REEF
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 Reef(REEF) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 REEF at a value of 1 REEF for 5.27 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 Reef currency pair is the REEF to UGX, with for Reef's currency code being REEF. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
REEF to UGX conversion rate trend
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In the past 1D, Reef has changed +10.78% to UGX. Based on the trend and price charts, Reef(REEF) has changed +10.78% to UGX while Ugandan Shilling(UGX) has changed % to REEF in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh5.55 | 0.0200% / 0.0320%  VIP 7 | |
Binance | Sh2.53 | 0.1000% / 0.1000% | Yes |
Huobi | Sh5.56 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh5.57 | 0.1000% / 0.1000% | Yes |
KuCoin | Sh5.57 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/10 08:00:16(UTC+0)
How to buy Reef
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Buy Reef (REEF)
Use a variety of payment options to buy Reef on Bitget. We'll show you how.
Buy REEF (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of REEF with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy REEF with USDT via Bitget spot market.
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Sell REEF (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of REEF to UGX. However, you can first exchange REEF for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of Reef to Ugandan Shilling?
Reef to Ugandan Shilling is rising this week.Reef's current market price is Sh 5.27 per REEF, with a total market cap of Sh 120,216,860,238.98 UGX based on a circulating supply of 22,821,409,000 REEF. The trading volume of Reef has changed by +50.23% (Sh 9,445,545,494.3 UGX) in the last 24 hours. Last trading day, REEF's trading volume was Sh 18,803,878,599.66.
Market cap
$32.66M
24h volume
$7.67M
Circulating supply
22.82B REEF
Conversion tables
The exchange rate of Reef is decreasing.1 REEF is currently valued at Sh 5.27 UGX , which means buying 5 REEF will cost Sh 26.34 UGX . Similarly, Sh1 UGX can be traded for 0.1898 REEF, and Sh50 UGX can be converted to 9.49 REEF, excluding any platform or gas fees.
The exchange rate of 1 REEF to Ugandan Shilling has changed by +12.04% in the last 7 days. In the last 24 hours, the rate has fluctuated by +10.78%, reaching a high of 5.6 UGX and a low of 4.76 UGX . One month ago, the value of 1 REEF was Sh 26.95 UGX , which represents a -80.37% change from its current value. Over the last year, Reef has changed by , resulting in a change of -15.42% in its value.
-Sh
0.9653UGXREEF to UGX
Amount
09:24 am today
0.5 REEF
Sh2.63
1 REEF
Sh5.27
5 REEF
Sh26.34
10 REEF
Sh52.68
50 REEF
Sh263.39
100 REEF
Sh526.77
500 REEF
Sh2,633.86
1000 REEF
Sh5,267.72
UGX to REEF
Amount09:24 am today
0.5UGX0.09492 REEF
1UGX0.1898 REEF
5UGX0.9492 REEF
10UGX1.9 REEF
50UGX9.49 REEF
100UGX18.98 REEF
500UGX94.92 REEF
1000UGX189.84 REEF
Today vs. 24 hours ago
| Amount | 09:24 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 REEF | $0.0007156 | $0.0006456 | +10.78% |
| 1 REEF | $0.001431 | $0.001291 | +10.78% |
| 5 REEF | $0.007156 | $0.006456 | +10.78% |
| 10 REEF | $0.01431 | $0.01291 | +10.78% |
| 50 REEF | $0.07156 | $0.06456 | +10.78% |
| 100 REEF | $0.1431 | $0.1291 | +10.78% |
| 500 REEF | $0.7156 | $0.6456 | +10.78% |
| 1000 REEF | $1.43 | $1.29 | +10.78% |
Today vs. 1 month ago
| Amount | 09:24 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 REEF | $0.0007156 | $0.003661 | -80.37% |
| 1 REEF | $0.001431 | $0.007321 | -80.37% |
| 5 REEF | $0.007156 | $0.03661 | -80.37% |
| 10 REEF | $0.01431 | $0.07321 | -80.37% |
| 50 REEF | $0.07156 | $0.3661 | -80.37% |
| 100 REEF | $0.1431 | $0.7321 | -80.37% |
| 500 REEF | $0.7156 | $3.66 | -80.37% |
| 1000 REEF | $1.43 | $7.32 | -80.37% |
Today vs. 1 year ago
| Amount | 09:24 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 REEF | $0.0007156 | $0.0008467 | -15.42% |
| 1 REEF | $0.001431 | $0.001693 | -15.42% |
| 5 REEF | $0.007156 | $0.008467 | -15.42% |
| 10 REEF | $0.01431 | $0.01693 | -15.42% |
| 50 REEF | $0.07156 | $0.08467 | -15.42% |
| 100 REEF | $0.1431 | $0.1693 | -15.42% |
| 500 REEF | $0.7156 | $0.8467 | -15.42% |
| 1000 REEF | $1.43 | $1.69 | -15.42% |
Reef price prediction
What will the price of REEF be in 2025?
Based on REEF's historical price performance prediction model, the price of REEF is projected to reach $0.001547 in 2025.
What will the price of REEF be in 2030?
In 2030, the REEF price is expected to change by +2.00%. By the end of 2030, the REEF price is projected to reach $0.002052, with a cumulative ROI of +71.52%.
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Popular Reef conversions
Check out these popular currency conversions of Reef to several fiat currencies.
Reef to USD
1 REEF to $ 0.001431 USD
Reef to GBP
1 REEF to £ 0.001108 GBP
Reef to EUR
1 REEF to € 0.001335 EUR
Reef to KRW
1 REEF to ₩ 2 KRW
Reef to CAD
1 REEF to $ 0.001991 CAD
Reef to AUD
1 REEF to $ 0.002175 AUD
Reef to JPY
1 REEF to ¥ 0.2185 JPY
Reef to BRL
1 REEF to R$ 0.008212 BRL
Reef to CNY
1 REEF to ¥ 0.01027 CNY
Reef to TWD
1 REEF to NT$ 0.04616 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Reef.
Bitcoin to UGX
1 BTC to Sh 291,728,322.34 UGX
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Cardano to UGX
1 ADA to Sh 2,126.3 UGX
Hamster Kombat to UGX
1 HMSTR to Sh -- UGX
Shiba Inu to UGX
1 SHIB to Sh 0.08315 UGX
Grass to UGX
1 GRASS to Sh -- UGX
Dogecoin to UGX
1 DOGE to Sh 844.18 UGX
Drift to UGX
1 DRIFT to Sh 6,355.85 UGX
Pepe to UGX
1 PEPE to Sh 0.04288 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 Reef 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 Reef 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 Reef 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.
