In the face of global economic fluctuations, currency exchange rates play a critical role in shaping financial decisions for both individuals and businesses. A closer examination of the U.S. dollar's performance against the Somali shilling reveals key insights into current market conditions and potential future trends.
Current Exchange Rate Overview
As of the latest data, 100 U.S. dollars (USD) converts to approximately 57,102 Somali shillings (SOS) , establishing an exchange rate of 571.024 SOS per 1 USD. Conversely, 1 Somali shilling is valued at roughly 0.00175124 USD. Over the past year, this pairing has demonstrated minimal volatility, with a marginal upward trend of +0.11% .
Short-Term Volatility: 30-Day Analysis
The USD/SOS exchange rate has maintained relative stability in recent weeks, fluctuating between 562.63 and 571.47 SOS per dollar . The 30-day arithmetic average stands at 567.49 SOS, indicating no significant deviations from established norms. Market observers continue to monitor these movements for signs of emerging trends.
Quarterly Perspective: 90-Day Performance
Expanding the analysis to a three-month window reveals slightly broader parameters, with rates reaching a high of 572.49 SOS while maintaining the same 30-day low of 562.63 SOS. The quarterly average of 570.38 SOS suggests consistent dollar strength in Somali markets, with noticeable leverage effects influencing currency valuations.
Implications for Stakeholders
These exchange rate dynamics carry significant implications for various market participants. Individuals conducting international remittances and businesses engaged in import/export operations must remain cognizant of these fluctuations. The stability shown in recent data provides a measure of predictability for financial planning, though continued monitoring remains advisable given global economic uncertainties.