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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.05%
New listings on Bitget: Pi Network
BTC/USDT$83881.01 (+2.16%)Fear and Greed Index28(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$99.8M (1D); -$14.7M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.05%
New listings on Bitget: Pi Network
BTC/USDT$83881.01 (+2.16%)Fear and Greed Index28(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$99.8M (1D); -$14.7M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
SMH
UGX
Last updated as of 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 Spacemesh(SMH) to Ugandan shilling(UGX). This is the real-time data. The current conversion shows 1 SMH at a value of 1 SMH for 134.39 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 Spacemesh currency pair is the SMH to UGX, with for Spacemesh's currency code being SMH. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
SMH to UGX conversion rate trend
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In the past 1D, Spacemesh has changed +2.60% to UGX. Based on the trend and price charts, Spacemesh(SMH) has changed +2.60% to UGX while Ugandan shilling(UGX) has changed % to SMH in the last 24 hours.
SMH to UGX market statistics
SMH/UGX:
Sh 134.39
SMH 24h volume:
Sh 4,255,025,729.66
SMH market cap:
--
SMH circulating supply:
0 SMH
More info about Spacemesh on Bitget
Current SMH to UGX exchange rate
Spacemesh to Ugandan shilling is falling this week.Spacemesh's current market price is Sh 134.39 per SMH, with a total market cap of Sh 0 UGX based on a circulating supply of -- SMH. The trading volume of Spacemesh has changed by +1.83% (Sh 76,410,164.23 UGX) in the last 24 hours. Last trading day, SMH's trading volume was Sh 4,178,615,565.43.
SMH to UGX Conversion tables
The exchange rate of Spacemesh is decreasing.1 SMH is currently valued at Sh 134.39 UGX , which means buying 5 SMH will cost Sh 671.96 UGX . Similarly, Sh1 UGX can be traded for 0.007441 SMH, and Sh50 UGX can be converted to 0.3720 SMH, excluding any platform or gas fees.
The exchange rate of 1 SMH to Ugandan shilling has changed by -13.59% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.60%, reaching a high of 140.58 UGX and a low of 126.97 UGX . One month ago, the value of 1 SMH was Sh 237.24 UGX , which represents a -43.35% change from its current value. Over the last year, Spacemesh has changed by , resulting in a change of -99.00% in its value.
-Sh
13,260.85UGXSMH to UGX
Amount
19:56 today
0.5 SMH
Sh67.2
1 SMH
Sh134.39
5 SMH
Sh671.96
10 SMH
Sh1,343.93
50 SMH
Sh6,719.65
100 SMH
Sh13,439.29
500 SMH
Sh67,196.46
1000 SMH
Sh134,392.91
UGX to SMH
Amount19:56 today
0.5UGX0.003720 SMH
1UGX0.007441 SMH
5UGX0.03720 SMH
10UGX0.07441 SMH
50UGX0.3720 SMH
100UGX0.7441 SMH
500UGX3.72 SMH
1000UGX7.44 SMH
SMH to UGX Today vs. 24 hours ago
| Amount | 19:56 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SMH | Sh67.2 | Sh65.5 | +2.60% |
| 1 SMH | Sh134.39 | Sh130.99 | +2.60% |
| 5 SMH | Sh671.96 | Sh654.96 | +2.60% |
| 10 SMH | Sh1,343.93 | Sh1,309.92 | +2.60% |
| 50 SMH | Sh6,719.65 | Sh6,549.61 | +2.60% |
| 100 SMH | Sh13,439.29 | Sh13,099.22 | +2.60% |
| 500 SMH | Sh67,196.46 | Sh65,496.1 | +2.60% |
| 1000 SMH | Sh134,392.91 | Sh130,992.19 | +2.60% |
SMH to UGX Today vs. 1 month ago
| Amount | 19:56 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SMH | Sh67.2 | Sh118.62 | -43.35% |
| 1 SMH | Sh134.39 | Sh237.24 | -43.35% |
| 5 SMH | Sh671.96 | Sh1,186.21 | -43.35% |
| 10 SMH | Sh1,343.93 | Sh2,372.41 | -43.35% |
| 50 SMH | Sh6,719.65 | Sh11,862.06 | -43.35% |
| 100 SMH | Sh13,439.29 | Sh23,724.13 | -43.35% |
| 500 SMH | Sh67,196.46 | Sh118,620.63 | -43.35% |
| 1000 SMH | Sh134,392.91 | Sh237,241.26 | -43.35% |
SMH to UGX Today vs. 1 year ago
| Amount | 19:56 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SMH | Sh67.2 | Sh6,697.62 | -99.00% |
| 1 SMH | Sh134.39 | Sh13,395.25 | -99.00% |
| 5 SMH | Sh671.96 | Sh66,976.23 | -99.00% |
| 10 SMH | Sh1,343.93 | Sh133,952.47 | -99.00% |
| 50 SMH | Sh6,719.65 | Sh669,762.35 | -99.00% |
| 100 SMH | Sh13,439.29 | Sh1,339,524.69 | -99.00% |
| 500 SMH | Sh67,196.46 | Sh6,697,623.45 | -99.00% |
| 1000 SMH | Sh134,392.91 | Sh13,395,246.91 | -99.00% |
How to convert SMH to UGX
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.
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert SMH to UGX
Use a variety of payment options to buy Spacemesh on Bitget. We'll show you how.
Buy SMH (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of SMH with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy SMH with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell SMH (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of SMH to UGX. However, you can first exchange SMH 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 SMH to UGX?
There are many factors that affect the relationship between Spacemesh 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 SMH/UGX. When there is positive news in the market about the widespread adoption of SMH or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SMH/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SMH/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.
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 SMH/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 Spacemesh and adjust their investment strategies accordingly in the evolving market.
Spacemesh price prediction
What will the price of SMH be in 2026?
Based on SMH's historical price performance prediction model, the price of SMH is projected to reach $0.06653 in 2026.
What will the price of SMH be in 2031?
In 2031, the SMH price is expected to change by +5.00%. By the end of 2031, the SMH price is projected to reach $0.08316, with a cumulative ROI of +128.25%.
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Popular Spacemesh Converter
Check out these popular currency conversions of Spacemesh to several fiat currencies.
SMH to UGX
1 SMH to Sh 134.39 UGX
SMH to TWD
1 SMH to NT$ 1.23 TWD
SMH to CNY
1 SMH to ¥ 0.2687 CNY
SMH to USD
1 SMH to $ 0.03688 USD
SMH to EUR
1 SMH to € 0.03370 EUR
SMH to CAD
1 SMH to $ 0.05248 CAD
SMH to KRW
1 SMH to ₩ 53.83 KRW
SMH to JPY
1 SMH to ¥ 5.41 JPY
SMH to GBP
1 SMH to £ 0.02865 GBP
SMH to BRL
1 SMH to R$ 0.2143 BRL
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Spacemesh.
PI to UGX
1 PI to Sh 1,919.63 UGX
FIL to UGX
1 FIL to Sh 10,119.21 UGX
ATOM to UGX
1 ATOM to Sh 18,153.93 UGX
USUAL to UGX
1 USUAL to Sh 475.06 UGX
BTC to UGX
1 BTC to Sh 306,868,252.71 UGX
CRTS to UGX
1 CRTS to Sh 1.22 UGX
ZRO to UGX
1 ZRO to Sh 11,030.58 UGX
VIDT to UGX
1 VIDT to Sh 98.95 UGX
AMP to UGX
1 AMP to Sh 13.57 UGX
BERA to UGX
1 BERA to Sh 21,003.61 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 Spacemesh 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 Spacemesh 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 Spacemesh 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.
