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ParaSwap to Kyrgystani Som Converter and calculator

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Convert 1ParaSwap (PSP) to Kyrgystani Som (KGS) equals с 1.55 | Bitget
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KGS
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of ParaSwap(PSP) to Kyrgystani Som(KGS). This is the real-time data. The current conversion shows 1 PSP at a value of 1 PSP for 1.55 KGS . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

KGS information

About Kyrgystani Som (KGS)

The Kyrgyzstani Som, introduced in 1993, is more than just the official currency of Kyrgyzstan; it represents a crucial aspect of the nation's post-Soviet economic and cultural identity. It is commonly abbreviated as KGS and represented by the symbol с. The Som's introduction was a significant step in establishing Kyrgyzstan's monetary independence following the dissolution of the Soviet Union.

Historical Background

The introduction of the Kyrgyzstani Som in May 1993 was a critical event in the nation's history, marking its transition from the Soviet ruble and signifying newfound economic sovereignty. This change was not merely monetary; it symbolized the birth of a new national identity and the start of an independent economic journey.

Design and Symbolism

The design of the Kyrgyzstani Som is a rich tapestry of the country's heritage and aspirations. Banknotes and coins feature prominent historical figures, landmarks, and symbols that reflect Kyrgyzstan’s rich history, culture, and natural landscapes. These designs are a source of national pride and a tool for educating citizens and visitors about the country's legacy.

Economic Role

As Kyrgyzstan's primary medium of exchange, the Som is central to its economy. The country, characterized by its mountainous terrain, has a mixed economic system with key sectors including agriculture, mining, and a growing service sector. The Som facilitates domestic and international transactions, playing a vital role in the nation's economic activities and stability.

Monetary Policy and Inflation

Managed by the National Bank of Kyrgyzstan, the Som has faced challenges such as inflation and fluctuating exchange rates. The central bank's monetary policies aim to stabilize the currency, control inflation, and foster conditions conducive to economic growth and stability.

International Trade and the Kyrgyzstani Som

The Som’s exchange rate plays a significant role in international trade, particularly in dealings with its major trading partners, including Russia and China. A stable and competitive exchange rate is crucial for maintaining healthy trade relationships and attracting foreign investment.

Remittances and Economic Impact

Remittances from Kyrgyz citizens working abroad, especially in Russia and Kazakhstan, are a significant source of foreign income. These funds, converted into Soms, support many households and contribute to the national economy.

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Bitget crypto-to-fiat exchange data shows that the most popular ParaSwap currency pair is the PSP to KGS, with for ParaSwap's currency code being PSP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KGS.

PSP to KGS conversion rate trend

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In the past 1D, ParaSwap has changed -1.06% to KGS. Based on the trend and price charts, ParaSwap(PSP) has changed -1.06% to KGS while Kyrgystani Som(KGS) has changed % to PSP in the last 24 hours.

PSP to KGS market statistics

PSP/KGS:
с 1.55
PSP 24h volume:
с 3,122,267.5
PSP market cap:
с 1,153,567,648.14
PSP circulating supply:
744.98M PSP

Current PSP to KGS exchange rate

ParaSwap to Kyrgystani Som is falling this week.
ParaSwap's current market price is с 1.55 per PSP, with a total market cap of с 1,153,567,648.14 KGS based on a circulating supply of 744,976,900 PSP. The trading volume of ParaSwap has changed by -41.82% (с -2,244,592.66 KGS) in the last 24 hours. Last trading day, PSP's trading volume was с 5,366,860.16.

PSP to KGS Conversion tables

The exchange rate of ParaSwap is decreasing.
1 PSP is currently valued at с 1.55 KGS , which means buying 5 PSP will cost с 7.74 KGS . Similarly, с1 KGS can be traded for 0.6458 PSP, and с50 KGS can be converted to 32.29 PSP, excluding any platform or gas fees.
The exchange rate of 1 PSP to Kyrgystani Som has changed by -16.93% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.06%, reaching a high of 1.6 KGS and a low of 1.55 KGS . One month ago, the value of 1 PSP was с 1.91 KGS , which represents a -19.08% change from its current value. Over the last year, ParaSwap has changed by
-с
3.54KGS
, resulting in a change of -69.58% in its value.

PSP to KGS

Amount
15:58 today
0.5 PSP
с0.7742
1 PSP
с1.55
5 PSP
с7.74
10 PSP
с15.48
50 PSP
с77.42
100 PSP
с154.85
500 PSP
с774.23
1000 PSP
с1,548.46

KGS to PSP

Amount15:58 today
0.5KGS0.3229  PSP
1KGS0.6458  PSP
5KGS3.23  PSP
10KGS6.46  PSP
50KGS32.29  PSP
100KGS64.58  PSP
500KGS322.9  PSP
1000KGS645.8  PSP
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PSP to KGS Today vs. 24 hours ago

Amount15:58 today24 hours ago24h change
0.5 PSPс0.7742с0.7825
-1.06%
1 PSPс1.55с1.57
-1.06%
5 PSPс7.74с7.83
-1.06%
10 PSPс15.48с15.65
-1.06%
50 PSPс77.42с78.25
-1.06%
100 PSPс154.85с156.51
-1.06%
500 PSPс774.23с782.54
-1.06%
1000 PSPс1,548.46с1,565.09
-1.06%

PSP to KGS Today vs. 1 month ago

Amount15:58 today1 month ago1M change
0.5 PSPс0.7742с0.9569
-19.08%
1 PSPс1.55с1.91
-19.08%
5 PSPс7.74с9.57
-19.08%
10 PSPс15.48с19.14
-19.08%
50 PSPс77.42с95.69
-19.08%
100 PSPс154.85с191.38
-19.08%
500 PSPс774.23с956.88
-19.08%
1000 PSPс1,548.46с1,913.76
-19.08%

PSP to KGS Today vs. 1 year ago

Amount15:58 today1 year ago1Y change
0.5 PSPс0.7742с2.55
-69.58%
1 PSPс1.55с5.09
-69.58%
5 PSPс7.74с25.46
-69.58%
10 PSPс15.48с50.92
-69.58%
50 PSPс77.42с254.6
-69.58%
100 PSPс154.85с509.21
-69.58%
500 PSPс774.23с2,546.04
-69.58%
1000 PSPс1,548.46с5,092.07
-69.58%

How to convert PSP to KGS

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Convert PSP to KGS
Use a variety of payment options to buy ParaSwap on Bitget. We'll show you how.

Buy PSP (or USDT) for KGS (Kyrgystani Som) offers

Bitget P2P trading does not currently support direct buying of PSP with KGS. However, you can buy USDT in Bitget P2P trading first, and then buy PSP with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Sell PSP (or USDT) for KGS (Kyrgystani Som) offers

Bitget P2P trading currently does not support direct selling of PSP to KGS. However, you can first exchange PSP for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of PSP to KGS?

There are many factors that affect the relationship between ParaSwap and Kyrgystani Som, 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 PSP/KGS. When there is positive news in the market about the widespread adoption of PSP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PSP/KGS. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PSP/KGS.
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.
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 PSP/KGS. 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 ParaSwap and adjust their investment strategies accordingly in the evolving market.

ParaSwap price prediction

What will the price of PSP be in 2026?

Based on PSP's historical price performance prediction model, the price of PSP is projected to reach $0.01621 in 2026.

What will the price of PSP be in 2031?

In 2031, the PSP price is expected to change by +33.00%. By the end of 2031, the PSP price is projected to reach $0.03079, with a cumulative ROI of +71.27%.

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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 ParaSwap and KGS.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as ParaSwap and KGS. 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 ParaSwap in KGS, 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.