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Somalia - Somali Shilling - Currency Guide

 

Foreign exchange guide to Somalia and the Somali Shilling (SOS)

   

USD/SOS 90-day view

USD/SOS at 579.38 is near its 90-DAY average, range 576.76 - 585 .
|
1-DAY1% 14-DAY-HIGH
 
Recent USD to SOS 90-day trend
   

SOS News, Forecasts and Trends

The above interactive chart shows the USD to SOS exchange rate, trend and recent alerts for the last 90 days.

US Dollar to Somali Shilling - Historical Rates

USD/SOS rateChangePeriod
14 Sep 2020 : 580.34410% ▼1 Week
22 Aug 2020 : 576.76450.6% ▲30 Days
23 Jun 2020 : 580.45070.1% ▼90 Days
22 Sep 2019 : 580.00000% ▲1 Year
23 Sep 2015 : 635.82938.8% ▼5 Years
24 Sep 2010 : 1599.995563.7% ▲10 Years

USD/SOS 10 year historic rates & change to 21-Sep-2020 : 580.0657

 

U$10,000 USD
=
S5,793,791 SOS

Converted at USD/SOS interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Somali Shilling - Quick Conversions

USD SOS
U$ 1 S 579.38
U$ 5 S 2,897
U$ 10 S 5,794
U$ 20 S 11,588
U$ 50 S 28,969
U$ 100 S 57,938
U$ 250 S 144,845
U$ 500 S 289,690
U$ 1,000 S 579,380
U$ 2,000 S 1,158,760
U$ 5,000 S 2,896,900
U$ 10,000 S 5,793,800
U$ 50,000 S 28,969,000
U$ 100,000 S 57,938,000
More amounts
USD SOS
U$ 0.0017 S 1
U$ 0.0086 S 5
U$ 0.0173 S 10
U$ 0.0345 S 20
U$ 0.0863 S 50
U$ 0.1726 S 100
U$ 0.4315 S 250
U$ 0.8630 S 500
U$ 1.7260 S 1,000
U$ 3.4520 S 2,000
U$ 8.6300 S 5,000
U$ 17.26 S 10,000
U$ 86.30 S 50,000
U$ 172.60 S 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Somalia?

The domestic currency in Somalia is the Somali Shilling.

What is the Somali Shilling currency code and symbol?

The three letter currency code for the Somali Shilling is SOS — symbol is S.

Which countries use the Somali Shilling?

It is the domestic currency in    Somalia.

Is the Somali Shilling a closed currency?

No, the Somali Shilling is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Somalia

Travel money for Somalia

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.

 

Sending money to Somalia

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 exchange rate for foreign-transfers, which can be very different to the wholesale 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 in the below table.


Get a better deal for foreign transfers to Somalia

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 :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Somali Shilling amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted SOS amount will be transfered to the recipient account you specify in Somalia.

Use the above 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!


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