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Understanding the Table:
The comparison table above helps you see the total cost of your 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’.
Sending money to the Solomon Islands can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the Solomon Islands bank accounts or pay a Solomon Islands dollar invoice.
US dollar (USD) to Solomon Islands dollar (SBD) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/SBD Outlook: The USD/SBD rate is currently below its recent average and near recent lows.
USD/EUR Outlook: The USD/EUR rate is currently below its recent average and near recent lows, suggesting a slightly weaker but likely to move sideways outlook.
USD/JPY Outlook: The USD/JPY exchange rate is slightly weaker, but likely to move sideways as it trades below its recent average and is near recent lows.
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 best USD to SBD exchange rate is 7.9372 from Wise. This is -1.4% compared to the mid-market rate 8.0517.
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 Dollar to Solomon Islands dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks 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 7.9372, -1.4% from the latest mid-market rate 8.0517.
The next best is Western Union at 7.8906, -2% from the mid-rate.
Then OFX at 7.176, which is -10.9% from the mid-rate.
Among the banks the Chase Bank rate is 6.8654 at -14.7% the Wells Fargo Bank rate is 6.817 at -15.3% and the Citibank rate is 7.1874 at -10.7% compared to the mid-rate 8.0517.
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 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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