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Monero to Ugandan Shilling Converter and calculator

Convert 1Monero (XMR) to Ugandan Shilling (UGX) equals Sh 466,229.07 | 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 Monero(XMR) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 XMR at a value of 1 XMR for 466,229.07 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 Monero currency pair is the XMR to UGX, with for Monero's currency code being XMR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

XMR to UGX conversion rate trend

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In the past 1D, Monero has changed +0.28% to UGX. Based on the trend and price charts, Monero(XMR) has changed +0.28% to UGX while Ugandan Shilling(UGX) has changed % to XMR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh466,229.07
0.0001% / 0.0004%vip-iconVIP
Binance
Sh452,424.18
0.1000% / 0.1000%
Yes
Kraken
Sh468,203.76
0.1000% / 0.1000%
Yes
OKX
Sh606,027.34
0.080% / 0.100%
Yes
Huobi
Sh468,165.65
0.1000% / 0.1000%
Yes
Gate.io
Sh468,203.76
0.1000% / 0.1000%
Yes
KuCoin
Sh468,584.91
0.1000% / 0.1000%
Yes
Bitfinex
Sh468,013.19
0.1000% / 0.1000%
Yes
Last updated 2024/04/23 21:00:32(UTC+0)

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

Monero to Ugandan Shilling is rising this week.
Monero's current market price is Sh 466,229.07 per XMR, with a total market cap of Sh 8,591,435,485,114.54 UGX based on a circulating supply of 18,427,500 XMR. The trading volume of Monero has changed by -5.10% (Sh -9,304,302,930.90 UGX) in the last 24 hours. Last trading day, XMR's trading volume was Sh 182,376,520,197.13.
Market cap
$2.25B
24h volume
$45.41M
Circulating supply
18.43M XMR

Conversion tables

The exchange rate of Monero is decreasing.
1 XMR is currently valued at Sh 466,229.07 UGX , which means buying 5 XMR will cost Sh 2,331,145.34 UGX . Similarly, Sh1 UGX can be traded for 0.{5}2145 XMR, and Sh50 UGX can be converted to 0.0001072 XMR, excluding any platform or gas fees.
The exchange rate of 1 XMR to Ugandan Shilling has changed by +0.26% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.28%, reaching a high of 472,867.24 UGX and a low of 457,944.25 UGX . One month ago, the value of 1 XMR was Sh 538,112.98 UGX , which represents a -13.36% change from its current value. Over the last year, Monero has changed by
-Sh
134,907.67UGX
, resulting in a change of -22.44% in its value.

XMR to UGX

Amount
21:53 today
0.5 XMR
Sh233,114.53
1 XMR
Sh466,229.07
5 XMR
Sh2,331,145.34
10 XMR
Sh4,662,290.67
50 XMR
Sh23,311,453.35
100 XMR
Sh46,622,906.7
500 XMR
Sh233,114,533.51
1000 XMR
Sh466,229,067.02

UGX to XMR

Amount21:53 today
0.5UGX0.{5}1072  XMR
1UGX0.{5}2145  XMR
5UGX0.{4}1072  XMR
10UGX0.{4}2145  XMR
50UGX0.0001072  XMR
100UGX0.0002145  XMR
500UGX0.001072  XMR
1000UGX0.002145  XMR
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Today vs. 24 hours ago

Amount21:53 today24 hours ago24h change
0.5 XMR$61.16$60.99
+0.28%
1 XMR$122.32$121.98
+0.28%
5 XMR$611.61$609.88
+0.28%
10 XMR$1,223.22$1,219.76
+0.28%
50 XMR$6,116.1$6,098.78
+0.28%
100 XMR$12,232.19$12,197.56
+0.28%
500 XMR$61,160.96$60,987.79
+0.28%
1000 XMR$122,321.91$121,975.57
+0.28%

Today vs. 1 month ago

Amount21:53 today1 month ago1M change
0.5 XMR$61.16$70.59
-13.36%
1 XMR$122.32$141.18
-13.36%
5 XMR$611.61$705.91
-13.36%
10 XMR$1,223.22$1,411.82
-13.36%
50 XMR$6,116.1$7,059.08
-13.36%
100 XMR$12,232.19$14,118.17
-13.36%
500 XMR$61,160.96$70,590.85
-13.36%
1000 XMR$122,321.91$141,181.69
-13.36%

Today vs. 1 year ago

Amount21:53 today1 year ago1Y change
0.5 XMR$61.16$78.86
-22.44%
1 XMR$122.32$157.72
-22.44%
5 XMR$611.61$788.58
-22.44%
10 XMR$1,223.22$1,577.17
-22.44%
50 XMR$6,116.1$7,885.84
-22.44%
100 XMR$12,232.19$15,771.69
-22.44%
500 XMR$61,160.96$78,858.43
-22.44%
1000 XMR$122,321.91$157,716.87
-22.44%

FAQ

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