NKN
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 NKN(NKN) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 NKN at a value of 1 NKN for 334.07 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 NKN currency pair is the NKN to UGX, with for NKN's currency code being NKN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
NKN to UGX conversion rate trend
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In the past 1D, NKN has changed -8.36% to UGX. Based on the trend and price charts, NKN(NKN) has changed -8.36% to UGX while Ugandan Shilling(UGX) has changed % to NKN in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh334.56 | 0.0200% / 0.0320%  VIP 7 | |
Binance | Sh335.04 | 0.1000% / 0.1000% | Yes |
Huobi | Sh334.3 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh333.94 | 0.1000% / 0.1000% | Yes |
KuCoin | Sh333.57 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 00:00:28(UTC+0)
How to buy NKN
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 NKN (NKN)
Use a variety of payment options to buy NKN on Bitget. We'll show you how.
Buy NKN (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of NKN with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy NKN with USDT via Bitget spot market.
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Sell NKN (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of NKN to UGX. However, you can first exchange NKN 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 NKN to Ugandan Shilling?
NKN to Ugandan Shilling is falling this week.NKN's current market price is Sh 334.07 per NKN, with a total market cap of Sh 261,337,619,525.54 UGX based on a circulating supply of 782,282,240 NKN. The trading volume of NKN has changed by -36.71% (Sh -18,259,272,138.39 UGX) in the last 24 hours. Last trading day, NKN's trading volume was Sh 49,734,625,881.54.
Market cap
$71.53M
24h volume
$8.61M
Circulating supply
782.28M NKN
Conversion tables
The exchange rate of NKN is increasing.1 NKN is currently valued at Sh 334.07 UGX , which means buying 5 NKN will cost Sh 1,670.35 UGX . Similarly, Sh1 UGX can be traded for 0.002993 NKN, and Sh50 UGX can be converted to 0.1497 NKN, excluding any platform or gas fees.
The exchange rate of 1 NKN to Ugandan Shilling has changed by -20.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.36%, reaching a high of 370.82 UGX and a low of 328.19 UGX . One month ago, the value of 1 NKN was Sh 332.06 UGX , which represents a +0.60% change from its current value. Over the last year, NKN has changed by , resulting in a change of -25.36% in its value.
-Sh
113.53UGXNKN to UGX
Amount
06:37 am today
0.5 NKN
Sh167.04
1 NKN
Sh334.07
5 NKN
Sh1,670.35
10 NKN
Sh3,340.71
50 NKN
Sh16,703.54
100 NKN
Sh33,407.08
500 NKN
Sh167,035.38
1000 NKN
Sh334,070.75
UGX to NKN
Amount06:37 am today
0.5UGX0.001497 NKN
1UGX0.002993 NKN
5UGX0.01497 NKN
10UGX0.02993 NKN
50UGX0.1497 NKN
100UGX0.2993 NKN
500UGX1.5 NKN
1000UGX2.99 NKN
Today vs. 24 hours ago
| Amount | 06:37 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 NKN | $0.04572 | $0.04989 | -8.36% |
| 1 NKN | $0.09144 | $0.09978 | -8.36% |
| 5 NKN | $0.4572 | $0.4989 | -8.36% |
| 10 NKN | $0.9144 | $0.9978 | -8.36% |
| 50 NKN | $4.57 | $4.99 | -8.36% |
| 100 NKN | $9.14 | $9.98 | -8.36% |
| 500 NKN | $45.72 | $49.89 | -8.36% |
| 1000 NKN | $91.44 | $99.78 | -8.36% |
Today vs. 1 month ago
| Amount | 06:37 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 NKN | $0.04572 | $0.04544 | +0.60% |
| 1 NKN | $0.09144 | $0.09089 | +0.60% |
| 5 NKN | $0.4572 | $0.4544 | +0.60% |
| 10 NKN | $0.9144 | $0.9089 | +0.60% |
| 50 NKN | $4.57 | $4.54 | +0.60% |
| 100 NKN | $9.14 | $9.09 | +0.60% |
| 500 NKN | $45.72 | $45.44 | +0.60% |
| 1000 NKN | $91.44 | $90.89 | +0.60% |
Today vs. 1 year ago
| Amount | 06:37 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 NKN | $0.04572 | $0.06125 | -25.36% |
| 1 NKN | $0.09144 | $0.1225 | -25.36% |
| 5 NKN | $0.4572 | $0.6125 | -25.36% |
| 10 NKN | $0.9144 | $1.23 | -25.36% |
| 50 NKN | $4.57 | $6.13 | -25.36% |
| 100 NKN | $9.14 | $12.25 | -25.36% |
| 500 NKN | $45.72 | $61.25 | -25.36% |
| 1000 NKN | $91.44 | $122.51 | -25.36% |
NKN price prediction
What will the price of NKN be in 2025?
Based on NKN's historical price performance prediction model, the price of NKN is projected to reach $0.1521 in 2025.
What will the price of NKN be in 2030?
In 2030, the NKN price is expected to change by +4.00%. By the end of 2030, the NKN price is projected to reach $0.2006, with a cumulative ROI of +115.80%.
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Popular NKN conversions
Check out these popular currency conversions of NKN to several fiat currencies.
NKN to USD
1 NKN to $ 0.09144 USD
NKN to GBP
1 NKN to £ 0.07276 GBP
NKN to EUR
1 NKN to € 0.08766 EUR
NKN to KRW
1 NKN to ₩ 132.25 KRW
NKN to CAD
1 NKN to $ 0.1314 CAD
NKN to AUD
1 NKN to $ 0.1463 AUD
NKN to JPY
1 NKN to ¥ 14.3 JPY
NKN to BRL
1 NKN to R$ 0.5565 BRL
NKN to CNY
1 NKN to ¥ 0.6673 CNY
NKN to TWD
1 NKN to NT$ 2.98 TWD
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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 NKN 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 NKN 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 NKN 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.
