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base info Mantle

Mantle to Ugandan Shilling Converter and calculator

Convert 1Mantle (MNT) to Ugandan Shilling (UGX) equals Sh 4,262.26 | 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 Mantle currency pair is the MNT to UGX, with for Mantle's currency code being MNT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

MNT to UGX conversion rate trend

1D7D1M3M1YAll
In the past 1D, Mantle has changed -4.08% to UGX. Based on the trend and price charts, Mantle(MNT) has changed -4.08% to UGX while Ugandan Shilling(UGX) has changed % to MNT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh4,262.26
0.0001% / 0.0004%vip-iconVIP
Huobi
Sh4,172.32
0.1000% / 0.1000%
Yes
Gate.io
Sh4,174.23
0.1000% / 0.1000%
Yes
Bybit
Sh4,168.89
0.1000% / 0.1000%
Yes
KuCoin
Sh4,182.98
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 03:00:32(UTC+0)

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

Mantle to Ugandan Shilling is falling this week.
Mantle's current market price is Sh 4,262.26 per MNT, with a total market cap of Sh 13,913,902,966,661.89 UGX based on a circulating supply of 3,264,441,600 MNT. The trading volume of Mantle has changed by -2.35% (Sh -7,919,925,935.81 UGX) in the last 24 hours. Last trading day, MNT's trading volume was Sh 337,061,154,011.48.
Market cap
$3.65B
24h volume
$86.42M
Circulating supply
3.26B MNT

Conversion tables

The exchange rate of Mantle is increasing.
1 MNT is currently valued at Sh 4,262.26 UGX , which means buying 5 MNT will cost Sh 21,311.3 UGX . Similarly, Sh1 UGX can be traded for 0.0002346 MNT, and Sh50 UGX can be converted to 0.01173 MNT, excluding any platform or gas fees.
The exchange rate of 1 MNT to Ugandan Shilling has changed by -14.68% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.08%, reaching a high of 4,483.67 UGX and a low of 4,111.39 UGX . One month ago, the value of 1 MNT was Sh 3,109.84 UGX , which represents a +37.42% change from its current value. Over the last year, Mantle has changed by
+Sh
423.49UGX
, resulting in a change of --% in its value.

MNT to UGX

Amount
03:24 am today
0.5 MNT
Sh2,131.13
1 MNT
Sh4,262.26
5 MNT
Sh21,311.3
10 MNT
Sh42,622.61
50 MNT
Sh213,113.05
100 MNT
Sh426,226.09
500 MNT
Sh2,131,130.47
1000 MNT
Sh4,262,260.94

UGX to MNT

Amount03:24 am today
0.5UGX0.0001173  MNT
1UGX0.0002346  MNT
5UGX0.001173  MNT
10UGX0.002346  MNT
50UGX0.01173  MNT
100UGX0.02346  MNT
500UGX0.1173  MNT
1000UGX0.2346  MNT
share

Today vs. 24 hours ago

Amount03:24 am today24 hours ago24h change
0.5 MNT$0.5596$0.5832
-4.08%
1 MNT$1.12$1.17
-4.08%
5 MNT$5.6$5.83
-4.08%
10 MNT$11.19$11.66
-4.08%
50 MNT$55.96$58.32
-4.08%
100 MNT$111.91$116.64
-4.08%
500 MNT$559.56$583.19
-4.08%
1000 MNT$1,119.12$1,166.38
-4.08%

Today vs. 1 month ago

Amount03:24 am today1 month ago1M change
0.5 MNT$0.5596$0.4083
+37.42%
1 MNT$1.12$0.8165
+37.42%
5 MNT$5.6$4.08
+37.42%
10 MNT$11.19$8.17
+37.42%
50 MNT$55.96$40.83
+37.42%
100 MNT$111.91$81.65
+37.42%
500 MNT$559.56$408.27
+37.42%
1000 MNT$1,119.12$816.53
+37.42%

Today vs. 1 year ago

Amount03:24 am today1 year ago1Y change
0.5 MNT$0.5596$0.003961
--
1 MNT$1.12$0.007922
--
5 MNT$5.6$0.03961
--
10 MNT$11.19$0.07922
--
50 MNT$55.96$0.3961
--
100 MNT$111.91$0.7922
--
500 MNT$559.56$3.96
--
1000 MNT$1,119.12$7.92
--

FAQ

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