OFX USD to SBD Exchange Rates - Compare Best Deals & Save

USD-SBD Best Exchange Rates

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

The OFX USD to SBD exchange rate is 7.6174. This is -9.9% compared to the latest USD-SBD mid-market rate 8.4541.

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 OFX USD-SBD rates compare between providers?

Looking at our comparison table the best USD to SBD exchange rate is 8.3991 from Wise, -0.65% from the mid-market rate 8.4541. The next best rate is 8.2512 from WorldRemit, -2.4% from the mid-rate. WorldRemit with 8.2512 is -2.4% from the mid-rate.

The Western Union rate is 8.3188 which is -1.6% from the mid-rate.

Among the banks, the Citibank rate is 7.4906 at -11.4%, the Chase Bank rate is 7.1524 at -15.4%, and the Wells Fargo Bank rate is 7.1017 at -16% 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 like OFX or platforms that offer rates closer to the mid-market rate.

What are the OFX rates for other currencies?

The table below shows OFX US dollar (USD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :

Currency route	Mid market rate	OFX Send Money Rate	Cost%
USD - AED	3.6730	3.6546	-0.5%*
USD - AUD	1.6133	1.6052	-0.5%*
USD - BND	1.3714	1.3021	-5.1%
USD - CAD	1.4350	1.4278	-0.5%*
USD - CHF	0.9118	0.9072	-0.5%*
USD - CNY	7.3316	7.089	-3.3%
USD - CZK	24.48	24.36	-0.49%*
USD - DKK	7.2408	7.2046	-0.5%*
USD - EUR	0.9705	0.9656	-0.5%*
USD - FJD	2.3279	2.2423	-3.7%
USD - GBP	0.8188	0.8147	-0.5%*
USD - HKD	7.7870	7.7481	-0.5%*
USD - HUF	398.32	396.33	-0.5%*
USD - IDR	16,369	15603.1669	-
USD - ILS	3.6339	3.6157	-0.5%*
USD - INR	86.39	83.2963	-3.6%
USD - JPY	156.90	156.12	-0.5%*
USD - KRW	1,458.7	0.988	-
USD - KWD	0.3086	0.3071	-0.49%*
USD - LKR	293.24	284.3726	-3%
USD - MAD	10.02	9.6958	-3.2%
USD - MGA	4,705.0	3.86	-
USD - MXN	20.49	20.39	-0.49%*
USD - MYR	4.4990	4.4765	-0.5%*
USD - NOK	11.36	11.3	-0.53%*
USD - NZD	1.7839	1.775	-0.5%*
USD - OMR	0.3850	0.3734	-3%
USD - PEN	3.7735	3.6487	-3.3%
USD - PGK	3.9620	3.8027	-4%
USD - PHP	58.59	58.3	-0.49%*
USD - PKR	278.65	269.5747	-3.3%
USD - PLN	4.1358	4.1151	-0.5%*
USD - SAR	3.7529	3.6279	-3.3%
USD - SBD	8.4541	7.6174	-9.9%
USD - SCR	14.36	13.2363	-7.8%
USD - SEK	11.16	11.1	-0.54%*
USD - SGD	1.3675	1.3607	-0.5%*
USD - THB	34.70	34.53	-0.49%*
USD - TOP	2.4444	2.1904	-10.4%
USD - TRY	35.49	35.31	-0.51%*
USD - TWD	33.00	31.5692	-4.3%
USD - VND	25,384	23936.6886	-
USD - VUV	118.72	115.078	-3.1%
USD - WST	2.8000	2.5484	-9%
USD - XOF	636.58	616.476	-3.2%
USD - XPF	115.81	111.9039	-3.4%
USD - ZAR	18.86	18.77	-0.48%*

OFX Send Money Exchange Rates

* BER discount rate that we have negotiated with OFX. To obtain these special rates, click through to OFX from our above exchange rate comparison tool.

Compare Rates

The OFX 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 OFX and other foreign exchange providers against the latest USD-SBD mid-rate (see Market Data below ) and the possible savings of using various providers.

