The live mid-rate USD to SBD exchange rate is 8.4111. Compare currency conversion rates - Reduce FX costs.
The best USD to SBD exchange rate is 8.3564 from Wise. This is -0.65% compared to the mid-market rate 8.4111.
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.
Looking at our comparison table the best USD to SBD exchange rate is 8.3564 from Wise, -0.65% from the mid-market rate 8.4111. The next best rate is 8.2092 from WorldRemit, -2.4% from the mid-rate. WorldRemit with 8.2092 is -2.4% from the mid-rate.
The Western Union rate is 8.2765 which is -1.6% from the mid-rate.
Among the banks, the Citibank rate is 7.3679 at -12.4%, the Chase Bank rate is 7.0315 at -16.4%, and the Wells Fargo Bank rate is 6.981 at -17% from the mid-rate.
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.
The Dollar to Solomon Islands dollar comparison table above 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 (see Market Data below ) and the possible savings of using various providers.
US dollar (USD) to Solomon Islands dollar (SBD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/SBD | Change | Period |
|---|---|---|---|
07 Jul 2023 | 8.3642 | 0.1% ▼ | 2 Week |
22 Apr 2023 | 8.3000 | 0.7% ▲ | 3 Month |
21 Jul 2022 | 8.1453 | 2.6% ▲ | 1 Year |
22 Jul 2018 | 7.8860 | 5.9% ▲ | 5 Year |
23 Jul 2013 | 7.1030 | 17.6% ▲ | 10 Year |
26 Jul 2003 | 7.3296 | 14% ▲ | 20 Year |
Here are some popular conversion amounts for USD to SBD (US dollar to Solomon Islands dollar)*.
*Converted at the current USDSBD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Optimism around the US dollar (USD) has recently been supported by cooling inflation data, which reported a less-than-expected rise in prices. Analysts note that while typically this could signal a potential weakening for the dollar due to expectations for Federal Reserve interest rate cuts, the prospect of these lower rates alleviating pressure on the US economy has strengthened the greenback. Recent forecasts expect further insights from producer price inflation (PPI) data, with a similar cooling trend potentially leading to decreased inflation expectations that could impact USD exchange rates.
Read our full review of recent USD to SBD forecasts.
There are several ways to save on exchange rates when converting US dollar to Solomon Islands dollar:
Generally speaking, if you are buying Solomon Islands dollar with US dollar, then it's better for the USD/SBD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to the Solomon Islands — a practical currency and money guide to travel in the Solomon Islands plus living and doing business with the Solomon Islands dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/SBD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | Solomon Islands (SBD) |
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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