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

Somalia
Central African Republic
SOS

Interbank Exchange Rate: 1 SOS = 0.9753 XOF
Updated about 1 hours ago

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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 Central African Republic. 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.

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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 XOF Conversion Rates

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

1 SOS0.98 XOF
5 SOS4.88 XOF
10 SOS9.75 XOF
25 SOS24.38 XOF
50 SOS48.77 XOF
100 SOS97.53 XOF
150 SOS146.30 XOF
200 SOS195.06 XOF
250 SOS243.83 XOF
300 SOS292.59 XOF
400 SOS390.12 XOF
500 SOS487.65 XOF
600 SOS585.18 XOF
700 SOS682.71 XOF
800 SOS780.24 XOF
1,000 SOS975.30 XOF
1,500 SOS1,462.95 XOF
2,000 SOS1,950.60 XOF
2,500 SOS2,438.25 XOF
3,000 SOS2,925.90 XOF
4,000 SOS3,901.20 XOF
5,000 SOS4,876.50 XOF
10,000 SOS9,753.00 XOF
15,000 SOS14,629.50 XOF
20,000 SOS19,506.00 XOF
30,000 SOS29,259.00 XOF
40,000 SOS39,012.00 XOF
50,000 SOS48,765.00 XOF
100,000 SOS97,530.00 XOF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Somalia to Central African Republic?

With the global remittance market booming, there are so many choices for Somali Shilling to XOF money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Central African Republic from Somalia. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final XOF amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best remit rate for transferring money from Somalia to Central African Republic?

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 Central African Republic 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 to send money from Somalia to Central African Republic?

The final amount your recipient gets when you send SOS to XOF 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 Central African Republic 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 CFA Franc BCEAO 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 Central African Republic 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.


How to send money to Central African Republic from Somalia through a bank?

Big banks in Somalia are known to make a lot of money by charging high fees on Central African Republic money transfers from Somalia. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a SOS to XOF exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Central African Republic. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Somalia to Central African Republic. You work hard for your money, so you should also ensure you get the maximum yield when you send XOF overseas.


How to send money to Central African Republic from Somalia fast?

The first thing to do when you need to convert SOS to XOF 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 CFA Franc BCEAO. 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 Central African Republic 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 Central African Republic.


Which are the best money transfer companies to transfer money to Central African Republic from Somalia?

Somalia to Central African Republic 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 Central African Republic 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 CFA Franc BCEAO 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 Central African Republic from Somalia

Follow the below easy steps to send money to Central African Republic 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 Central African Republic).
  • 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.