Lao People's Democratic Republic vs Somalia: Official exchange rate
Official exchange rate over time
- Lao People's Democratic Republic
- Somalia
How they compare
Somalia currently reports 23,098 LCU per US$, period average against 20,167 LCU per US$, period average in Lao People's Democratic Republic, a difference of 2,931 LCU per US$, period average.
That makes Somalia's figure about 1.1 times Lao People's Democratic Republic's.
The two have swapped places 1 time across 39 shared years of data; in 1960 it was Lao People's Democratic Republic ahead.
Lao People's Democratic Republic ranks 5th and Somalia ranks 4th of 213 countries.
Across the 5 decades both report, Lao People's Democratic Republic averaged higher in 3 and Somalia in 2.
Head to head by decade
| Decade | Lao People's Democratic Republic | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 176 LCU per US$, period average | 7.14 LCU per US$, period average | 168.86 LCU per US$, period average | Lao People's Democratic Republic |
| 1970s | 424.5 LCU per US$, period average | 6.53 LCU per US$, period average | 417.97 LCU per US$, period average | Lao People's Democratic Republic |
| 1980s | 146.6 LCU per US$, period average | 93.69 LCU per US$, period average | 52.91 LCU per US$, period average | Lao People's Democratic Republic |
| 2000s | 8,511 LCU per US$, period average | 31,559 LCU per US$, period average | 23,048 LCU per US$, period average | Somalia |
| 2010s | 8,083 LCU per US$, period average | 23,960 LCU per US$, period average | 15,877 LCU per US$, period average | Somalia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher official exchange rate, Lao People's Democratic Republic or Somalia?
- Somalia, at 23,098 LCU per US$, period average against 20,167 LCU per US$, period average in Lao People's Democratic Republic as of 2017.
- What is the difference in official exchange rate between Lao People's Democratic Republic and Somalia?
- 2,931 LCU per US$, period average, with Somalia ahead.
- How many years of comparable data are there for Lao People's Democratic Republic and Somalia?
- 39 years are reported by both, from 1960 to 2017.
- How do Lao People's Democratic Republic and Somalia rank globally for official exchange rate?
- Lao People's Democratic Republic ranks 5th and Somalia ranks 4th of 213 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Official exchange rate (LCU per US$, 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.