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Compare today's VEF to SOS (Venezuelan Bolivar to Somali Shilling) exchange rates

Venezuela
Somalia
VEF

Interbank Exchange Rate: 1 VEF = 0.0001 SOS
Updated over 24 hours ago

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All you need to know about Venezuelan Bolivar to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Venezuela to Somalia. Send money overseas to your loved ones by comparing Venezuelan Bolivar (VEF) 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 Venezuela.

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

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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 VEF to SOS Conversion Rates

Here are some latest VEF to SOS (Venezuelan Bolivar to Somali Shilling) exchange rates for popular conversion amounts*.

1 VEF0.00 SOS
5 VEF0.00 SOS
10 VEF0.00 SOS
25 VEF0.00 SOS
50 VEF0.01 SOS
100 VEF0.01 SOS
150 VEF0.02 SOS
200 VEF0.02 SOS
250 VEF0.03 SOS
300 VEF0.03 SOS
400 VEF0.04 SOS
500 VEF0.05 SOS
600 VEF0.06 SOS
700 VEF0.07 SOS
800 VEF0.08 SOS
1,000 VEF0.10 SOS
1,500 VEF0.15 SOS
2,000 VEF0.20 SOS
2,500 VEF0.25 SOS
3,000 VEF0.30 SOS
4,000 VEF0.40 SOS
5,000 VEF0.50 SOS
10,000 VEF1.00 SOS
15,000 VEF1.50 SOS
20,000 VEF2.00 SOS
30,000 VEF3.00 SOS
40,000 VEF4.00 SOS
50,000 VEF5.00 SOS
100,000 VEF10.00 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 Venezuela to Somalia?

Sending money internationally to Somalia from Venezuela 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 Venezuelan Bolivar 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 Venezuela?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Venezuela to Somalia transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your VEF to Somali Shilling international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Venezuelan Bolivar to Somali Shilling exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


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

One of the most important things to watch out for is hidden fees when sending money to Somalia from Venezuela. 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 VEF 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 Venezuela.


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

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Venezuela to Somalia money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like VEF to SOS transfers.

Given this, there are umpteen additional options to send money to Somalia instead of just your Venezuela bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Venezuelan Bolivar even more so that your recipient in Somalia gets the maximum amount.


What is the fastest way to do a money transfer to Somalia from Venezuela?

If you need to convert VEF 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 Venezuela 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 Venezuelan Bolivar 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 Venezuela 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 transfer money from Venezuela to Somalia?

Comparing money transfer companies for sending money to Somalia from Venezuela can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Somalia. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Venezuelan Bolivar to Somali Shilling transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Somali Shilling yield on every Venezuelan Bolivar that you send.


Step by step guide to transfer money to Somalia from Venezuela

The first step to send money to Somalia from Venezuela 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 VEF 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 Venezuela 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 Venezuela to Somalia.