Somali Shilling

The Somali Shilling decreased to 968.50 in April from 981.50 in March of 2014. Somali Shilling averaged 1645.55 from 2004 until 2014, reaching an all time high of 3118 in April of 2005 and a record low of 968.50 in April of 2014. The USDSOS spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDSOS spot exchange rate is quoted and exchanged in the same day, the USDSOS forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Somali Shilling - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
968.50 981.50 3118.00 968.50 928.61 | 2014/05 2004 - 2014 Daily

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Somali Shilling
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Markets Last Previous Highest Lowest Forecast Unit
Currency 968.50 2014-04-14 981.50 3118.00 968.50 928.61 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Somalia Sales Tax Rate at 10.00 Percent  
The Sales Tax Rate in Somalia stands at 10 percent. Sales Tax Rate in Somalia is reported by the Ministry of Finance and Planning.
Somalia Balance of Trade at -740.00 USD Million  
Somalia recorded a trade deficit of 740 USD Million in 2010.
Somalia Inflation Rate at -2.41 Percent  
The inflation rate in Somalia was recorded at -2.41 percent in 2012.
Somalia Population at 10.20 Million  
The total population in Somalia was last recorded at 10.2 million people in 2012 from 2.8 million in 1960, changing 270 percent during the last 50 years. Population in Somalia is reported by the World Bank.
Somalia GDP Annual Growth Rate at 2.60 Percent  
The Gross Domestic Product (GDP) in Somalia expanded 2.60 percent in 2012 from the previous year.
Somalia | Credit Rating at 15.00  
This page displays the sovereign debt credit rating as reported by the major credit rating agencies for Somalia.
Somalia GDP at 1.07 USD Billion  
The Gross Domestic Product (GDP) in Somalia was worth 1.07 billion US dollars in 2010. The GDP value of Somalia represents less than 0.01 percent of the world economy. GDP in Somalia is reported by the AFDB.
Somalia Exports at 520.00 USD Million  
Exports in Somalia increased to 520 million USD in 2010 from 345.60 million USD in 2009. Exports in Somalia is reported by the AFDB.
Somalia Imports at 1260.00 USD Million  
Imports in Somalia increased to 1260 in December of 2010 from 1021 in December of 2009.
Somalia GDP per capita at 187.00 USD  
The Gross Domestic Product per capita in Somalia was last recorded at 187 US dollars in 2010. The GDP per Capita in Somalia is equivalent to 2 percent of the worlds average.
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