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

Compare today's SOS to COP (Somali Shilling to Colombian Peso) exchange rates

Somalia
Colombia
SOS

Interbank Exchange Rate: 1 SOS = 6.3968 COP
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Somali Shilling to Colombian Peso money transfers

Easily compare money transfer providers in one place to send money from Somalia to Colombia. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Colombian Peso (COP) 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 Colombia 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 COP Conversion Rates

Here are some latest SOS to COP (Somali Shilling to Colombian Peso) exchange rates for popular conversion amounts*.

1 SOS6.40 COP
5 SOS31.98 COP
10 SOS63.97 COP
25 SOS159.92 COP
50 SOS319.84 COP
100 SOS639.68 COP
150 SOS959.52 COP
200 SOS1,279.36 COP
250 SOS1,599.20 COP
300 SOS1,919.04 COP
400 SOS2,558.72 COP
500 SOS3,198.40 COP
600 SOS3,838.08 COP
700 SOS4,477.76 COP
800 SOS5,117.44 COP
1,000 SOS6,396.80 COP
1,500 SOS9,595.20 COP
2,000 SOS12,793.60 COP
2,500 SOS15,992.00 COP
3,000 SOS19,190.40 COP
4,000 SOS25,587.20 COP
5,000 SOS31,984.00 COP
10,000 SOS63,968.00 COP
15,000 SOS95,952.00 COP
20,000 SOS127,936.00 COP
30,000 SOS191,904.00 COP
40,000 SOS255,872.00 COP
50,000 SOS319,840.00 COP
100,000 SOS639,680.00 COP

*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 Colombia?

It can be very confusing when sending money from Somalia to Colombia given so many choices. Additionally, Somali Shilling to COP 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 Colombia 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 Colombia 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 Colombian Peso remittances.


How to get the best remit rate for transferring money from Somalia to Colombia?

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 Colombia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Somalia to Colombia 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 Colombian Peso 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 send money from Somalia to Colombia?

The final amount your recipient gets when you send SOS to COP 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 Colombia 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 Colombian Peso 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 Colombia 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 send money from Somalia to Colombia?

Bank transfers have been a traditionally popular way to send money overseas from Somalia to Colombia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the SOS to COP exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Somalia bank for your Colombia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money from Somalia to Colombia fast?

If you need to convert SOS to COP as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Somalia to Colombia could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Somali Shilling to Colombian Peso funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Colombia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Somalia to Colombia. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


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

Somalia to Colombia 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 Colombia 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 Colombian Peso 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 transfer money to Colombia from Somalia

Follow the below easy steps to send money to Colombia 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 Colombia).
  • 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 COP 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.