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

Compare today's SOS to EUR (Somali Shilling to Euro) exchange rates

Somalia
Bulgaria
SOS

Interbank Exchange Rate: 1 SOS = 0.0016 EUR
Updated about an hour ago

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All you need to know about Somali Shilling to Euro money transfers

Easily compare money transfer providers in one place to send money from Somalia to Bulgaria. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Euro (EUR) 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.

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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 EUR Conversion Rates

Here are some latest SOS to EUR (Somali Shilling to Euro) exchange rates for popular conversion amounts*.

1 SOS0.00 EUR
5 SOS0.01 EUR
10 SOS0.02 EUR
25 SOS0.04 EUR
50 SOS0.08 EUR
100 SOS0.16 EUR
150 SOS0.24 EUR
200 SOS0.32 EUR
250 SOS0.40 EUR
300 SOS0.48 EUR
400 SOS0.64 EUR
500 SOS0.80 EUR
600 SOS0.96 EUR
700 SOS1.12 EUR
800 SOS1.28 EUR
1,000 SOS1.60 EUR
1,500 SOS2.40 EUR
2,000 SOS3.20 EUR
2,500 SOS4.00 EUR
3,000 SOS4.80 EUR
4,000 SOS6.40 EUR
5,000 SOS8.00 EUR
10,000 SOS16.00 EUR
15,000 SOS24.00 EUR
20,000 SOS32.00 EUR
30,000 SOS48.00 EUR
40,000 SOS64.00 EUR
50,000 SOS80.00 EUR
100,000 SOS160.00 EUR

*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 Bulgaria from Somalia?

It can be very confusing when sending money from Somalia to Bulgaria given so many choices. Additionally, Somali Shilling to EUR 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 Bulgaria 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 Bulgaria 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 Euro remittances.


How to get the best rate to transfer money to Bulgaria from Somalia?

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 Bulgaria from Somalia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your SOS to Euro 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 SOS to EUR 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 for transferring money to Bulgaria from Somalia?

Finding the cheapest way to send money from Somalia to Bulgaria 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 SOS to EUR 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 Somalia to Bulgaria 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.


Should I use my bank to send money from Somalia to Bulgaria?

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

It could be a stressful experience if you need to rush money quickly from Somalia to Bulgaria. 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 SOS to EUR. 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 Euro. 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 Somalia to Bulgaria money transfers.


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

Comparing money transfer companies for sending money to Bulgaria from Somalia can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Bulgaria. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Somali Shilling to Euro transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Euro yield on every Somali Shilling that you send.


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

Follow the below easy steps to send money to Bulgaria from Somalia.

  • 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 Somalia bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Bulgaria).
  • 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 SOS to EUR 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.