US Dollar to Solomon Islands Dollar Exchange Rate

Live Rate

= SI$ 8.3370

Refreshing in: 60s | Fri, Jul 10, 08:06AM GMT

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How can I get the best exchange rate between the US dollar and the Solomon Islands dollar?

The Solomon dollar is a free-floating currency, although it was once tied to the Australian dollar at a 1-to-1 ratio. As a result of close ties with Australia, the most common exchange with the Solomon Islands dollar is the Australian dollar, however you can exchange USD as well.

Travelers to the Solomon Islands will find that while Australian dollars are accepted at some hotels and resorts, local currency will be needed elsewhere for daily purchases. Cash is still the norm and ATMs can be found throughout the capital of Honiara, with fewer in smaller towns. Keep in mind that credit and debit cards aren’t always accepted outside of major hotels and restaurants.

For those who are planning to make a money transfer to someone in the Solomon Islands, making the transfer in either US dollars or Australian dollars will probably be your only choice. As a very small currency by international standards, only a few online money transfer providers are able to convert currency into the Solomon Islands dollar.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Sub unit symbol:c
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Solomon Islands Dollar

The dollar is the official currency of the Solomon Islands, comprising six large islands and 900 smaller ones. The islands are undeveloped and rely on agriculture and mining to support their economy. They do have some tourism but have little infrastructure and transportation to make it lucrative.
Currency:Solomon Islands Dollar
Currency Symbol:SI$
Sub unit:cent
Sub unit symbol:c
Bank notes:$5, $10, $20, $50, $100
Coins:10c, 20c, 50c, $1, $2

What affects exchange rates between the US dollar and the Solomon Islands dollar?

Exchange rates between the US dollar and the Solomon Islands dollar can be affected by a whole range of different factors:

  • Economic conditions
  • Mining of minerals like gold and zinc
  • Tourism
  • Subsistence agriculture

It’s estimated that 75% of the labor force in the Solomon Islands makes their living from subsistence farming and fishing. If farming or fishing took a downturn in the Solomon Islands, we’d likely see a loss of value in the SBD.

Send money from USD to SBD

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 8.254 SBD 41,268 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
USD 1 Same day USD 0.00 8.299 SBD 41,497 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details

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How does the Solomon Islands dollar trade against the US dollar historically?

The Solomon Islands dollar was introduced as the official currency and a replacement for the Australian dollar in 1977. Until 1979, the newly introduced SBD could be exchanged for AUD at par. After that year, the Solomon Islands dollar started to lose its value compared to both the Australian dollar and the US dollar, bringing the value of it down to only about 12 US cents.

Interestingly, the Solomon Islands is one of very few remaining countries where traditional money in the form of sea shells and dolphin teeth is still in use in some remote parts of the country. Seashells have functioned as money for thousands of years in Pacific islands and is considered one of the oldest forms of money that we know about.

US Dollar to the Solomon Islands Dollar for the last 10 days

Jun 30 Jul 01 Jul 02 Jul 03 Jul 04 Jul 05 Jul 06 Jul 07 Jul 08 Jul 09
1 USD = 8.3496 Inverse: 0.1198 8.3705 Inverse: 0.1195 8.3705 Inverse: 0.1195 8.3370 Inverse: 0.1199 8.3370 Inverse: 0.1199 8.3370 Inverse: 0.1199 8.3231 Inverse: 0.1201 8.3092 Inverse: 0.1203 8.3231 Inverse: 0.1201 8.3370 Inverse: 0.1199

US Dollar to the Solomon Islands Dollar for the last 10 months

Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020
1 USD = 8.2394 Inverse: 0.1214 8.2695 Inverse: 0.1209 8.2680 Inverse: 0.1209 8.2714 Inverse: 0.1209 8.3023 Inverse: 0.1204 8.2680 Inverse: 0.1209 8.3023 Inverse: 0.1204 8.3385 Inverse: 0.1199 8.2677 Inverse: 0.1210 8.3628 Inverse: 0.1196

US Dollar to the Solomon Islands Dollar for the last 10 years

Jul 2010 Jul 2011 Jul 2012 Jul 2013 Jul 2014 Jul 2015 Jul 2016 Jul 2017 Jul 2018 Jul 2019
1 USD = 7.7253 Inverse: 0.1294 7.3543 Inverse: 0.1360 7.3418 Inverse: 0.1362 7.1838 Inverse: 0.1392 7.2347 Inverse: 0.1382 7.9048 Inverse: 0.1265 7.9034 Inverse: 0.1265 7.8552 Inverse: 0.1273 7.9574 Inverse: 0.1257 8.2079 Inverse: 0.1218

Market rate for common transfer amounts USD to SBD

US Dollars (USD) Solomon Islands Dollar (SBD)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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