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Understanding the Table:
The comparison table above helps you see the total cost of your CIBC currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
US dollar (USD) to Solomon Islands dollar (SBD) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/SBD Outlook: Bearish, as the rate is below its recent average and near recent lows amid several pressures.
USD/EUR Outlook: The outlook for USD/EUR is likely to decrease as the rate is below its recent average and near recent lows, pressured by ongoing political uncertainty in the U.
USD/JPY Outlook: Bearish, as the rate is below its recent average and near the lower end of its 3-month range.
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Solomon Islands dollar across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
*Converted at the current USD-SBD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The CIBC USD to SBD exchange rate is 6.9447. This is -14% compared to the latest USD-SBD mid-market rate 8.0777.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Solomon Islands dollar (SBD) rates from different sources before making a conversion.
The above CIBC - Dollar to Solomon Islands dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by CIBC and other foreign exchange providers against the latest USD-SBD mid-rate and the possible savings of using various providers.
Looking at the full USD to SBD - Send Money comparison table the provider with the best USD to SBD exchange rate is Wise at 7.9912, -1.1% from the latest mid-market rate 8.0777.
The next best is Western Union at 7.9484, -1.6% from the mid-rate.
Then OFX at 7.1665, which is -11.3% from the mid-rate.
Among the banks the Chase Bank rate is 6.8397 at -15.3% the Wells Fargo Bank rate is 6.8155 at -15.6% and the Citibank rate is 7.187 at -11% compared to the mid-rate 8.0777.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like CIBC often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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