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US dollar to Solomon Islander dollar exchange rate

Find the best USD/SBD exchange rate for 14 Apr 2021.

Live Rate

= SI$ 7.9907

Refreshing in: 60s | Wed, Apr 14, 03:12PM GMT

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There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

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
$1,000 1 day USD 0.00 7.911 SBD 39,554 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
USD 1 Same day USD 0.00 7.955 SBD 39,774 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$1 Within an hour USD 8.00 7.811 SBD 38,992 MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Best ways to send money to the Solomon Islands

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

Apr 04 Apr 05 Apr 06 Apr 07 Apr 08 Apr 09 Apr 10 Apr 11 Apr 12 Apr 13
1 USD = 7.9873 Inverse: 0.1252 7.9873 Inverse: 0.1252 7.9873 Inverse: 0.1252 7.9873 Inverse: 0.1252 7.9873 Inverse: 0.1252 7.9873 Inverse: 0.1252 7.9843 Inverse: 0.1252 7.9843 Inverse: 0.1252 7.9779 Inverse: 0.1253 7.9907 Inverse: 0.1251

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

Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021
1 USD = 8.3287 Inverse: 0.1201 8.3496 Inverse: 0.1198 8.2657 Inverse: 0.1210 8.1667 Inverse: 0.1224 8.1667 Inverse: 0.1224 8.1019 Inverse: 0.1234 8.0666 Inverse: 0.1240 7.9763 Inverse: 0.1254 7.9881 Inverse: 0.1252 7.9531 Inverse: 0.1257

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

Apr 2011 Apr 2012 Apr 2013 Apr 2014 Apr 2015 Apr 2016 Apr 2017 Apr 2018 Apr 2019 Apr 2020
1 USD = 7.6467 Inverse: 0.1308 7.1310 Inverse: 0.1402 7.1710 Inverse: 0.1395 7.2742 Inverse: 0.1375 7.7680 Inverse: 0.1287 7.9567 Inverse: 0.1257 7.8707 Inverse: 0.1271 7.7885 Inverse: 0.1284 8.1743 Inverse: 0.1223 8.3039 Inverse: 0.1204

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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