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Compare today's SOS to LAK (Somali Shilling to Lao Kip) exchange rates

Somalia
Laos
SOS

Interbank Exchange Rate: 1 SOS = 37.7020 LAK
Updated about an hour ago

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All you need to know about Somali Shilling to Lao Kip money transfers

Easily compare money transfer providers in one place to send money from Somalia to Laos. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Lao Kip (LAK) 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 Laos 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 LAK Conversion Rates

Here are some latest SOS to LAK (Somali Shilling to Lao Kip) exchange rates for popular conversion amounts*.

1 SOS37.70 LAK
5 SOS188.51 LAK
10 SOS377.02 LAK
25 SOS942.55 LAK
50 SOS1,885.10 LAK
100 SOS3,770.20 LAK
150 SOS5,655.30 LAK
200 SOS7,540.40 LAK
250 SOS9,425.50 LAK
300 SOS11,310.60 LAK
400 SOS15,080.80 LAK
500 SOS18,851.00 LAK
600 SOS22,621.20 LAK
700 SOS26,391.40 LAK
800 SOS30,161.60 LAK
1,000 SOS37,702.00 LAK
1,500 SOS56,553.00 LAK
2,000 SOS75,404.00 LAK
2,500 SOS94,255.00 LAK
3,000 SOS113,106.00 LAK
4,000 SOS150,808.00 LAK
5,000 SOS188,510.00 LAK
10,000 SOS377,020.00 LAK
15,000 SOS565,530.00 LAK
20,000 SOS754,040.00 LAK
30,000 SOS1,131,060.00 LAK
40,000 SOS1,508,080.00 LAK
50,000 SOS1,885,100.00 LAK
100,000 SOS3,770,200.00 LAK

*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 Laos 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 Laos. 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 LAK.

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


How to get the best exchange rate for your money transfers from Somalia to Laos?

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 Laos.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Somalia to Laos 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 Lao Kip 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 for transferring money to Laos from Somalia?

One of the most important things to watch out for is hidden fees when sending money to Laos from Somalia. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Laos using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Lao Kip foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best SOS to Laos exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Laos from Somalia.


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

Bank transfers have been a traditionally popular way to send money overseas from Somalia to Laos. 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 LAK 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 Laos 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 to Laos from Somalia fast?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Somalia to Laos. 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 LAK 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 Laos. 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 Lao Kip quickly to Laos, 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 Laos from Somalia?

Since the Somali Shilling to Lao Kip money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Somalia that may also be able to send money to Laos. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your SOS to LAK money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Laos gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Somalia to Laos transaction.


Step by step guide to transfer money to Laos from Somalia

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Somalia to Laos, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Somalia to Laos that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Laos where they can receive monies in Lao Kip.
  • Then, provide details of your Somalia bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your SOS travel to another part of the globe.