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

Compare today's XOF to SOS (CFA Franc BCEAO to Somali Shilling) exchange rates

Togo
Somalia
XOF

Interbank Exchange Rate: 1 XOF = 1.0266 SOS
Updated about 1 hours ago

Found 0 Remittance Service Providers

All you need to know about CFA Franc BCEAO to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Togo to Somalia. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) 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 Togo.

Were you looking to send money from Somalia to Togo 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 XOF to SOS Conversion Rates

Here are some latest XOF to SOS (CFA Franc BCEAO to Somali Shilling) exchange rates for popular conversion amounts*.

1 XOF1.03 SOS
5 XOF5.13 SOS
10 XOF10.27 SOS
25 XOF25.67 SOS
50 XOF51.33 SOS
100 XOF102.66 SOS
150 XOF153.99 SOS
200 XOF205.32 SOS
250 XOF256.65 SOS
300 XOF307.98 SOS
400 XOF410.64 SOS
500 XOF513.30 SOS
600 XOF615.96 SOS
700 XOF718.62 SOS
800 XOF821.28 SOS
1,000 XOF1,026.60 SOS
1,500 XOF1,539.90 SOS
2,000 XOF2,053.20 SOS
2,500 XOF2,566.50 SOS
3,000 XOF3,079.80 SOS
4,000 XOF4,106.40 SOS
5,000 XOF5,133.00 SOS
10,000 XOF10,266.00 SOS
15,000 XOF15,399.00 SOS
20,000 XOF20,532.00 SOS
30,000 XOF30,798.00 SOS
40,000 XOF41,064.00 SOS
50,000 XOF51,330.00 SOS
100,000 XOF102,660.00 SOS

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


What's the best way to transfer money from Togo to Somalia?

It can be very confusing when sending money from Togo to Somalia given so many choices. Additionally, CFA Franc BCEAO to SOS 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 Togo to Somalia 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 Somalia from Togo. 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 CFA Franc BCEAO to Somali Shilling remittances.


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

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 XOF 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 Togo 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 XOF 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 for transferring money to Somalia from Togo?

Finding the cheapest way to send money from Togo to Somalia might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer XOF to SOS via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Togo to Somalia exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


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

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low XOF to SOS exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Togo to Somalia money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Somalia from Togo. They do this by letting you fund your transaction through your local bank account in Togo, and by allowing you to choose the payout to be your recipient's bank account in Somalia. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money to Somalia from Togo fast?

It could be a stressful experience if you need to rush money quickly from Togo to Somalia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert XOF to SOS. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Somali Shilling. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Togo to Somalia money transfers.


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

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 Togo 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 CFA Franc BCEAO 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 CFA Franc BCEAO you send.


Step by step guide to send money to Somalia from Togo

The first step to send money to Somalia from Togo 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 XOF 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 Togo 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 Togo to Somalia.