Convert Somali Shilling to Philippine Peso
Please provide values below to convert Somali Shilling [SOS] to Philippine Peso [PHP], or Convert Philippine Peso to Somali Shilling.
How to Convert Somali Shilling to Philippine Peso
1 SOS = 10.0354147970841 PHP
Example: convert 15 SOS to PHP:
15 SOS = 15 × 10.0354147970841 PHP = 150.531221956261 PHP
Somali Shilling to Philippine Peso Conversion Table
| Somali Shilling | Philippine 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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.