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Maker to Ugandan Shilling Converter and calculator

Convert 1Maker (MKR) to Ugandan Shilling (UGX) equals Sh 11,354,089.98 | 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 Maker currency pair is the MKR to UGX, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

MKR to UGX conversion rate trend

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In the past 1D, Maker has changed +17.69% to UGX. Based on the trend and price charts, Maker(MKR) has changed +17.69% to UGX while Ugandan Shilling(UGX) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh11,271,264.37
0.0001% / 0.0004%vip-iconVIP
Binance
Sh11,277,407.41
0.1000% / 0.1000%
Yes
OKX
Sh11,263,756.21
0.080% / 0.100%
Yes
Huobi
Sh11,297,201.64
0.1000% / 0.1000%
Yes
Gate.io
Sh11,259,471.25
0.1000% / 0.1000%
Yes
Bybit
Sh11,281,199.4
0.1000% / 0.1000%
Yes
KuCoin
Sh11,269,823.41
0.1000% / 0.1000%
Yes
Bitfinex
Sh11,284,612.2
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 21:00:30(UTC+0)

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

Maker to Ugandan Shilling is falling this week.
Maker's current market price is Sh 11,354,089.98 per MKR, with a total market cap of Sh 10,499,236,933,065.28 UGX based on a circulating supply of 924,709.7 MKR. The trading volume of Maker has changed by +18.23% (Sh 100,603,543,009.87 UGX) in the last 24 hours. Last trading day, MKR's trading volume was Sh 551,763,238,340.55.
Market cap
$2.77B
24h volume
$172.04M
Circulating supply
924.71K MKR

Conversion tables

The exchange rate of Maker is increasing.
1 MKR is currently valued at Sh 11,354,089.98 UGX , which means buying 5 MKR will cost Sh 56,770,449.92 UGX . Similarly, Sh1 UGX can be traded for 0.{7}8807 MKR, and Sh50 UGX can be converted to 0.{5}4404 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Ugandan Shilling has changed by -16.94% in the last 7 days. In the last 24 hours, the rate has fluctuated by +17.69%, reaching a high of 11,390,071.51 UGX and a low of 9,512,010.42 UGX . One month ago, the value of 1 MKR was Sh 10,231,419.15 UGX , which represents a +10.95% change from its current value. Over the last year, Maker has changed by
+Sh
876,515.82UGX
, resulting in a change of +290.65% in its value.

MKR to UGX

Amount
21:32 today
0.5 MKR
Sh5,677,044.99
1 MKR
Sh11,354,089.98
5 MKR
Sh56,770,449.92
10 MKR
Sh113,540,899.84
50 MKR
Sh567,704,499.18
100 MKR
Sh1,135,408,998.36
500 MKR
Sh5,677,044,991.78
1000 MKR
Sh11,354,089,983.56

UGX to MKR

Amount21:32 today
0.5UGX0.{7}4404  MKR
1UGX0.{7}8807  MKR
5UGX0.{6}4404  MKR
10UGX0.{6}8807  MKR
50UGX0.{5}4404  MKR
100UGX0.{5}8807  MKR
500UGX0.{4}4404  MKR
1000UGX0.{4}8807  MKR
share

Today vs. 24 hours ago

Amount21:32 today24 hours ago24h change
0.5 MKR$1,497.11$1,271.79
+17.69%
1 MKR$2,994.22$2,543.57
+17.69%
5 MKR$14,971.11$12,717.87
+17.69%
10 MKR$29,942.22$25,435.74
+17.69%
50 MKR$149,711.11$127,178.68
+17.69%
100 MKR$299,422.22$254,357.35
+17.69%
500 MKR$1,497,111.1$1,271,786.75
+17.69%
1000 MKR$2,994,222.2$2,543,573.5
+17.69%

Today vs. 1 month ago

Amount21:32 today1 month ago1M change
0.5 MKR$1,497.11$1,349.08
+10.95%
1 MKR$2,994.22$2,698.16
+10.95%
5 MKR$14,971.11$13,490.8
+10.95%
10 MKR$29,942.22$26,981.59
+10.95%
50 MKR$149,711.11$134,907.96
+10.95%
100 MKR$299,422.22$269,815.92
+10.95%
500 MKR$1,497,111.1$1,349,079.6
+10.95%
1000 MKR$2,994,222.2$2,698,159.2
+10.95%

Today vs. 1 year ago

Amount21:32 today1 year ago1Y change
0.5 MKR$1,497.11$381.54
+290.65%
1 MKR$2,994.22$763.07
+290.65%
5 MKR$14,971.11$3,815.37
+290.65%
10 MKR$29,942.22$7,630.73
+290.65%
50 MKR$149,711.11$38,153.67
+290.65%
100 MKR$299,422.22$76,307.35
+290.65%
500 MKR$1,497,111.1$381,536.75
+290.65%
1000 MKR$2,994,222.2$763,073.5
+290.65%

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.