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Solomon Islands - Solomon Islands Dollar - Currency Guide

 

Foreign exchange guide to the Solomon Islands and the Solomon Islands Dollar (SBD)

   

USD/SBD 90-day view

USDSBD at 8.0666 is a little below its 90-DAY average, range 8.002-8.2656.
|
1-DAY0.8% 90-DAY-LOW (1d)
 
Recent USD to SBD 90-day trend
   

SBD News, Forecasts and Trends

The above interactive chart shows the USD to SBD exchange rate, trend and recent alerts for the last 90 days.

US Dollar to Solomon Islands Dollar - Historical Rates

USD/SBDChangePeriod
8.0342
24 Nov 2020
no change1 Week
8.0692
01 Nov 2020
0.4% ▼30 Days
8.2656
02 Sep 2020
2.8% ▼90 Days
8.3039
02 Dec 2019
3.2% ▼1 Year
8.0789
03 Dec 2015
0.6% ▼5 Years
7.9829
04 Dec 2010
0.6% ▲10 Years

USD/SBD 10 year historic rates & change to 01-Dec-2020 : 8.0342

 

U$10,000 USD
=
S$80,666 SBD

Converted at USD/SBD interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Solomon Islands Dollar - Quick Conversions

USD SBD
U$ 1 S$ 8.0666
U$ 5 S$ 40.33
U$ 10 S$ 80.67
U$ 20 S$ 161.33
U$ 50 S$ 403.33
U$ 100 S$ 806.66
U$ 250 S$ 2,017
U$ 500 S$ 4,033
U$ 1,000 S$ 8,067
U$ 2,000 S$ 16,133
U$ 5,000 S$ 40,333
U$ 10,000 S$ 80,666
U$ 50,000 S$ 403,330
U$ 100,000 S$ 806,660
More amounts
USD SBD
U$ 0.1240 S$ 1
U$ 0.6200 S$ 5
U$ 1.2400 S$ 10
U$ 2.4800 S$ 20
U$ 6.2000 S$ 50
U$ 12.40 S$ 100
U$ 31.00 S$ 250
U$ 62.00 S$ 500
U$ 124.00 S$ 1,000
U$ 248.00 S$ 2,000
U$ 620.00 S$ 5,000
U$ 1,240 S$ 10,000
U$ 6,200 S$ 50,000
U$ 12,400 S$ 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in the Solomon Islands?

The domestic currency in the Solomon Islands is the Solomon Islands Dollar.

What is the Solomon Islands Dollar currency code and symbol?

The three letter currency code for the Solomon Islands Dollar is SBD — symbol is S$.

Which countries use the Solomon Islands Dollar?

It is the domestic currency in    Solomon Islands.

Is the Solomon Islands Dollar a closed currency?

No, the Solomon Islands Dollar is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for the Solomon Islands

Solomon Islands are laid-back, welcoming and often surprisingly untouched. From WWII relics scattered in the jungle to leaf-hut villages where traditional culture is alive. Then there’s the visual appeal, with scenery reminiscent of a Discovery Channel documentary: volcanic islands, croc-infested mangroves, huge lagoons, tropical islets and emerald forests. Don’t expect white-sand beaches and ritzy resorts. With only a smattering of traditional guesthouses and comfortable hideaways, it’s tailor-made for ecotourists. For outdoorsy types, lots of action-packed experiences await: climb an extinct volcano, surf uncrowded waves, snorkel pristine reefs or kayak across a lagoon. Beneath the ocean’s surface, awesome WWII wrecks and dizzying drop-offs will enthrall divers.

What currency to use in the Solomon Islands?

The currency used in the Solomon Islands is the Solomon Islands dollar (SBD) and foreign currency exchanges are readily available. However, some resorts do accept Australian dollars as payment. The coins look almost identical in size to the currency used in Australia. If you plan on shopping or purchasing handicrafts - you will need some local currency.

There are the main commercial banks, ANZ, BSP, Bred Bank and Pan Oceanic Bank. ANZ, BSP, Bred Bank and POB operate ATM money machines in Honiara. All commercial banks in Honiara, Auki and Gizo handle foreign exchange and there are also currency exchange services available at Honiara International Airport. Some of the hotels and resorts around the country will accept American Express, Mastercard and Visa credit cards, but not all so it may be worth checking first.

Travel in the Solomon Islands.

Canadian, U.S., British, Commonwealth and E.E.C visitors do not need to obtain a visa before arrival. (Subject to change). Passports must be valid for 6 months after your departure. Everyone needs a passport, onward ticket, and sufficient funds to cover their stay in the Solomon Islands. Honiara International Airport is located 8 kilometres east of the capital, Honiara. Solomon Airlines offers flights departing from Brisbane, Australia four times a week, whilst Virgin Australia offers an additional two services to and from Brisbane. There are also flights departing from Port Vila Vanuatu, Nadi Fiji and Port Moresby Papua New Guinea.

Outboard-powered dinghies are the most common means of transport in the Solomons. People pay a fare to travel a sector. Charters cost around S$1500 per day for the boat and a driver; fuel is often not included (S$22 per litre in remote areas). Public minibuses are found only in Honiara. Elsewhere, people pile into open-backed trucks or tractor-drawn trailers. Taxis are plentiful in Honiara and there are small fleets in Gizo and Auki. They are meterless, so agree on the price before you set off.

Travel tips for the Solomon Islands.

The Solomons was the scene of bloody naval, air and land battles during the war in the Pacific in 1942-43. History buffs and the families of veterans come to see the memorials, museums and rusting military hardware, mainly on Guadalcanal Island but also in the Western Province. You can still see jeeps, tanks and amphibious vehicles in the jungle, as well as foxholes and caves where the Japanese were dug in.

There are hot springs on Savo, where a volcano last erupted in the 1840s. Solomon Islands has a number of other volcanoes. For example, Tinakula in the Santa Cruz group and Kavachi, a submarine volcano near New Georgia, have erupted regularly every few years, and Simbo Island has a solfatara (a volcanic area or vent that yields only hot vapours and sulfurous gases).

There are between sixty and seventy languages spoken in the Solomon Islands archipelago as opposed to the nation state of Solomon Islands, which covers a smaller area. The lingua franca is Pijin, and the official language is English.

The Solomon Islands enjoy a tropical climate with daytime temperatures averaging 29C and evening temperatures averaging 19C. April to November is the most popular time to visit as the climate is very pleasant with little rain but the Solomon Islands are definitely considered a year round destination.

 

Travel money for the Solomon Islands

Save money and time by Ordering your Solomon Islands Dollars online from Travelex, you get better rates and can pick up the SBD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Solomon Islands Dollars otherwise you may get much worst exchange rates.

 

Send Money to the Solomon Islands - Best Rates

When searching around for information on how to get a good exchange rate when sending money to the Solomon Islands you need to start with finding out the latest Solomon Islands Dollar exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to the Solomon Islands

When sending money to the Solomon Islands it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Solomon Islands Dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted SBD amount will be transfered to the recipient account you specify in the Solomon Islands.

Use the above Send to Solomon Islands Dollars calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Solomon Islands Dollars deposited into the recipient bank account and less margins and fees kept by the banks!


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