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

Compare today's SOS to LRD (Somali Shilling to Liberian Dollar) exchange rates

Somalia
Liberia
SOS

Interbank Exchange Rate: 1 SOS = 0.3258 LRD
Updated about an hour ago

Found 0 Remittance Service Providers

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

Easily compare money transfer providers in one place to send money from Somalia to Liberia. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Liberian Dollar (LRD) 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 Liberia 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 LRD Conversion Rates

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

1 SOS0.33 LRD
5 SOS1.63 LRD
10 SOS3.26 LRD
25 SOS8.15 LRD
50 SOS16.29 LRD
100 SOS32.58 LRD
150 SOS48.87 LRD
200 SOS65.16 LRD
250 SOS81.45 LRD
300 SOS97.74 LRD
400 SOS130.32 LRD
500 SOS162.90 LRD
600 SOS195.48 LRD
700 SOS228.06 LRD
800 SOS260.64 LRD
1,000 SOS325.80 LRD
1,500 SOS488.70 LRD
2,000 SOS651.60 LRD
2,500 SOS814.50 LRD
3,000 SOS977.40 LRD
4,000 SOS1,303.20 LRD
5,000 SOS1,629.00 LRD
10,000 SOS3,258.00 LRD
15,000 SOS4,887.00 LRD
20,000 SOS6,516.00 LRD
30,000 SOS9,774.00 LRD
40,000 SOS13,032.00 LRD
50,000 SOS16,290.00 LRD
100,000 SOS32,580.00 LRD

*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 Liberia?

There are many good choices when it comes to sending money from Somalia to Liberia. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Somali Shilling to LRD money transfers.

We compare different remittance companies to bring you the best options to send money to Liberia from Somalia. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Somali Shilling to Liberian Dollar money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best exchange rate for sending money from Somalia to Liberia?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your SOS to Liberian Dollar money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Somalia to Liberia. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for SOS to LRD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to send money from Somalia to Liberia?

When you want to send money to Liberia from Somalia, you obviously want the cheapest possible option to maximize the money your recipient gets in Liberian Dollar. 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 LRD 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 Liberia. 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 Liberia 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 Liberian Dollar overseas.


Should I use my bank to transfer money from Somalia to Liberia?

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 Liberia 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 LRD transfers.

Given this, there are umpteen additional options to send money to Liberia 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 Liberia gets the maximum amount.


How to send money to Liberia 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 Liberia. 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 LRD 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 Liberia. 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 Liberian Dollar quickly to Liberia, 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 transfer money to Liberia from Somalia?

Since the Somali Shilling to Liberian Dollar 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 Liberia. 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 LRD money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Liberia 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 Liberia transaction.


Step by step guide to send money from Somalia to Liberia

The first step to send money to Liberia from Somalia is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your SOS to LRD overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Liberia if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Somalia bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Liberia!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Somalia to Liberia.