Foreign Exchange Guide to Somalia

Somali Shilling (SOS) in the markets

The interactive chart below shows the USD to SOS exchange rate and trend for the previous 3 months:

Sending money to Somalia

When searching around for information on how to get a good exchange rate when sending money to Somalia you need to start with finding out the latest Somali Shilling foreign-transfer exchange rate.

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 here).

Get a better deal for foreign transfers to Somalia

When sending money to Somalia 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 Somali Shilling 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 SOS amount will be transfered to the recipient account you specify in Somalia.

Use our Send to SOS 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 Somali Shilling deposited into the recipient bank account and less margins and fees kept by the banks!