Official exchange rate, LCU per USD, period average in Somalia
Somalia: Official exchange rate, LCU per USD, period average was 23,498 in 2018. ◆ Volatile
Official exchange rate, LCU per USD, period average in Somalia, 1987–2018
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
The most recent figure for official exchange rate, lcu per usd, period average in Somalia is 23,498, measured in 2018.
Compared with earlier readings it is up 1.7% on the previous year and down 23.9% over ten years.
Over the whole period, official exchange rate, lcu per usd, period average in Somalia peaked at 31,559 in 2009 and was at its lowest, 105.18, in 1987.
Somalia ranks 7th of 195 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Official exchange rate, LCU per USD, period average in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 1987 | 105.18 | — |
| 1988 | 170.45 | +62.1% |
| 1989 | 490.68 | +187.9% |
| 1990 | 1,526 | +211.0% |
| 1991 | 3,106 | +103.6% |
| 1992 | 4,740 | +52.6% |
| 1993 | 6,374 | +34.5% |
| 1994 | 8,007 | +25.6% |
| 1995 | 9,641 | +20.4% |
| 1996 | 11,275 | +16.9% |
| 1997 | 12,909 | +14.5% |
| 1998 | 14,542 | +12.7% |
| 1999 | 16,176 | +11.2% |
| 2000 | 17,810 | +10.1% |
| 2001 | 19,444 | +9.2% |
| 2002 | 21,078 | +8.4% |
| 2003 | 22,711 | +7.8% |
| 2004 | 24,345 | +7.2% |
| 2005 | 25,979 | +6.7% |
| 2006 | 27,612 | +6.3% |
| 2007 | 29,246 | +5.9% |
| 2008 | 30,880 | +5.6% |
| 2009 | 31,559 | +2.2% |
| 2010 | 31,270 | -0.9% |
| 2011 | 29,967 | -4.2% |
| 2012 | 22,516 | -24.9% |
| 2013 | 19,284 | -14.4% |
| 2014 | 20,231 | +4.9% |
| 2015 | 22,254 | +10.0% |
| 2016 | 23,062 | +3.6% |
| 2017 | 23,098 | +0.2% |
| 2018 | 23,498 | +1.7% |
Somalia compared with similar countries
- Somalia's 23,498 is above the median for low income countries, which is 563.92, 41.7× the median. (23 countries reporting)
- Somalia's 23,498 is above the median for Sub-Saharan Africa, which is 563.92, 41.7× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Official exchange rate, LCU per USD, period average in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +211.0% | 490.68 | 1,526 |
| 1989 | +187.9% | 170.45 | 490.68 |
| 1991 | +103.6% | 1,526 | 3,106 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 255.44 | 105.18 | 490.68 | 3 |
| 1990s | 8,830 | 1,526 | 16,176 | 10 |
| 2000s | 25,066 | 17,810 | 31,559 | 10 |
| 2010s | 23,909 | 19,284 | 31,270 | 9 |
Countries ranked near Somalia
More reference data data for Somalia
- Emission Totals - Emissions (CH4) - Burning - Crop residues 0.4444 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.3652 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 41.78 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 234.3 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 43.31 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure Management 96.78 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Enteric Fermentation 28,272 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Crop Residues 71.14 (2050)
- Emission Totals - Emissions (CH4) - Enteric Fermentation 1,010 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.2685 (2050)
Frequently asked questions
- What is official exchange rate, lcu per usd, period average in Somalia?
- Official exchange rate, lcu per usd, period average in Somalia was 23,498 in 2018, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest official exchange rate, lcu per usd, period average recorded in Somalia?
- The highest recorded value was 31,559 in 2009.
- What is the lowest official exchange rate, lcu per usd, period average recorded in Somalia?
- The lowest recorded value was 105.18 in 1987.
- How does Somalia rank for official exchange rate, lcu per usd, period average?
- Somalia ranks 7th out of 195 countries with data for 2018.
- Is official exchange rate, lcu per usd, period average rising or falling in Somalia?
- Over the last ten years it is down 23.9%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Official exchange rate, LCU per USD, period average. Statizoid updates them automatically from the source API.
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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. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).