Send money overseas with Bancoli to take advantage of bank-beating exchange rates

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

Spain
Somalia
EUR
Interbank Exchange Rate: 1 EUR = 666.3076 SOS
Updated about an hour ago

Found 0 Remittance Service Providers

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

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

Were you looking to send money from Somalia to Spain instead?

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 EUR to SOS Conversion Rates

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

1 EUR666.31 SOS
5 EUR3,331.54 SOS
10 EUR6,663.08 SOS
25 EUR16,657.69 SOS
50 EUR33,315.38 SOS
100 EUR66,630.76 SOS
150 EUR99,946.14 SOS
200 EUR133,261.52 SOS
250 EUR166,576.90 SOS
300 EUR199,892.28 SOS
400 EUR266,523.04 SOS
500 EUR333,153.80 SOS
600 EUR399,784.56 SOS
700 EUR466,415.32 SOS
800 EUR533,046.08 SOS
1,000 EUR666,307.60 SOS
1,500 EUR999,461.40 SOS
2,000 EUR1,332,615.20 SOS
2,500 EUR1,665,769.00 SOS
3,000 EUR1,998,922.80 SOS
4,000 EUR2,665,230.40 SOS
5,000 EUR3,331,538.00 SOS
10,000 EUR6,663,076.00 SOS
15,000 EUR9,994,614.00 SOS
20,000 EUR13,326,152.00 SOS
30,000 EUR19,989,228.00 SOS
40,000 EUR26,652,304.00 SOS
50,000 EUR33,315,380.00 SOS
100,000 EUR66,630,760.00 SOS

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Spain to Somalia money transfers?

There are many good choices when it comes to sending money from Spain to Somalia. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Euro to SOS money transfers.

We compare different remittance companies to bring you the best options to send money to Somalia from Spain. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Euro to Somali Shilling money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best rate to transfer money to Somalia from Spain?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your EUR to Somali Shilling money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Spain to Somalia. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for EUR to SOS remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


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

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

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


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

Bank transfers have been a traditionally popular way to send money overseas from Spain to Somalia. 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 EUR to SOS 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 Spain bank for your Somalia 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.


How to send money to Somalia from Spain fast?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Spain to Somalia. 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 EUR to SOS 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 Euro amount reaching Somalia. 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 Somali Shilling quickly to Somalia, 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 send money from Spain to Somalia?

The first step in selecting the best money transfer operators for Spain to Somalia remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Euro to Somali Shilling money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Somalia.


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

The first step to send money to Somalia from Spain 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 EUR to SOS 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 Somalia if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Spain bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Somalia!

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 Spain to Somalia.