Official exchange rate in Somalia
Somalia: Official exchange rate was 23,098 LCU per US$, period average in 2017. ◆ Volatile
Official exchange rate in Somalia, 1960–2017
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
Somalia recorded 23,098 LCU per US$, period average for official exchange rate in 2017.
Compared with earlier readings it is up 0.2% on the previous year and down 26.8% over ten years.
Over the whole period, official exchange rate in Somalia peaked at 31,559 LCU per US$, period average in 2009 and was at its lowest, 6.28 LCU per US$, period average, in 1973.
That places Somalia 4th out of 214 countries with data for 2017, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.14 LCU per US$, period average | 7.14 LCU per US$, period average | 7.14 LCU per US$, period average | 10 |
| 1970s | 6.53 LCU per US$, period average | 6.28 LCU per US$, period average | 7.14 LCU per US$, period average | 10 |
| 1980s | 93.69 LCU per US$, period average | 6.29 LCU per US$, period average | 490.68 LCU per US$, period average | 10 |
| 2000s | 31,559 LCU per US$, period average | 31,559 LCU per US$, period average | 31,559 LCU per US$, period average | 1 |
| 2010s | 23,960 LCU per US$, period average | 19,284 LCU per US$, period average | 31,270 LCU per US$, period average | 8 |
Countries ranked near Somalia
- 1 Lebanon 89,500 LCU per US$, period average compare
- 2 Iran 42,000 LCU per US$, period average compare
- 3 Vietnam 24,165 LCU per US$, period average compare
- 5 Laos 20,167 LCU per US$, period average compare
- 6 Indonesia 16,478 LCU per US$, period average compare
- 7 Uzbekistan 12,579 LCU per US$, period average compare
More financial sector data for Somalia
- Net migration 12,077 (2025)
- Net domestic credit 16.43 trillion current LCU (2024)
- Domestic credit to private sector by banks 5.4% (2024)
- Broad money 26.1% (1989)
- Net foreign assets 33.98 trillion current LCU (2024)
- Monetary Sector credit to private sector 5.4% (2024)
- Domestic credit to private sector 5.4% (2024)
- Claims on central government, etc. -0.9% (2024)
- Claims on central government -10.1% (1989)
- Claims on private sector 100.1% (1989)
Frequently asked questions
- What is official exchange rate in Somalia?
- Official exchange rate in Somalia was 23,098 LCU per US$, period average in 2017, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Somalia?
- The highest recorded value was 31,559 LCU per US$, period average in 2009.
- What is the lowest official exchange rate recorded in Somalia?
- The lowest recorded value was 6.28 LCU per US$, period average in 1973.
- How does Somalia rank for official exchange rate?
- Somalia ranks 4th out of 214 countries with data for 2017.
- Is official exchange rate rising or falling in Somalia?
- Over the last ten years it is down 26.8%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 39 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.