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

Somalia
Cote d'ivoire (Ivory Coast)
SOS

Interbank Exchange Rate: 1 SOS = 0.9731 XOF
Updated about an hour 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 Cote d'ivoire (Ivory Coast). 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.

Were you looking to send money from Cote d'ivoire (Ivory Coast) 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 XOF Conversion Rates

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

1 SOS0.97 XOF
5 SOS4.87 XOF
10 SOS9.73 XOF
25 SOS24.33 XOF
50 SOS48.66 XOF
100 SOS97.31 XOF
150 SOS145.97 XOF
200 SOS194.62 XOF
250 SOS243.27 XOF
300 SOS291.93 XOF
400 SOS389.24 XOF
500 SOS486.55 XOF
600 SOS583.86 XOF
700 SOS681.17 XOF
800 SOS778.48 XOF
1,000 SOS973.10 XOF
1,500 SOS1,459.65 XOF
2,000 SOS1,946.20 XOF
2,500 SOS2,432.75 XOF
3,000 SOS2,919.30 XOF
4,000 SOS3,892.40 XOF
5,000 SOS4,865.50 XOF
10,000 SOS9,731.00 XOF
15,000 SOS14,596.50 XOF
20,000 SOS19,462.00 XOF
30,000 SOS29,193.00 XOF
40,000 SOS38,924.00 XOF
50,000 SOS48,655.00 XOF
100,000 SOS97,310.00 XOF

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


What's the best way to do Somalia to Cote d'ivoire (Ivory Coast) money transfers?

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 Cote d'ivoire (Ivory Coast). 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 XOF.

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 XOF in Cote d'ivoire (Ivory Coast). 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 Cote d'ivoire (Ivory Coast) from Somalia. We provide you with maximum choices to send money to Cote d'ivoire (Ivory Coast) 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 Cote d'ivoire (Ivory Coast)?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Cote d'ivoire (Ivory Coast) 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 CFA Franc BCEAO 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 Cote d'ivoire (Ivory Coast) corridor to give you more good choices for your next XOF 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 Cote d'ivoire (Ivory Coast) from Somalia?

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 Cote d'ivoire (Ivory Coast) 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 CFA Franc BCEAO 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 Cote d'ivoire (Ivory Coast) 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 XOF remittances.


Should I use my bank to transfer money from Somalia to Cote d'ivoire (Ivory Coast)?

Bank transfers have been a traditionally popular way to send money overseas from Somalia to Cote d'ivoire (Ivory Coast). 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 XOF 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 Cote d'ivoire (Ivory Coast) 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 Cote d'ivoire (Ivory Coast) fast?

If you need to convert SOS to XOF 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 Cote d'ivoire (Ivory Coast) 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 CFA Franc BCEAO 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 Cote d'ivoire (Ivory Coast).

With so many choices available, make sure to compare various forex operators that enable you to remit money from Somalia to Cote d'ivoire (Ivory Coast). 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 Cote d'ivoire (Ivory Coast)?

The first step in selecting the best money transfer operators for Somalia to Cote d'ivoire (Ivory Coast) 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 CFA Franc BCEAO 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 Cote d'ivoire (Ivory Coast).


Step by step guide to send money to Cote d'ivoire (Ivory Coast) from Somalia

With so many possible ways to transfer Somali Shilling to CFA Franc BCEAO, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Somalia to Cote d'ivoire (Ivory Coast) remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Somalia and the receiver in Cote d'ivoire (Ivory Coast). Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your SOS to CFA Franc BCEAO money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.