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Compare today's SOS to EUR (Somali Shilling to Euro) exchange rates

Somalia
Spain
SOS
Interbank Exchange Rate: 1 SOS = 0.0016 EUR
Updated about an hour ago

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All you need to know about Somali Shilling to Euro money transfers

Easily compare money transfer providers in one place to send money from Somalia to Spain. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Euro (EUR) 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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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.

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Latest SOS to EUR Conversion Rates

Here are some latest SOS to EUR (Somali Shilling to Euro) exchange rates for popular conversion amounts*.

1 SOS0.00 EUR
5 SOS0.01 EUR
10 SOS0.02 EUR
25 SOS0.04 EUR
50 SOS0.08 EUR
100 SOS0.16 EUR
150 SOS0.24 EUR
200 SOS0.32 EUR
250 SOS0.40 EUR
300 SOS0.48 EUR
400 SOS0.64 EUR
500 SOS0.80 EUR
600 SOS0.96 EUR
700 SOS1.12 EUR
800 SOS1.28 EUR
1,000 SOS1.60 EUR
1,500 SOS2.40 EUR
2,000 SOS3.20 EUR
2,500 SOS4.00 EUR
3,000 SOS4.80 EUR
4,000 SOS6.40 EUR
5,000 SOS8.00 EUR
10,000 SOS16.00 EUR
15,000 SOS24.00 EUR
20,000 SOS32.00 EUR
30,000 SOS48.00 EUR
40,000 SOS64.00 EUR
50,000 SOS80.00 EUR
100,000 SOS160.00 EUR

*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 from Somalia to Spain?

With the global remittance market booming, there are so many choices for Somali Shilling to EUR money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Spain from Somalia. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final EUR amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


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

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Somalia to Spain transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your SOS to Euro international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Somali Shilling to Euro exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


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

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 Spain 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 Euro 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 Spain 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 EUR remittances.


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

Big banks in Somalia are known to make a lot of money by charging high fees on Spain money transfers from Somalia. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a SOS to EUR exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Spain. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Somalia to Spain. You work hard for your money, so you should also ensure you get the maximum yield when you send EUR overseas.


How to send money from Somalia to Spain fast?

The speed of your Somali Shilling to Euro 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 EUR. 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 Spain 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 Spain 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 EUR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Somalia bank to Spain bank transfer.


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

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


Step by step guide to send money from Somalia to Spain

The first step to send money to Spain from Somalia is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your SOS to EUR overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Spain if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Somalia bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Spain!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Somalia to Spain.