BYN
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 NBX(BYN) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 BYN at a value of 1 BYN for 4.76 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 NBX currency pair is the BYN to UGX, with for NBX's currency code being BYN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
BYN to UGX conversion rate trend
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In the past 1D, NBX has changed +1.05% to UGX. Based on the trend and price charts, NBX(BYN) has changed +1.05% to UGX while Ugandan Shilling(UGX) has changed % to BYN in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh4.59 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | Sh5.02 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/18 08:00:16(UTC+0)
How to buy NBX
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 NBX (BYN)
Use a variety of payment options to buy NBX on Bitget. We'll show you how.
Buy BYN (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of BYN with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy BYN 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 BYN (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of BYN to UGX. However, you can first exchange BYN 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 NBX to Ugandan Shilling?
NBX to Ugandan Shilling is rising this week.NBX's current market price is Sh 4.76 per BYN, with a total market cap of Sh 42,215,090.04 UGX based on a circulating supply of 8,863,175 BYN. The trading volume of NBX has changed by -5.04% (Sh -35,053,189.95 UGX) in the last 24 hours. Last trading day, BYN's trading volume was Sh 695,223,918.15.
Market cap
$11.60K
24h volume
$181.35K
Circulating supply
8.86M BYN
Conversion tables
The exchange rate of NBX is increasing.1 BYN is currently valued at Sh 4.76 UGX , which means buying 5 BYN will cost Sh 23.81 UGX . Similarly, Sh1 UGX can be traded for 0.2100 BYN, and Sh50 UGX can be converted to 10.5 BYN, excluding any platform or gas fees.
The exchange rate of 1 BYN to Ugandan Shilling has changed by +15.57% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.05%, reaching a high of 4.8 UGX and a low of 4.55 UGX . One month ago, the value of 1 BYN was Sh 4.3 UGX , which represents a +10.71% change from its current value. Over the last year, NBX has changed by , resulting in a change of -64.46% in its value.
-Sh
8.64UGXBYN to UGX
Amount
13:59 today
0.5 BYN
Sh2.38
1 BYN
Sh4.76
5 BYN
Sh23.81
10 BYN
Sh47.63
50 BYN
Sh238.15
100 BYN
Sh476.3
500 BYN
Sh2,381.49
1000 BYN
Sh4,762.98
UGX to BYN
Amount13:59 today
0.5UGX0.1050 BYN
1UGX0.2100 BYN
5UGX1.05 BYN
10UGX2.1 BYN
50UGX10.5 BYN
100UGX21 BYN
500UGX104.98 BYN
1000UGX209.95 BYN
Today vs. 24 hours ago
| Amount | 13:59 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BYN | $0.0006542 | $0.0006474 | +1.05% |
| 1 BYN | $0.001308 | $0.001295 | +1.05% |
| 5 BYN | $0.006542 | $0.006474 | +1.05% |
| 10 BYN | $0.01308 | $0.01295 | +1.05% |
| 50 BYN | $0.06542 | $0.06474 | +1.05% |
| 100 BYN | $0.1308 | $0.1295 | +1.05% |
| 500 BYN | $0.6542 | $0.6474 | +1.05% |
| 1000 BYN | $1.31 | $1.29 | +1.05% |
Today vs. 1 month ago
| Amount | 13:59 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BYN | $0.0006542 | $0.0005909 | +10.71% |
| 1 BYN | $0.001308 | $0.001182 | +10.71% |
| 5 BYN | $0.006542 | $0.005909 | +10.71% |
| 10 BYN | $0.01308 | $0.01182 | +10.71% |
| 50 BYN | $0.06542 | $0.05909 | +10.71% |
| 100 BYN | $0.1308 | $0.1182 | +10.71% |
| 500 BYN | $0.6542 | $0.5909 | +10.71% |
| 1000 BYN | $1.31 | $1.18 | +10.71% |
Today vs. 1 year ago
| Amount | 13:59 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BYN | $0.0006542 | $0.001842 | -64.46% |
| 1 BYN | $0.001308 | $0.003683 | -64.46% |
| 5 BYN | $0.006542 | $0.01842 | -64.46% |
| 10 BYN | $0.01308 | $0.03683 | -64.46% |
| 50 BYN | $0.06542 | $0.1842 | -64.46% |
| 100 BYN | $0.1308 | $0.3683 | -64.46% |
| 500 BYN | $0.6542 | $1.84 | -64.46% |
| 1000 BYN | $1.31 | $3.68 | -64.46% |
NBX price prediction
What will the price of BYN be in 2025?
Based on BYN's historical price performance prediction model, the price of BYN is projected to reach $0.002209 in 2025.
What will the price of BYN be in 2030?
In 2030, the BYN price is expected to change by -3.00%. By the end of 2030, the BYN price is projected to reach $0.005711, with a cumulative ROI of +329.29%.
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Popular NBX conversions
Check out these popular currency conversions of NBX to several fiat currencies.
NBX to USD
1 BYN to $ 0.001308 USD
NBX to GBP
1 BYN to £ 0.001029 GBP
NBX to EUR
1 BYN to € 0.001247 EUR
NBX to KRW
1 BYN to ₩ 1.88 KRW
NBX to CAD
1 BYN to $ 0.001873 CAD
NBX to AUD
1 BYN to $ 0.002069 AUD
NBX to JPY
1 BYN to ¥ 0.2014 JPY
NBX to BRL
1 BYN to R$ 0.008043 BRL
NBX to CNY
1 BYN to ¥ 0.009537 CNY
NBX to TWD
1 BYN to NT$ 0.04256 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in NBX.
Solana to UGX
1 SOL to Sh 789,026.99 UGX
Litecoin to UGX
1 LTC to Sh 426,798.93 UGX
XRP to UGX
1 XRP to Sh 9,230.03 UGX
Hedera to UGX
1 HBAR to Sh 1,077.7 UGX
Dogecoin to UGX
1 DOGE to Sh 1,398.63 UGX
BNB to UGX
1 BNB to Sh 2,602,533.7 UGX
Stellar to UGX
1 XLM to Sh 1,572.25 UGX
NEAR Protocol to UGX
1 NEAR to Sh 22,695.12 UGX
Bonk to UGX
1 BONK to Sh 0.1231 UGX
Bitget Token to UGX
1 BGB to Sh 16,147.45 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 NBX 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 NBX 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 NBX 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.
