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Best Exchange Rates

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AUD to SOS - Compare Exchange Rates

Australian Dollar to Somali Shilling - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AUD to SOS interbank exchange rate = 413.8343

Right now the AUD/SOS interbank exchange rate is 413.8343. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Somali Shilling to Australian Dollar.

This AUD/SOS Converter calculates equivalent Australian Dollar to Somali Shilling amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

AUD / SOS converter & margin calculator


$AUD
SSOS
Mid-rates:
 
Sending AUD->SOS we recommend:

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1 Week AUD to SOS
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Australian Dollar

Somali Shilling

1 AUD 413.83 SOS
5 AUD 2,069.17 SOS
10 AUD 4,138.34 SOS
20 AUD 8,276.69 SOS
50 AUD 20,691.72 SOS
100 AUD 41,383.43 SOS
250 AUD 103,458.58 SOS
500 AUD 206,917.15 SOS
1,000 AUD 413,834.30 SOS
2,000 AUD 827,668.60 SOS
5,000 AUD 2,069,171.50 SOS
10,000 AUD 4,138,343.00 SOS
50,000 AUD 20,691,715.00 SOS
100,000 AUD 41,383,430.00 SOS
See more

Australian Dollar

Somali Shilling

0.0024 AUD 1 SOS
0.0121 AUD 5 SOS
0.0242 AUD 10 SOS
0.0483 AUD 20 SOS
0.1208 AUD 50 SOS
0.2416 AUD 100 SOS
0.6040 AUD 250 SOS
1.2080 AUD 500 SOS
2.4160 AUD 1,000 SOS
4.8320 AUD 2,000 SOS
12.08 AUD 5,000 SOS
24.16 AUD 10,000 SOS
120.80 AUD 50,000 SOS
241.60 AUD 100,000 SOS
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SOS Country Guides
SomaliaSomalia

Australian Dollar to Somali Shilling (AUD-SOS) - 10 Year History

The below table shows the historic variation in the AUD/SOS exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.

DateExchange RatePeriodChange
20 Mar 2019412.5180Latest
13 Mar 2019410.98571 Week+0.37%
18 Feb 2019412.64141 Month-0.03%
21 Sep 2018421.64026 Months-2.16%
20 Mar 2018445.32861 Year-7.37%
20 Mar 2017447.53642 Years-7.82%
21 Mar 2014914.50955 Years-54.89%
22 Mar 2009972.716810 Years-57.59%

Why can't I just get the AUD/SOS market rate I see on Google or in the Media?

The AUD/SOS mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / SOS was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market AUD/SOS midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good AUD to SOS exchange rate

  1. Know the latest AUD/SOS market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Australian Dollar and Somali Shilling

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs SOS, you should pay attention to both Australian Dollar and Somali Shilling news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Somali Shilling (SOS) - Market news and forecasts

No recent Somali Shilling market updates.