Convert Mexican Peso to Somali Shilling
Please provide values below to convert Mexican Peso [MXN] to Somali Shilling [SOS], or Convert Somali Shilling to Mexican Peso.
How to Convert Mexican Peso to Somali Shilling
1 MXN = 0.0326267203042981 SOS
Example: convert 15 MXN to SOS:
15 MXN = 15 × 0.0326267203042981 SOS = 0.489400804564472 SOS
Mexican Peso to Somali Shilling Conversion Table
| Mexican Peso | Somali Shilling |
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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.
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.