Currency exchange rate Ethiopian Birr against the Somali Shilling. Chart, history price and prediction on tomorrow, next month, 2024 year
On this page, you can always find detailed information about the Ethiopian Birr currency exchange rate against the Somali Shilling currency:
currency exchange rate history, background information, prediction and more about ETB/SOS
Chart of History of changes in the ETB/SOS exchange rate
ETB/SOS exchange rate on today
06 01, 2024
1 ETB = 624,520 SOS
▼ -0.05 %
This page provides information about the currency pair Ethiopian Birr/Somali Shilling, and more precisely about how much 1 Ethiopian Birr costs in Somali Shilling.
Data on the currency pair ETB/SOS are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair ETB/SOS and make a balanced decision about buying and selling the currency you are interested in.
The page also provides information about the dynamics of the exchange rate of Ethiopian Birr/Somali Shilling, statistics and prediction of the exchange rate of these currencies in the near future from our experts.
How to make a forecast for currencies and cryptocurrencies?
There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:
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Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.
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Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.
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Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.
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Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.
In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.
Change in the ETB/SOS exchange rate over the past 30 days
For the last 30 days (05 03, 2024 — 06 01, 2024) the Ethiopian Birr exchange rate against the Somali Shilling currency changed by -8.01% (678,900 SOS — 624,520 SOS)
Change in the ETB/SOS exchange rate over the past 90 days
For the last 90 days (03 04, 2024 — 06 01, 2024) the Ethiopian Birr exchange rate against the Somali Shilling currency changed by 27.98% (487,981 SOS — 624,520 SOS)
Change in the ETB/SOS exchange rate over the past 365 days
For the last 365 days (06 03, 2023 — 06 01, 2024) the Ethiopian Birr exchange rate against the Somali Shilling currency changed by 126.88% (275,268 SOS — 624,520 SOS)
Change in the ETB/SOS exchange rate for all time
For all the time our site has been running (04 10, 2020 — 06 01, 2024) the Ethiopian Birr exchange rate against the Somali Shilling currency changed by 3563186.08% (17.53 SOS — 624,520 SOS)
Ethiopian Birr/Somali Shilling price prediction
Ethiopian Birr/Somali Shilling price prediction for the next 30 days*
02/06 | 633,705 SOS | ▲ 1.47 % |
03/06 | 604,969 SOS | ▼ -4.53 % |
04/06 | 601,767 SOS | ▼ -0.53 % |
05/06 | 585,414 SOS | ▼ -2.72 % |
06/06 | 589,683 SOS | ▲ 0.73 % |
07/06 | 621,632 SOS | ▲ 5.42 % |
08/06 | 628,476 SOS | ▲ 1.1 % |
09/06 | 608,819 SOS | ▼ -3.13 % |
10/06 | 613,114 SOS | ▲ 0.71 % |
11/06 | 621,869 SOS | ▲ 1.43 % |
12/06 | 647,189 SOS | ▲ 4.07 % |
13/06 | 700,548 SOS | ▲ 8.24 % |
14/06 | 694,403 SOS | ▼ -0.88 % |
15/06 | 674,710 SOS | ▼ -2.84 % |
16/06 | 667,588 SOS | ▼ -1.06 % |
17/06 | 678,090 SOS | ▲ 1.57 % |
18/06 | 713,758 SOS | ▲ 5.26 % |
19/06 | 713,850 SOS | ▲ 0.01 % |
20/06 | 692,721 SOS | ▼ -2.96 % |
21/06 | 706,623 SOS | ▲ 2.01 % |
22/06 | 702,101 SOS | ▼ -0.64 % |
23/06 | 699,160 SOS | ▼ -0.42 % |
24/06 | 668,513 SOS | ▼ -4.38 % |
25/06 | 611,569 SOS | ▼ -8.52 % |
26/06 | 550,468 SOS | ▼ -9.99 % |
27/06 | 582,490 SOS | ▲ 5.82 % |
28/06 | 593,908 SOS | ▲ 1.96 % |
29/06 | 611,907 SOS | ▲ 3.03 % |
30/06 | 616,405 SOS | ▲ 0.74 % |
01/07 | 767,965 SOS | ▲ 24.59 % |
* — Price prediction of the Ethiopian Birr/Somali Shilling currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.
Ethiopian Birr/Somali Shilling price prediction for the next 3 months*
03/06 — 09/06 | 558,707 SOS | ▼ -10.54 % |
10/06 — 16/06 | 599,023 SOS | ▲ 7.22 % |
17/06 — 23/06 | 663,076 SOS | ▲ 10.69 % |
24/06 — 30/06 | 659,720 SOS | ▼ -0.51 % |
01/07 — 07/07 | 948,471 SOS | ▲ 43.77 % |
08/07 — 14/07 | 842,413 SOS | ▼ -11.18 % |
15/07 — 21/07 | 1,010,978 SOS | ▲ 20.01 % |
22/07 — 28/07 | 973,683 SOS | ▼ -3.69 % |
29/07 — 04/08 | 1,061,342 SOS | ▲ 9 % |
05/08 — 11/08 | 1,168,141 SOS | ▲ 10.06 % |
12/08 — 18/08 | 931,002 SOS | ▼ -20.3 % |
19/08 — 25/08 | 1,233,846 SOS | ▲ 32.53 % |
Ethiopian Birr/Somali Shilling price prediction for the next year*
07/2024 | 557,018 SOS | ▼ -10.81 % |
07/2024 | 685,209 SOS | ▲ 23.01 % |
08/2024 | 938,247 SOS | ▲ 36.93 % |
09/2024 | 1,030,172 SOS | ▲ 9.8 % |
10/2024 | 2,509,174 SOS | ▲ 143.57 % |
11/2024 | 1,655,775 SOS | ▼ -34.01 % |
12/2024 | 1,232,332 SOS | ▼ -25.57 % |
01/2025 | 1,548,809 SOS | ▲ 25.68 % |
02/2025 | 1,313,896 SOS | ▼ -15.17 % |
03/2025 | 991,870 SOS | ▼ -24.51 % |
04/2025 | 1,462,744 SOS | ▲ 47.47 % |
05/2025 | 1,847,596 SOS | ▲ 26.31 % |
Ethiopian Birr/Somali Shilling exchange rate statistics
For 30 days | |
---|---|
Minimum | 581,936 SOS |
Maximum | 10.03 SOS |
Weighted Average | 506,287 SOS |
For 90 days | |
Minimum | 304,290 SOS |
Maximum | 10.15 SOS |
Weighted Average | 397,153 SOS |
For 365 days | |
Minimum | 272,413 SOS |
Maximum | 10.49 SOS |
Weighted Average | 416,113 SOS |
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