UBIT
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 UBIT(UBIT) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 UBIT at a value of 1 UBIT for 250.87 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 UBIT currency pair is the UBIT to UGX, with for UBIT's currency code being UBIT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
UBIT to UGX conversion rate trend
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In the past 1D, UBIT has changed +0.73% to UGX. Based on the trend and price charts, UBIT(UBIT) has changed +0.73% to UGX while Ugandan Shilling(UGX) has changed % to UBIT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh249.89 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/29 08:32:25(UTC+0)
How to buy UBIT
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy UBIT (UBIT)
Use a variety of payment options to buy UBIT on Bitget. We'll show you how.
Buy UBIT (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of UBIT with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy UBIT 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 UBIT (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of UBIT to UGX. However, you can first exchange UBIT 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 UBIT to Ugandan Shilling?
UBIT to Ugandan Shilling is falling this week.UBIT's current market price is Sh 250.87 per UBIT, with a total market cap of Sh 0 UGX based on a circulating supply of -- UBIT. The trading volume of UBIT has changed by -14.28% (Sh -42,496,840.53 UGX) in the last 24 hours. Last trading day, UBIT's trading volume was Sh 297,617,764.06.
Market cap
$0
24h volume
$69.47K
Circulating supply
0 UBIT
Conversion tables
The exchange rate of UBIT is decreasing.1 UBIT is currently valued at Sh 250.87 UGX , which means buying 5 UBIT will cost Sh 1,254.34 UGX . Similarly, Sh1 UGX can be traded for 0.003986 UBIT, and Sh50 UGX can be converted to 0.1993 UBIT, excluding any platform or gas fees.
The exchange rate of 1 UBIT to Ugandan Shilling has changed by -14.22% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.73%, reaching a high of 276.79 UGX and a low of 242.39 UGX . One month ago, the value of 1 UBIT was Sh 358.7 UGX , which represents a -30.10% change from its current value. Over the last year, UBIT has changed by , resulting in a change of -40.73% in its value.
-Sh
172.03UGXUBIT to UGX
Amount
12:08 today
0.5 UBIT
Sh125.43
1 UBIT
Sh250.87
5 UBIT
Sh1,254.34
10 UBIT
Sh2,508.68
50 UBIT
Sh12,543.41
100 UBIT
Sh25,086.83
500 UBIT
Sh125,434.14
1000 UBIT
Sh250,868.29
UGX to UBIT
Amount12:08 today
0.5UGX0.001993 UBIT
1UGX0.003986 UBIT
5UGX0.01993 UBIT
10UGX0.03986 UBIT
50UGX0.1993 UBIT
100UGX0.3986 UBIT
500UGX1.99 UBIT
1000UGX3.99 UBIT
Today vs. 24 hours ago
| Amount | 12:08 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 UBIT | $0.03416 | $0.03391 | +0.73% |
| 1 UBIT | $0.06831 | $0.06782 | +0.73% |
| 5 UBIT | $0.3416 | $0.3391 | +0.73% |
| 10 UBIT | $0.6831 | $0.6782 | +0.73% |
| 50 UBIT | $3.42 | $3.39 | +0.73% |
| 100 UBIT | $6.83 | $6.78 | +0.73% |
| 500 UBIT | $34.16 | $33.91 | +0.73% |
| 1000 UBIT | $68.31 | $67.82 | +0.73% |
Today vs. 1 month ago
| Amount | 12:08 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 UBIT | $0.03416 | $0.04884 | -30.10% |
| 1 UBIT | $0.06831 | $0.09768 | -30.10% |
| 5 UBIT | $0.3416 | $0.4884 | -30.10% |
| 10 UBIT | $0.6831 | $0.9768 | -30.10% |
| 50 UBIT | $3.42 | $4.88 | -30.10% |
| 100 UBIT | $6.83 | $9.77 | -30.10% |
| 500 UBIT | $34.16 | $48.84 | -30.10% |
| 1000 UBIT | $68.31 | $97.68 | -30.10% |
Today vs. 1 year ago
| Amount | 12:08 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 UBIT | $0.03416 | $0.05758 | -40.73% |
| 1 UBIT | $0.06831 | $0.1152 | -40.73% |
| 5 UBIT | $0.3416 | $0.5758 | -40.73% |
| 10 UBIT | $0.6831 | $1.15 | -40.73% |
| 50 UBIT | $3.42 | $5.76 | -40.73% |
| 100 UBIT | $6.83 | $11.52 | -40.73% |
| 500 UBIT | $34.16 | $57.58 | -40.73% |
| 1000 UBIT | $68.31 | $115.16 | -40.73% |
UBIT price prediction
What will the price of UBIT be in 2025?
Based on UBIT's historical price performance prediction model, the price of UBIT is projected to reach $0.1298 in 2025.
What will the price of UBIT be in 2030?
In 2030, the UBIT price is expected to change by -3.00%. By the end of 2030, the UBIT price is projected to reach $0.2244, with a cumulative ROI of +186.61%.
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Popular UBIT conversions
Check out these popular currency conversions of UBIT to several fiat currencies.
UBIT to USD
1 UBIT to $ 0.06831 USD
UBIT to GBP
1 UBIT to £ 0.05434 GBP
UBIT to EUR
1 UBIT to € 0.06550 EUR
UBIT to KRW
1 UBIT to ₩ 100.68 KRW
UBIT to CAD
1 UBIT to $ 0.09850 CAD
UBIT to AUD
1 UBIT to $ 0.1099 AUD
UBIT to JPY
1 UBIT to ¥ 10.78 JPY
UBIT to BRL
1 UBIT to R$ 0.4232 BRL
UBIT to CNY
1 UBIT to ¥ 0.4988 CNY
UBIT to TWD
1 UBIT to NT$ 2.24 TWD
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Theta Network to UGX
1 THETA to Sh 8,748.28 UGX
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Chainbounty to 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 UBIT 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 UBIT 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 UBIT 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.
