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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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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:
-Bank notes:
+$1, $5, $10, $20, $50, $100
-Coins:
+c, 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:
-Bank notes:
+$5, $10, $20, $50, $100
-Coins:
+c, 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.

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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	Compare	Show details	Details Minimum transfer amount 1,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BHD, BND, CAD, CHF, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
GBP 1,000	1 - 2 days	N/A	N/A	N/A	Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000). CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.	Go to site	Compare	Show details	Details Minimum transfer amount GBP 1,000.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
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	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SPL, SRD, SVC, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XDR, XOF, XPF, YER, ZAR, ZMW, ZWD, BYN Go to site Read the full review
$2,000	1 day	N/A	N/A	N/A	CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates.	Go to site	Compare	Show details	Details Minimum transfer amount 2,000.00 Transfer methods Online, Phone Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email, Branch Available currencies AED, AUD, CAD, CHF, DKK, EGP, EUR, GBP, HKD, ILS, JPY, NOK, NZD, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
$10	Within an hour	N/A	N/A	N/A	Special offers like free transfers and better exchange rates available for new customers. Remitly has quick, affordable transfers around the world, with both express and economy options.	Go to site	Compare	Show details	Details Minimum transfer amount 10.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Chat, Email Available currencies ALL, AMD, ARS, AZN, BAM, BDT, BGN, BIF, BOB, BRL, BSD, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, EUR, FJD, GEL, GHS, GMD, GNF, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KZT, LKR, LRD, MAD, MDL, MGA, MKD, MWK, MXN, MYR, NIO, NPR, PAB, PEN, PHP, PKR, PLN, PYG, RON, RSD, RUB, RWF, SLL, SRD, SVC, THB, TJS, TND, TRY, TZS, UAH, UGX, USD, UYU, UZS, VND, XAF, XOF, ZAR, ZMW, BYN Go to site Read the full review
$1	1 - 2 days	N/A	N/A	N/A	Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount 1.00 Transfer methods Online Transfer options Regular payments, One off payments Customer service Phone, Chat, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
USD 10,000	1 - 2 days	N/A	N/A	N/A	Dunbridge Financial offers diverse transfer options to more than 120 countries. Powered by Currencycloud.	Go to site	Compare	Show details	Details Minimum transfer amount USD 10,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat, Email Available currencies AED, AFN, ALL, AMD, ARS, AUD, AZN, BAM, BDT, BGN, BHD, BIF, BMD, BOB, BRL, BWP, BYR, CAD, CHF, CNY, COP, CRC, CZK, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, INR, IQD, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, LAK, LBP, LKR, LRD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MUR, MVR, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SLL, THB, TJS, TND, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, VND, VUV, WST, XOF, XPF, YER, ZAR, ZMW Go to site Read the full review
$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	Compare	Show details	Details Minimum transfer amount 1.00 Transfer methods Online, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order Transfer options N/A Customer service Phone, Email Available currencies AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BZD, CAD, CHF, CLP, CNY, COP, CRC, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, GBP, GEL, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, IQD, IRR, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SLL, SRD, STD, SVC, SZL, THB, TJS, TND, TOP, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW, BYN Go to site Read the full review
$1	3 - 5 days	N/A	N/A	N/A	Western Union sends money online to friends and family in 200+ countries around the world.	Go to site	Compare	Show details	Details Minimum transfer amount 1.00 Transfer methods Online, Phone, Agent, Bank Account to Bank Account, International Money Order Transfer options Regular payments, One off payments Customer service Phone, Chat, Email, Branch Available currencies AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SPL, SRD, STD, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XDR, XOF, XPF, YER, ZAR, ZMW Go to site Read the full review

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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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US dollar to Solomon Islander dollar exchange rate