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Compare today's SOS to MAD (Somali Shilling to Moroccan Dirham) exchange rates

Somalia
Morocco
SOS

Interbank Exchange Rate: 1 SOS = 0.0161 MAD
Updated about an hour ago

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All you need to know about Somali Shilling to Moroccan Dirham money transfers

Easily compare money transfer providers in one place to send money from Somalia to Morocco. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Moroccan Dirham (MAD) 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 MAD Conversion Rates

Here are some latest SOS to MAD (Somali Shilling to Moroccan Dirham) exchange rates for popular conversion amounts*.

1 SOS0.02 MAD
5 SOS0.08 MAD
10 SOS0.16 MAD
25 SOS0.40 MAD
50 SOS0.80 MAD
100 SOS1.61 MAD
150 SOS2.42 MAD
200 SOS3.22 MAD
250 SOS4.03 MAD
300 SOS4.83 MAD
400 SOS6.44 MAD
500 SOS8.05 MAD
600 SOS9.66 MAD
700 SOS11.27 MAD
800 SOS12.88 MAD
1,000 SOS16.10 MAD
1,500 SOS24.15 MAD
2,000 SOS32.20 MAD
2,500 SOS40.25 MAD
3,000 SOS48.30 MAD
4,000 SOS64.40 MAD
5,000 SOS80.50 MAD
10,000 SOS161.00 MAD
15,000 SOS241.50 MAD
20,000 SOS322.00 MAD
30,000 SOS483.00 MAD
40,000 SOS644.00 MAD
50,000 SOS805.00 MAD
100,000 SOS1,610.00 MAD

*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 Morocco?

It can be very confusing when sending money from Somalia to Morocco given so many choices. Additionally, Somali Shilling to MAD 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 Morocco 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 Morocco 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 Moroccan Dirham remittances.


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

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 Morocco.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Somalia to Morocco 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 Moroccan Dirham 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 to transfer money from Somalia to Morocco?

The final amount your recipient gets when you send SOS to MAD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Somalia to Morocco used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Moroccan Dirham is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Somali Shilling to Morocco exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


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

We do not recommend using your local bank in Somalia for your next SOS to MAD 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 Morocco (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 MAD to Morocco. These companies will let you use your local bank account in Somalia to pay for your Morocco money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to do a money transfer to Morocco from Somalia?

If you need to convert SOS to MAD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Somalia to Morocco could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Somali Shilling to Moroccan Dirham funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Morocco.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Somalia to Morocco. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money from Somalia to Morocco?

Comparing money transfer companies for sending money to Morocco from Somalia can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Morocco. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Somali Shilling to Moroccan Dirham transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Moroccan Dirham yield on every Somali Shilling that you send.


Step by step guide to send money to Morocco from Somalia

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