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

Compare today's SOS to ETB (Somali Shilling to Ethiopian Birr) exchange rates

Somalia
Ethiopia
SOS

Interbank Exchange Rate: 1 SOS = 0.2724 ETB
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Somali Shilling to Ethiopian Birr money transfers

Easily compare money transfer providers in one place to send money from Somalia to Ethiopia. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Ethiopian Birr (ETB) 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 Ethiopia 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 ETB Conversion Rates

Here are some latest SOS to ETB (Somali Shilling to Ethiopian Birr) exchange rates for popular conversion amounts*.

1 SOS0.27 ETB
5 SOS1.36 ETB
10 SOS2.72 ETB
25 SOS6.81 ETB
50 SOS13.62 ETB
100 SOS27.24 ETB
150 SOS40.86 ETB
200 SOS54.48 ETB
250 SOS68.10 ETB
300 SOS81.72 ETB
400 SOS108.96 ETB
500 SOS136.20 ETB
600 SOS163.44 ETB
700 SOS190.68 ETB
800 SOS217.92 ETB
1,000 SOS272.40 ETB
1,500 SOS408.60 ETB
2,000 SOS544.80 ETB
2,500 SOS681.00 ETB
3,000 SOS817.20 ETB
4,000 SOS1,089.60 ETB
5,000 SOS1,362.00 ETB
10,000 SOS2,724.00 ETB
15,000 SOS4,086.00 ETB
20,000 SOS5,448.00 ETB
30,000 SOS8,172.00 ETB
40,000 SOS10,896.00 ETB
50,000 SOS13,620.00 ETB
100,000 SOS27,240.00 ETB

*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 Ethiopia?

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 Ethiopia. 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 ETB.

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


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

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 Ethiopia from Somalia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your SOS to Ethiopian Birr 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 ETB 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 Ethiopia from Somalia?

When you want to send money to Ethiopia from Somalia, you obviously want the cheapest possible option to maximize the money your recipient gets in Ethiopian Birr. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your SOS to ETB money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Somalia to Ethiopia. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Somalia to Ethiopia exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Ethiopian Birr overseas.


How to send money to Ethiopia from Somalia through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Somalia to Ethiopia money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like SOS to ETB transfers.

Given this, there are umpteen additional options to send money to Ethiopia instead of just your Somalia bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Somali Shilling even more so that your recipient in Ethiopia gets the maximum amount.


What is the fastest way to do a money transfer to Ethiopia from Somalia?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Somalia to Ethiopia. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert SOS to ETB fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Somali Shilling amount reaching Ethiopia. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Ethiopian Birr quickly to Ethiopia, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to send money to Ethiopia from Somalia?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Somalia to Ethiopia, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Somali Shilling to Ethiopian Birr exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your ETB money transfers to Ethiopia. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Ethiopia getting more money for every Somali Shilling you send.


Step by step guide to send money to Ethiopia from Somalia

Follow the below easy steps to send money to Ethiopia 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 Ethiopia).
  • 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 ETB 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.