Official exchange rate (LCU per US$, period average) (International) in Somalia
Somalia: Official exchange rate (LCU per US$, period average) (International) 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$, period average, in 1973.
That places Somalia 4th out of 215 countries with data for 2017, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Official exchange rate (LCU per US$, period average) (International) in Somalia, year by year
| Year | LCU per US$, period average | Change |
|---|---|---|
| 1960 | 7.14 LCU per US$, period average | — |
| 1961 | 7.14 LCU per US$, period average | +0.0% |
| 1962 | 7.14 LCU per US$, period average | +0.0% |
| 1963 | 7.14 LCU per US$, period average | +0.0% |
| 1964 | 7.14 LCU per US$, period average | +0.0% |
| 1965 | 7.14 LCU per US$, period average | +0.0% |
| 1966 | 7.14 LCU per US$, period average | +0.0% |
| 1967 | 7.14 LCU per US$, period average | +0.0% |
| 1968 | 7.14 LCU per US$, period average | +0.0% |
| 1969 | 7.14 LCU per US$, period average | +0.0% |
| 1970 | 7.14 LCU per US$, period average | +0.0% |
| 1971 | 7.13 LCU per US$, period average | -0.2% |
| 1972 | 6.98 LCU per US$, period average | -2.1% |
| 1973 | 6.28 LCU per US$, period average | -10.0% |
| 1974 | 6.29 LCU per US$, period average | +0.2% |
| 1975 | 6.29 LCU per US$, period average | +0.0% |
| 1976 | 6.29 LCU per US$, period average | +0.0% |
| 1977 | 6.29 LCU per US$, period average | +0.0% |
| 1978 | 6.29 LCU per US$, period average | +0.0% |
| 1979 | 6.29 LCU per US$, period average | +0.0% |
| 1980 | 6.29 LCU per US$, period average | +0.0% |
| 1981 | 6.29 LCU per US$, period average | +0.0% |
| 1982 | 10.75 LCU per US$, period average | +70.8% |
| 1983 | 15.79 LCU per US$, period average | +46.9% |
| 1984 | 20.02 LCU per US$, period average | +26.8% |
| 1985 | 39.49 LCU per US$, period average | +97.3% |
| 1986 | 72 LCU per US$, period average | +82.3% |
| 1987 | 105.18 LCU per US$, period average | +46.1% |
| 1988 | 170.45 LCU per US$, period average | +62.1% |
| 1989 | 490.68 LCU per US$, period average | +187.9% |
| 2009 | 31,559 LCU per US$, period average | +6331.7% |
| 2010 | 31,270 LCU per US$, period average | -0.9% |
| 2011 | 29,967 LCU per US$, period average | -4.2% |
| 2012 | 22,516 LCU per US$, period average | -24.9% |
| 2013 | 19,284 LCU per US$, period average | -14.4% |
| 2014 | 20,231 LCU per US$, period average | +4.9% |
| 2015 | 22,254 LCU per US$, period average | +10.0% |
| 2016 | 23,062 LCU per US$, period average | +3.6% |
| 2017 | 23,098 LCU per US$, period average | +0.2% |
Somalia compared with similar countries
- Somalia's 23,098 LCU per US$, period average is above the median for low income countries, which is 581.93 LCU per US$, period average, 39.7× the median. (24 countries reporting)
- Somalia's 23,098 LCU per US$, period average is above the median for Sub-Saharan Africa, which is 581.93 LCU per US$, period average, 39.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Official exchange rate (LCU per US$, period average) (International) in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +6331.7% | 490.68 LCU per US$, period average | 31,559 LCU per US$, period average |
| 1989 | +187.9% | 170.45 LCU per US$, period average | 490.68 LCU per US$, period average |
| 1985 | +97.3% | 20.02 LCU per US$, period average | 39.49 LCU per US$, period average |
| 1986 | +82.3% | 39.49 LCU per US$, period average | 72 LCU per US$, period average |
| 1982 | +70.8% | 6.29 LCU per US$, period average | 10.75 LCU per US$, period average |
| 1988 | +62.1% | 105.18 LCU per US$, period average | 170.45 LCU per US$, period average |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.14 LCU per US$, 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$, period average compare
- 5 Laos 20,444 LCU per US$, 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
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1977)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -100 % change on previous year (1977)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate -100 % change on previous year (1977)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -100 % change on previous year (1977)
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$, period average in 1973.
- How does Somalia rank for official exchange rate?
- Somalia ranks 4th out of 215 countries with data for 2017.
- Is official exchange rate rising or falling in Somalia?
- Over the last ten years it is down 26.8%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
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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. 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.