500 HKD to SOS - Convert Hong Kong Dollar to Somali shilling

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

1 HKD = 72.929 SOS

1 SOS = 0.014 HKD

(Mid-market exchange rate)

Last updated Apr 12, 2024 18:13 GMT

HKD to SOS conversion chart

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

1 HKD = 72.929 SOS

500 Hong Kong Dollar to Somali shilling stats | HKD to SOS

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 73.135 73.527 73.256 73.362 73.527
Low 72.919 72.916 72.922 72.421 72.916
Average 73.002 73.047 73.059 72.913 73.047
Volatility 0.3% 0.84% 0.46% 1.3% 0.84%

What is the Hong Kong Dollar worth against the Somali shilling today?

1 HKD is worth 72.929 SOS today

How much is 500 HKD worth in SOS?

At the current exchange rate of 72.929 , a sum of 500 Hong Kong Dollar is worth 36,464.5 Somali shilling.

Which currency is stronger? HKD or SOS?

The Hong Kong Dollar is currently stronger than the Somali shilling given that 1 HKD is equal to 72.929 SOS. Conversely, 1 SOS is worth 0.014 HKD.

Overview of HKD to SOS Performance and Trends

Today, to buy 500 Hong Kong Dollar, you need 36,464.5 Somali shilling. On the same date last year, you needed 36,210.5 Somali shilling for 500 Hong Kong Dollar. This change indicates that the Hong Kong Dollar has become stronger against the Somali shilling by 0.69% over the past year.

The pair experienced low volatility of 1.3%.

Low volatility means there is a lower risk of significant price changes. The exchange rate is normally stable.

HKD to SOS Currency Performance and Volatility

Last 7 Days

  • Performance: $500 varied between S72.919 (weekly low) and S73.135 (weekly high), a variance of S0.216 .
  • Volatility: Fluctuated by 0.3%.

Last 30 Days

  • Performance: $500 varied between S72.916 (30-day low) to S73.527 (30-day high), a variance of S0.611 .
  • Volatility: Fluctuated by 0.84%.

Last 90 Days

  • Performance: $500 varied between S72.922 (90-day low) to S73.256 (90-day high), a variance of S0.334 .
  • Volatility: Fluctuated by 0.46%.

Last Year

  • Performance: $500 ranged from S72.421 (yearly low) to S73.362 (yearly high), a variance of S0.941 .
  • Volatility: Fluctuated by 1.3%.

HKD to SOS Forecast and trending

Is the Hong Kong Dollar going up or down against the Somali shilling?

Today's HKD to SOS exchange rate (72.928) is smaller compared to yesterday's rate (73.109).

Currency information

HKD - Hong Kong Dollar

The currency code for Hong Kong Dollar is HKD.

The HKD currency symbol is $.

Minor unit: 1/100 = Cent

HKD rank by most traded currencies: 9

Avg proportion of daily world trade volume: 1.30%

HKD rank by strongest currencies (buying power): 47

The Hong Kong Dollar is the currency of 2 countries:
Hong Kong, Macau

More Hong Kong Dollar (HKD) information >

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 HKD 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 Hong Kong Dollar 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 HKD to SOS?

You can convert Hong Kong Dollar 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 Hong Kong Dollar 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 Hong Kong Dollar 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 HKD 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 HKD to SOS exchange rate for your specific transaction.

Get to know the HKD/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 HKD/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 Hong Kong Dollar 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 Hong Kong Dollar with Somali shilling?

You'll be able to exchange Somali shilling to Hong Kong Dollar in the same way as you'd exchange Hong Kong Dollar 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 Hong Kong Dollar 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 HKD 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 Hong Kong Dollar to Somali shilling (HKD to SOS)

How much is the Hong Kong Dollar to Somali shilling?

The Hong Kong Dollar to Somali shilling exchange rate today is 72.929 . Use this guide to learn more about exchanging HKD to SOS in the easiest and best value way for your specific needs.

How much is 500 Hong Kong Dollar to the Somali shilling?

The HKD to SOS rate today is 72.929 . That means that 500 Hong Kong Dollar would be worth 36,464.5 Somali shilling.

How to exchange Hong Kong Dollar to Somali shilling?

Exchange HKD 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 HKD to SOS.

How to send money to Somalia?

If you want to send money from Hong Kong - 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 Hong Kong Dollar 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 Hong Kong Dollar to Somali shilling exchange rate with our handy tools, to help you compare your options.

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