Convert Australian Dollar to Somali Shilling
Please provide values below to convert Australian Dollar [AUD] to Somali Shilling [SOS], or Convert Somali Shilling to Australian Dollar.
How to Convert Australian Dollar to Somali Shilling
1 AUD = 0.0026760483522668 SOS
Example: convert 15 AUD to SOS:
15 AUD = 15 × 0.0026760483522668 SOS = 0.040140725284002 SOS
Australian Dollar to Somali Shilling Conversion Table
| Australian Dollar | Somali Shilling |
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Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.
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.