BBD
40,000 SOS144.00 BBD
50,000 SOS180.00 BBD
100,000 SOS360.00 BBD

*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 to Barbados from 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 Somalia to Barbados. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Somali Shilling to BBD.

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 SOS to BBD in Barbados. 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 Barbados from Somalia. We provide you with maximum choices to send money to Barbados 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 Somalia to Barbados?

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 Barbados.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Somalia to Barbados 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 SOS to Barbadian Dollar 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 transfer money from Somalia to Barbados?

When you want to send money to Barbados from Somalia, you obviously want the cheapest possible option to maximize the money your recipient gets in Barbadian Dollar. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your SOS to BBD money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Somalia to Barbados. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Somalia to Barbados exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Barbadian Dollar overseas.


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

We do not recommend using your local bank in Somalia for your next SOS to BBD 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 Somalia to Barbados (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 BBD to Barbados. These companies will let you use your local bank account in Somalia to pay for your Barbados 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 transfer money from Somalia to Barbados?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Somalia to Barbados. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert SOS to BBD fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Somali Shilling amount reaching Barbados. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Barbadian Dollar quickly to Barbados, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to transfer money to Barbados from Somalia?

Somalia to Barbados 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 Barbados 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 Barbadian 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 to Barbados from Somalia

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 Barbados, 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 Barbados 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 Barbados where they can receive monies in Barbadian Dollar.
  • 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.