In the context of global economic volatility, exchange rate movements between the US dollar and the Somali shilling have drawn significant attention. The current exchange rate stands at 1 USD to 571.02 SOS , reflecting relative stability in the Somali shilling's recent performance. Conversely, 1 Somali shilling equals 0.00175 USD , with these fluctuations providing valuable market insights.
Statistical data reveals minimal volatility in the USD/SOS pair over the past 30 days, peaking at 571.46 and dipping to 562.63. The 30-day average settled at 567.49 with a remarkably low fluctuation rate of just 0.77% . This stability extends through the 90-day period, where the average exchange rate remained near 570.38, demonstrating sustained market focus on this currency relationship.
These exchange rate dynamics reflect both international market influences and Somalia's domestic economic trajectory. As global economies navigate recovery pathways, maintaining currency stability emerges as a critical policy consideration. Market participants are advised to monitor these developments closely to inform strategic financial decisions.