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base info Dai

Dai to Ugandan Shilling Converter and calculator

Convert 1Dai (DAI) to Ugandan Shilling (UGX) equals Sh 3,802.28 | 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 Dai currency pair is the DAI to UGX, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

DAI to UGX conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.02% to UGX. Based on the trend and price charts, Dai(DAI) has changed +0.02% to UGX while Ugandan Shilling(UGX) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh3,798.68
0.0001% / 0.0004%vip-iconVIP
Kraken
Sh3,799.93
0.1000% / 0.1000%
Yes
OKX
Sh3,800.77
0.080% / 0.100%
Yes
Huobi
Sh3,798.49
0.1000% / 0.1000%
Yes
Gate.io
Sh3,796.58
0.1000% / 0.1000%
Yes
Bybit
Sh3,798.49
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 20:00:25(UTC+0)

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

Dai to Ugandan Shilling is rising this week.
Dai's current market price is Sh 3,802.28 per DAI, with a total market cap of Sh 20,334,185,474,396.11 UGX based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -33.80% (Sh -935,841,684,830.74 UGX) in the last 24 hours. Last trading day, DAI's trading volume was Sh 2,769,147,440,119.61.
Market cap
$5.35B
24h volume
$482.21M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at Sh 3,802.28 UGX , which means buying 5 DAI will cost Sh 19,011.41 UGX . Similarly, Sh1 UGX can be traded for 0.0002630 DAI, and Sh50 UGX can be converted to 0.01315 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Ugandan Shilling has changed by +0.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.02%, reaching a high of 3,803.55 UGX and a low of 3,800.4 UGX . One month ago, the value of 1 DAI was Sh 3,801.49 UGX , which represents a +0.02% change from its current value. Over the last year, Dai has changed by
+Sh
7.75UGX
, resulting in a change of +0.20% in its value.

DAI to UGX

Amount
20:05 today
0.5 DAI
Sh1,901.14
1 DAI
Sh3,802.28
5 DAI
Sh19,011.41
10 DAI
Sh38,022.83
50 DAI
Sh190,114.14
100 DAI
Sh380,228.28
500 DAI
Sh1,901,141.41
1000 DAI
Sh3,802,282.83

UGX to DAI

Amount20:05 today
0.5UGX0.0001315  DAI
1UGX0.0002630  DAI
5UGX0.001315  DAI
10UGX0.002630  DAI
50UGX0.01315  DAI
100UGX0.02630  DAI
500UGX0.1315  DAI
1000UGX0.2630  DAI
share

Today vs. 24 hours ago

Amount20:05 today24 hours ago24h change
0.5 DAI$0.5000$0.5000
+0.02%
1 DAI$1$0.9999
+0.02%
5 DAI$5$5
+0.02%
10 DAI$10$10
+0.02%
50 DAI$50$50
+0.02%
100 DAI$100.01$99.99
+0.02%
500 DAI$500.05$499.97
+0.02%
1000 DAI$1,000.1$999.95
+0.02%

Today vs. 1 month ago

Amount20:05 today1 month ago1M change
0.5 DAI$0.5000$0.4999
+0.02%
1 DAI$1$0.9999
+0.02%
5 DAI$5$5
+0.02%
10 DAI$10$10
+0.02%
50 DAI$50$49.99
+0.02%
100 DAI$100.01$99.99
+0.02%
500 DAI$500.05$499.94
+0.02%
1000 DAI$1,000.1$999.89
+0.02%

Today vs. 1 year ago

Amount20:05 today1 year ago1Y change
0.5 DAI$0.5000$0.4990
+0.20%
1 DAI$1$0.9981
+0.20%
5 DAI$5$4.99
+0.20%
10 DAI$10$9.98
+0.20%
50 DAI$50$49.9
+0.20%
100 DAI$100.01$99.81
+0.20%
500 DAI$500.05$499.03
+0.20%
1000 DAI$1,000.1$998.06
+0.20%

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.