The lowdown on the Solomon Islands dollar
Economical Influences on the Solomon Islands dollar Exchange Rate
If you are considering converting AUD to SBD, it’s good to get a snapshot of how the economy may influence the Solomon Islands dollar.
The Solomon Islands have in the past suffered economic crisis, with the Regional Assistance Mission to the Solomon Islands (RAMSI) assisting in the growth and recovery of the Solomon Islands economy until June 2017.1
Majority of the population of the Solomon Islands make their livelihood from the agriculture, fishing, and forestry industries.1
The islands are also rich in mineral commodities such as lead, zinc, nickel, and gold; however their infrastructure to access these remains largely underdeveloped.1
The Solomon Islands dollar was initially pegged to the AUD when it was introduced in 1977; however since being floated the dollar has seen large fluctuations caused by inflation.2
Solomon Islands dollar Historical Exchange Rate
The Solomon Islands dollar has been performing within similar margins since around the beginning of 2015; with the exception of minor fluctuations.3
During the past decade, the AUD to SBD has fluctuated between 1 AUD to 8.64570 SBD at the end of May 2011 and 1 AUD to 5.00107 ON 27 February 2009.
Back in mid-June 2014 the AUD was buying around 6.89 SBD, but fast-forward only a few months later the Solomon dollar had gained on the AUD with 1 AUD worth around 6 SBD in 2 February 2015.3
By 23 December 2016 the SBD had strengthened and was sitting at 5.62540 per AUD.3
2018 has seen much of the same trajectory, with 1 AUD worth 5.52684 on 8 October and as of 31 October 2018 the AUD was equal to 5.68948 SBD.3
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AUD to SBD Currency Converter
Exchange rates last updated Friday, 08 December 2023 7:53:05 AM AEDT. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online buy rate will be used for conversions from a foreign currency to the local currency. The Travelex online sell rate will be used for conversions from the local currency to a foreign currency.
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How to see Travelex historical rates
If you would like to see Travelex historical rates, please select one of the currencies
1. Central Intelligence Agency - https://www.cia.gov/library/publications/the-world-factbook/geos/bp.html
2. OANDA - https://www.oanda.com/currency/iso-currency-codes/SBD
3. XE - https://www.xe.com/currencycharts/?from=AUD&to=SBD&view=5Y
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