OFX at a glance:

OFX has a 20-year history and is one of the largest foreign exchange specialists in the world. It offers a complete foreign exchange solution, including discounted money transfers, currency hedging tools, recurring transfers, a multi-currency account for online sellers and much more.

OFX grew from the idea that there had to be a better, fairer way to move money around the world. That was over 20 years ago, and since then over 1 million customers have trusted OFX with transfers in 50+ currencies to over 170 countries.

OFX don’t just offer great rates, they believe real help from real people counts. That’s why their clients get the best of both worlds – a seamless digital platform, combined with 24/7 phone access to currency experts.

When it comes to moving money, peace of mind is important. OFX is monitored by over 50 regulators globally and work within a network of carefully selected banking partners. So whether you are sending money to friends and family abroad, or doing business across borders, OFX can get your money where it needs to go. Fast, simple, secure.

Learn more about OFX

Using OFX for money transfers offers the benefit of lower fees and competitive exchange rates compared to traditional banks, making international transactions more cost-effective.

Additionally, OFX provides 24/7 customer support, a range of transfer options including spot and forward contracts, and a user-friendly online platform, enhancing convenience and flexibility for global financial transactions.

What Savings Can I Expect with OFX?

OFX offers exchange rates that beat the banks, and are close or equal to the rates offered by the industry’s lowest-cost services.

When you register via our OFX 0.5% exclusive offer for BER users the cost of sending, for example, 5,000 US dollars to Australia equates to 0.5 percent of the transferred amount, or roughly US$25. You’d pay the same 0.5 percent for the same amount to be sent to Europe and around 1 percent if sending to India. This compares with 4–7 percent with the banks.

For other currency routes we looked at (routes involving AUD, INR, GBP, EUR, SGD and USD), the average cost of an international payment with OFX was 0.6 percent of the transferred amount. This is exceptional if compared with banks but can be a little more expensive than what is charged by the industry’s lowest-cost services, although such services do not offer the same benefits and customer service as OFX.

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 = SBD

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90d-highs

USD to SBD is at 90-day highs near 8.4432, just 0.9% above its 3-month average of 8.3707, having traded in a stable 1.9% range from 8.2856 to 8.4432

14-JAN 7PM-NY 15-JAN 12AM-LON 8AM-HK 11AM-SYD

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1 SBD = 0.1183 USD

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

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$ 8.4541
$ 5	S$ 42.27
$ 10	S$ 84.54
$ 20	S$ 169.08
$ 50	S$ 422.71
$ 100	S$ 845.41
$ 250	S$ 2,114
$ 500	S$ 4,227
$ 1,000	S$ 8,454
$ 2,000	S$ 16,908
$ 5,000	S$ 42,271
$ 10,000	S$ 84,541
$ 20,000	S$ 169,082
$ 50,000	S$ 422,705
$ 100,000	S$ 845,410

USD	SBD
$ 0.1183	S$ 1
$ 0.5915	S$ 5
$ 1.1830	S$ 10
$ 2.3660	S$ 20
$ 5.9150	S$ 50
$ 11.83	S$ 100
$ 29.58	S$ 250
$ 59.15	S$ 500
$ 118.30	S$ 1,000
$ 236.60	S$ 2,000
$ 591.50	S$ 5,000
$ 1,183	S$ 10,000
$ 2,366	S$ 20,000
$ 5,915	S$ 50,000
$ 11,830	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

15 JanRecent forecasts and analyst commentary indicate that the USD to SBD exchange rate remains robust, with the US dollar trading at 90-day highs near 8.4432, reflecting a modest gain as it sits about 0.9% above its three-month average of 8.3707. This strength is propelled by increasing investor confidence towards the dollar amid a cautious market sentiment, largely influenced by geopolitical factors and monetary policy expectations. FX analysts note that the market is particularly focused on upcoming US non-farm payrolls data, which could further fuel the dollar's strength if job creation meets or exceeds expectations.

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:

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.
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.
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.
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.
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.

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.

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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

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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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OFX USD to SBD Exchange Rates Compared Live