Exchange Rate in Somalia
The exchange rate in Somalia ended 2024 at SOS 571 per USD, compared to the SOS 571 year-end value in 2023 and the figure SOS 730 a decade earlier. For more exchange rate information, visit our dedicated page.
Somalia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Somalia from 2014 to 2024.
Source: Macrobond.
Somalia Exchange Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Exchange Rate (SOS per USD, eop) | 578 | 584 | 570 | 571 | 571 |
| Exchange Rate (LCU per USD, aop) | 580 | 582 | 576 | 569 | 571 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Somali exchange rate projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Somali exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Somali exchange rate projections.
Want to get access to the full dataset of Somali exchange rate forecasts? Send an email to info@focus-economics.com.