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Compare today's NOK to SOS (Norwegian Krone to Somali Shilling) exchange rates

Svalbard and Jan Mayen
Somalia
NOK

Interbank Exchange Rate: 1 NOK = 58.8977 SOS
Updated about an hour ago

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All you need to know about Norwegian Krone to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Svalbard and Jan Mayen to Somalia. Send money overseas to your loved ones by comparing Norwegian Krone (NOK) 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.

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 Svalbard and Jan Mayen.

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Latest NOK to SOS Conversion Rates

Here are some latest NOK to SOS (Norwegian Krone to Somali Shilling) exchange rates for popular conversion amounts*.

1 NOK58.90 SOS
5 NOK294.49 SOS
10 NOK588.98 SOS
25 NOK1,472.44 SOS
50 NOK2,944.89 SOS
100 NOK5,889.77 SOS
150 NOK8,834.66 SOS
200 NOK11,779.54 SOS
250 NOK14,724.43 SOS
300 NOK17,669.31 SOS
400 NOK23,559.08 SOS
500 NOK29,448.85 SOS
600 NOK35,338.62 SOS
700 NOK41,228.39 SOS
800 NOK47,118.16 SOS
1,000 NOK58,897.70 SOS
1,500 NOK88,346.55 SOS
2,000 NOK117,795.40 SOS
2,500 NOK147,244.25 SOS
3,000 NOK176,693.10 SOS
4,000 NOK235,590.80 SOS
5,000 NOK294,488.50 SOS
10,000 NOK588,977.00 SOS
15,000 NOK883,465.50 SOS
20,000 NOK1,177,954.00 SOS
30,000 NOK1,766,931.00 SOS
40,000 NOK2,355,908.00 SOS
50,000 NOK2,944,885.00 SOS
100,000 NOK5,889,770.00 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 Svalbard and Jan Mayen to Somalia money transfers?

Sending money internationally to Somalia from Svalbard and Jan Mayen 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 Norwegian Krone to SOS 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 Somalia. 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 Somali Shilling.


How to get the best rate to transfer money to Somalia from Svalbard and Jan Mayen?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Somalia from Svalbard and Jan Mayen. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your NOK to Somali Shilling money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Svalbard and Jan Mayen to Somalia corridor to give you more good choices for your next SOS money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way for transferring money to Somalia from Svalbard and Jan Mayen?

One of the most important things to watch out for is hidden fees when sending money to Somalia from Svalbard and Jan Mayen. 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 NOK 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 Svalbard and Jan Mayen.


How to send money to Somalia from Svalbard and Jan Mayen through a bank?

We do not recommend using your local bank in Svalbard and Jan Mayen for your next NOK to SOS 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 Svalbard and Jan Mayen to Somalia (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 SOS to Somalia. These companies will let you use your local bank account in Svalbard and Jan Mayen to pay for your Somalia 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 Svalbard and Jan Mayen to Somalia fast?

If you need to convert NOK to SOS 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 Svalbard and Jan Mayen to Somalia 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 Norwegian Krone to Somali Shilling 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 Somalia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Svalbard and Jan Mayen to Somalia. 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 Svalbard and Jan Mayen to Somalia?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Svalbard and Jan Mayen to Somalia, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Norwegian Krone to Somali Shilling exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your SOS money transfers to Somalia. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Somalia getting more money for every Norwegian Krone you send.


Step by step guide to transfer money to Somalia from Svalbard and Jan Mayen

With so many possible ways to transfer Norwegian Krone to Somali Shilling, 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 Svalbard and Jan Mayen to Somalia 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 Svalbard and Jan Mayen and the receiver in Somalia. 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 NOK to Somali Shilling money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.