According to the most recent data, 50 Somali Shillings (SOS) can be exchanged for approximately $0.0876 (USD) . This exchange rate highlights the nuanced relationship between the Somali Shilling and the US Dollar, reflecting subtle fluctuations in their valuation.
The current conversion rate stands at 1 SOS = $0.00175124 , while 1 USD is equivalent to roughly 571.024 SOS . To provide a clearer understanding of these dynamics, below is a breakdown of key conversions between the two currencies:
Somali Shilling to US Dollar Conversions
- 1 SOS = $0.00175124
- 5 SOS = $0.0087562
- 10 SOS = $0.0175124
- 25 SOS = $0.043781
- 50 SOS = $0.087562
- 100 SOS = $0.175124
- 500 SOS = $0.87562
- 1,000 SOS = $1.75124
- 5,000 SOS = $8.7562
- 10,000 SOS = $17.5124
US Dollar to Somali Shilling Conversions
- 1 USD = 571.024 SOS
- 5 USD = 2,855.12 SOS
- 10 USD = 5,710.24 SOS
- 25 USD = 14,275.6 SOS
- 50 USD = 28,551.2 SOS
- 100 USD = 57,102.4 SOS
- 500 USD = 285,512 SOS
- 1,000 USD = 571,024 SOS
- 5,000 USD = 2,855,120 SOS
- 10,000 USD = 5,710,240 SOS
Recent Exchange Rate Trends
Over the past week, month, and quarter, the SOS/USD exchange rate has shown slight volatility. The highest recorded rate in the last seven days was $0.0017774 per SOS , while the lowest was $0.0017499 . Similarly, the 30-day and 90-day highs and lows remained consistent with these figures, indicating a stable yet fluctuating trend.
In the past year, the Somali Shilling has experienced a marginal decline of 0.11% against the US Dollar. These fluctuations, though small, carry implications for international trade and Somalia's domestic economy, affecting businesses and individuals alike.
The exchange rate's stability—or lack thereof—plays a critical role in shaping economic conditions within Somalia, influencing everything from import costs to remittance flows. Observers will continue monitoring these trends for signs of broader economic shifts.