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Solomon Islands dollar Exchange Update, Chart & History

SBD Markets Update - Our review of Solomon Islands dollar Forecasts and News plus Charts and Historic Rates. Check SBD Trends over various time periods.

 

Solomon Islands dollar (SBD) Market Update

According to recent exchange rate analyst forecasts and currency market updates, the US dollar (USD) is set to maintain its strength against the Solomon Islands Dollar (SBD) in the near term. The USD closed last week on a positive note as expectations for Federal Reserve interest rate cuts were reduced. Despite a fall in US Treasury yields, the USD is expected to continue its momentum as long as market risk appetite remains weak. FX analysts suggest that the blowout January jobs report and strong US economic performance have shifted expectations, delaying potential rate cuts from the Federal Reserve. ING predicts no rate cut in March but maintains a call for rate cuts in May, with further reductions anticipated later in the year.

Recent USD to SBD pricing data shows the exchange rate near its 3-month average, indicating relative stability within a 4.7% trading range. The market view is that the US economy's resilience and strong job market performance are key factors supporting the USD's strength. The upcoming US data releases, such as the Consumer Price Index (CPI) and Retail Sales figures, are expected to influence the timing of any potential interest rate cuts by the Federal Reserve. The focus will be on the Federal Reserve's interest rate decision on March 20th, with markets closely monitoring Chairman Jerome Powell's statements and the messaging from the central bank regarding future monetary policy actions.

 

US dollar to Solomon Islands dollar - USD/SBD Trend

 
USD to SBD is at 7-day highs near 8.4653, just above its 3-month average, having traded in a quite stable 4.7% range from 8.3511 to 8.7471
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1 USD =
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SBD
 
+0.1%
📈1W
 
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Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

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