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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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Exchange rates last updated Wednesday, 29 May 2024 12:08:18 AM AEST. 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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*The information contained in this article has been compiled by Travelex from different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Terms and Conditions before deciding whether to acquire any product.