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

Compare today's SOS to XOF (Somali Shilling to CFA Franc BCEAO) exchange rates

Somalia
Burkina Faso
SOS

Interbank Exchange Rate: 1 SOS = 0.9731 XOF
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Somali Shilling to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Somalia to Burkina Faso. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to CFA Franc BCEAO (XOF) 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 Burkina Faso 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 XOF Conversion Rates

Here are some latest SOS to XOF (Somali Shilling to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 SOS0.97 XOF
5 SOS4.87 XOF
10 SOS9.73 XOF
25 SOS24.33 XOF
50 SOS48.66 XOF
100 SOS97.31 XOF
150 SOS145.97 XOF
200 SOS194.62 XOF
250 SOS243.27 XOF
300 SOS291.93 XOF
400 SOS389.24 XOF
500 SOS486.55 XOF
600 SOS583.86 XOF
700 SOS681.17 XOF
800 SOS778.48 XOF
1,000 SOS973.10 XOF
1,500 SOS1,459.65 XOF
2,000 SOS1,946.20 XOF
2,500 SOS2,432.75 XOF
3,000 SOS2,919.30 XOF
4,000 SOS3,892.40 XOF
5,000 SOS4,865.50 XOF
10,000 SOS9,731.00 XOF
15,000 SOS14,596.50 XOF
20,000 SOS19,462.00 XOF
30,000 SOS29,193.00 XOF
40,000 SOS38,924.00 XOF
50,000 SOS48,655.00 XOF
100,000 SOS97,310.00 XOF

*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 from Somalia to Burkina Faso?

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 Burkina Faso. 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 XOF.

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 XOF in Burkina Faso. 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 Burkina Faso from Somalia. We provide you with maximum choices to send money to Burkina Faso by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best rate to transfer money to Burkina Faso 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 Burkina Faso from Somalia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your SOS to CFA Franc BCEAO 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 XOF 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 Burkina Faso from Somalia?

Finding the cheapest way to send money from Somalia to Burkina Faso 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 XOF 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 Burkina Faso 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 Burkina Faso?

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

It could be a stressful experience if you need to rush money quickly from Somalia to Burkina Faso. 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 XOF. 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 CFA Franc BCEAO. 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 Burkina Faso money transfers.


Which are the best money transfer companies to transfer money to Burkina Faso from Somalia?

The first step in selecting the best money transfer operators for Somalia to Burkina Faso remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Somali Shilling to CFA Franc BCEAO money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Burkina Faso.


Step by step guide to do a money transfer from Somalia to Burkina Faso

Follow the below easy steps to send money to Burkina Faso 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 Burkina Faso).
  • 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 XOF 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.