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Compare today's SOS to ZAR (Somali Shilling to South African Rand) exchange rates

Somalia
South Africa
SOS

Interbank Exchange Rate: 1 SOS = 0.0282 ZAR
Updated about an hour ago

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All you need to know about Somali Shilling to South African Rand money transfers

Easily compare money transfer providers in one place to send money from Somalia to South Africa. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to South African Rand (ZAR) 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 ZAR Conversion Rates

Here are some latest SOS to ZAR (Somali Shilling to South African Rand) exchange rates for popular conversion amounts*.

1 SOS0.03 ZAR
5 SOS0.14 ZAR
10 SOS0.28 ZAR
25 SOS0.71 ZAR
50 SOS1.41 ZAR
100 SOS2.82 ZAR
150 SOS4.23 ZAR
200 SOS5.64 ZAR
250 SOS7.05 ZAR
300 SOS8.46 ZAR
400 SOS11.28 ZAR
500 SOS14.10 ZAR
600 SOS16.92 ZAR
700 SOS19.74 ZAR
800 SOS22.56 ZAR
1,000 SOS28.20 ZAR
1,500 SOS42.30 ZAR
2,000 SOS56.40 ZAR
2,500 SOS70.50 ZAR
3,000 SOS84.60 ZAR
4,000 SOS112.80 ZAR
5,000 SOS141.00 ZAR
10,000 SOS282.00 ZAR
15,000 SOS423.00 ZAR
20,000 SOS564.00 ZAR
30,000 SOS846.00 ZAR
40,000 SOS1,128.00 ZAR
50,000 SOS1,410.00 ZAR
100,000 SOS2,820.00 ZAR

*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 South Africa?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Somalia to South Africa. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Somali Shilling to ZAR.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send SOS to ZAR in South Africa. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to South Africa from Somalia. We provide you with maximum choices to send money to South Africa by comparing competing money transfer companies thereby making you the winner in the end.


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

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 South Africa.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Somalia to South Africa 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 South African Rand 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 send money from Somalia to South Africa?

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Somalia to South Africa via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Somali Shilling to South African Rand remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Somalia to South Africa exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for SOS to ZAR remittances.


Should I use my bank to send money from Somalia to South Africa?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Somalia to South Africa money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like SOS to ZAR transfers.

Given this, there are umpteen additional options to send money to South Africa instead of just your Somalia bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Somali Shilling even more so that your recipient in South Africa gets the maximum amount.


How to send money to South Africa from Somalia fast?

If you need to convert SOS to ZAR 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 South Africa 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 South African Rand 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 South Africa.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Somalia to South Africa. 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 transfer money from Somalia to South Africa?

Comparing money transfer companies for sending money to South Africa 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 South Africa. 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 South African Rand 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 South African Rand yield on every Somali Shilling that you send.


Step by step guide to transfer money to South Africa from Somalia

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Somalia to South Africa, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Somalia to South Africa that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in South Africa where they can receive monies in South African Rand.
  • Then, provide details of your Somalia bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your SOS travel to another part of the globe.