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Understanding the Table:
The comparison table above helps you see the total cost of your Remitly 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’.
Remitly is an online money transfer platform that has helped immigrant communities around the world to send money to loved ones.
Sending money abroad has been the same for the past 100 years - tedious, expensive & complicated. But, this app can change that. By using modern technology to send & receive cash, it eliminates all of those issues and makes international transfers a more reliable & secure process.
By saving on a lot of the costs associated with brick & mortar operations, Remitly money transfers can be much cheaper for their customers. This helps them to have more funds to send in order to help their loved ones in those hard-to-reach parts of the world.
New: Remitly customers sending money to Mexico can now choose to send money to their mobile wallet MercadoPago, the largest mobile wallet in Mexico.
The Remitly USD to SBD exchange rate is 8.1387. This is -2.5% compared to the latest USD-SBD mid-market rate 8.3474.
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 Remitly - Dollar to Solomon Islands dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Remitly 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 8.2931, -0.65% from the latest mid-market rate 8.3474.
The next best is Western Union at 8.2138, -1.6% from the mid-rate.
Then WorldRemit at 8.1471, which is -2.4% from the mid-rate.
Among the banks the Chase Bank rate is 6.9992 at -16.2% the Wells Fargo Bank rate is 6.9491 at -16.8% and the Citibank rate is 7.3331 at -12.2% compared to the mid-rate 8.3474.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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 like Remitly or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
