As of the latest data, 1 Somali Shilling (SOS) is equivalent to $0.000017508726 , while 1 US Dollar (USD) can be exchanged for approximately 571.144 SOS . This exchange rate highlights the limited valuation of the Somali Shilling in global financial markets, underscoring the challenges faced by currencies with minimal international traction.
Recent 30-day trends reveal measurable fluctuations in the SOS exchange rate. The currency reached a high of $0.0017774 and a low of $0.0017499 , with an average rate of $0.0017622 . Over the past three months, the SOS exhibited a 0.30% volatility rate , reflecting modest but discernible market activity. While the Somali Shilling remains peripheral in global trade, its exchange rate holds practical significance for local businesses and individuals within Somalia's economy.
Market analysts note that the SOS maintains relative stability despite its low absolute value. The narrow range between peak and trough values suggests predictable trading conditions, enabling investors to assess risk-reward ratios with greater clarity in foreign exchange transactions.
Though the Somali Shilling's macroeconomic impact is limited, its interaction with major currencies like the USD offers insights into the dynamics of emerging-market currencies. For enterprises engaged in cross-border trade, monitoring these exchange rate movements remains an essential operational consideration.