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US dollar to Solomon Islander dollar exchange rate
Find the best USD/SBD exchange rate for 14 Apr 2021.
Refreshing in: 60s | Wed, Apr 14, 03:12PM 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.
|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
|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)|
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