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Compare today's SOS to TZS (Somali Shilling to Tanzanian Shilling) exchange rates

Somalia
Tanzania
SOS

Interbank Exchange Rate: 1 SOS = 4.5076 TZS
Updated about an hour ago

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

Easily compare money transfer providers in one place to send money from Somalia to Tanzania. Send money overseas to your loved ones by comparing Somali Shilling (SOS) to Tanzanian Shilling (TZS) 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 Tanzania 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 TZS Conversion Rates

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

1 SOS4.51 TZS
5 SOS22.54 TZS
10 SOS45.08 TZS
25 SOS112.69 TZS
50 SOS225.38 TZS
100 SOS450.76 TZS
150 SOS676.14 TZS
200 SOS901.52 TZS
250 SOS1,126.90 TZS
300 SOS1,352.28 TZS
400 SOS1,803.04 TZS
500 SOS2,253.80 TZS
600 SOS2,704.56 TZS
700 SOS3,155.32 TZS
800 SOS3,606.08 TZS
1,000 SOS4,507.60 TZS
1,500 SOS6,761.40 TZS
2,000 SOS9,015.20 TZS
2,500 SOS11,269.00 TZS
3,000 SOS13,522.80 TZS
4,000 SOS18,030.40 TZS
5,000 SOS22,538.00 TZS
10,000 SOS45,076.00 TZS
15,000 SOS67,614.00 TZS
20,000 SOS90,152.00 TZS
30,000 SOS135,228.00 TZS
40,000 SOS180,304.00 TZS
50,000 SOS225,380.00 TZS
100,000 SOS450,760.00 TZS

*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 Tanzania from Somalia?

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 Tanzania. 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 TZS.

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 TZS in Tanzania. 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 Tanzania from Somalia. We provide you with maximum choices to send money to Tanzania by comparing competing money transfer companies thereby making you the winner in the end.


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

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 Tanzania.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Somalia to Tanzania 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 Tanzanian Shilling 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 to Tanzania from Somalia?

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

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


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

Bank transfers have been a traditionally popular way to send money overseas from Somalia to Tanzania. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the SOS to TZS exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Somalia bank for your Tanzania money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


What is the fastest way to transfer money from Somalia to Tanzania?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Somalia to Tanzania. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert SOS to TZS fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Somali Shilling amount reaching Tanzania. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Tanzanian Shilling quickly to Tanzania, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to transfer money to Tanzania from Somalia?

Somalia to Tanzania money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Tanzania as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Somali Shilling to Tanzanian Shilling money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


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

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 Tanzania, 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 Tanzania 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 Tanzania where they can receive monies in Tanzanian Shilling.
  • 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.