Convert Somali Shilling to Mexican Peso
Please provide values below to convert Somali Shilling [SOS] to Mexican Peso [MXN], or Convert Mexican Peso to Somali Shilling.
How to Convert Somali Shilling to Mexican Peso
1 SOS = 30.6497248474056 MXN
Example: convert 15 SOS to MXN:
15 SOS = 15 × 30.6497248474056 MXN = 459.745872711084 MXN
Somali Shilling to Mexican Peso Conversion Table
| Somali Shilling | Mexican Peso |
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Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.