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Compare today's SOS to MWK (Somali Shilling to Malawian Kwacha) exchange rates

Somalia
Malawi
SOS

Interbank Exchange Rate: 1 SOS = 3.0394 MWK
Updated about an hour ago

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All you need to know about Somali Shilling to Malawian Kwacha money transfers

Easily compare money transfer providers in one place to send money from Somalia to Malawi. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Malawian Kwacha (MWK) 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.

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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 MWK Conversion Rates

Here are some latest SOS to MWK (Somali Shilling to Malawian Kwacha) exchange rates for popular conversion amounts*.

1 SOS3.04 MWK
5 SOS15.20 MWK
10 SOS30.39 MWK
25 SOS75.99 MWK
50 SOS151.97 MWK
100 SOS303.94 MWK
150 SOS455.91 MWK
200 SOS607.88 MWK
250 SOS759.85 MWK
300 SOS911.82 MWK
400 SOS1,215.76 MWK
500 SOS1,519.70 MWK
600 SOS1,823.64 MWK
700 SOS2,127.58 MWK
800 SOS2,431.52 MWK
1,000 SOS3,039.40 MWK
1,500 SOS4,559.10 MWK
2,000 SOS6,078.80 MWK
2,500 SOS7,598.50 MWK
3,000 SOS9,118.20 MWK
4,000 SOS12,157.60 MWK
5,000 SOS15,197.00 MWK
10,000 SOS30,394.00 MWK
15,000 SOS45,591.00 MWK
20,000 SOS60,788.00 MWK
30,000 SOS91,182.00 MWK
40,000 SOS121,576.00 MWK
50,000 SOS151,970.00 MWK
100,000 SOS303,940.00 MWK

*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 Malawi money transfers?

It can be very confusing when sending money from Somalia to Malawi given so many choices. Additionally, Somali Shilling to MWK exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Somalia to Malawi as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Malawi from Somalia. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Somali Shilling to Malawian Kwacha remittances.


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

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 Malawian Kwacha 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 Malawi. 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 MWK 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 to Malawi from Somalia?

Finding the cheapest way to send money from Somalia to Malawi might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer SOS to MWK via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Somalia to Malawi exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


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

We do not recommend using your local bank in Somalia for your next SOS to MWK overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Somalia to Malawi (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending MWK to Malawi. These companies will let you use your local bank account in Somalia to pay for your Malawi money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Somalia to Malawi fast?

It could be a stressful experience if you need to rush money quickly from Somalia to Malawi. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert SOS to MWK. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Malawian Kwacha. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Somalia to Malawi money transfers.


Which are the best money transfer companies to transfer money from Somalia to Malawi?

Somalia to Malawi money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Malawi as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Somali Shilling to Malawian Kwacha money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money to Malawi from Somalia

Follow the below easy steps to send money to Malawi 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 Malawi).
  • 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 MWK 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.