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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 mid-rate = 581

Right now the USD/SOS market mid-rate is 581 and represents ideally how many Somali Shilling you can get for one United States Dollar.

This USD/SOS Converter calculates equivalent United States Dollar to Somali Shilling amounts at the market mid-rate:

USD / SOS mid-rate converter


$USD


SSOS
1 United States Dollar equals
581 Somali Shilling

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

Foreign Transfers

 
 
1 Week USD to SOS Chart
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Sending to SOS we recommend: WorldRemit WorldRemit

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
See more

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
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
22 Feb 2019581.0000Latest
15 Feb 2019580.00001 Week+0.17%
23 Jan 2019579.95561 Month+0.18%
26 Aug 2018576.81376 Months+0.73%
22 Feb 2018582.00001 Year-0.17%
22 Feb 2017575.56572 Years+0.94%
23 Feb 20141053.21675 Years-44.84%
24 Feb 20091405.132510 Years-58.65%

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

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

Somali Shilling (SOS) - Market news and forecasts

No recent Somali Shilling market updates.

Currency News and Forecasts - United States Dollar

Japan Allows Fintech Payments Specialists to Compete with Banks
Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates