USD/SOS
Market Open
14 Jun, 21:00
S
606. 02
+38.021338
+6.6939%
S
1 Volume
S 568
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USDSOS Overview
USDSOS denotes the exchange rate of the United States dollar (USD) expressed in Somali shillings (SOS), indicating how many shillings are required to purchase one US dollar. The pair tracks movements in value between the world’s primary reserve currency and Somalia’s local currency.
The United States dollar is the official fiat currency of the United States and several U.S. territories. Widely used in global trade and finance, the USD is issued and regulated by the Federal Reserve System, which implements monetary policy to influence inflation, employment and interest rates.
The Somali shilling is Somalia’s legal tender and a fiat currency issued by the Central Bank of Somalia. It is primarily used for domestic transactions within Somalia, although U.S. dollars and informal money transfers also play a significant role in the local economy and cross-border remittances.
The USDSOS rate is set by supply and demand in foreign exchange markets and responds to factors such as interest rate differentials, inflation expectations, central bank interventions, trade balances and geopolitical developments. Political stability and remittance flows can be especially influential for the Somali shilling.
Market participants, including traders, importers, exporters and remitters, monitor USDSOS to manage currency risk, price goods and services, and pursue speculative or hedging strategies against volatility.
The United States dollar is the official fiat currency of the United States and several U.S. territories. Widely used in global trade and finance, the USD is issued and regulated by the Federal Reserve System, which implements monetary policy to influence inflation, employment and interest rates.
The Somali shilling is Somalia’s legal tender and a fiat currency issued by the Central Bank of Somalia. It is primarily used for domestic transactions within Somalia, although U.S. dollars and informal money transfers also play a significant role in the local economy and cross-border remittances.
The USDSOS rate is set by supply and demand in foreign exchange markets and responds to factors such as interest rate differentials, inflation expectations, central bank interventions, trade balances and geopolitical developments. Political stability and remittance flows can be especially influential for the Somali shilling.
Market participants, including traders, importers, exporters and remitters, monitor USDSOS to manage currency risk, price goods and services, and pursue speculative or hedging strategies against volatility.
USDSOS Chart
USDSOS FAQ
What is the current USD/SOS price?
The current rate is S606.021338, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the USD/SOS rate changed today?
The rate has changed by +38.021338 (+6.6939%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was S568.000000, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is USD/SOS moving up or down?
Movements in USD/SOS are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+6.6939%) is based on the difference between the current rate and the previous closing rate.
Is USD/SOS trending up or down right now?
If the current rate (S606.021338) is above the previous close (S568.000000), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for USD/SOS directly on this page.
