The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
CAD to SOS Market Data
Canadian dollar (CAD) to Somali shilling (SOS) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell CAD →
Buy SOS
1 CAD = 420.51 SOS
▲+0.1% since yesterday
90d-highs
CAD to SOS is at 90-day highs near 420.6, 2.6% above its 3-month average of 409.7, having traded in a relatively stable 6.4% range from 395.2 to 420.6
Is the CAD to SOS Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Canadian dollar against the Somali shilling is to review how the CAD/SOS rate has changed over time.
The table below shows the percentage change in the CAD to SOS exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
CAD/SOS
Change
Period
07 Jul 2023
427.56
0.5% ▲
2 Week
22 Apr 2023
415.62
3.4% ▲
3 Month
21 Jul 2022
441.20
2.6% ▼
1 Year
22 Jul 2018
437.94
1.9% ▼
5 Year
23 Jul 2013
1344.73
68% ▼
10 Year
26 Jul 2003
1884.93
77.2% ▼
20 Year
CAD/SOS historic rates & change to 21-Jul-2023
CAD to SOS Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Somali shilling across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
best Send Money conversion rate for CAD to SOS?
The best CAD to SOS exchange rate is 418.04 from Wise. This is -0.59% compared to the mid-market rate 420.51.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to Somali shilling (SOS) rates from different sources before making a conversion.
The above
Loonie to Somali shilling comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest CAD-SOS mid-rate and the possible savings of using various providers.
How do CAD-SOS rates compare between providers?
Looking at the
full comparison table
the best CAD to SOS exchange rate is 418.04 from Wise, -0.59% from the mid-market rate 420.51. The next best rate is 414.21 from WorldRemit, -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
Recent analyst forecasts indicate that the Canadian dollar (CAD) is currently supported by rising oil prices, which bolster its appeal as a commodity-linked currency.