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base info OKB

OKB to Uzbekistan Som Converter and calculator

Convert 1OKB (OKB) to Uzbekistan Som (UZS) equals so'm 746,138.32 | Bitget

UZS information

About Uzbekistan Som (UZS)

The Uzbekistan Som (UZS), introduced in 1993 following the dissolution of the Soviet Union, is more than just the national currency of Uzbekistan; it symbolizes the nation's transition to economic independence and its aspirations for future growth. It is commonly abbreviated as UZS and represented by the symbol so'm. Replacing the Soviet Ruble, the Som marked a significant step in Uzbekistan’s journey towards creating a market-oriented economy.

Historical Background

The introduction of the Uzbekistan Som was a crucial development in Uzbekistan’s post-Soviet economic transformation. It signified the country's departure from the Soviet economic system and was instrumental in laying the groundwork for an independent monetary policy. The Som's establishment coincided with Uzbekistan's broader efforts to diversify its economy and integrate into the global market.

Design and Symbolism

The design of the Uzbekistan Som reflects the country’s rich cultural heritage and history. Banknotes and coins feature images of historic figures, architectural landmarks, and symbols representing Uzbekistan’s art and culture. These designs serve not only as a medium for financial transactions but also as reminders of the nation's unique identity and pride.

Economic Role

The Som plays a central role in Uzbekistan’s economy, which includes significant sectors like cotton production, gold mining, and energy. As the primary medium of exchange, it supports these sectors, facilitating trade, investment, and the daily economic activities of Uzbek citizens.

Monetary Policy and Stability

Managed by the Central Bank of Uzbekistan, the Som has navigated through various challenges, including inflation and currency devaluation. The central bank's monetary policies focus on stabilizing the currency, controlling inflation, and fostering a conducive environment for economic growth and stability.

International Trade and the Uzbekistan Som

In international trade, the stability of the Som is crucial, particularly for Uzbekistan’s exports like cotton, gold, and natural gas. A stable Som is vital for maintaining competitive export prices and for managing the import of essential goods.

Remittances and Economic Impact

Remittances from Uzbekistanis working abroad, particularly in Russia and Kazakhstan, are a significant source of foreign income. These remittances, converted into Soms, support many families and contribute to the national economy, providing a vital cushion against economic shocks.

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Bitget crypto-to-fiat exchange data shows that the most popular OKB currency pair is the OKB to UZS, with for OKB's currency code being OKB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UZS.

OKB to UZS conversion rate trend

1D7D1M3M1YAll
In the past 1D, OKB has changed +7.57% to UZS. Based on the trend and price charts, OKB(OKB) has changed +7.57% to UZS while Uzbekistan Som(UZS) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
so'm746,138.32
0.0001% / 0.0004%vip-iconVIP
OKX
so'm741,472.22
0.080% / 0.100%
Yes
Gate.io
so'm740,205.18
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 13:00:16(UTC+0)

What factors influence the conversion rate of OKB to Uzbekistan Som?

OKB to Uzbekistan Som is rising this week.
OKB's current market price is so'm 746,138.32 per OKB, with a total market cap of so'm 44,768,299,870,579.05 UZS based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by +409.73% (so'm 560,057,226,658.08 UZS) in the last 24 hours. Last trading day, OKB's trading volume was so'm 136,690,272,615.07.
Market cap
$3.53B
24h volume
$54.99M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at so'm 746,138.32 UZS , which means buying 5 OKB will cost so'm 3,730,691.62 UZS . Similarly, so'm1 UZS can be traded for 0.{5}1340 OKB, and so'm50 UZS can be converted to 0.{4}6701 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to Uzbekistan Som has changed by +0.82% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.57%, reaching a high of 782,452.12 UZS and a low of 680,409.18 UZS . One month ago, the value of 1 OKB was so'm 810,062.96 UZS , which represents a -7.89% change from its current value. Over the last year, OKB has changed by
+so'm
8,939.55UZS
, resulting in a change of +15.05% in its value.

OKB to UZS

Amount
13:21 today
0.5 OKB
so'm373,069.16
1 OKB
so'm746,138.32
5 OKB
so'm3,730,691.62
10 OKB
so'm7,461,383.23
50 OKB
so'm37,306,916.15
100 OKB
so'm74,613,832.31
500 OKB
so'm373,069,161.54
1000 OKB
so'm746,138,323.09

UZS to OKB

Amount13:21 today
0.5UZS0.{6}6701  OKB
1UZS0.{5}1340  OKB
5UZS0.{5}6701  OKB
10UZS0.{4}1340  OKB
50UZS0.{4}6701  OKB
100UZS0.0001340  OKB
500UZS0.0006701  OKB
1000UZS0.001340  OKB
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Today vs. 24 hours ago

Amount13:21 today24 hours ago24h change
0.5 OKB$29.44$27.37
+7.57%
1 OKB$58.89$54.74
+7.57%
5 OKB$294.44$273.7
+7.57%
10 OKB$588.88$547.4
+7.57%
50 OKB$2,944.41$2,736.98
+7.57%
100 OKB$5,888.83$5,473.95
+7.57%
500 OKB$29,444.13$27,369.77
+7.57%
1000 OKB$58,888.27$54,739.54
+7.57%

Today vs. 1 month ago

Amount13:21 today1 month ago1M change
0.5 OKB$29.44$31.97
-7.89%
1 OKB$58.89$63.93
-7.89%
5 OKB$294.44$319.67
-7.89%
10 OKB$588.88$639.33
-7.89%
50 OKB$2,944.41$3,196.67
-7.89%
100 OKB$5,888.83$6,393.35
-7.89%
500 OKB$29,444.13$31,966.73
-7.89%
1000 OKB$58,888.27$63,933.46
-7.89%

Today vs. 1 year ago

Amount13:21 today1 year ago1Y change
0.5 OKB$29.44$25.59
+15.05%
1 OKB$58.89$51.18
+15.05%
5 OKB$294.44$255.91
+15.05%
10 OKB$588.88$511.83
+15.05%
50 OKB$2,944.41$2,559.14
+15.05%
100 OKB$5,888.83$5,118.27
+15.05%
500 OKB$29,444.13$25,591.36
+15.05%
1000 OKB$58,888.27$51,182.72
+15.05%

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.