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

United States
Somalia
USD
Interbank Exchange Rate: 1 USD = 570.4471 SOS
Updated about an hour ago

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All you need to know about US Dollar to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from United States to Somalia. Send money overseas to your loved ones by comparing US Dollar (USD) 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.

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Latest USD to SOS Conversion Rates

Here are some latest USD to SOS (US Dollar to Somali Shilling) exchange rates for popular conversion amounts*.

1 USD570.45 SOS
5 USD2,852.24 SOS
10 USD5,704.47 SOS
25 USD14,261.18 SOS
50 USD28,522.36 SOS
100 USD57,044.71 SOS
150 USD85,567.07 SOS
200 USD114,089.42 SOS
250 USD142,611.78 SOS
300 USD171,134.13 SOS
400 USD228,178.84 SOS
500 USD285,223.55 SOS
600 USD342,268.26 SOS
700 USD399,312.97 SOS
800 USD456,357.68 SOS
1,000 USD570,447.10 SOS
1,500 USD855,670.65 SOS
2,000 USD1,140,894.20 SOS
2,500 USD1,426,117.75 SOS
3,000 USD1,711,341.30 SOS
4,000 USD2,281,788.40 SOS
5,000 USD2,852,235.50 SOS
10,000 USD5,704,471.00 SOS
15,000 USD8,556,706.50 SOS
20,000 USD11,408,942.00 SOS
30,000 USD17,113,413.00 SOS
40,000 USD22,817,884.00 SOS
50,000 USD28,522,355.00 SOS
100,000 USD57,044,710.00 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 USA to Somalia money transfers?

It can be very confusing when sending money from USA to Somalia given so many choices. Additionally, United States Dollar 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 USA 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 USA. 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 United States Dollar to Somali Shilling remittances.


How to get the best exchange rate for your money transfers from USA to Somalia?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Somalia from USA. 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 USD 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 USA 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 to transfer money from USA to Somalia?

Finding the cheapest way to send money from USA 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 USD 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 USA 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.


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

Big banks in USA are known to make a lot of money by charging high fees on Somalia money transfers from USA. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a USD to SOS exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Somalia. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from USA to Somalia. You work hard for your money, so you should also ensure you get the maximum yield when you send SOS overseas.


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

The speed of your United States Dollar to Somali Shilling funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert USD to SOS. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Somalia from USA is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Somalia if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout SOS into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than USA bank to Somalia bank transfer.


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

USA to Somalia 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 Somalia 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 United States Dollar to Somali 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 send money to Somalia from USA

Follow the below easy steps to send money to Somalia from USA.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your USA bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Somalia).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your USD to SOS remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.