Somalia, Fed. Rep. Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Somalia, Fed. Rep.'s exchange rate was 23,097.99 in 2017, ranked 206th globally. This represents a 0.2% increase from 2016. Data from World Bank, covering 1960–2017.
Overview
Somalia, Fed. Rep.'s exchange rate stood at 23,097.99 in 2017, a rise of +36.20 from 2016. Somalia, Fed. Rep. ranked 206th globally.
Somalia's exchange rate has exhibited significant fluctuations over the past 39 years, with the local currency, the Somali shilling, experiencing a steep decline in value. At its all-time low in 1973, the exchange rate stood at 6.28, making it one of the weakest currencies globally. However, Somalia's economic fortunes improved in the following decades, with the exchange rate reaching an all-time high of 31,558.91 in 2009. The latest available data from the World Bank shows that Somalia's exchange rate has continued to weaken, with a value of 23,097.99 in 2017, ranking it 206 globally. This trend is comparable to that of Viet Nam, which had a similar exchange rate of 22,370.09 in 2017. The persistent economic instability and lack of a stable government in Somalia have likely contributed to the country's struggling exchange rate. A more stable government and economic reforms may help to stabilize the exchange rate in the future.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2017 | 23,097.99 | +36.20 | #206 |
| 2016 | 23,061.78 | +807.55 | #206 |
| 2015 | 22,254.24 | +2,023.31 | #206 |
| 2014 | 20,230.93 | +947.13 | #205 |
| 2013 | 19,283.80 | −3,232.20 | #206 |
| 2012 | 22,516.00 | −7,450.84 | #206 |
| 2011 | 29,966.84 | −1,302.83 | #206 |
| 2010 | 31,269.66 | −289.24 | #203 |
| 2009 | 31,558.91 | +31,068.23 | #203 |
| 1989 | 490.68 | +320.22 | #165 |
| 1988 | 170.45 | +65.28 | #146 |
| 1987 | 105.18 | +33.18 | #139 |
| 1986 | 72.00 | +32.51 | #137 |
| 1985 | 39.49 | +19.47 | #130 |
| 1984 | 20.02 | +4.23 | #125 |
Analysis
Somalia, Fed. Rep.'s exchange rate was 23,097.99 in 2017, a rise of +36.20 from 2016.
Frequently Asked Questions
Somalia, Fed. Rep.'s exchange rate was 23,097.99 in 2017. Ranked 206th globally. This represents a 0.2% increase from the previous year.
Somalia, Fed. Rep.'s exchange rate peaked at 31,558.91 in 2009.
The lowest exchange rate in Somalia, Fed. Rep. was 6.28 in 1973.
Somalia, Fed. Rep. ranks 206th globally in exchange rate as of 2017.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
The exchange rate of Somalia, Fed. Rep. in 2017 was 23,097.99. This ranks 206th in the world.
Cite this page
@misc{historysaid_somalia-fed-rep_exchange-rate,
title = {Somalia, Fed. Rep. Exchange Rate},
url = {https://historysaid.com/somalia-fed-rep/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}