RENEC
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 RENEC(RENEC) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 RENEC at a value of 1 RENEC for 850.47 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 RENEC currency pair is the RENEC to UGX, with for RENEC's currency code being RENEC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
RENEC to UGX conversion rate trend
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In the past 1D, RENEC has changed -1.34% to UGX. Based on the trend and price charts, RENEC(RENEC) has changed -1.34% to UGX while Ugandan Shilling(UGX) has changed % to RENEC in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh870.21 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/22 16:30:46(UTC+0)
How to buy RENEC
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Buy RENEC (RENEC)
Use a variety of payment options to buy RENEC on Bitget. We'll show you how.
Buy RENEC (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of RENEC with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy RENEC with USDT via Bitget spot market.
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Sell RENEC (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of RENEC to UGX. However, you can first exchange RENEC 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 RENEC to Ugandan Shilling?
RENEC to Ugandan Shilling is falling this week.RENEC's current market price is Sh 850.47 per RENEC, with a total market cap of Sh 30,527,681,455.13 UGX based on a circulating supply of 35,895,004 RENEC. The trading volume of RENEC has changed by -45.43% (Sh -3,206,457.56 UGX) in the last 24 hours. Last trading day, RENEC's trading volume was Sh 7,057,334.45.
Market cap
$8.36M
24h volume
$1.05K
Circulating supply
35.90M RENEC
Conversion tables
The exchange rate of RENEC is increasing.1 RENEC is currently valued at Sh 850.47 UGX , which means buying 5 RENEC will cost Sh 4,252.36 UGX . Similarly, Sh1 UGX can be traded for 0.001176 RENEC, and Sh50 UGX can be converted to 0.05879 RENEC, excluding any platform or gas fees.
The exchange rate of 1 RENEC to Ugandan Shilling has changed by -14.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.34%, reaching a high of 872.21 UGX and a low of 843.66 UGX . One month ago, the value of 1 RENEC was Sh 730.71 UGX , which represents a +16.39% change from its current value. Over the last year, RENEC has changed by , resulting in a change of -31.33% in its value.
-Sh
388.07UGXRENEC to UGX
Amount
19:34 today
0.5 RENEC
Sh425.24
1 RENEC
Sh850.47
5 RENEC
Sh4,252.36
10 RENEC
Sh8,504.72
50 RENEC
Sh42,523.58
100 RENEC
Sh85,047.16
500 RENEC
Sh425,235.79
1000 RENEC
Sh850,471.58
UGX to RENEC
Amount19:34 today
0.5UGX0.0005879 RENEC
1UGX0.001176 RENEC
5UGX0.005879 RENEC
10UGX0.01176 RENEC
50UGX0.05879 RENEC
100UGX0.1176 RENEC
500UGX0.5879 RENEC
1000UGX1.18 RENEC
Today vs. 24 hours ago
| Amount | 19:34 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RENEC | $0.1164 | $0.1180 | -1.34% |
| 1 RENEC | $0.2328 | $0.2359 | -1.34% |
| 5 RENEC | $1.16 | $1.18 | -1.34% |
| 10 RENEC | $2.33 | $2.36 | -1.34% |
| 50 RENEC | $11.64 | $11.8 | -1.34% |
| 100 RENEC | $23.28 | $23.59 | -1.34% |
| 500 RENEC | $116.39 | $117.97 | -1.34% |
| 1000 RENEC | $232.78 | $235.94 | -1.34% |
Today vs. 1 month ago
| Amount | 19:34 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RENEC | $0.1164 | $0.10000 | +16.39% |
| 1 RENEC | $0.2328 | $0.2000 | +16.39% |
| 5 RENEC | $1.16 | $1.0000 | +16.39% |
| 10 RENEC | $2.33 | $2 | +16.39% |
| 50 RENEC | $11.64 | $10 | +16.39% |
| 100 RENEC | $23.28 | $20 | +16.39% |
| 500 RENEC | $116.39 | $100 | +16.39% |
| 1000 RENEC | $232.78 | $200 | +16.39% |
Today vs. 1 year ago
| Amount | 19:34 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RENEC | $0.1164 | $0.1695 | -31.33% |
| 1 RENEC | $0.2328 | $0.3390 | -31.33% |
| 5 RENEC | $1.16 | $1.69 | -31.33% |
| 10 RENEC | $2.33 | $3.39 | -31.33% |
| 50 RENEC | $11.64 | $16.95 | -31.33% |
| 100 RENEC | $23.28 | $33.9 | -31.33% |
| 500 RENEC | $116.39 | $169.5 | -31.33% |
| 1000 RENEC | $232.78 | $338.99 | -31.33% |
RENEC price prediction
What will the price of RENEC be in 2025?
Based on RENEC's historical price performance prediction model, the price of RENEC is projected to reach $0.4255 in 2025.
What will the price of RENEC be in 2030?
In 2030, the RENEC price is expected to change by +5.00%. By the end of 2030, the RENEC price is projected to reach $0.7906, with a cumulative ROI of +220.17%.
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Popular RENEC conversions
Check out these popular currency conversions of RENEC to several fiat currencies.
RENEC to USD
1 RENEC to $ 0.2328 USD
RENEC to GBP
1 RENEC to £ 0.1853 GBP
RENEC to EUR
1 RENEC to € 0.2231 EUR
RENEC to KRW
1 RENEC to ₩ 336.69 KRW
RENEC to CAD
1 RENEC to $ 0.3343 CAD
RENEC to AUD
1 RENEC to $ 0.3718 AUD
RENEC to JPY
1 RENEC to ¥ 36.42 JPY
RENEC to BRL
1 RENEC to R$ 1.42 BRL
RENEC to CNY
1 RENEC to ¥ 1.7 CNY
RENEC to TWD
1 RENEC to NT$ 7.6 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in RENEC.
Hive to UGX
1 HIVE to Sh 1,270.26 UGX
Peanut the Squirrel to UGX
1 PNUT to Sh 2,675.14 UGX
BitTorrent [New] to UGX
1 BTT to Sh 0.004104 UGX
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FTX Token to UGX
1 FTT to Sh 10,666.59 UGX
Just a chill guy to UGX
1 CHILLGUY to Sh 691.26 UGX
Shoggoth (shoggoth.monster) to UGX
1 SHOGGOTH to Sh 206.21 UGX
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Steem to UGX
1 STEEM to Sh 821.42 UGX
LUCE to UGX
1 LUCE to Sh 315.5 UGX
IDEX to UGX
1 IDEX to Sh 220.67 UGX
Livepeer to UGX
1 LPT to Sh 57,793.04 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 RENEC 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 RENEC 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 RENEC 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.
