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base info Internet Computer

Internet Computer to Ugandan Shilling Converter and calculator

Convert 1Internet Computer (ICP) to Ugandan Shilling (UGX) equals Sh 48,924.67 | 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 Internet Computer currency pair is the ICP to UGX, with for Internet Computer's currency code being ICP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

ICP to UGX conversion rate trend

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In the past 1D, Internet Computer has changed +3.55% to UGX. Based on the trend and price charts, Internet Computer(ICP) has changed +3.55% to UGX while Ugandan Shilling(UGX) has changed % to ICP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh48,208.45
0.0001% / 0.0004%vip-iconVIP
Binance
Sh48,124.27
0.1000% / 0.1000%
Yes
Coinbase Exchange
Sh48,158.4
0.1000% / 0.1000%
Yes
OKX
Sh48,109.1
0.080% / 0.100%
Yes
Huobi
Sh48,158.4
0.1000% / 0.1000%
Yes
Gate.io
Sh48,120.48
0.1000% / 0.1000%
Yes
Bybit
Sh48,204.28
0.1000% / 0.1000%
Yes
KuCoin
Sh48,173.57
0.1000% / 0.1000%
Yes
Bitfinex
Sh48,067.39
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 05:00:30(UTC+0)

What factors influence the conversion rate of Internet Computer to Ugandan Shilling?

Internet Computer to Ugandan Shilling is falling this week.
Internet Computer's current market price is Sh 48,924.67 per ICP, with a total market cap of Sh 22,636,717,038,278.61 UGX based on a circulating supply of 462,685,100 ICP. The trading volume of Internet Computer has changed by -40.89% (Sh -486,681,820,048.79 UGX) in the last 24 hours. Last trading day, ICP's trading volume was Sh 1,190,230,840,648.84.
Market cap
$5.97B
24h volume
$185.54M
Circulating supply
462.69M ICP

Conversion tables

The exchange rate of Internet Computer is increasing.
1 ICP is currently valued at Sh 48,924.67 UGX , which means buying 5 ICP will cost Sh 244,623.37 UGX . Similarly, Sh1 UGX can be traded for 0.{4}2044 ICP, and Sh50 UGX can be converted to 0.001022 ICP, excluding any platform or gas fees.
The exchange rate of 1 ICP to Ugandan Shilling has changed by -23.98% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.55%, reaching a high of 49,600.45 UGX and a low of 45,444.49 UGX . One month ago, the value of 1 ICP was Sh 48,125.4 UGX , which represents a +1.66% change from its current value. Over the last year, Internet Computer has changed by
+Sh
83.71UGX
, resulting in a change of +119.39% in its value.

ICP to UGX

Amount
05:28 am today
0.5 ICP
Sh24,462.34
1 ICP
Sh48,924.67
5 ICP
Sh244,623.37
10 ICP
Sh489,246.73
50 ICP
Sh2,446,233.67
100 ICP
Sh4,892,467.34
500 ICP
Sh24,462,336.7
1000 ICP
Sh48,924,673.4

UGX to ICP

Amount05:28 am today
0.5UGX0.{4}1022  ICP
1UGX0.{4}2044  ICP
5UGX0.0001022  ICP
10UGX0.0002044  ICP
50UGX0.001022  ICP
100UGX0.002044  ICP
500UGX0.01022  ICP
1000UGX0.02044  ICP
share

Today vs. 24 hours ago

Amount05:28 am today24 hours ago24h change
0.5 ICP$6.45$6.23
+3.55%
1 ICP$12.9$12.46
+3.55%
5 ICP$64.51$62.3
+3.55%
10 ICP$129.02$124.6
+3.55%
50 ICP$645.1$623
+3.55%
100 ICP$1,290.21$1,246
+3.55%
500 ICP$6,451.04$6,230
+3.55%
1000 ICP$12,902.08$12,460.01
+3.55%

Today vs. 1 month ago

Amount05:28 am today1 month ago1M change
0.5 ICP$6.45$6.35
+1.66%
1 ICP$12.9$12.69
+1.66%
5 ICP$64.51$63.46
+1.66%
10 ICP$129.02$126.91
+1.66%
50 ICP$645.1$634.56
+1.66%
100 ICP$1,290.21$1,269.13
+1.66%
500 ICP$6,451.04$6,345.65
+1.66%
1000 ICP$12,902.08$12,691.3
+1.66%

Today vs. 1 year ago

Amount05:28 am today1 year ago1Y change
0.5 ICP$6.45$2.94
+119.39%
1 ICP$12.9$5.88
+119.39%
5 ICP$64.51$29.4
+119.39%
10 ICP$129.02$58.8
+119.39%
50 ICP$645.1$294
+119.39%
100 ICP$1,290.21$588
+119.39%
500 ICP$6,451.04$2,940
+119.39%
1000 ICP$12,902.08$5,880
+119.39%

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.