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Compare today's SOS to MYR (Somali Shilling to Malaysian Ringgit) exchange rates

Somalia
Malaysia
SOS
Interbank Exchange Rate: 1 SOS = 0.0073 MYR
Updated about an hour ago

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All you need to know about Somali Shilling to Malaysian Ringgit money transfers

Easily compare money transfer providers in one place to send money from Somalia to Malaysia. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Malaysian Ringgit (MYR) 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.

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Latest SOS to MYR Conversion Rates

Here are some latest SOS to MYR (Somali Shilling to Malaysian Ringgit) exchange rates for popular conversion amounts*.

1 SOS0.01 MYR
5 SOS0.04 MYR
10 SOS0.07 MYR
25 SOS0.18 MYR
50 SOS0.37 MYR
100 SOS0.73 MYR
150 SOS1.10 MYR
200 SOS1.46 MYR
250 SOS1.83 MYR
300 SOS2.19 MYR
400 SOS2.92 MYR
500 SOS3.65 MYR
600 SOS4.38 MYR
700 SOS5.11 MYR
800 SOS5.84 MYR
1,000 SOS7.30 MYR
1,500 SOS10.95 MYR
2,000 SOS14.60 MYR
2,500 SOS18.25 MYR
3,000 SOS21.90 MYR
4,000 SOS29.20 MYR
5,000 SOS36.50 MYR
10,000 SOS73.00 MYR
15,000 SOS109.50 MYR
20,000 SOS146.00 MYR
30,000 SOS219.00 MYR
40,000 SOS292.00 MYR
50,000 SOS365.00 MYR
100,000 SOS730.00 MYR

*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 Malaysia money transfers?

It can be very confusing when sending money from Somalia to Malaysia given so many choices. Additionally, Somali Shilling to MYR 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 Malaysia 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 Malaysia 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 Malaysian Ringgit remittances.


How to get the best rate to transfer money to Malaysia from Somalia?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Malaysia 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 Malaysian Ringgit 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 Malaysia corridor to give you more good choices for your next MYR 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 Malaysia from Somalia?

Finding the cheapest way to send money from Somalia to Malaysia 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 MYR 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 Malaysia 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 Malaysia from Somalia through a bank?

We do not recommend using your local bank in Somalia for your next SOS to MYR 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 Malaysia (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 MYR to Malaysia. These companies will let you use your local bank account in Somalia to pay for your Malaysia 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 Malaysia fast?

It could be a stressful experience if you need to rush money quickly from Somalia to Malaysia. 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 MYR. 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 Malaysian Ringgit. 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 Malaysia money transfers.


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

The first step in selecting the best money transfer operators for Somalia to Malaysia 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 Malaysian Ringgit 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 Malaysia.


Step by step guide to send money to Malaysia from Somalia

Follow the below easy steps to send money to Malaysia 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 Malaysia).
  • 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 MYR 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.