Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER
     

    Best USD to SBD Exchange Rates Compared Live

    The live mid-rate USD to SBD exchange rate is 8.3836. Compare currency conversion rates - Reduce FX costs.

    USD-SBD Best Exchange Rates
     
     

    What is the best Send Money conversion rate for USD to SBD?

    The best USD to SBD exchange rate is 8.3291 from Wise. This is -0.65% compared to the mid-market rate 8.3836.

    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.

    How do USD-SBD rates compare between providers?

    Looking at our comparison table the best USD to SBD exchange rate is 8.3291 from Wise, -0.65% from the mid-market rate 8.3836. The next best rate is 8.1824 from WorldRemit, -2.4% from the mid-rate. WorldRemit with 8.1824 is -2.4% from the mid-rate.

    The Western Union rate is 8.2495 which is -1.6% from the mid-rate.

    Among the banks, the Citibank rate is 7.4225 at -11.5%, the Chase Bank rate is 7.0872 at -15.5%, and the Wells Fargo Bank rate is 7.0369 at -16.1% 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.

     

    Compare Rates

     

    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. 

     
     
     

    USD to SBD Market Data

    US dollar (USD) to Solomon Islands dollar (SBD) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    Sell USD   →   Buy SBD
    1 USD =
    8.3836We compare provider deals to this wholesale mid-market rate. Read more
    SBD
    ▲+0.2% since yesterday
    USD to SBD is at 7-day highs near 8.3836, just 0.6% above its 3-month average of 8.3359, having traded in a stable 1.5% range from 8.2650 to 8.3906
    |
    Tracker

    Manage Tracker   

      1 SBD = 0.1193 USD
    DateUSD/SBDChangePeriod
    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
    USD/SBD historic rates & change to 21-Jul-2023
     

    What are equivalent amounts of USD and SBD?

    Here are some popular conversion amounts for USD to SBD (US dollar to Solomon Islands dollar)*.

    USD SBD
    $ 1 S$ 8.3836
    $ 5 S$ 41.92
    $ 10 S$ 83.84
    $ 20 S$ 167.67
    $ 50 S$ 419.18
    $ 100 S$ 838.36
    $ 250 S$ 2,096
    $ 500 S$ 4,192
    $ 1,000 S$ 8,384
    $ 2,000 S$ 16,767
    $ 5,000 S$ 41,918
    $ 10,000 S$ 83,836
    $ 20,000 S$ 167,672
    $ 50,000 S$ 419,180
    $ 100,000 S$ 838,360
    USD SBD
    $ 0.1193 S$ 1
    $ 0.5965 S$ 5
    $ 1.1930 S$ 10
    $ 2.3860 S$ 20
    $ 5.9650 S$ 50
    $ 11.93 S$ 100
    $ 29.83 S$ 250
    $ 59.65 S$ 500
    $ 119.30 S$ 1,000
    $ 238.60 S$ 2,000
    $ 596.50 S$ 5,000
    $ 1,193 S$ 10,000
    $ 2,386 S$ 20,000
    $ 5,965 S$ 50,000
    $ 11,930 S$ 100,000

    More amounts

    *Converted at the current USDSBD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

     
     

    Forecasts for USD to SBD

     

    Recent forecasts for the USD to SBD exchange rate reflect an underlying bullish sentiment towards the US dollar, particularly following Donald Trump's election victory. Analysts point out that Trump's pro-business policies, especially his proposed tax cuts and the introduction of tariffs on imports, have contributed to a strong dollar rally. The anticipation of heightened inflation has led economists to expect that the Federal Reserve will maintain elevated interest rates, bolstering the dollar's appeal. Key financial institutions like JPMorgan, Goldman Sachs, and Citi have echoed this sentiment, predicting further strength in the USD as market volatility continues to impact investor risk sentiment across major currencies.

    Read our full review of recent USD to SBD forecasts.

     

    How to get a good USD to SBD exchange rate

    There are several ways to save on exchange rates when converting US dollar to Solomon Islands dollar:

    1. Shop around for the best USD/SBD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the USD/SBD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and SBD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    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, living and doing business in the Solomon Islands 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.

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Compare Rates

    Will the US dollar rise against the Solomon Islands dollar?

    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.

     
    Track Rate
     

    Manage Tracker   

     

    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

     
     

    Currency Country Guides

    United StatesUnited States (USD)Solomon IslandsSolomon Islands (SBD)
       
     
     
     

    More exchange rates

    SBD/USD
    0.1193
    ▼-0.2%
    USD/JPY
    152.50
    ▲+0.3%
    USDJPY 90 day chart
    USD/CAD
    1.4139
    ▼-0.2%
    90d-highs
    USDCAD 90 day chart
    USD/EUR
    0.9513
    ▲+0.2%
    USDEUR 90 day chart
    USD/MXN
    20.12
    ▼-0.1%
    30d-lows
    USDMXN 90 day chart

    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

    ^ Scroll back up to ^

    ^