Somali Shilling

Somali Shilling

The Somali shilling (sign: Sh.So.; Somali: shilin; Arabic: شلن‎; Italian: scellino; ISO 4217: SOS) is the official currency of Somalia. It is subdivided into 100 senti (Somali, also سنت), cents (English) or centesimi (Italian).

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

580 Somali Shilling to US Dollar exchange rates chart

580 SOS to USD exchange rates graph
580 SOS to USD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

580 SOS to USD exchange rates table

Exchange SOS to USD
580 Somali Shilling = 1.002 US Dollar
1160 Somali Shilling = 2.004 US Dollar
2900 Somali Shilling = 5.009 US Dollar
5800 Somali Shilling = 10.018 US Dollar
Exchange Somali Shilling to US Dollar
580 Somali Shilling to US Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

580 SOS to USD exchange rates news

Somalia Market Update: October 2018 Update (Issued November 20, 2018) - Somalia

English Situation Report on Somalia about Agriculture, Food and Nutrition and Drought; published on 20 Nov 2018 by FSNAU

2 months indicative neutral
Somaliland's world-leading move towards a cashless culture

A breakaway region in the Horn of Africa isn’t the obvious setting for a technological revolution

3 months indicative positive
DP World investment boosts Somaliland's push for sovereignty

President Muse Behi Abdi hopes other global firms will follow suit in breakaway region

3 months conditional positive
Somalia Market Update: September 2018 Update (Issued October 18, 2018) - Somalia

English Situation Report on Somalia about Agriculture, Food and Nutrition and Drought; published on 18 Oct 2018 by FSNAU

3 months indicative positive
U.S. dollar closes unchanged on Taipei forex market | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 19 (CNA) The U.S. dollar ended unchanged against the Taiwan dollar at NT$30.842 Saturday.

3 days conditional negative
Dollar Exhibits Mixed Trend As Traders Look For Direction

WASHINGTON (Alliance News) - The US dollar is turning in a mixed performance against other major ...

5 days conditional positive
Forex: J$131.36 to one US dollar

KINGSTON, Jamaica — The US dollar on Wednesday, January 16 ended trading at J$131.36 down b...

5 days indicative negative

580 SOS to USD currency converter