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

Compare today's SOS to IRR (Somali Shilling to Iranian Rial) exchange rates

Somalia
Iran
SOS

Interbank Exchange Rate: 1 SOS = 73.8060 IRR
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Somali Shilling to Iranian Rial money transfers

Easily compare money transfer providers in one place to send money from Somalia to Iran. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Iranian Rial (IRR) 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 Iran 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 IRR Conversion Rates

Here are some latest SOS to IRR (Somali Shilling to Iranian Rial) exchange rates for popular conversion amounts*.

1 SOS73.81 IRR
5 SOS369.03 IRR
10 SOS738.06 IRR
25 SOS1,845.15 IRR
50 SOS3,690.30 IRR
100 SOS7,380.60 IRR
150 SOS11,070.90 IRR
200 SOS14,761.20 IRR
250 SOS18,451.50 IRR
300 SOS22,141.80 IRR
400 SOS29,522.40 IRR
500 SOS36,903.00 IRR
600 SOS44,283.60 IRR
700 SOS51,664.20 IRR
800 SOS59,044.80 IRR
1,000 SOS73,806.00 IRR
1,500 SOS110,709.00 IRR
2,000 SOS147,612.00 IRR
2,500 SOS184,515.00 IRR
3,000 SOS221,418.00 IRR
4,000 SOS295,224.00 IRR
5,000 SOS369,030.00 IRR
10,000 SOS738,060.00 IRR
15,000 SOS1,107,090.00 IRR
20,000 SOS1,476,120.00 IRR
30,000 SOS2,214,180.00 IRR
40,000 SOS2,952,240.00 IRR
50,000 SOS3,690,300.00 IRR
100,000 SOS7,380,600.00 IRR

*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 Iran?

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 Iran. 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 IRR.

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


How to get the best rate to transfer money to Iran from Somalia?

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


What's the cheapest way to transfer money from Somalia to Iran?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Somalia to Iran via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Somali Shilling to Iranian Rial remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Somalia to Iran exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for SOS to IRR remittances.


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

Bank transfers have been a traditionally popular way to send money overseas from Somalia to Iran. 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 IRR 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 Iran 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.


What is the fastest way to transfer money from Somalia to Iran?

If you need to convert SOS to IRR 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 Iran 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 Iranian Rial 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 Iran.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Somalia to Iran. 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 send money to Iran from Somalia?

The first step in selecting the best money transfer operators for Somalia to Iran remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Somali Shilling to Iranian Rial money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Iran.


Step by step guide to send money to Iran from Somalia

Follow the below easy steps to send money to Iran 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 Iran).
  • 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 IRR 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.