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base info THORChain

THORChain to Ugandan Shilling Converter and calculator

Convert 1THORChain (RUNE) to Ugandan Shilling (UGX) equals Sh 18,374.68 | 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 THORChain currency pair is the RUNE to UGX, with for THORChain's currency code being RUNE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

RUNE to UGX conversion rate trend

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In the past 1D, THORChain has changed -6.33% to UGX. Based on the trend and price charts, THORChain(RUNE) has changed -6.33% to UGX while Ugandan Shilling(UGX) has changed % to RUNE in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh18,326.57
0.0001% / 0.0004%vip-iconVIP
Binance
Sh18,347.92
0.1000% / 0.1000%
Yes
Huobi
Sh18,351.35
0.1000% / 0.1000%
Yes
Gate.io
Sh18,355.54
0.1000% / 0.1000%
Yes
Bybit
Sh18,325.8
0.1000% / 0.1000%
Yes
KuCoin
Sh18,370.41
0.1000% / 0.1000%
Yes
Last updated 2024/04/17 22:00:26(UTC+0)

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

THORChain to Ugandan Shilling is falling this week.
THORChain's current market price is Sh 18,374.68 per RUNE, with a total market cap of Sh 6,141,910,540,161.02 UGX based on a circulating supply of 334,259,460 RUNE. The trading volume of THORChain has changed by -10.26% (Sh -147,128,885,854.94 UGX) in the last 24 hours. Last trading day, RUNE's trading volume was Sh 1,433,823,061,940.86.
Market cap
$1.61B
24h volume
$337.52M
Circulating supply
334.26M RUNE

Conversion tables

The exchange rate of THORChain is decreasing.
1 RUNE is currently valued at Sh 18,374.68 UGX , which means buying 5 RUNE will cost Sh 91,873.4 UGX . Similarly, Sh1 UGX can be traded for 0.{4}5442 RUNE, and Sh50 UGX can be converted to 0.002721 RUNE, excluding any platform or gas fees.
The exchange rate of 1 RUNE to Ugandan Shilling has changed by -35.23% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.33%, reaching a high of 19,813.07 UGX and a low of 17,608.29 UGX . One month ago, the value of 1 RUNE was Sh 31,568.61 UGX , which represents a -41.79% change from its current value. Over the last year, THORChain has changed by
+Sh
491.66UGX
, resulting in a change of +184.98% in its value.

RUNE to UGX

Amount
22:03 today
0.5 RUNE
Sh9,187.34
1 RUNE
Sh18,374.68
5 RUNE
Sh91,873.4
10 RUNE
Sh183,746.79
50 RUNE
Sh918,733.95
100 RUNE
Sh1,837,467.9
500 RUNE
Sh9,187,339.51
1000 RUNE
Sh18,374,679.03

UGX to RUNE

Amount22:03 today
0.5UGX0.{4}2721  RUNE
1UGX0.{4}5442  RUNE
5UGX0.0002721  RUNE
10UGX0.0005442  RUNE
50UGX0.002721  RUNE
100UGX0.005442  RUNE
500UGX0.02721  RUNE
1000UGX0.05442  RUNE
share

Today vs. 24 hours ago

Amount22:03 today24 hours ago24h change
0.5 RUNE$2.41$2.57
-6.33%
1 RUNE$4.82$5.15
-6.33%
5 RUNE$24.1$25.73
-6.33%
10 RUNE$48.2$51.46
-6.33%
50 RUNE$241$257.28
-6.33%
100 RUNE$482$514.56
-6.33%
500 RUNE$2,410.01$2,572.82
-6.33%
1000 RUNE$4,820.02$5,145.63
-6.33%

Today vs. 1 month ago

Amount22:03 today1 month ago1M change
0.5 RUNE$2.41$4.14
-41.79%
1 RUNE$4.82$8.28
-41.79%
5 RUNE$24.1$41.41
-41.79%
10 RUNE$48.2$82.81
-41.79%
50 RUNE$241$414.05
-41.79%
100 RUNE$482$828.1
-41.79%
500 RUNE$2,410.01$4,140.52
-41.79%
1000 RUNE$4,820.02$8,281.03
-41.79%

Today vs. 1 year ago

Amount22:03 today1 year ago1Y change
0.5 RUNE$2.41$0.8455
+184.98%
1 RUNE$4.82$1.69
+184.98%
5 RUNE$24.1$8.46
+184.98%
10 RUNE$48.2$16.91
+184.98%
50 RUNE$241$84.55
+184.98%
100 RUNE$482$169.1
+184.98%
500 RUNE$2,410.01$845.52
+184.98%
1000 RUNE$4,820.02$1,691.05
+184.98%

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.