The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
SOS to CAD Market Data
Somali shilling (SOS) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell SOS →
Buy CAD
1 SOS = 0.002415 CAD
1d−0.2%▼
SOS to CAD at 0.002412 is 1.2% below its 3-month average of 0.002442, having traded in a relatively stable 6.3% range from 0.002329 to 0.002475
Is the SOS to CAD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Somali shilling against the Canadian dollar is to review how the SOS/CAD rate has changed over time.
The table below shows the percentage change in the SOS to CAD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The USD to CAD exchange rate has seen notable developments recently, moving close to 60-day lows at approximately 1.3767, down 1.4% from the 3-month average of 1.3961.
The Canadian dollar (CAD) has shown resilience recently, holding steady in light of decreasing oil prices which are historically influential on its value.
To help you understand the real-world value of the current exchange rate, the table below shows how much Somali shilling are worth in Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different SOS amounts at today’s rate * :
What is the
best Send Money conversion rate for SOS to CAD?
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Somali shilling (SOS) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
Somali shilling to Loonie comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest SOS-CAD mid-rate and the possible savings of using various providers.
How do SOS-CAD rates compare between providers?
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.