Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

Solomon Islands dollar Markets

SBD Currency Update - Our review of Solomon Islands dollar forecasts and news plus charts and historic rates. Check SBD Trends over various time periods.

 

The recent uptick in the US dollar (USD) is attributed to stronger-than-expected job growth as indicated by the non-farm payrolls data, which showed an increase to 147,000 in June, surpassing the anticipated 110,000. Coupled with a decline in the unemployment rate and a robust ISM services PMI, these factors contributed to a positive sentiment towards the USD. Analysts note that the strength of the USD may experience subdued movements this week with U.S. markets closed for Independence Day.

The USD is influenced by a variety of factors, including the Federal Reserve's interest rate policies, economic data, and global risk sentiment. A stronger USD often correlates with higher interest rates, drawing investor interest. As a safe-haven currency, the dollar tends to appreciate during periods of economic uncertainty or geopolitical tensions, which remains relevant amid ongoing global conflicts.

In terms of specific exchange rates, the USD to SBD (Samoan tala) has recently traded near a 30-day low of approximately 8.3369, which aligns closely with its three-month average. This stability indicates a relatively narrow trading range of just 0.6% from 8.3163 to 8.3683. Market experts suggest that while the dollar has strengthened, the minor fluctuations suggest a period of consolidation rather than significant volatility.

Furthermore, the USD's value is also affected by U.S. trade relations and fiscal policies. Trade deals and government spending can significantly impact economic growth and investor confidence. Consequently, any widening of the trade deficit might exert downward pressure on the dollar, while strong demand for U.S. exports could bolster its value.

In summary, the USD is currently benefitting from positive employment data and is likely to maintain its position as a key global currency. However, its future trajectory will largely depend on upcoming economic indicators and Federal Reserve policies, alongside external factors that could influence global market stability.

 

US dollar to Solomon Islands dollar - USD/SBD Trend

 
USD to SBD is at 30-day lows near 8.3369, near its 3-month average, having traded in a stable 0.6% range from 8.3163 to 8.3683
|
 
1 USD =
8.3369We compare provider deals to this wholesale mid-market rate. Read more
SBD
 
30d-lows
 
Track Rate

View My Rate Tracker

   
 

Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

Loading exchange rates...