1,000,000 KRW to SOS - Convert South Korean Won to Somali shilling

Convert KRW to SOS using our currency converter with real exchange rate today

1 KRW = 0.412 SOS

1 SOS = 2.427 KRW

(Mid-market exchange rate)

Last updated Apr 12, 2024 16:58 GMT

KRW to SOS conversion chart

Below is the live and historical South Korean Won to Somali shilling rate chart so you can see today's rate - and how the rates have changed over time.

1 KRW = 0.412 SOS

1,000,000 South Korean Won to Somali shilling stats | KRW to SOS

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 0.424 0.436 0.436 0.452 0.436
Low 0.412 0.412 0.413 0.413 0.412
Average 0.421 0.425 0.427 0.432 0.425
Volatility 2.91% 5.83% 5.57% 9.44% 5.83%

What is the South Korean Won worth against the Somali shilling today?

1 KRW is worth 0.412 SOS today

How much is 1,000,000 KRW worth in SOS?

At the current exchange rate of 0.412 , a sum of 1,000,000 South Korean Won is worth 412,000 Somali shilling.

Which currency is stronger? KRW or SOS?

The Somali shilling is currently stronger than the South Korean Won given that 1 SOS is equal to 2.427 KRW. Conversely, 1 KRW is worth 0.412 SOS.

Overview of KRW to SOS Performance and Trends

Today, to buy 1,000,000 South Korean Won, you need 412,000 Somali shilling. On the same date last year, you needed 429,000 Somali shilling for 1,000,000 South Korean Won. This change indicates that the South Korean Won has lost value against the Somali shilling by 3.73% over the past year.

The pair experienced moderate volatility of 9.44%.

Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.

KRW to SOS Currency Performance and Volatility

Last 7 Days

  • Performance: ₩1,000,000 varied between S0.412 (weekly low) and S0.424 (weekly high), a variance of S0.012 .
  • Volatility: Fluctuated by 2.91%.

Last 30 Days

  • Performance: ₩1,000,000 varied between S0.412 (30-day low) to S0.436 (30-day high), a variance of S0.024 .
  • Volatility: Fluctuated by 5.83%.

Last 90 Days

  • Performance: ₩1,000,000 varied between S0.413 (90-day low) to S0.436 (90-day high), a variance of S0.023 .
  • Volatility: Fluctuated by 5.57%.

Last Year

  • Performance: ₩1,000,000 ranged from S0.413 (yearly low) to S0.452 (yearly high), a variance of S0.039 .
  • Volatility: Fluctuated by 9.44%.

KRW to SOS Forecast and trending

Is the South Korean Won going up or down against the Somali shilling?

Today's KRW to SOS exchange rate (0.412) is smaller compared to yesterday's rate (0.418).

Currency information

KRW - South Korean Won

The currency code for South Korean Won is KRW.

The KRW currency symbol is ₩.

Minor unit: 1/100 = Jeon

KRW rank by most traded currencies: 12

Avg proportion of daily world trade volume: 0.95%

KRW rank by strongest currencies (buying power): 127

The South Korean Won is the currency of 1 countries:
South Korea

SOS - Somali shilling

The currency code for Somali shilling is SOS.

The SOS currency symbol is S.

Minor unit: 1/100 = Cent

SOS rank by most traded currencies: Not in top 40 traded currencies

Avg proportion of daily world trade volume: 0% (Low daily trade currency)

SOS rank by strongest currencies (buying power): 117

The Somali shilling is the currency of 1 countries:
Somalia

Understanding KRW to SOS Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert South Korean Won to Somali shilling, to send a payment, for a trip overseas, when shopping online or to hold a balance in Somali shilling.

How to convert KRW to SOS?

You can convert South Korean Won to Somali shilling either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Somali shilling in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

  • Choose an exchange service that suits your needs
  • Head there with the money in South Korean Won cash to exchange
  • Get a quote for the exchange rate and any commission or fee you need to pay
  • Hand over your money and receive your Somali shilling in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

  • Choose an international payment service that suits your needs and head to their desktop site, or download their app
  • Tap Send Payment
  • Enter the amount in South Korean Won you want to send, or the amount in Somali shilling you want your recipient to get in the end
  • You'll be shown a quote for the exchange rate and any commission or fee you need to pay
  • Choose your preferred payment method, and follow the prompts to pay
  • Your money will be deposited to your recipient's bank account directly, in Somali shilling

How to get the best KRW to SOS exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best KRW to SOS exchange rate for your specific transaction.

Get to know the KRW/SOS mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the KRW/SOS mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including South Korean Won and Somali shilling. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy South Korean Won with Somali shilling?

You'll be able to exchange Somali shilling to South Korean Won in the same way as you'd exchange South Korean Won to Somali shilling. If you have Somali shilling in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Somali shilling. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold South Korean Won in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange KRW to SOS?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.

Frequently asked questions when converting South Korean Won to Somali shilling (KRW to SOS)

How much is the South Korean Won to Somali shilling?

The South Korean Won to Somali shilling exchange rate today is 0.412 . Use this guide to learn more about exchanging KRW to SOS in the easiest and best value way for your specific needs.

How much is 1,000,000 South Korean Won to the Somali shilling?

The KRW to SOS rate today is 0.412 . That means that 1,000,000 South Korean Won would be worth 412,000 Somali shilling.

How to exchange South Korean Won to Somali shilling?

Exchange KRW to SOS in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including KRW to SOS.

How to send money to Somalia?

If you want to send money from South Korea - or anywhere else in the world - to Somalia, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to Somalia - plus, you'll be able to get everything arranged with just your laptop or phone.

What is the Mid-Market Rate?

The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like Somali shilling and South Korean Won on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.

Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.

Get the live South Korean Won to Somali shilling exchange rate with our handy tools, to help you compare your options.

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