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base info Polygon

Polygon to Ugandan Shilling Converter and calculator

Convert 1Polygon (MATIC) to Ugandan Shilling (UGX) equals Sh 2,790.59 | 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 Polygon(MATIC) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 MATIC at a value of 1 MATIC for 2,790.59 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 Polygon currency pair is the MATIC to UGX, with for Polygon's currency code being MATIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

MATIC to UGX conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed +9.13% to UGX. Based on the trend and price charts, Polygon(MATIC) has changed +9.13% to UGX while Ugandan Shilling(UGX) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh2,766.66
0.0001% / 0.0004%vip-iconVIP
Binance
Sh2,777.8
0.1000% / 0.1000%
Yes
Coinbase Exchange
Sh2,779.32
0.1000% / 0.1000%
Yes
Kraken
Sh2,767.54
0.1000% / 0.1000%
Yes
OKX
Sh2,777.42
0.080% / 0.100%
Yes
Huobi
Sh2,777.81
0.1000% / 0.1000%
Yes
Gate.io
Sh2,777.8
0.1000% / 0.1000%
Yes
Bybit
Sh2,766.02
0.1000% / 0.1000%
Yes
KuCoin
Sh2,776.66
0.1000% / 0.1000%
Yes
Bitfinex
Sh2,777.76
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 19:00:34(UTC+0)

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

Polygon to Ugandan Shilling is rising this week.
Polygon's current market price is Sh 2,790.59 per MATIC, with a total market cap of Sh 27,612,144,322,603.59 UGX based on a circulating supply of 9,894,740,000 MATIC. The trading volume of Polygon has changed by -38.74% (Sh -605,536,755,850.28 UGX) in the last 24 hours. Last trading day, MATIC's trading volume was Sh 1,563,163,609,411.66.
Market cap
$7.26B
24h volume
$251.87M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at Sh 2,790.59 UGX , which means buying 5 MATIC will cost Sh 13,952.94 UGX . Similarly, Sh1 UGX can be traded for 0.0003583 MATIC, and Sh50 UGX can be converted to 0.01792 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Ugandan Shilling has changed by +3.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by +9.13%, reaching a high of 2,797.35 UGX and a low of 2,525.81 UGX . One month ago, the value of 1 MATIC was Sh 3,752.85 UGX , which represents a -25.61% change from its current value. Over the last year, Polygon has changed by
-Sh
1,052.6UGX
, resulting in a change of -27.36% in its value.

MATIC to UGX

Amount
19:43 today
0.5 MATIC
Sh1,395.29
1 MATIC
Sh2,790.59
5 MATIC
Sh13,952.94
10 MATIC
Sh27,905.88
50 MATIC
Sh139,529.41
100 MATIC
Sh279,058.82
500 MATIC
Sh1,395,294.1
1000 MATIC
Sh2,790,588.21

UGX to MATIC

Amount19:43 today
0.5UGX0.0001792  MATIC
1UGX0.0003583  MATIC
5UGX0.001792  MATIC
10UGX0.003583  MATIC
50UGX0.01792  MATIC
100UGX0.03583  MATIC
500UGX0.1792  MATIC
1000UGX0.3583  MATIC
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Today vs. 24 hours ago

Amount19:43 today24 hours ago24h change
0.5 MATIC$0.3670$0.3362
+9.13%
1 MATIC$0.7340$0.6725
+9.13%
5 MATIC$3.67$3.36
+9.13%
10 MATIC$7.34$6.72
+9.13%
50 MATIC$36.7$33.62
+9.13%
100 MATIC$73.4$67.25
+9.13%
500 MATIC$366.98$336.24
+9.13%
1000 MATIC$733.96$672.47
+9.13%

Today vs. 1 month ago

Amount19:43 today1 month ago1M change
0.5 MATIC$0.3670$0.4935
-25.61%
1 MATIC$0.7340$0.9871
-25.61%
5 MATIC$3.67$4.94
-25.61%
10 MATIC$7.34$9.87
-25.61%
50 MATIC$36.7$49.35
-25.61%
100 MATIC$73.4$98.71
-25.61%
500 MATIC$366.98$493.53
-25.61%
1000 MATIC$733.96$987.05
-25.61%

Today vs. 1 year ago

Amount19:43 today1 year ago1Y change
0.5 MATIC$0.3670$0.5054
-27.36%
1 MATIC$0.7340$1.01
-27.36%
5 MATIC$3.67$5.05
-27.36%
10 MATIC$7.34$10.11
-27.36%
50 MATIC$36.7$50.54
-27.36%
100 MATIC$73.4$101.08
-27.36%
500 MATIC$366.98$505.41
-27.36%
1000 MATIC$733.96$1,010.81
-27.36%

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.