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    Best Send Money to Solomon Islands USD/SBD Rates Compared Live

    The live mid-rate USD to SBD exchange rate is 8.4680. 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 8.413 from Wise. This is -0.65% compared to the mid-market rate 8.4680.

    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 8.413 from Wise, -0.65% from the mid-market rate 8.4680. The next best rate is 8.2648 from WorldRemit, -2.4% from the mid-rate. WorldRemit with 8.2648 is -2.4% from the mid-rate.

    The Western Union rate is 8.3325 which is -1.6% from the mid-rate.

    Among the banks, the Citibank rate is 7.4526 at -12%, the Chase Bank rate is 7.1139 at -16%, and the Wells Fargo Bank rate is 7.0631 at -16.6% 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 =
    8.4680We compare provider deals to this wholesale mid-market rate. Read more
    SBD
    ▲+0.1% since yesterday
    90d-highs
    USD to SBD is at 90-day highs near 8.4752, 1.1% above its 3-month average of 8.382, having traded in a very stable 2.3% range from 8.2856 to 8.4752
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      1 SBD = 0.1181 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$ 8.4680
    $ 5 S$ 42.34
    $ 10 S$ 84.68
    $ 20 S$ 169.36
    $ 50 S$ 423.40
    $ 100 S$ 846.80
    $ 250 S$ 2,117
    $ 500 S$ 4,234
    $ 1,000 S$ 8,468
    $ 2,000 S$ 16,936
    $ 5,000 S$ 42,340
    $ 10,000 S$ 84,680
    $ 20,000 S$ 169,360
    $ 50,000 S$ 423,400
    $ 100,000 S$ 846,800
    USD SBD
    $ 0.1181 S$ 1
    $ 0.5905 S$ 5
    $ 1.1810 S$ 10
    $ 2.3620 S$ 20
    $ 5.9050 S$ 50
    $ 11.81 S$ 100
    $ 29.53 S$ 250
    $ 59.05 S$ 500
    $ 118.10 S$ 1,000
    $ 236.20 S$ 2,000
    $ 590.50 S$ 5,000
    $ 1,181 S$ 10,000
    $ 2,362 S$ 20,000
    $ 5,905 S$ 50,000
    $ 11,810 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

     

    The recent forecasts indicate a bullish sentiment surrounding the USD, particularly against the SBD, with the exchange rate reaching significant highs near 8.4752. This value represents a 1.1% increase over its three-month average, suggesting a growing confidence in the US dollar amidst a backdrop of market volatility. FX analysts attribute this surge to a combination of risk-off sentiment and safe-haven flows amid uncertainties surrounding global markets. Notably, the prospect of increased inflation due to anticipated pro-business policies under the Trump administration has further supported expectations for elevated US interest rates, which typically bolster currency strength.

    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.

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    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

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

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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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