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Somalia - Somali shilling - Currency Guide

 

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

   

USD/SOS Trend (90-day)

USDSOS at 580.7 is near its 90-day average, range 575.6-586.0.
|
1-DAY+0.8% 90-DAYHIGH
 
Recent USD to SOS Trend + Alerts

The above interactive chart shows the USD/SOS Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

   

SOS News, Forecasts and Trends

US dollar to Somali shilling - Historical Rates

USD/SOSChangePeriod
581.07
28 Apr 2021
0.1% ▼1 Week
577.89
05 Apr 2021
0.5% ▲30 Days
580.56
04 Feb 2021
0% ▲90 Days
579.83
05 May 2020
0.2% ▲1 Year
606.38
06 May 2016
4.2% ▼5 Years
1599.42
08 May 2011
63.7% ▼10 Years

USD/SOS 10 year historic rates & change to 05-May-2021 : 580.71

 

$10,000 USD
=
S5,807,103 SOS

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

US dollar to Somali shilling - Quick Convert

USD SOS
$ 1 S 580.71
$ 5 S 2,904
$ 10 S 5,807
$ 20 S 11,614
$ 50 S 29,036
$ 100 S 58,071
$ 250 S 145,178
$ 500 S 290,355
$ 1,000 S 580,710
$ 2,000 S 1,161,420
$ 5,000 S 2,903,550
$ 10,000 S 5,807,100
$ 50,000 S 29,035,500
$ 100,000 S 58,071,000
More amounts
USD SOS
$ 0.0017 S 1
$ 0.0086 S 5
$ 0.0172 S 10
$ 0.0344 S 20
$ 0.0861 S 50
$ 0.1722 S 100
$ 0.4305 S 250
$ 0.8610 S 500
$ 1.7220 S 1,000
$ 3.4440 S 2,000
$ 8.6100 S 5,000
$ 17.22 S 10,000
$ 86.10 S 50,000
$ 172.20 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.

 

Send Money to Somalia - Best Rates

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.


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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