Adrienne Fuller is the head of publishing at Finder US. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
US Dollar to Solomon Islands Dollar Exchange Rate
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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.
|Sub unit symbol:||c|
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
Solomon Islands Dollar
|Currency:||Solomon Islands Dollar|
|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
- 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
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
|Oct 17||Oct 18||Oct 19||Oct 20||Oct 21||Oct 22||Oct 23||Oct 24||Oct 25||Oct 26|
|1 USD =||8.1334 Inverse: 0.1229||8.0808 Inverse: 0.1237||8.0808 Inverse: 0.1237||8.0939 Inverse: 0.1235||8.0808 Inverse: 0.1237||8.0808 Inverse: 0.1237||8.0808 Inverse: 0.1237||8.0808 Inverse: 0.1237||8.0951 Inverse: 0.1235||8.0905 Inverse: 0.1236|
US Dollar to the Solomon Islands Dollar for the last 10 months
|Dec 2019||Jan 2020||Feb 2020||Mar 2020||Apr 2020||May 2020||Jun 2020||Jul 2020||Aug 2020||Sep 2020|
|1 USD =||8.3039 Inverse: 0.1204||8.3010 Inverse: 0.1205||8.2612 Inverse: 0.1210||8.2680 Inverse: 0.1209||8.3356 Inverse: 0.1200||8.3385 Inverse: 0.1199||8.3370 Inverse: 0.1199||8.3149 Inverse: 0.1203||8.2656 Inverse: 0.1210||8.1531 Inverse: 0.1227|
US Dollar to the Solomon Islands Dollar for the last 10 years
|Oct 2010||Oct 2011||Oct 2012||Oct 2013||Oct 2014||Oct 2015||Oct 2016||Oct 2017||Oct 2018||Oct 2019|
|1 USD =||7.5515 Inverse: 0.1324||7.5782 Inverse: 0.1320||7.1535 Inverse: 0.1398||7.1646 Inverse: 0.1396||7.3805 Inverse: 0.1355||7.9092 Inverse: 0.1264||7.8522 Inverse: 0.1274||7.8081 Inverse: 0.1281||7.9946 Inverse: 0.1251||8.2373 Inverse: 0.1214|
Market rate for common transfer amounts USD to SBD
|US Dollars (USD)||Solomon Islands Dollar (SBD)|
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