Foreign exchange guide to Somalia and the Somali shilling
What's in this Somalia currency guide?
The official currency of Somalia (country code: SO) is the Somali shilling, with symbol S and currency code SOS.
The Somali shilling (SOS) is the official currency of Somalia, a country located in the Horn of Africa. Here are a few things to know about the Somali shilling:
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.
Somalia is a country in the Horn of Africa that has a history of conflict and political instability. Travel to Somalia is generally not recommended due to the ongoing security risks and the risk of terrorist attacks, kidnapping, and other forms of violence. The U.S. Department of State has issued a Level 4: Do Not Travel warning for Somalia.
If you do decide to travel to Somalia, it is important to exercise extreme caution, stay up to date on local security developments, and follow the advice of local authorities and your embassy or consulate. It is also advisable to have a well-planned and secure itinerary and to avoid traveling alone. It is important to be aware of local customs and cultural norms and to dress modestly.
It is also important to note that the availability of medical care, transportation, and other services may be limited in Somalia, and there may be restrictions on the ability of foreign governments to provide assistance to their citizens in the event of an emergency. It is advisable to have appropriate insurance coverage and to carry copies of important documents in case of an emergency.
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?
|$ 1||S 570.92|
|$ 5||S 2,855|
|$ 10||S 5,709|
|$ 20||S 11,418|
|$ 50||S 28,546|
|$ 100||S 57,092|
|$ 250||S 142,730|
|$ 500||S 285,460|
|$ 1,000||S 570,920|
|$ 2,000||S 1,141,840|
|$ 5,000||S 2,854,600|
|$ 10,000||S 5,709,200|
|$ 20,000||S 11,418,400|
|$ 50,000||S 28,546,000|
|$ 100,000||S 57,092,000|
|$ 0.0018||S 1|
|$ 0.0088||S 5|
|$ 0.0175||S 10|
|$ 0.0350||S 20|
|$ 0.0876||S 50|
|$ 0.1752||S 100|
|$ 0.4380||S 250|
|$ 0.8760||S 500|
|$ 1.7520||S 1,000|
|$ 3.5040||S 2,000|
|$ 8.7600||S 5,000|
|$ 17.52||S 10,000|
|$ 35.04||S 20,000|
|$ 87.60||S 50,000|
|$ 175.20||S 100,000|
To get a good (and fair) exchange rate when sending money to Somalia you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
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 the above 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!