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Get Somali Shilling (SOS) prices using this API

Get Somali Shilling (SOS) prices using this API

Get Somali Shilling (SOS) prices using this API

Introduction

In the ever-evolving landscape of finance and currency exchange, the Somali Shilling (SOS) stands out as a unique currency that reflects the economic dynamics of Somalia. With the rise of digital transformation in financial markets, accessing real-time data on currencies like the Somali Shilling has become crucial for developers and businesses alike. This is where the Metals-API comes into play, providing a robust platform for retrieving exchange rates and other valuable financial data.

About Somali Shilling (SOS)

The Somali Shilling (SOS) is the official currency of Somalia, and its value is influenced by various factors, including economic stability, inflation rates, and international trade dynamics. As Somalia continues to embrace digital transformation, the integration of smart technologies and data analytics into the financial sector is paving the way for innovative solutions that enhance market efficiency.

Technological advancements have enabled the development of applications that utilize real-time data to provide insights into currency fluctuations, helping businesses make informed decisions. The Somali Shilling, while often overshadowed by more prominent currencies, plays a vital role in the local economy and is increasingly being monitored by developers seeking to create applications that cater to the needs of Somali businesses and expatriates.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals and currencies, including the Somali Shilling. This API empowers developers to build next-generation applications that require accurate and timely financial data. With its extensive capabilities, the Metals-API is transforming how businesses interact with financial markets.

One of the key features of the Metals-API is its ability to deliver real-time exchange rate data, which is essential for applications that require up-to-the-minute information. The API supports a variety of endpoints that cater to different needs, from retrieving the latest rates to accessing historical data and performing currency conversions.

Key Features and Endpoints

The Metals-API offers a range of endpoints that provide valuable functionalities for developers. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint allows developers to access real-time exchange rate data for various currencies, including the Somali Shilling. Depending on the subscription plan, this endpoint can return data updated every 60 minutes or even every 10 minutes. This feature is particularly useful for applications that require immediate access to current market rates.

{
    "success": true,
    "timestamp": 1760403640,
    "base": "USD",
    "date": "2025-10-14",
    "rates": {
        "SOS": 580.00,
        "XAU": 0.000482,
        "XAG": 0.03815
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For applications that require historical data, the Historical Rates Endpoint provides access to exchange rates dating back to 2019. Developers can query this endpoint by appending a specific date to retrieve past rates, allowing for comprehensive analysis and reporting.

{
    "success": true,
    "timestamp": 1760317240,
    "base": "USD",
    "date": "2025-10-13",
    "rates": {
        "SOS": 575.00,
        "XAU": 0.000485,
        "XAG": 0.03825
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that enables developers to retrieve real-time bid and ask prices for currencies, including the Somali Shilling. This information is crucial for traders and businesses that need to make quick decisions based on market conditions.

{
    "success": true,
    "timestamp": 1760403640,
    "base": "USD",
    "date": "2025-10-14",
    "rates": {
        "SOS": {
            "bid": 579.00,
            "ask": 581.00,
            "spread": 2.00
        },
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint allows developers to convert any amount from one currency to another, including conversions involving the Somali Shilling. This feature is particularly useful for applications that require currency conversion functionalities.

{
    "success": true,
    "query": {
        "from": "SOS",
        "to": "USD",
        "amount": 1000
    },
    "info": {
        "timestamp": 1760403640,
        "rate": 0.00172
    },
    "result": 1.72,
    "unit": "USD"
}

Time-Series Endpoint

The Time-Series Endpoint allows developers to query the API for daily historical rates between two dates of their choice. This feature is essential for analyzing trends and patterns in currency fluctuations over time.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-10-07",
    "end_date": "2025-10-14",
    "base": "USD",
    "rates": {
        "2025-10-07": {
            "SOS": 580.00,
            "XAU": 0.000485
        },
        "2025-10-14": {
            "SOS": 582.00,
            "XAU": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This feature is useful for developers looking to track volatility and make informed decisions based on market trends.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-10-07",
    "end_date": "2025-10-14",
    "base": "USD",
    "rates": {
        "SOS": {
            "start_rate": 580.00,
            "end_rate": 582.00,
            "change": 2.00,
            "change_pct": 0.34
        }
    },
    "unit": "per troy ounce"
}

Open/High/Low/Close (OHLC) Price Endpoint

The OHLC Price Endpoint allows developers to retrieve open, high, low, and close prices for a specific time period. This data is essential for traders who need to analyze market performance over time.

{
    "success": true,
    "timestamp": 1760403640,
    "base": "USD",
    "date": "2025-10-14",
    "rates": {
        "SOS": {
            "open": 580.00,
            "high": 582.00,
            "low": 579.00,
            "close": 581.00
        }
    },
    "unit": "per troy ounce"
}

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for developers working with metals and seeking long-term data trends.

{
    "success": true,
    "timestamp": 1760317240,
    "base": "USD",
    "date": "2025-10-13",
    "rates": {
        "SOS": 575.00,
        "XAU": 0.000485
    },
    "unit": "per troy ounce"
}

API Key and Response

To access the Metals-API, developers must use a unique API key, which is passed into the API base URL's access_key parameter. The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.

All data returned by the API is structured in a JSON format, making it easy for developers to parse and integrate into their applications. Understanding the structure of the API response is crucial for effective data utilization.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols, including but not limited to:

  • XAU - Gold
  • XAG - Silver
  • XPT - Platinum
  • XPD - Palladium
  • SOS - Somali Shilling

For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

Conclusion

The Somali Shilling (SOS) is an integral part of Somalia's economy, and with the help of the Metals-API, developers can access real-time and historical data to create innovative applications that cater to the needs of businesses and individuals alike. The API's extensive features, including the Latest Rates, Historical Rates, and Conversion Endpoints, provide the necessary tools for developers to build robust financial applications.

As the financial landscape continues to evolve, the integration of smart technologies and data analytics will play a crucial role in shaping the future of currency exchange. By leveraging the capabilities of the Metals-API, developers can stay ahead of the curve and contribute to the ongoing digital transformation in the financial sector.

For more information on how to implement these features and to explore the full capabilities of the Metals-API, visit the Metals-API Documentation. This resource provides comprehensive guidance on utilizing the API effectively, ensuring that developers can maximize its potential in their applications.

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