Bankwest AUD to SBD Travel Money Compared

Currency Guide for Solomon Islands (ISO Code: SB)

For travelers planning a one-week mid-range stay in the captivating Solomon Islands, budgeting around 3,200 to 4,300 AUD or 2,100 to 2,800 USD would offer a comfortable experience. This budget should cover meals, excursions, and accommodation while allowing some room for spontaneous adventures. Here’s a snapshot of typical daily expenses in the local currency (SBD):

• 🍽️ Meal at a local restaurant: 70–150 SBD

• ☕ Coffee: 12–25 SBD

• 🚌 Public transport fare: 5–15 SBD

• 📱 Prepaid SIM card: 50–150 SBD

• 🏨 Budget hotel or Airbnb: 400–800 SBD

Overall, the Solomon Islands could be considered an average destination to visit, particularly compared to the United States and the UK. While some costs (like public transport and meals at local eateries) are relatively low, accommodations and services in tourist areas may be pricier. For example, a budget meal in the U.S. might run you around 20 USD, whereas it can be half that in the Solomon Islands. In contrast, the cost structure in the UK often mirrors that of the U.S., with higher prices for lodging and dining in major cities.

Expat Living Costs in the Solomon Islands

For those considering a move to the Solomon Islands, typical monthly living costs can vary significantly depending on lifestyle choices. On average, expats will need around 15,000 to 25,000 SBD per month. This includes rent for a modest apartment (1,500–3,000 SBD), groceries (3,000–5,000 SBD), and utilities (1,200–2,000 SBD).

In terms of banking and payment methods, it’s advisable for expats to have a local bank account for everyday transactions, but using credit or debit cards is also viable in urban areas. However, cash is preferred at local markets and small vendors. When sending or receiving money, online transfer services like Wise and OFX often provide better exchange rates and lower fees than local currency exchange, making them a suitable choice for managing finances internationally. Opting to exchange money locally can sometimes result in less favorable rates; therefore, utilizing reliable online services is generally recommended for achieving cost-effective transactions.