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Compare today's SOS to EUR (Somali Shilling to Euro) exchange rates

Somalia
Luxembourg
SOS

Interbank Exchange Rate: 1 SOS = 0.0016 EUR
Updated about an hour ago

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All you need to know about Somali Shilling to Euro money transfers

Easily compare money transfer providers in one place to send money from Somalia to Luxembourg. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Euro (EUR) 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 Luxembourg 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 EUR Conversion Rates

Here are some latest SOS to EUR (Somali Shilling to Euro) exchange rates for popular conversion amounts*.

1 SOS0.00 EUR
5 SOS0.01 EUR
10 SOS0.02 EUR
25 SOS0.04 EUR
50 SOS0.08 EUR
100 SOS0.16 EUR
150 SOS0.24 EUR
200 SOS0.32 EUR
250 SOS0.40 EUR
300 SOS0.48 EUR
400 SOS0.64 EUR
500 SOS0.80 EUR
600 SOS0.96 EUR
700 SOS1.12 EUR
800 SOS1.28 EUR
1,000 SOS1.60 EUR
1,500 SOS2.40 EUR
2,000 SOS3.20 EUR
2,500 SOS4.00 EUR
3,000 SOS4.80 EUR
4,000 SOS6.40 EUR
5,000 SOS8.00 EUR
10,000 SOS16.00 EUR
15,000 SOS24.00 EUR
20,000 SOS32.00 EUR
30,000 SOS48.00 EUR
40,000 SOS64.00 EUR
50,000 SOS80.00 EUR
100,000 SOS160.00 EUR

*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 to Luxembourg from Somalia?

With the global remittance market booming, there are so many choices for Somali Shilling to EUR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Luxembourg from Somalia. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final EUR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best remit rate for transferring money from Somalia to Luxembourg?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Luxembourg from Somalia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your SOS to Euro remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for SOS to EUR remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


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

When you want to send money to Luxembourg from Somalia, you obviously want the cheapest possible option to maximize the money your recipient gets in Euro. 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 EUR 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 Luxembourg. 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 Luxembourg 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 Euro overseas.


Should I use my bank to send money from Somalia to Luxembourg?

Big banks in Somalia are known to make a lot of money by charging high fees on Luxembourg money transfers from Somalia. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a SOS to EUR exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Luxembourg. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Somalia to Luxembourg. You work hard for your money, so you should also ensure you get the maximum yield when you send EUR overseas.


How to send money to Luxembourg 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 Luxembourg. 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 EUR 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 Luxembourg. 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 Euro quickly to Luxembourg, 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 from Somalia to Luxembourg?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Somalia to Luxembourg, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Somali Shilling to Euro exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your EUR money transfers to Luxembourg. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Luxembourg getting more money for every Somali Shilling you send.


Step by step guide to do a money transfer from Somalia to Luxembourg

With so many possible ways to transfer Somali Shilling to Euro, 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 Luxembourg 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 Luxembourg. 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 Euro money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.