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Compare today's SOS to USD (Somali Shilling to US Dollar) exchange rates

Somalia
Palau
SOS

Interbank Exchange Rate: 1 SOS = 0.0018 USD
Updated about an hour ago

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

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

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

1 SOS0.00 USD
5 SOS0.01 USD
10 SOS0.02 USD
25 SOS0.05 USD
50 SOS0.09 USD
100 SOS0.18 USD
150 SOS0.27 USD
200 SOS0.36 USD
250 SOS0.45 USD
300 SOS0.54 USD
400 SOS0.72 USD
500 SOS0.90 USD
600 SOS1.08 USD
700 SOS1.26 USD
800 SOS1.44 USD
1,000 SOS1.80 USD
1,500 SOS2.70 USD
2,000 SOS3.60 USD
2,500 SOS4.50 USD
3,000 SOS5.40 USD
4,000 SOS7.20 USD
5,000 SOS9.00 USD
10,000 SOS18.00 USD
15,000 SOS27.00 USD
20,000 SOS36.00 USD
30,000 SOS54.00 USD
40,000 SOS72.00 USD
50,000 SOS90.00 USD
100,000 SOS180.00 USD

*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 Palau from Somalia?

It can be very confusing when sending money from Somalia to Palau given so many choices. Additionally, Somali Shilling to USD 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 Palau 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 Palau 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 United States Dollar remittances.


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

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Palau 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 United States Dollar 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 Palau corridor to give you more good choices for your next USD money transfer. This way you do not miss out on additional options to potentially save more.


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

One of the most important things to watch out for is hidden fees when sending money to Palau from Somalia. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Palau using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your United States Dollar foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best SOS to Palau exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Palau from Somalia.


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

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

The speed of your Somali Shilling to United States Dollar funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert SOS to USD. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Palau from Somalia is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Palau if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout USD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Somalia bank to Palau bank transfer.


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

Since the Somali Shilling to United States 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 Palau. 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 USD money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Palau 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 Palau transaction.


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

Follow the below easy steps to send money to Palau 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 Palau).
  • 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 USD 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.