The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
USD to SBD Market Data
US dollar (USD) to Solomon Islands dollar (SBD) market data - latest interbank exchange rate, trend, chart & historic rates.
USD to SBD is at 14-day lows near 8.3404, just below its 3-month average, having traded in a stable 1.5% range from 8.3163 to 8.4435
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Tracker
1 SBD =
0.1199 USD
Is the USD to SBD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the US dollar against the Solomon Islands dollar is to review how the USD/SBD rate has changed over time.
The table below shows the percentage change in the USD to SBD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
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
USD/SBD hits 14-day low at 8.34 as rising jobless claims signal labor mkt slowdown. Analysts speculate Fed rate cuts could further weaken USD. Watch tmrw's non-farm payrolls for direction. #forex #currencymarket
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Solomon Islands dollar across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
What is the
best Send Money conversion rate for USD to SBD?
The best USD to SBD exchange rate is 8.2862 from Wise. This is -0.65% compared to the mid-market rate 8.3404.
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.
The above
Dollar to Solomon Islands dollar comparison table
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 and the possible savings of using various providers.
How do USD-SBD rates compare between providers?
Looking at the
full comparison table
the best USD to SBD exchange rate is 8.2862 from Wise, -0.65% from the mid-market rate 8.3404. The next best rate is 8.207 from Western Union, -1.6% from the mid-rate. Then WorldRemit with 8.1403 is -2.4% from the mid-rate.
Among the banks the Chase Bank rate is 7.0153 at -15.9% the Wells Fargo Bank rate is 6.9652 at -16.5% and the Citibank rate is 7.3489 at -11.9% compared to the mid-rate 8.3404.
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.