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Compare today's SOS to AUD (Somali Shilling to Australian Dollar) exchange rates

Somalia
Heard Island and McDonald Islands
SOS

Interbank Exchange Rate: 1 SOS = 0.0026 AUD
Updated about an hour ago

Found 0 Remittance Service Providers

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

Easily compare money transfer providers in one place to send money from Somalia to Heard Island and McDonald Islands. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Australian Dollar (AUD) 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 Heard Island and McDonald Islands 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 AUD Conversion Rates

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

1 SOS0.00 AUD
5 SOS0.01 AUD
10 SOS0.03 AUD
25 SOS0.07 AUD
50 SOS0.13 AUD
100 SOS0.26 AUD
150 SOS0.39 AUD
200 SOS0.52 AUD
250 SOS0.65 AUD
300 SOS0.78 AUD
400 SOS1.04 AUD
500 SOS1.30 AUD
600 SOS1.56 AUD
700 SOS1.82 AUD
800 SOS2.08 AUD
1,000 SOS2.60 AUD
1,500 SOS3.90 AUD
2,000 SOS5.20 AUD
2,500 SOS6.50 AUD
3,000 SOS7.80 AUD
4,000 SOS10.40 AUD
5,000 SOS13.00 AUD
10,000 SOS26.00 AUD
15,000 SOS39.00 AUD
20,000 SOS52.00 AUD
30,000 SOS78.00 AUD
40,000 SOS104.00 AUD
50,000 SOS130.00 AUD
100,000 SOS260.00 AUD

*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 Heard Island and McDonald Islands?

Sending money internationally to Heard Island and McDonald Islands from Somalia can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Somali Shilling to AUD remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Heard Island and McDonald Islands. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Australian Dollar.


How to get the best exchange rate for your money transfers from Somalia to Heard Island and McDonald Islands?

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


What's the cheapest way to send money to Heard Island and McDonald Islands from Somalia?

The final amount your recipient gets when you send SOS to AUD 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 Heard Island and McDonald Islands 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 Australian 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 Heard Island and McDonald Islands 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 Heard Island and McDonald Islands?

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 AUD 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 Heard Island and McDonald Islands 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 Heard Island and McDonald Islands 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 Heard Island and McDonald Islands. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money from Somalia to Heard Island and McDonald Islands fast?

The first thing to do when you need to convert SOS to AUD 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 Australian 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 Heard Island and McDonald Islands 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 Heard Island and McDonald Islands.


Which are the best money transfer companies to send money to Heard Island and McDonald Islands from Somalia?

Comparing money transfer companies for sending money to Heard Island and McDonald Islands from Somalia can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Heard Island and McDonald Islands. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Somali Shilling to Australian Dollar transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Australian Dollar yield on every Somali Shilling that you send.


Step by step guide to transfer money to Heard Island and McDonald Islands from Somalia

Follow the below easy steps to send money to Heard Island and McDonald Islands 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 Heard Island and McDonald Islands).
  • 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 AUD 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.