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Shiba Inu to Ugandan Shilling Converter and calculator

Convert 1Shiba Inu (SHIB) to Ugandan Shilling (UGX) equals Sh 0.08275 | 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 Shiba Inu currency pair is the SHIB to UGX, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

SHIB to UGX conversion rate trend

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In the past 1D, Shiba Inu has changed -10.44% to UGX. Based on the trend and price charts, Shiba Inu(SHIB) has changed -10.44% to UGX while Ugandan Shilling(UGX) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh0.08221
0.0001% / 0.0004%vip-iconVIP
Binance
Sh0.08213
0.1000% / 0.1000%
Yes
Coinbase Exchange
Sh0.08229
0.1000% / 0.1000%
Yes
Kraken
Sh0.08213
0.1000% / 0.1000%
Yes
OKX
Sh0.08213
0.080% / 0.100%
Yes
Huobi
Sh0.08213
0.1000% / 0.1000%
Yes
Gate.io
Sh0.08213
0.1000% / 0.1000%
Yes
Bybit
Sh0.08229
0.1000% / 0.1000%
Yes
KuCoin
Sh0.08210
0.1000% / 0.1000%
Yes
Bitfinex
Sh0.08217
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 12:00:32(UTC+0)

What factors influence the conversion rate of Shiba Inu to Ugandan Shilling?

Shiba Inu to Ugandan Shilling is falling this week.
Shiba Inu's current market price is Sh 0.08275 per SHIB, with a total market cap of Sh 48,766,294,583,338.84 UGX based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by +46.60% (Sh 2,141,005,101,798.59 UGX) in the last 24 hours. Last trading day, SHIB's trading volume was Sh 4,594,392,112,081.84.
Market cap
$12.86B
24h volume
$1.78B
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at Sh 0.08275 UGX , which means buying 5 SHIB will cost Sh 0.4138 UGX . Similarly, Sh1 UGX can be traded for 12.08 SHIB, and Sh50 UGX can be converted to 604.2 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Ugandan Shilling has changed by -22.88% in the last 7 days. In the last 24 hours, the rate has fluctuated by -10.44%, reaching a high of 0.09451 UGX and a low of 0.07026 UGX . One month ago, the value of 1 SHIB was Sh 0.1080 UGX , which represents a -23.32% change from its current value. Over the last year, Shiba Inu has changed by
+Sh
0.04014UGX
, resulting in a change of +93.98% in its value.

SHIB to UGX

Amount
12:08 today
0.5 SHIB
Sh0.04138
1 SHIB
Sh0.08275
5 SHIB
Sh0.4138
10 SHIB
Sh0.8275
50 SHIB
Sh4.14
100 SHIB
Sh8.28
500 SHIB
Sh41.38
1000 SHIB
Sh82.75

UGX to SHIB

Amount12:08 today
0.5UGX6.04  SHIB
1UGX12.08  SHIB
5UGX60.42  SHIB
10UGX120.84  SHIB
50UGX604.2  SHIB
100UGX1,208.39  SHIB
500UGX6,041.97  SHIB
1000UGX12,083.95  SHIB
share

Today vs. 24 hours ago

Amount12:08 today24 hours ago24h change
0.5 SHIB$0.{4}1091$0.{4}1219
-10.44%
1 SHIB$0.{4}2182$0.{4}2437
-10.44%
5 SHIB$0.0001091$0.0001219
-10.44%
10 SHIB$0.0002182$0.0002437
-10.44%
50 SHIB$0.001091$0.001219
-10.44%
100 SHIB$0.002182$0.002437
-10.44%
500 SHIB$0.01091$0.01219
-10.44%
1000 SHIB$0.02182$0.02437
-10.44%

Today vs. 1 month ago

Amount12:08 today1 month ago1M change
0.5 SHIB$0.{4}1091$0.{4}1423
-23.32%
1 SHIB$0.{4}2182$0.{4}2847
-23.32%
5 SHIB$0.0001091$0.0001423
-23.32%
10 SHIB$0.0002182$0.0002847
-23.32%
50 SHIB$0.001091$0.001423
-23.32%
100 SHIB$0.002182$0.002847
-23.32%
500 SHIB$0.01091$0.01423
-23.32%
1000 SHIB$0.02182$0.02847
-23.32%

Today vs. 1 year ago

Amount12:08 today1 year ago1Y change
0.5 SHIB$0.{4}1091$0.{5}5619
+93.98%
1 SHIB$0.{4}2182$0.{4}1124
+93.98%
5 SHIB$0.0001091$0.{4}5619
+93.98%
10 SHIB$0.0002182$0.0001124
+93.98%
50 SHIB$0.001091$0.0005619
+93.98%
100 SHIB$0.002182$0.001124
+93.98%
500 SHIB$0.01091$0.005619
+93.98%
1000 SHIB$0.02182$0.01124
+93.98%

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.