Iran vs Somalia: Official exchange rate
Official exchange rate over time
- Iran
- Somalia
How they compare
Iran currently reports 42,000 LCU per US$, period average against 23,098 LCU per US$, period average in Somalia, a difference of 18,902 LCU per US$, period average.
That makes Iran's figure about 1.8 times Somalia's.
The two have swapped places 2 times across 39 shared years of data; in 1960 it was Iran ahead.
Iran ranks 2nd and Somalia ranks 4th of 213 countries.
Across the 5 decades both report, Iran averaged higher in 2 and Somalia in 3.
Head to head by decade
| Decade | Iran | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 75.75 LCU per US$, period average | 7.14 LCU per US$, period average | 68.61 LCU per US$, period average | Iran |
| 1970s | 71.33 LCU per US$, period average | 6.53 LCU per US$, period average | 64.8 LCU per US$, period average | Iran |
| 1980s | 79.11 LCU per US$, period average | 93.69 LCU per US$, period average | 14.58 LCU per US$, period average | Somalia |
| 2000s | 9,864 LCU per US$, period average | 31,559 LCU per US$, period average | 21,695 LCU per US$, period average | Somalia |
| 2010s | 21,319 LCU per US$, period average | 23,960 LCU per US$, period average | 2,641 LCU per US$, period average | Somalia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher official exchange rate, Iran or Somalia?
- Iran, at 42,000 LCU per US$, period average against 23,098 LCU per US$, period average in Somalia as of 2023.
- What is the difference in official exchange rate between Iran and Somalia?
- 18,902 LCU per US$, period average, with Iran ahead.
- How many years of comparable data are there for Iran and Somalia?
- 39 years are reported by both, from 1960 to 2017.
- How do Iran and Somalia rank globally for official exchange rate?
- Iran ranks 2nd and Somalia ranks 4th of 213 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Official exchange rate (LCU per US$, period average). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.