ROOT
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 The Root Network(ROOT) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 ROOT at a value of 1 ROOT for 116.22 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 The Root Network currency pair is the ROOT to UGX, with for The Root Network's currency code being ROOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
ROOT to UGX conversion rate trend
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In the past 1D, The Root Network has changed +0.06% to UGX. Based on the trend and price charts, The Root Network(ROOT) has changed +0.06% to UGX while Ugandan Shilling(UGX) has changed % to ROOT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh112.46 | 0.0200% / 0.0320%  VIP 7 | |
Huobi | Sh113.04 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh113.26 | 0.1000% / 0.1000% | Yes |
Bybit | Sh112.93 | 0.1000% / 0.1000% | Yes |
KuCoin | Sh112.79 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 16:00:15(UTC+0)
How to buy The Root Network
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Buy The Root Network (ROOT)
Use a variety of payment options to buy The Root Network on Bitget. We'll show you how.
Learn MoreBuy ROOT (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of ROOT with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy ROOT 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 ROOT (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of ROOT to UGX. However, you can first exchange ROOT 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 The Root Network to Ugandan Shilling?
The Root Network to Ugandan Shilling is falling this week.The Root Network's current market price is Sh 116.22 per ROOT, with a total market cap of Sh 168,153,311,424.86 UGX based on a circulating supply of 1,446,820,500 ROOT. The trading volume of The Root Network has changed by -34.27% (Sh -7,429,435,439.31 UGX) in the last 24 hours. Last trading day, ROOT's trading volume was Sh 21,678,047,599.94.
Market cap
$46.02M
24h volume
$3.90M
Circulating supply
1.45B ROOT
Conversion tables
The exchange rate of The Root Network is decreasing.1 ROOT is currently valued at Sh 116.22 UGX , which means buying 5 ROOT will cost Sh 581.11 UGX . Similarly, Sh1 UGX can be traded for 0.008604 ROOT, and Sh50 UGX can be converted to 0.4302 ROOT, excluding any platform or gas fees.
The exchange rate of 1 ROOT to Ugandan Shilling has changed by -21.73% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.06%, reaching a high of 121.93 UGX and a low of 111.9 UGX . One month ago, the value of 1 ROOT was Sh 126.96 UGX , which represents a -8.54% change from its current value. Over the last year, The Root Network has changed by , resulting in a change of -29.13% in its value.
-Sh
47.29UGXROOT to UGX
Amount
20:50 today
0.5 ROOT
Sh58.11
1 ROOT
Sh116.22
5 ROOT
Sh581.11
10 ROOT
Sh1,162.23
50 ROOT
Sh5,811.13
100 ROOT
Sh11,622.27
500 ROOT
Sh58,111.33
1000 ROOT
Sh116,222.65
UGX to ROOT
Amount20:50 today
0.5UGX0.004302 ROOT
1UGX0.008604 ROOT
5UGX0.04302 ROOT
10UGX0.08604 ROOT
50UGX0.4302 ROOT
100UGX0.8604 ROOT
500UGX4.3 ROOT
1000UGX8.6 ROOT
Today vs. 24 hours ago
| Amount | 20:50 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ROOT | $0.01591 | $0.01590 | +0.06% |
| 1 ROOT | $0.03181 | $0.03179 | +0.06% |
| 5 ROOT | $0.1591 | $0.1590 | +0.06% |
| 10 ROOT | $0.3181 | $0.3179 | +0.06% |
| 50 ROOT | $1.59 | $1.59 | +0.06% |
| 100 ROOT | $3.18 | $3.18 | +0.06% |
| 500 ROOT | $15.91 | $15.9 | +0.06% |
| 1000 ROOT | $31.81 | $31.79 | +0.06% |
Today vs. 1 month ago
| Amount | 20:50 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ROOT | $0.01591 | $0.01737 | -8.54% |
| 1 ROOT | $0.03181 | $0.03475 | -8.54% |
| 5 ROOT | $0.1591 | $0.1737 | -8.54% |
| 10 ROOT | $0.3181 | $0.3475 | -8.54% |
| 50 ROOT | $1.59 | $1.74 | -8.54% |
| 100 ROOT | $3.18 | $3.47 | -8.54% |
| 500 ROOT | $15.91 | $17.37 | -8.54% |
| 1000 ROOT | $31.81 | $34.75 | -8.54% |
Today vs. 1 year ago
| Amount | 20:50 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ROOT | $0.01591 | $0.02238 | -29.13% |
| 1 ROOT | $0.03181 | $0.04475 | -29.13% |
| 5 ROOT | $0.1591 | $0.2238 | -29.13% |
| 10 ROOT | $0.3181 | $0.4475 | -29.13% |
| 50 ROOT | $1.59 | $2.24 | -29.13% |
| 100 ROOT | $3.18 | $4.48 | -29.13% |
| 500 ROOT | $15.91 | $22.38 | -29.13% |
| 1000 ROOT | $31.81 | $44.75 | -29.13% |
The Root Network price prediction
What will the price of ROOT be in 2025?
Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.04309 in 2025.
What will the price of ROOT be in 2030?
In 2030, the ROOT price is expected to change by -16.00%. By the end of 2030, the ROOT price is projected to reach $0.05327, with a cumulative ROI of +84.95%.
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Popular The Root Network conversions
Check out these popular currency conversions of The Root Network to several fiat currencies.
The Root Network to USD
1 ROOT to $ 0.03181 USD
The Root Network to GBP
1 ROOT to £ 0.02532 GBP
The Root Network to EUR
1 ROOT to € 0.03049 EUR
The Root Network to KRW
1 ROOT to ₩ 46.01 KRW
The Root Network to CAD
1 ROOT to $ 0.04568 CAD
The Root Network to AUD
1 ROOT to $ 0.05080 AUD
The Root Network to JPY
1 ROOT to ¥ 4.98 JPY
The Root Network to BRL
1 ROOT to R$ 0.1936 BRL
The Root Network to CNY
1 ROOT to ¥ 0.2321 CNY
The Root Network to TWD
1 ROOT to NT$ 1.04 TWD
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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 The Root Network 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 The Root Network 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 The Root Network 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.
