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PAR to UGX Converter and calculator

PAR/UGX: 1 PAR = 8,487.54 UGX. The price of converting 1 Parallel (PAR) to Ugandan shilling (UGX) is 8,487.54 UGX today.
PAR
PAR
UGX
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PAR to UGX real-time exchange rates, making it easy to convert Parallel (PAR) to Ugandan shilling (UGX). The conversion result is based on real-time data. The conversion result shows that 1 PAR is currently valued at 8487.54 UGX. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PAR is currently valued at 8487.54 UGX, which means buying 5 PAR would cost 42437.69 UGX. Similarly, Sh1 UGX can be converted to 0.0001178 PAR, and Sh50 UGX can be converted to 0.0005891 PAR, excluding any platform or gas fees.

Convert PAR to UGX

Convert UGX to PAR

Parallel
Ugandan shilling
10 PAR
84,875.37  UGX
20 PAR
169,750.75  UGX
50 PAR
424,376.87  UGX
100 PAR
848,753.74  UGX
200 PAR
1,697,507.48  UGX
500 PAR
4,243,768.69  UGX
1000 PAR
8,487,537.39  UGX
5000 PAR
42,437,686.94  UGX
10000 PAR
84,875,373.87  UGX
In the table above, you'll find a comprehensive PAR to UGX converter that shows the value of Parallel in Ugandan shilling across commonly used conversion amounts. The list covers conversions from 1 PAR to UGX, all the way up to 10000 PAR, providing a clear view of their respective values.
Ugandan shilling
Parallel
In the table above, you'll find a comprehensive UGX to PAR converter that shows the value of Ugandan shilling in Parallel across commonly used conversion amounts. The list covers conversions from 1 UGX to PAR, all the way up to 100000 UGX, providing a clear view of their respective values.

PAR to UGX chart

PAR/UGX: 1 PAR = 8,487.54 UGX; 2025/04/30 06:22:59
In the past 1D, Parallel has changed +102.90% to UGX. Based on the trend and price charts, Parallel(PAR) has changed +102.90% to UGX while Ugandan shilling(UGX) has changed % to PAR in the last 24 hours.
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PAR to UGX conversion data: Volatility and price changes of Parallel in UGX

The highest Parallel price in UGX over the past 7 days was 8,488.28 UGX while the lowest Parallel price in UGX over the past 7 days was 4,180.02 UGX. The relative change between the highs and lows in Parallel price in UGX over the last 7 days indicates a volatility of %. You can view additional volatility data and PAR to UGX prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
8,488.28 UGX
8,488.28 UGX
9,243.93 UGX
9,243.93 UGX
Low
4,182.15 UGX
4,180.02 UGX
2,942.41 UGX
1,504.55 UGX
Average
0 UGX
0 UGX
0 UGX
0 UGX
Volatility
%
%
%
%
Change
+102.90%
+102.94%
+189.24%
+458.55%

Parallel information

PAR to UGX market statistics

PAR/UGX:
Sh8,487.54
PAR 24h volume:
Sh53,840.06
PAR market cap:
--
PAR circulating supply:
0 PAR

Current PAR to UGX exchange rate

Parallel to Ugandan shilling is rising this week.
Parallel's current market price is Sh8,487.54 per PAR, with a total market cap of Sh0 UGX based on a circulating supply of -- PAR. The trading volume of Parallel has changed by -12.54% (Sh-7,719.23 UGX) in the last 24 hours. Last trading day, PAR's trading volume was Sh61,559.29.

More info about Parallel on Bitget

Ugandan shilling 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 Parallel currency pair is the PAR to UGX, with for Parallel's currency code being PAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

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How to convert PAR to UGX

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PAR to UGX Conversion tables

The exchange rate of Parallel is increasing.
The exchange rate of 1 PAR to Ugandan shilling has changed by +102.94% in the last 7 days. In the last 24 hours, the rate has fluctuated by +102.90%, reaching a high of 8,488.28 UGX and a low of 4,182.15 UGX . One month ago, the value of 1 PAR was Sh2,934.65 UGX , which represents a +189.24% change from its current value. Over the last year, Parallel has changed by
+Sh
1,182.76UGX
, resulting in a change of +133.43% in its value.
24 hours ago1 month ago1 year ago
Amount06:22 am today24 hours ago24h change
0.5 PARSh4,243.77Sh2,091.59
+102.90%
1 PARSh8,487.54Sh4,183.18
+102.90%
5 PARSh42,437.69Sh20,915.88
+102.90%
10 PARSh84,875.37Sh41,831.76
+102.90%
50 PARSh424,376.87Sh209,158.78
+102.90%
100 PARSh848,753.74Sh418,317.56
+102.90%
500 PARSh4,243,768.69Sh2,091,587.79
+102.90%
1000 PARSh8,487,537.39Sh4,183,175.58
+102.90%

PAR to UGX FAQ

How much is 1 Parallel in UGX?
Right now, the price of 1 Parallel (PAR) in Ugandan shilling (UGX) is Sh8,487.54.
How much PAR can I buy for 1 UGX?
Based on the current exchange rate, you can get 0.0001178 PAR for 1 UGX.
How do I calculate or convert PAR to UGX?
You can use our PAR to UGX calculator at the top of this page to convert any amount of PAR to UGX. We've also included quick-reference tables for the most popular conversions. For example, 5 UGX is equivalent to 0.0005891 PAR, while 5 PAR will cost around 42,437.69UGX.
What is the highest price of PAR/UGX in history?
The all-time high price of 1 PAR in UGX is Sh29,374.1. It remains to be seen if the value of 1 PAR/UGX will exceed the current all-time high.
What is the price trend of Parallel in UGX?
Over the past 7 days, the exchange rate of Parallel (PAR) has gone up by 102.94%.   Over the last month, the exchange rate of Parallel (PAR) has gone up by 189.24% against Ugandan shilling (UGX).

What factors influence the conversion rate of PAR to UGX?

There are many factors that affect the relationship between Parallel and Ugandan shilling, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of PAR/UGX. When there is positive news in the market about the widespread adoption of PAR or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PAR/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PAR/UGX.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of PAR/UGX. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Parallel and adjust their investment strategies accordingly in the evolving market.

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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.