Convert New Taiwan Dollar to Somali Shilling
Please provide values below to convert New Taiwan Dollar [TWD] to Somali Shilling [SOS], or Convert Somali Shilling to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Somali Shilling
1 TWD = 0.0513877582162664 SOS
Example: convert 15 TWD to SOS:
15 TWD = 15 × 0.0513877582162664 SOS = 0.770816373243996 SOS
New Taiwan Dollar to Somali Shilling Conversion Table
| New Taiwan Dollar | Somali Shilling |
|---|
New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.