FRAX
UGX
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Frax(FRAX) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 FRAX at a value of 1 FRAX for 3,677.32 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.
Bitget crypto-to-fiat exchange data shows that the most popular Frax currency pair is the FRAX to UGX, with for Frax's currency code being FRAX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
FRAX to UGX conversion rate trend
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In the past 1D, Frax has changed +0.01% to UGX. Based on the trend and price charts, Frax(FRAX) has changed +0.01% to UGX while Ugandan Shilling(UGX) has changed % to FRAX in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh3,677.96 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | Sh3,637.14 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/23 16:00:21(UTC+0)
How to buy Frax
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Frax (FRAX)
Use a variety of payment options to buy Frax on Bitget. We'll show you how.
Buy FRAX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of FRAX with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy FRAX with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell FRAX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of FRAX to UGX. However, you can first exchange FRAX for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of Frax to Ugandan Shilling?
Frax to Ugandan Shilling is falling this week.Frax's current market price is Sh 3,677.32 per FRAX, with a total market cap of Sh 2,388,171,666,719.79 UGX based on a circulating supply of 649,433,400 FRAX. The trading volume of Frax has changed by +65.98% (Sh 41,801,397,204.45 UGX) in the last 24 hours. Last trading day, FRAX's trading volume was Sh 63,356,473,139.5.
Market cap
$646.50M
24h volume
$28.47M
Circulating supply
649.43M FRAX
Conversion tables
The exchange rate of Frax is decreasing.1 FRAX is currently valued at Sh 3,677.32 UGX , which means buying 5 FRAX will cost Sh 18,386.58 UGX . Similarly, Sh1 UGX can be traded for 0.0002719 FRAX, and Sh50 UGX can be converted to 0.01360 FRAX, excluding any platform or gas fees.
The exchange rate of 1 FRAX to Ugandan Shilling has changed by -0.11% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 3,681.8 UGX and a low of 3,675.73 UGX . One month ago, the value of 1 FRAX was Sh 3,682.92 UGX , which represents a -0.15% change from its current value. Over the last year, Frax has changed by , resulting in a change of -0.36% in its value.
-Sh
13.38UGXFRAX to UGX
Amount
20:14 today
0.5 FRAX
Sh1,838.66
1 FRAX
Sh3,677.32
5 FRAX
Sh18,386.58
10 FRAX
Sh36,773.15
50 FRAX
Sh183,865.77
100 FRAX
Sh367,731.54
500 FRAX
Sh1,838,657.72
1000 FRAX
Sh3,677,315.43
UGX to FRAX
Amount20:14 today
0.5UGX0.0001360 FRAX
1UGX0.0002719 FRAX
5UGX0.001360 FRAX
10UGX0.002719 FRAX
50UGX0.01360 FRAX
100UGX0.02719 FRAX
500UGX0.1360 FRAX
1000UGX0.2719 FRAX
Today vs. 24 hours ago
| Amount | 20:14 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 FRAX | $0.4977 | $0.4977 | +0.01% |
| 1 FRAX | $0.9955 | $0.9954 | +0.01% |
| 5 FRAX | $4.98 | $4.98 | +0.01% |
| 10 FRAX | $9.95 | $9.95 | +0.01% |
| 50 FRAX | $49.77 | $49.77 | +0.01% |
| 100 FRAX | $99.55 | $99.54 | +0.01% |
| 500 FRAX | $497.74 | $497.69 | +0.01% |
| 1000 FRAX | $995.48 | $995.38 | +0.01% |
Today vs. 1 month ago
| Amount | 20:14 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 FRAX | $0.4977 | $0.4985 | -0.15% |
| 1 FRAX | $0.9955 | $0.9970 | -0.15% |
| 5 FRAX | $4.98 | $4.98 | -0.15% |
| 10 FRAX | $9.95 | $9.97 | -0.15% |
| 50 FRAX | $49.77 | $49.85 | -0.15% |
| 100 FRAX | $99.55 | $99.7 | -0.15% |
| 500 FRAX | $497.74 | $498.5 | -0.15% |
| 1000 FRAX | $995.48 | $996.99 | -0.15% |
Today vs. 1 year ago
| Amount | 20:14 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 FRAX | $0.4977 | $0.4995 | -0.36% |
| 1 FRAX | $0.9955 | $0.9991 | -0.36% |
| 5 FRAX | $4.98 | $5 | -0.36% |
| 10 FRAX | $9.95 | $9.99 | -0.36% |
| 50 FRAX | $49.77 | $49.95 | -0.36% |
| 100 FRAX | $99.55 | $99.91 | -0.36% |
| 500 FRAX | $497.74 | $499.55 | -0.36% |
| 1000 FRAX | $995.48 | $999.1 | -0.36% |
Frax price prediction
What will the price of FRAX be in 2025?
Based on FRAX's historical price performance prediction model, the price of FRAX is projected to reach $1.12 in 2025.
What will the price of FRAX be in 2030?
In 2030, the FRAX price is expected to change by +8.00%. By the end of 2030, the FRAX price is projected to reach $2.09, with a cumulative ROI of +110.23%.
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Popular Frax conversions
Check out these popular currency conversions of Frax to several fiat currencies.
Frax to USD
1 FRAX to $ 0.9955 USD
Frax to GBP
1 FRAX to £ 0.7944 GBP
Frax to EUR
1 FRAX to € 0.9555 EUR
Frax to KRW
1 FRAX to ₩ 1,398.16 KRW
Frax to CAD
1 FRAX to $ 1.4 CAD
Frax to AUD
1 FRAX to $ 1.53 AUD
Frax to JPY
1 FRAX to ¥ 154.07 JPY
Frax to BRL
1 FRAX to R$ 5.77 BRL
Frax to CNY
1 FRAX to ¥ 7.22 CNY
Frax to TWD
1 FRAX to NT$ 32.44 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Frax.
Bitcoin to UGX
1 BTC to Sh 360,125,617.55 UGX
EGO to UGX
1 EGO to Sh 77.5 UGX
Evan to UGX
1 EVAN to Sh 100.44 UGX
MAD to UGX
1 MAD to Sh 0.1363 UGX
Dogecoin to UGX
1 DOGE to Sh 1,559.5 UGX
Stellar to UGX
1 XLM to Sh 1,848.05 UGX
Hedera to UGX
1 HBAR to Sh 574.17 UGX
Sui to UGX
1 SUI to Sh 12,588.13 UGX
Algorand to UGX
1 ALGO to Sh 1,066.61 UGX
VeChain to UGX
1 VET to Sh 155.07 UGX
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Frax and UGX.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Frax and UGX. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Frax in UGX, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.
