Somali Shilling (SOS) exchange-rate chart to US Dollar (USD)

The SOS/USD exchange rate represents the value of the Somali Shilling relative to the US Dollar, quoted as the number of Shillings required to purchase one Dollar. This pair is primarily used by remittance senders, humanitarian organizations, and businesses engaged in trade with Somalia. An appreciation of the Somali Shilling means fewer Shillings are needed to buy one Dollar, indicating relative strength of the Shilling.

Structural drivers of the SOS/USD rate include the monetary policies of the Central Bank of Somalia and the US Federal Reserve. The Somali Shilling is not freely convertible and is heavily influenced by the large inflow of US Dollars from remittances and foreign aid. Inflation in Somalia, often driven by food and fuel imports, can weaken the Shilling. The US Dollar, as the world's primary reserve currency, is affected by Fed interest rate decisions, US inflation, and global risk sentiment. Commodity prices, particularly for oil and food, impact Somalia's import costs and thus the exchange rate.

Over the past several years, the SOS/USD rate has experienced periods of relative stability punctuated by episodes of depreciation due to political instability and economic shocks. Without specific historical data, it is important to note that the Shilling has generally trended weaker against the Dollar, reflecting structural challenges in Somalia's economy. The rate is also influenced by the volume of dollar inflows and the effectiveness of monetary policy. For the most accurate and current information, refer to live market data.