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Optimism to Ugandan Shilling Converter and calculator

Convert 1Optimism (OP) to Ugandan Shilling (UGX) equals Sh 9,531.07 | 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 Optimism(OP) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 OP at a value of 1 OP for 9,531.07 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 Optimism currency pair is the OP to UGX, with for Optimism's currency code being OP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

OP to UGX conversion rate trend

1D7D1M3M1YAll
In the past 1D, Optimism has changed -1.95% to UGX. Based on the trend and price charts, Optimism(OP) has changed -1.95% to UGX while Ugandan Shilling(UGX) has changed % to OP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh9,574.36
0.0001% / 0.0004%vip-iconVIP
Binance
Sh9,578.28
0.1000% / 0.1000%
Yes
Coinbase Exchange
Sh9,578.28
0.1000% / 0.1000%
Yes
OKX
Sh9,573.71
0.080% / 0.100%
Yes
Huobi
Sh9,573.33
0.1000% / 0.1000%
Yes
Gate.io
Sh9,575.23
0.1000% / 0.1000%
Yes
Bybit
Sh9,575.61
0.1000% / 0.1000%
Yes
KuCoin
Sh9,578.28
0.1000% / 0.1000%
Yes
Bitfinex
Sh9,561.51
0.1000% / 0.1000%
Yes
Last updated 2024/04/23 21:00:32(UTC+0)

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

Optimism to Ugandan Shilling is rising this week.
Optimism's current market price is Sh 9,531.07 per OP, with a total market cap of Sh 9,963,588,009,142.18 UGX based on a circulating supply of 1,045,379,840 OP. The trading volume of Optimism has changed by -15.67% (Sh -143,642,214,531.10 UGX) in the last 24 hours. Last trading day, OP's trading volume was Sh 916,418,688,752.26.
Market cap
$2.61B
24h volume
$202.75M
Circulating supply
1.05B OP

Conversion tables

The exchange rate of Optimism is decreasing.
1 OP is currently valued at Sh 9,531.07 UGX , which means buying 5 OP will cost Sh 47,655.34 UGX . Similarly, Sh1 UGX can be traded for 0.0001049 OP, and Sh50 UGX can be converted to 0.005246 OP, excluding any platform or gas fees.
The exchange rate of 1 OP to Ugandan Shilling has changed by +10.75% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.95%, reaching a high of 9,849.49 UGX and a low of 9,414.84 UGX . One month ago, the value of 1 OP was Sh 14,103.27 UGX , which represents a -32.42% change from its current value. Over the last year, Optimism has changed by
+Sh
1,098.36UGX
, resulting in a change of +13.03% in its value.

OP to UGX

Amount
21:46 today
0.5 OP
Sh4,765.53
1 OP
Sh9,531.07
5 OP
Sh47,655.34
10 OP
Sh95,310.69
50 OP
Sh476,553.45
100 OP
Sh953,106.9
500 OP
Sh4,765,534.48
1000 OP
Sh9,531,068.96

UGX to OP

Amount21:46 today
0.5UGX0.{4}5246  OP
1UGX0.0001049  OP
5UGX0.0005246  OP
10UGX0.001049  OP
50UGX0.005246  OP
100UGX0.01049  OP
500UGX0.05246  OP
1000UGX0.1049  OP
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Today vs. 24 hours ago

Amount21:46 today24 hours ago24h change
0.5 OP$1.25$1.28
-1.95%
1 OP$2.5$2.55
-1.95%
5 OP$12.5$12.75
-1.95%
10 OP$25.01$25.5
-1.95%
50 OP$125.03$127.52
-1.95%
100 OP$250.06$255.04
-1.95%
500 OP$1,250.31$1,275.21
-1.95%
1000 OP$2,500.61$2,550.42
-1.95%

Today vs. 1 month ago

Amount21:46 today1 month ago1M change
0.5 OP$1.25$1.85
-32.42%
1 OP$2.5$3.7
-32.42%
5 OP$12.5$18.5
-32.42%
10 OP$25.01$37
-32.42%
50 OP$125.03$185.01
-32.42%
100 OP$250.06$370.02
-32.42%
500 OP$1,250.31$1,850.1
-32.42%
1000 OP$2,500.61$3,700.2
-32.42%

Today vs. 1 year ago

Amount21:46 today1 year ago1Y change
0.5 OP$1.25$1.11
+13.03%
1 OP$2.5$2.21
+13.03%
5 OP$12.5$11.06
+13.03%
10 OP$25.01$22.12
+13.03%
50 OP$125.03$110.62
+13.03%
100 OP$250.06$221.24
+13.03%
500 OP$1,250.31$1,106.22
+13.03%
1000 OP$2,500.61$2,212.44
+13.03%

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.