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Compare today's SOS to SEK (Somali Shilling to Swedish Krona) exchange rates

Somalia
Sweden
SOS
Interbank Exchange Rate: 1 SOS = 0.0167 SEK
Updated about an hour ago

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All you need to know about Somali Shilling to Swedish Krona money transfers

Easily compare money transfer providers in one place to send money from Somalia to Sweden. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Swedish Krona (SEK) 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.

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.


Latest SOS to SEK Conversion Rates

Here are some latest SOS to SEK (Somali Shilling to Swedish Krona) exchange rates for popular conversion amounts*.

1 SOS0.02 SEK
5 SOS0.08 SEK
10 SOS0.17 SEK
25 SOS0.42 SEK
50 SOS0.84 SEK
100 SOS1.67 SEK
150 SOS2.51 SEK
200 SOS3.34 SEK
250 SOS4.18 SEK
300 SOS5.01 SEK
400 SOS6.68 SEK
500 SOS8.35 SEK
600 SOS10.02 SEK
700 SOS11.69 SEK
800 SOS13.36 SEK
1,000 SOS16.70 SEK
1,500 SOS25.05 SEK
2,000 SOS33.40 SEK
2,500 SOS41.75 SEK
3,000 SOS50.10 SEK
4,000 SOS66.80 SEK
5,000 SOS83.50 SEK
10,000 SOS167.00 SEK
15,000 SOS250.50 SEK
20,000 SOS334.00 SEK
30,000 SOS501.00 SEK
40,000 SOS668.00 SEK
50,000 SOS835.00 SEK
100,000 SOS1,670.00 SEK

*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 Sweden money transfers?

Sending money internationally to Sweden from Somalia can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Somali Shilling to SEK remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Sweden. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Swedish Krona.


How to get the best exchange rate for sending money from Somalia to Sweden?

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 Sweden 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 Swedish Krona 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 Swedish Krona 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 to Sweden from Somalia?

One of the most important things to watch out for is hidden fees when sending money to Sweden 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 Sweden using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Swedish Krona foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best SOS to Sweden 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 Sweden from Somalia.


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

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

The speed of your Somali Shilling to Swedish Krona 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 SEK. 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 Sweden 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 Sweden 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 SEK into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Somalia bank to Sweden bank transfer.


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

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


Step by step guide to send money from Somalia to Sweden

There are many important aspects of Somalia to Sweden remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.

Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.

  • Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
  • Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Somalia bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
  • Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include SEK bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
  • Step 4 - Provision recipient details including name and address.
  • Step 5 - Decide how much Somali Shilling amount you want to send from Somalia.
  • Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
  • Step 7 - Validate all the information for accuracy and start your transaction.

From this point on, the remittance company will keep you posted on the progress of your transaction. Be sure to check with your recipient in Sweden to validate that they get the money once the transaction clears.