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USD to SOS Calculator

United States Dollar to Somali Shilling - Convert Compare Save

USD to SOS mid-rate = 577.3927

Right now the USD/SOS market mid-rate is 577.3927 and represents ideally how many Somali Shilling you can get for one United States Dollar.

You can calculate equivalent United States Dollar to Somali Shilling currency amounts (at mid-rate) below.

USD / SOS Converter


$USD


SSOS
1 United States Dollar equals
577.3927 Somali Shilling

Compare how much you can save on
USD/SOS exchange rates for:

Foreign Transfers

 
 
3 Month USD to SOS Chart
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Sending to SOS we recommend: WorldRemit WorldRemit

United States Dollar

Somali Shilling

1 USD 577.39 SOS
5 USD 2,886.96 SOS
10 USD 5,773.93 SOS
20 USD 11,547.85 SOS
50 USD 28,869.64 SOS
100 USD 57,739.27 SOS
250 USD 144,348.18 SOS
500 USD 288,696.35 SOS
1,000 USD 577,392.70 SOS
2,000 USD 1,154,785.40 SOS
5,000 USD 2,886,963.50 SOS
10,000 USD 5,773,927.00 SOS
50,000 USD 28,869,635.00 SOS
100,000 USD 57,739,270.00 SOS
See more

United States Dollar

Somali Shilling

0.0017 USD 1 SOS
0.0087 USD 5 SOS
0.0173 USD 10 SOS
0.0346 USD 20 SOS
0.0866 USD 50 SOS
0.1732 USD 100 SOS
0.4330 USD 250 SOS
0.8660 USD 500 SOS
1.7320 USD 1,000 SOS
3.4640 USD 2,000 SOS
8.6600 USD 5,000 SOS
17.32 USD 10,000 SOS
86.60 USD 50,000 SOS
173.20 USD 100,000 SOS
See more

SOS Country Guides
SomaliaSomalia

United States Dollar to Somali Shilling (USD-SOS) - 10 Year History

The below table shows the historic variation in the USD/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 USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
16 Dec 2018580.5000Latest
09 Dec 2018578.39501 Week+0.36%
16 Nov 2018579.50001 Month+0.17%
19 Jun 2018572.25006 Months+1.44%
16 Dec 2017580.30671 Year+0.03%
16 Dec 2016570.44952 Years+1.76%
17 Dec 20131152.83845 Years-49.65%
18 Dec 20081373.131510 Years-57.72%

Best Rates for USD/SOS Transfers and Travel Money

The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.


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

The USD/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 USD / 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 USD/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 USD to SOS exchange rate

  1. Know the latest USD/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 United States 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 USD vs SOS, you should pay attention to both United States Dollar and Somali Shilling news and forecasts.

United States Dollar (USD) - Market news and forecasts

14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.

The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.

Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.

The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.

For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.

Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.

Somali Shilling (SOS) - Market news and forecasts

No recent Somali Shilling market updates.


 

Currency News and Forecasts - United States Dollar

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