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Compare today's YER to SOS (Yemeni Rial to Somali Shilling) exchange rates

Yemen
Somalia
YER

Interbank Exchange Rate: 1 YER = 2.3922 SOS
Updated about an hour ago

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All you need to know about Yemeni Rial to Somali Shilling money transfers

Easily compare money transfer providers in one place to send money from Yemen to Somalia. Send money overseas to your loved ones by comparing Yemeni Rial (YER) 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 Yemen.

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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 YER to SOS Conversion Rates

Here are some latest YER to SOS (Yemeni Rial to Somali Shilling) exchange rates for popular conversion amounts*.

1 YER2.39 SOS
5 YER11.96 SOS
10 YER23.92 SOS
25 YER59.81 SOS
50 YER119.61 SOS
100 YER239.22 SOS
150 YER358.83 SOS
200 YER478.44 SOS
250 YER598.05 SOS
300 YER717.66 SOS
400 YER956.88 SOS
500 YER1,196.10 SOS
600 YER1,435.32 SOS
700 YER1,674.54 SOS
800 YER1,913.76 SOS
1,000 YER2,392.20 SOS
1,500 YER3,588.30 SOS
2,000 YER4,784.40 SOS
2,500 YER5,980.50 SOS
3,000 YER7,176.60 SOS
4,000 YER9,568.80 SOS
5,000 YER11,961.00 SOS
10,000 YER23,922.00 SOS
15,000 YER35,883.00 SOS
20,000 YER47,844.00 SOS
30,000 YER71,766.00 SOS
40,000 YER95,688.00 SOS
50,000 YER119,610.00 SOS
100,000 YER239,220.00 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 Yemen to Somalia?

There are many good choices when it comes to sending money from Yemen 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 Yemeni Rial to SOS money transfers.

We compare different remittance companies to bring you the best options to send money to Somalia from Yemen. 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 Yemeni Rial 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 remit rate for transferring money from Yemen to Somalia?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Somalia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Yemen to Somalia transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your YER to Somali Shilling money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


What's the cheapest way to send money to Somalia from Yemen?

Finding the cheapest way to send money from Yemen 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 YER 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 Yemen 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 transfer money from Yemen 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 Yemen 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 YER to SOS transfers.

Given this, there are umpteen additional options to send money to Somalia instead of just your Yemen 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 Yemeni Rial even more so that your recipient in Somalia gets the maximum amount.


How to send money from Yemen to Somalia fast?

If you need to convert YER 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 Yemen 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 Yemeni Rial 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 Yemen 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 to Somalia from Yemen?

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 Yemen 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 Yemeni Rial 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 Yemeni Rial you send.


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

With so many possible ways to transfer Yemeni Rial 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 Yemen 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 Yemen 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 YER to Somali Shilling money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.