Send Money Transfer to Somalia from the UK

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ClearFX

ClearFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
15
5%
1.091
109,147.40 EUR
FCA Regulated

RationalFX

RationalFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£100
0
1%
1.137
113,743.08 EUR
FCA Regulated

Clear Capital

Clear Capital

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£1000
Free over £5000
0.7%
1.141
114,087.76 EUR
FCA Regulated

Transfer money to Somalia

Whatever your reason for sending money to Somalia. So, Compare Money Transfer will make your currency transfer as straight forward and cost-effective as possible.

Currency for Somalia.
The Shilling (SOS) is now the official currency of Somalia.

Send Money Transfer to Somalia

Money Transfer To Somalia? There are many people all over the world who have their business in Mogadishu. And there are also many who buy real estate property in Somalia. These conditions make it important for them to send money to Somalia often. Maybe to take care of the salary expenses and for every other expense. They will have to send money to Somalia.

This makes it clear that they will be sending money to Somalia very often than usual. In such a situation, when you will have to often send money to Mogadishu. You will have to find a service provider who will be able to offer you best exchange rates. And who will charge very fewer transaction fees?

Only when these two things are satisfied, it will make sense sending money to Mogadishu often. Or else, every time you send money to Somalia. You will be losing a lot of money on the transaction fee itself.

Hence, Using high street banks is one of the oldest and traditional ways. Of doing all types of money transfer to Somalia. However, it is also true that it is one of the most expensive ways of sending money to Somalia. As they charge a very high transaction fee and also pay very less exchange rate.

Therefore, this is the best exchange rate. That they will be able to offer their customers as they exchange currency for retail rates. Unlike foreign exchange brokers. The main business and the only service that foreign exchange brokers offer is currency transfer services. So, they often send huge amounts of money to Mogadishu. Based on these factors, they are able to exchange currency for wholesale rates.

Best way to transfer money from the UK to Somalia

This brings them more profit that they are able to share with their customers. By using the currency exchange services offered by foreign exchange brokers. We will be able to save a lot of money in the transaction fee. And will also be able to gain more as they offer very good exchange rates.

If you wish to have a hassle free money transfer to Somalia. It will be best to use the currency transfer services offered by foreign exchange brokers. The currency exchange services offered by foreign exchange brokers is also time efficient and more sophisticated too.

They offer many other unique services like direct debit, regular payment plans, forward contract and so on. That will help both people who send money to Somalia often. And those who send a huge amount of money to Mogadishu in saving a lot of money.

When you use a reliable and reputed foreign exchange broker. You will be able to avail all these services at affordable rates. Compare rates available on our website and find the most reliable foreign exchange broker.

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