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base info Gaimin

Gaimin to Ugandan Shilling Converter and calculator

Convert 1Gaimin (GMRX) to Ugandan Shilling (UGX) equals Sh 8.34 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Gaimin(GMRX) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 GMRX at a value of 1 GMRX for 8.34 UGX . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Gaimin currency pair is the GMRX to UGX, with for Gaimin's currency code being GMRX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

GMRX to UGX conversion rate trend

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In the past 1D, Gaimin has changed -4.87% to UGX. Based on the trend and price charts, Gaimin(GMRX) has changed -4.87% to UGX while Ugandan Shilling(UGX) has changed % to GMRX in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh8.22
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
Sh8.34
0.1000% / 0.1000%
Yes
Bybit
Sh8.29
0.1000% / 0.1000%
Yes
KuCoin
Sh8.31
0.1000% / 0.1000%
Yes
Last updated 2024/06/25 03:00:20(UTC+0)

How to buy Gaimin

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Buy Gaimin (GMRX)
Use a variety of payment options to buy Gaimin on Bitget. We'll show you how.

Buy GMRX (or USDT) for UGX (Ugandan Shilling) offers

Bitget P2P trading does not currently support direct buying of GMRX with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy GMRX with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
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Sell GMRX (or USDT) for UGX (Ugandan Shilling) offers

Bitget P2P trading currently does not support direct selling of GMRX to UGX. However, you can first exchange GMRX for USDT in the Bitget spot market, and then sell USDT to UGX in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
R
RAGNAR255Verified Merchant
2 tradesCompletion rate 100.00%
4000 UGX
Amount12223.12 USDT
Limit110000 - 49852000 UGX
Bank Transfer
Sell
j
jonioluksVerified Merchant
0 tradesCompletion rate 0.00%
3501.01 UGX
Amount10000 USDT
Limit110000 - 200000 UGX
MTN Mobile MoneyAirtel Money
Sell
T
The_P2P_PlugVerified Merchant
0 tradesCompletion rate 0.00%
3501 UGX
Amount45840 USDT
Limit110000 - 55000000 UGX
Airtel Money
Sell
L
LAGERTHA255Verified Merchant
2 tradesCompletion rate 100.00%
3500 UGX
Amount10000 USDT
Limit110000 - 960000 UGX
Bank Transfer
Sell
G
GYYDAVerified Merchant
2 tradesCompletion rate 100.00%
3500 UGX
Amount10000 USDT
Limit110000 - 35000000 UGX
Bank Transfer
Sell

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

Gaimin to Ugandan Shilling is falling this week.
Gaimin's current market price is Sh 8.34 per GMRX, with a total market cap of Sh 55,307,514,939.73 UGX based on a circulating supply of 6,634,129,400 GMRX. The trading volume of Gaimin has changed by +178.78% (Sh 1,719,857,751.79 UGX) in the last 24 hours. Last trading day, GMRX's trading volume was Sh 961,990,809.87.
Market cap
$14.79M
24h volume
$717.36K
Circulating supply
6.63B GMRX

Conversion tables

The exchange rate of Gaimin is decreasing.
1 GMRX is currently valued at Sh 8.34 UGX , which means buying 5 GMRX will cost Sh 41.68 UGX . Similarly, Sh1 UGX can be traded for 0.1199 GMRX, and Sh50 UGX can be converted to 6 GMRX, excluding any platform or gas fees.
The exchange rate of 1 GMRX to Ugandan Shilling has changed by -16.92% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.87%, reaching a high of 8.49 UGX and a low of 8.04 UGX . One month ago, the value of 1 GMRX was Sh 18.39 UGX , which represents a -55.57% change from its current value. Over the last year, Gaimin has changed by
+Sh
8.03UGX
, resulting in a change of --% in its value.

GMRX to UGX

Amount
05:40 am today
0.5 GMRX
Sh4.17
1 GMRX
Sh8.34
5 GMRX
Sh41.68
10 GMRX
Sh83.37
50 GMRX
Sh416.84
100 GMRX
Sh833.68
500 GMRX
Sh4,168.41
1000 GMRX
Sh8,336.82

UGX to GMRX

Amount05:40 am today
0.5UGX0.05997  GMRX
1UGX0.1199  GMRX
5UGX0.5997  GMRX
10UGX1.2  GMRX
50UGX6  GMRX
100UGX11.99  GMRX
500UGX59.97  GMRX
1000UGX119.95  GMRX
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Today vs. 24 hours ago

Amount05:40 am today24 hours ago24h change
0.5 GMRX$0.001115$0.001170
-4.87%
1 GMRX$0.002230$0.002340
-4.87%
5 GMRX$0.01115$0.01170
-4.87%
10 GMRX$0.02230$0.02340
-4.87%
50 GMRX$0.1115$0.1170
-4.87%
100 GMRX$0.2230$0.2340
-4.87%
500 GMRX$1.11$1.17
-4.87%
1000 GMRX$2.23$2.34
-4.87%

Today vs. 1 month ago

Amount05:40 am today1 month ago1M change
0.5 GMRX$0.001115$0.002459
-55.57%
1 GMRX$0.002230$0.004918
-55.57%
5 GMRX$0.01115$0.02459
-55.57%
10 GMRX$0.02230$0.04918
-55.57%
50 GMRX$0.1115$0.2459
-55.57%
100 GMRX$0.2230$0.4918
-55.57%
500 GMRX$1.11$2.46
-55.57%
1000 GMRX$2.23$4.92
-55.57%
Buy Gaimin for 1 UGX
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Today vs. 1 year ago

Amount05:40 am today1 year ago1Y change
0.5 GMRX$0.001115$0.{4}4087
--
1 GMRX$0.002230$0.{4}8175
--
5 GMRX$0.01115$0.0004087
--
10 GMRX$0.02230$0.0008175
--
50 GMRX$0.1115$0.004087
--
100 GMRX$0.2230$0.008175
--
500 GMRX$1.11$0.04087
--
1000 GMRX$2.23$0.08175
--

Gaimin price prediction

What will the price of GMRX be in 2025?

Based on GMRX's historical price performance prediction model, the price of GMRX is projected to reach -- in 2025.

What will the price of GMRX be in 2030?

In 2030, the GMRX price is expected to rise by -3.00%. By the end of 2030, the GMRX price is projected to reach --, with a cumulative ROI of 0.00%.
Buy Gaimin for 1 UGX
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Gaimin and UGX.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Gaimin and UGX. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Gaimin in UGX, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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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.