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Arbitrum to Uzbekistan Som Converter and calculator

Convert 1Arbitrum (ARB) to Uzbekistan Som (UZS) equals so'm 14,378.68 | Bitget

UZS information

About Uzbekistan Som (UZS)

The Uzbekistan Som (UZS), introduced in 1993 following the dissolution of the Soviet Union, is more than just the national currency of Uzbekistan; it symbolizes the nation's transition to economic independence and its aspirations for future growth. It is commonly abbreviated as UZS and represented by the symbol so'm. Replacing the Soviet Ruble, the Som marked a significant step in Uzbekistan’s journey towards creating a market-oriented economy.

Historical Background

The introduction of the Uzbekistan Som was a crucial development in Uzbekistan’s post-Soviet economic transformation. It signified the country's departure from the Soviet economic system and was instrumental in laying the groundwork for an independent monetary policy. The Som's establishment coincided with Uzbekistan's broader efforts to diversify its economy and integrate into the global market.

Design and Symbolism

The design of the Uzbekistan Som reflects the country’s rich cultural heritage and history. Banknotes and coins feature images of historic figures, architectural landmarks, and symbols representing Uzbekistan’s art and culture. These designs serve not only as a medium for financial transactions but also as reminders of the nation's unique identity and pride.

Economic Role

The Som plays a central role in Uzbekistan’s economy, which includes significant sectors like cotton production, gold mining, and energy. As the primary medium of exchange, it supports these sectors, facilitating trade, investment, and the daily economic activities of Uzbek citizens.

Monetary Policy and Stability

Managed by the Central Bank of Uzbekistan, the Som has navigated through various challenges, including inflation and currency devaluation. The central bank's monetary policies focus on stabilizing the currency, controlling inflation, and fostering a conducive environment for economic growth and stability.

International Trade and the Uzbekistan Som

In international trade, the stability of the Som is crucial, particularly for Uzbekistan’s exports like cotton, gold, and natural gas. A stable Som is vital for maintaining competitive export prices and for managing the import of essential goods.

Remittances and Economic Impact

Remittances from Uzbekistanis working abroad, particularly in Russia and Kazakhstan, are a significant source of foreign income. These remittances, converted into Soms, support many families and contribute to the national economy, providing a vital cushion against economic shocks.

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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to UZS, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UZS.

ARB to UZS conversion rate trend

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In the past 1D, Arbitrum has changed -0.98% to UZS. Based on the trend and price charts, Arbitrum(ARB) has changed -0.98% to UZS while Uzbekistan Som(UZS) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
so'm14,336.69
0.0001% / 0.0004%vip-iconVIP
Binance
so'm14,349.24
0.1000% / 0.1000%
Yes
OKX
so'm14,350.5
0.080% / 0.100%
Yes
Huobi
so'm14,345.43
0.1000% / 0.1000%
Yes
Gate.io
so'm14,349.24
0.1000% / 0.1000%
Yes
Bybit
so'm14,342.9
0.1000% / 0.1000%
Yes
KuCoin
so'm14,317.56
0.1000% / 0.1000%
Yes
Bitfinex
so'm14,350.5
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 01:00:30(UTC+0)

What factors influence the conversion rate of Arbitrum to Uzbekistan Som?

Arbitrum to Uzbekistan Som is falling this week.
Arbitrum's current market price is so'm 14,378.68 per ARB, with a total market cap of so'm 38,160,148,997,704.99 UZS based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -21.90% (so'm -2,156,592,672,264.01 UZS) in the last 24 hours. Last trading day, ARB's trading volume was so'm 9,847,005,489,539.35.
Market cap
$3.01B
24h volume
$606.96M
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at so'm 14,378.68 UZS , which means buying 5 ARB will cost so'm 71,893.4 UZS . Similarly, so'm1 UZS can be traded for 0.{4}6955 ARB, and so'm50 UZS can be converted to 0.003477 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Uzbekistan Som has changed by -28.02% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.98%, reaching a high of 16,038.71 UZS and a low of 14,243.85 UZS . One month ago, the value of 1 ARB was so'm 21,993.87 UZS , which represents a -34.61% change from its current value. Over the last year, Arbitrum has changed by
-so'm
6,441.68UZS
, resulting in a change of -30.93% in its value.

ARB to UZS

Amount
01:10 am today
0.5 ARB
so'm7,189.34
1 ARB
so'm14,378.68
5 ARB
so'm71,893.4
10 ARB
so'm143,786.81
50 ARB
so'm718,934.03
100 ARB
so'm1,437,868.07
500 ARB
so'm7,189,340.34
1000 ARB
so'm14,378,680.69

UZS to ARB

Amount01:10 am today
0.5UZS0.{4}3477  ARB
1UZS0.{4}6955  ARB
5UZS0.0003477  ARB
10UZS0.0006955  ARB
50UZS0.003477  ARB
100UZS0.006955  ARB
500UZS0.03477  ARB
1000UZS0.06955  ARB
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Today vs. 24 hours ago

Amount01:10 am today24 hours ago24h change
0.5 ARB$0.5674$0.5731
-0.98%
1 ARB$1.13$1.15
-0.98%
5 ARB$5.67$5.73
-0.98%
10 ARB$11.35$11.46
-0.98%
50 ARB$56.74$57.31
-0.98%
100 ARB$113.48$114.61
-0.98%
500 ARB$567.41$573.05
-0.98%
1000 ARB$1,134.82$1,146.11
-0.98%

Today vs. 1 month ago

Amount01:10 am today1 month ago1M change
0.5 ARB$0.5674$0.8679
-34.61%
1 ARB$1.13$1.74
-34.61%
5 ARB$5.67$8.68
-34.61%
10 ARB$11.35$17.36
-34.61%
50 ARB$56.74$86.79
-34.61%
100 ARB$113.48$173.58
-34.61%
500 ARB$567.41$867.92
-34.61%
1000 ARB$1,134.82$1,735.85
-34.61%

Today vs. 1 year ago

Amount01:10 am today1 year ago1Y change
0.5 ARB$0.5674$0.8216
-30.93%
1 ARB$1.13$1.64
-30.93%
5 ARB$5.67$8.22
-30.93%
10 ARB$11.35$16.43
-30.93%
50 ARB$56.74$82.16
-30.93%
100 ARB$113.48$164.32
-30.93%
500 ARB$567.41$821.61
-30.93%
1000 ARB$1,134.82$1,643.23
-30.93%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.