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USD to SOS - Compare Exchange Rates

United States 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.

 

USD to SOS interbank exchange rate = 581

Right now the USD/SOS interbank exchange rate is 581. 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 United States Dollar.

This USD/SOS Converter calculates equivalent United States 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.

USD / SOS converter & margin calculator


$USD
SSOS
Mid-rates:
 

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Sending USD->SOS we recommend:

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1 Week USD to SOS
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United States Dollar

Somali Shilling

1 USD 581.00 SOS
5 USD 2,905.00 SOS
10 USD 5,810.00 SOS
20 USD 11,620.00 SOS
50 USD 29,050.00 SOS
100 USD 58,100.00 SOS
250 USD 145,250.00 SOS
500 USD 290,500.00 SOS
1,000 USD 581,000.00 SOS
2,000 USD 1,162,000.00 SOS
5,000 USD 2,905,000.00 SOS
10,000 USD 5,810,000.00 SOS
50,000 USD 29,050,000.00 SOS
100,000 USD 58,100,000.00 SOS
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United States Dollar

Somali Shilling

0.0017 USD 1 SOS
0.0086 USD 5 SOS
0.0172 USD 10 SOS
0.0344 USD 20 SOS
0.0861 USD 50 SOS
0.1721 USD 100 SOS
0.4303 USD 250 SOS
0.8605 USD 500 SOS
1.7210 USD 1,000 SOS
3.4420 USD 2,000 SOS
8.6050 USD 5,000 SOS
17.21 USD 10,000 SOS
86.05 USD 50,000 SOS
172.10 USD 100,000 SOS
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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
23 Apr 2019581.0000Latest
16 Apr 2019579.17141 Week+0.32%
24 Mar 2019578.82051 Month+0.38%
25 Oct 2018579.16556 Months+0.32%
23 Apr 2018577.82751 Year+0.55%
23 Apr 2017577.03052 Years+0.69%
24 Apr 2014976.79915 Years-40.52%
25 Apr 20091414.353910 Years-58.92%

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

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Somali Shilling (SOS) - Market news and forecasts

No recent Somali Shilling market updates.