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

Somalia
Zimbabwe
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 Zimbabwe. 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.

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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 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 from Somalia to Zimbabwe?

It can be very confusing when sending money from Somalia to Zimbabwe 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 Zimbabwe 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 Zimbabwe 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 exchange rate for sending money from Somalia to Zimbabwe?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Zimbabwe from Somalia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your SOS to United States Dollar remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for SOS to USD remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


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

The final amount your recipient gets when you send SOS to USD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Somalia to Zimbabwe used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send United States Dollar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Somali Shilling to Zimbabwe exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


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

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 Zimbabwe (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 Zimbabwe. These companies will let you use your local bank account in Somalia to pay for your Zimbabwe 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 Zimbabwe fast?

If you need to convert SOS to USD 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 Zimbabwe 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 United States Dollar 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 Zimbabwe.

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

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 Zimbabwe. 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 Zimbabwe 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 Zimbabwe transaction.


Step by step guide to send money from Somalia to Zimbabwe

With so many possible ways to transfer Somali Shilling to United States Dollar, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Somalia to Zimbabwe remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Somalia and the receiver in Zimbabwe. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your SOS to United States Dollar money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.