Currency exchange rate Nakfa 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 Nakfa currency exchange rate against the Somali Shilling currency:
currency exchange rate history, background information, prediction and more about ERN/SOS
Chart of History of changes in the ERN/SOS exchange rate
ERN/SOS exchange rate on today
05 19, 2024
1 ERN = 190,123,259 SOS
▲ 1.37 %
This page provides information about the currency pair Nakfa/Somali Shilling, and more precisely about how much 1 Nakfa costs in Somali Shilling.
Data on the currency pair ERN/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 ERN/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 Nakfa/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 ERN/SOS exchange rate over the past 30 days
For the last 30 days (04 20, 2024 — 05 19, 2024) the Nakfa exchange rate against the Somali Shilling currency changed by 40.61% (135,211,182 SOS — 190,123,259 SOS)
Change in the ERN/SOS exchange rate over the past 90 days
For the last 90 days (02 20, 2024 — 05 19, 2024) the Nakfa exchange rate against the Somali Shilling currency changed by 148.75% (76,431,080 SOS — 190,123,259 SOS)
Change in the ERN/SOS exchange rate over the past 365 days
For the last 365 days (05 21, 2023 — 05 19, 2024) the Nakfa exchange rate against the Somali Shilling currency changed by 624.32% (26,248,594 SOS — 190,123,259 SOS)
Change in the ERN/SOS exchange rate for all time
For all the time our site has been running (04 10, 2020 — 05 19, 2024) the Nakfa exchange rate against the Somali Shilling currency changed by 490850255.34% (38.73 SOS — 190,123,259 SOS)
Nakfa/Somali Shilling price prediction
Nakfa/Somali Shilling price prediction for the next 30 days*
20/05 | 195,945,268 SOS | ▲ 3.06 % |
21/05 | 215,861,776 SOS | ▲ 10.16 % |
22/05 | 222,892,161 SOS | ▲ 3.26 % |
23/05 | 215,418,522 SOS | ▼ -3.35 % |
24/05 | 219,923,615 SOS | ▲ 2.09 % |
25/05 | 226,993,897 SOS | ▲ 3.21 % |
26/05 | 232,902,160 SOS | ▲ 2.6 % |
27/05 | 228,753,775 SOS | ▼ -1.78 % |
28/05 | 221,526,012 SOS | ▼ -3.16 % |
29/05 | 217,618,487 SOS | ▼ -1.76 % |
30/05 | 212,044,705 SOS | ▼ -2.56 % |
31/05 | 204,665,309 SOS | ▼ -3.48 % |
01/06 | 207,657,868 SOS | ▲ 1.46 % |
02/06 | 216,493,991 SOS | ▲ 4.26 % |
03/06 | 214,225,469 SOS | ▼ -1.05 % |
04/06 | 223,547,846 SOS | ▲ 4.35 % |
05/06 | 229,955,777 SOS | ▲ 2.87 % |
06/06 | 260,200,009 SOS | ▲ 13.15 % |
07/06 | 276,315,939 SOS | ▲ 6.19 % |
08/06 | 257,632,498 SOS | ▼ -6.76 % |
09/06 | 248,114,926 SOS | ▼ -3.69 % |
10/06 | 247,763,470 SOS | ▼ -0.14 % |
11/06 | 245,599,891 SOS | ▼ -0.87 % |
12/06 | 245,848,200 SOS | ▲ 0.1 % |
13/06 | 243,440,850 SOS | ▼ -0.98 % |
14/06 | 239,855,681 SOS | ▼ -1.47 % |
15/06 | 242,435,665 SOS | ▲ 1.08 % |
16/06 | 250,682,378 SOS | ▲ 3.4 % |
17/06 | 260,249,367 SOS | ▲ 3.82 % |
18/06 | 541,937,394 SOS | ▲ 108.24 % |
* — Price prediction of the Nakfa/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.
Nakfa/Somali Shilling price prediction for the next 3 months*
20/05 — 26/05 | 185,351,777 SOS | ▼ -2.51 % |
27/05 — 02/06 | 157,364,875 SOS | ▼ -15.1 % |
03/06 — 09/06 | 260,960,752 SOS | ▲ 65.83 % |
10/06 — 16/06 | 290,071,465 SOS | ▲ 11.16 % |
17/06 — 23/06 | 281,876,615 SOS | ▼ -2.83 % |
24/06 — 30/06 | 303,497,772 SOS | ▲ 7.67 % |
01/07 — 07/07 | 298,855,763 SOS | ▼ -1.53 % |
08/07 — 14/07 | 292,621,696 SOS | ▼ -2.09 % |
15/07 — 21/07 | 290,587,520 SOS | ▼ -0.7 % |
22/07 — 28/07 | 303,086,277 SOS | ▲ 4.3 % |
29/07 — 04/08 | 336,002,713 SOS | ▲ 10.86 % |
05/08 — 11/08 | 788,272,959 SOS | ▲ 134.6 % |
Nakfa/Somali Shilling price prediction for the next year*
06/2024 | 183,002,432 SOS | ▼ -3.75 % |
07/2024 | 239,312,069 SOS | ▲ 30.77 % |
08/2024 | 255,491,697 SOS | ▲ 6.76 % |
09/2024 | 297,259,264 SOS | ▲ 16.35 % |
10/2024 | 550,337,185 SOS | ▲ 85.14 % |
11/2024 | 466,155,345 SOS | ▼ -15.3 % |
12/2024 | 390,152,118 SOS | ▼ -16.3 % |
01/2025 | 450,773,314 SOS | ▲ 15.54 % |
02/2025 | 572,656,706 SOS | ▲ 27.04 % |
03/2025 | 914,405,872 SOS | ▲ 59.68 % |
04/2025 | 898,109,794 SOS | ▼ -1.78 % |
05/2025 | 2,171,347,870 SOS | ▲ 141.77 % |
Nakfa/Somali Shilling exchange rate statistics
For 30 days | |
---|---|
Minimum | 2,014,430 SOS |
Maximum | 187,622,947 SOS |
Weighted Average | 86,347,992 SOS |
For 90 days | |
Minimum | 1,152,200 SOS |
Maximum | 187,622,947 SOS |
Weighted Average | 70,667,736 SOS |
For 365 days | |
Minimum | 953,122 SOS |
Maximum | 187,622,947 SOS |
Weighted Average | 37,720,798 SOS |
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Popular ERN/SOS exchange amounts
- 5000 ERN → 950,616,297,192 SOS
- 100 ERN → 19,012,325,944 SOS
- 10 ERN → 1,901,232,594 SOS
- 5 ERN → 950,616,297 SOS
- 50 ERN → 9,506,162,972 SOS
- 2 ERN → 380,246,519 SOS
- 2000 ERN → 380,246,518,877 SOS
- 200 ERN → 38,024,651,888 SOS
- 500 ERN → 95,061,629,719 SOS
- 1 ERN → 190,123,259 SOS
- 1000 ERN → 190,123,259,438 SOS