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Bitcoin to Ugandan Shilling Converter and calculator

Convert 1Bitcoin (BTC) to Ugandan Shilling (UGX) equals Sh 237,340,672.28 | Bitget

UGX information

About Ugandan Shilling (UGX)

The Ugandan Shilling (UGX), introduced in 1966, is the official currency of Uganda and a significant symbol of the country's economic resilience and aspirations for growth. It is commonly abbreviated as UGX and represented by the symbol USh. Replacing the East African Shilling, the Ugandan Shilling was established in the wake of Uganda’s independence, marking a new era in the nation's economic journey.

Historical Background

The introduction of the Ugandan Shilling was a pivotal step in post-independence Uganda. It symbolized the country's break from its colonial past and its commitment to forging an independent economic path. The Ugandan Shilling's establishment coincided with Uganda's broader efforts to build a self-sustaining and diversified economy.

Design and Symbolism

The design of the Ugandan Shilling reflects the country's rich cultural heritage, natural resources, and wildlife. Banknotes and coins feature images of notable Ugandan figures, local flora and fauna, and key economic activities. These designs are not just utilitarian; they narrate Uganda's history, celebrate its cultural diversity, and showcase its natural beauty, thereby instilling a sense of national identity and pride.

Economic Role

The Ugandan Shilling plays a crucial role in Uganda’s economy, which includes significant sectors like agriculture, tourism, and manufacturing. As the primary medium of exchange, it supports these sectors, enabling trade, facilitating investment, and aiding the daily financial transactions of Ugandans.

Monetary Policy and Stability

Managed by the Bank of Uganda, the Shilling has faced various economic challenges, including inflation and currency volatility. The central bank's monetary policies focus on stabilizing the Shilling, controlling inflation, and fostering a conducive environment for economic growth and stability.

International Trade and the Ugandan Shilling

In international trade, the value of the Shilling is crucial, particularly for Uganda’s exports, such as coffee, tea, and gold. A stable Shilling is essential for maintaining competitive export prices and for managing the import of essential goods.

Remittances and Economic Impact

Remittances from Ugandans working abroad, especially in the Middle East, Europe, and North America, are a significant source of foreign income. These remittances, converted into Shillings, support many families and contribute to the national economy, providing a vital buffer against economic challenges.

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

BTC to UGX conversion rate trend

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In the past 1D, Bitcoin has changed -3.20% to UGX. Based on the trend and price charts, Bitcoin(BTC) has changed -3.20% to UGX while Ugandan Shilling(UGX) has changed % to BTC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh236,801,257.68
0.0001% / 0.0004%vip-iconVIP
Binance
Sh236,652,945.29
0.1000% / 0.1000%
Yes
Coinbase Exchange
Sh236,589,111.26
0.1000% / 0.1000%
Yes
Kraken
Sh237,065,642.31
0.1000% / 0.1000%
Yes
OKX
Sh236,626,902.22
0.080% / 0.100%
Yes
Huobi
Sh236,426,313.6
0.1000% / 0.1000%
Yes
Gate.io
Sh236,642,870.23
0.1000% / 0.1000%
Yes
Bybit
Sh236,794,224.16
0.1000% / 0.1000%
Yes
KuCoin
Sh236,536,036.64
0.1000% / 0.1000%
Yes
Bitfinex
Sh238,216,099.43
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 14:00:31(UTC+0)

What factors influence the conversion rate of Bitcoin to Ugandan Shilling?

Bitcoin to Ugandan Shilling is falling this week.
Bitcoin's current market price is Sh 237,340,672.28 per BTC, with a total market cap of Sh 4,671,884,729,523,483 UGX based on a circulating supply of 19,684,300 BTC. The trading volume of Bitcoin has changed by +9.73% (Sh 15,667,827,627,960.08 UGX) in the last 24 hours. Last trading day, BTC's trading volume was Sh 160,974,690,776,423.34.
Market cap
$1.23T
24h volume
$46.46B
Circulating supply
19.68M BTC

Conversion tables

The exchange rate of Bitcoin is decreasing.
1 BTC is currently valued at Sh 237,340,672.28 UGX , which means buying 5 BTC will cost Sh 1,186,703,361.39 UGX . Similarly, Sh1 UGX can be traded for 0.{8}4213 BTC, and Sh50 UGX can be converted to 0.{6}2107 BTC, excluding any platform or gas fees.
The exchange rate of 1 BTC to Ugandan Shilling has changed by -9.36% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.20%, reaching a high of 246,663,176.85 UGX and a low of 234,640,033.12 UGX . One month ago, the value of 1 BTC was Sh 255,561,274.52 UGX , which represents a -7.13% change from its current value. Over the last year, Bitcoin has changed by
+Sh
11,397,152.1UGX
, resulting in a change of +112.18% in its value.

BTC to UGX

Amount
14:52 today
0.5 BTC
Sh118,670,336.14
1 BTC
Sh237,340,672.28
5 BTC
Sh1,186,703,361.39
10 BTC
Sh2,373,406,722.79
50 BTC
Sh11,867,033,613.93
100 BTC
Sh23,734,067,227.85
500 BTC
Sh118,670,336,139.26
1000 BTC
Sh237,340,672,278.53

UGX to BTC

Amount14:52 today
0.5UGX0.{8}2107  BTC
1UGX0.{8}4213  BTC
5UGX0.{7}2107  BTC
10UGX0.{7}4213  BTC
50UGX0.{6}2107  BTC
100UGX0.{6}4213  BTC
500UGX0.{5}2107  BTC
1000UGX0.{5}4213  BTC
share

Today vs. 24 hours ago

Amount14:52 today24 hours ago24h change
0.5 BTC$31,213.37$32,245.03
-3.20%
1 BTC$62,426.74$64,490.07
-3.20%
5 BTC$312,133.7$322,450.35
-3.20%
10 BTC$624,267.4$644,900.7
-3.20%
50 BTC$3,121,337$3,224,503.5
-3.20%
100 BTC$6,242,674$6,449,007
-3.20%
500 BTC$31,213,370$32,245,035
-3.20%
1000 BTC$62,426,740$64,490,070
-3.20%

Today vs. 1 month ago

Amount14:52 today1 month ago1M change
0.5 BTC$31,213.37$33,609.61
-7.13%
1 BTC$62,426.74$67,219.23
-7.13%
5 BTC$312,133.7$336,096.15
-7.13%
10 BTC$624,267.4$672,192.3
-7.13%
50 BTC$3,121,337$3,360,961.5
-7.13%
100 BTC$6,242,674$6,721,923
-7.13%
500 BTC$31,213,370$33,609,615
-7.13%
1000 BTC$62,426,740$67,219,230
-7.13%

Today vs. 1 year ago

Amount14:52 today1 year ago1Y change
0.5 BTC$31,213.37$14,714.5
+112.18%
1 BTC$62,426.74$29,428.99
+112.18%
5 BTC$312,133.7$147,144.96
+112.18%
10 BTC$624,267.4$294,289.92
+112.18%
50 BTC$3,121,337$1,471,449.6
+112.18%
100 BTC$6,242,674$2,942,899.2
+112.18%
500 BTC$31,213,370$14,714,496
+112.18%
1000 BTC$62,426,740$29,428,992
+112.18%

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.