Somali Shilling

The Somali Shilling decreased to 962.50 in April from 981.50 in March of 2014. Somali Shilling averaged 1643.67 from 2004 until 2014, reaching an all time high of 3118 in April of 2005 and a record low of 962.50 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. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
962.50 981.50 3118.00 962.50 988.81 | 2014/05 2004 - 2014 Daily

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Somali Shilling
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Markets Last Previous Highest Lowest Forecast Unit
Currency 962.50 2014-04-23 981.50 3118.00 962.50 988.81 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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LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
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