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Compare today's SOS to CAD (Somali Shilling to Canadian Dollar) exchange rates

Somalia
Canada
SOS
Interbank Exchange Rate: 1 SOS = 0.0025 CAD
Updated about an hour ago

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

Easily compare money transfer providers in one place to send money from Somalia to Canada. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Canadian Dollar (CAD) 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.

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Latest SOS to CAD Conversion Rates

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

1 SOS0.00 CAD
5 SOS0.01 CAD
10 SOS0.03 CAD
25 SOS0.06 CAD
50 SOS0.13 CAD
100 SOS0.25 CAD
150 SOS0.38 CAD
200 SOS0.50 CAD
250 SOS0.63 CAD
300 SOS0.75 CAD
400 SOS1.00 CAD
500 SOS1.25 CAD
600 SOS1.50 CAD
700 SOS1.75 CAD
800 SOS2.00 CAD
1,000 SOS2.50 CAD
1,500 SOS3.75 CAD
2,000 SOS5.00 CAD
2,500 SOS6.25 CAD
3,000 SOS7.50 CAD
4,000 SOS10.00 CAD
5,000 SOS12.50 CAD
10,000 SOS25.00 CAD
15,000 SOS37.50 CAD
20,000 SOS50.00 CAD
30,000 SOS75.00 CAD
40,000 SOS100.00 CAD
50,000 SOS125.00 CAD
100,000 SOS250.00 CAD

*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 Canada money transfers?

There are many good choices when it comes to sending money from Somalia to Canada. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Somali Shilling to CAD money transfers.

We compare different remittance companies to bring you the best options to send money to Canada from Somalia. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Somali Shilling to Canadian Dollar money transfers. You can take advantage of these deals and make the most of your hard earned money.


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

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Canada 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 Canadian Dollar 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 Canada corridor to give you more good choices for your next CAD money transfer. This way you do not miss out on additional options to potentially save more.


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

The final amount your recipient gets when you send SOS to CAD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Somalia to Canada used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Canadian Dollar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Somali Shilling to Canada exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


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

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low SOS to CAD exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Somalia to Canada money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Canada from Somalia. They do this by letting you fund your transaction through your local bank account in Somalia, and by allowing you to choose the payout to be your recipient's bank account in Canada. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money to Canada from Somalia fast?

The first thing to do when you need to convert SOS to CAD quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Somali Shilling and Canadian Dollar. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Somalia to Canada remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Canada.


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

Since the Somali Shilling to Canadian Dollar money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Somalia that may also be able to send money to Canada. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your SOS to CAD money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Canada gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Somalia to Canada transaction.


Step by step guide to send money from Somalia to Canada

With so many possible ways to transfer Somali Shilling to Canadian Dollar, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Somalia to Canada remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Somalia and the receiver in Canada. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your SOS to Canadian Dollar money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.