Foreign exchange guide to Somalia and the Somali Shilling (SOS)
The below interactive chart shows the USD to SOS exchange rate, trend and recent alerts for the last 90 days.
The domestic currency in Somalia is the Somali Shilling.
The three letter currency code for the Somali Shilling is SOS — symbol is S.
It is the domestic currency in Somalia.
No, the Somali Shilling is freely available and convertible. See guide: What is a closed currency?
Save money and time by Ordering your Somali Shilling online from Travelex, you get better rates and can pick up the SOS cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Somali Shilling otherwise you may get much worst exchange rates.
When searching around for information on how to get a good exchange rate when sending money to Somalia you need to start with finding out the latest Somali Shilling foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
When sending money to Somalia it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
Use our Send to Somali Shilling calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Somali Shilling deposited into the recipient bank account and less margins and fees kept by the banks!