MEL
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 MELX(MEL) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 MEL at a value of 1 MEL for 3.97 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 MELX currency pair is the MEL to UGX, with for MELX's currency code being MEL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
MEL to UGX conversion rate trend
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In the past 1D, MELX has changed -0.03% to UGX. Based on the trend and price charts, MELX(MEL) has changed -0.03% to UGX while Ugandan Shilling(UGX) has changed % to MEL in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh3.97 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/22 08:31:44(UTC+0)
How to buy MELX
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.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy MELX (MEL)
Use a variety of payment options to buy MELX on Bitget. We'll show you how.
Buy MEL (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of MEL with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy MEL 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 MEL (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of MEL to UGX. However, you can first exchange MEL 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 MELX to Ugandan Shilling?
MELX to Ugandan Shilling is falling this week.MELX's current market price is Sh 3.97 per MEL, with a total market cap of Sh 80,629,759.06 UGX based on a circulating supply of 20,300,314 MEL. The trading volume of MELX has changed by 0.00% (Sh 0 UGX) in the last 24 hours. Last trading day, MEL's trading volume was Sh 0.
Market cap
$22.07K
24h volume
$0
Circulating supply
20.30M MEL
Conversion tables
The exchange rate of MELX is decreasing.1 MEL is currently valued at Sh 3.97 UGX , which means buying 5 MEL will cost Sh 19.86 UGX . Similarly, Sh1 UGX can be traded for 0.2518 MEL, and Sh50 UGX can be converted to 12.59 MEL, excluding any platform or gas fees.
The exchange rate of 1 MEL to Ugandan Shilling has changed by -0.04% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.03%, reaching a high of 3.98 UGX and a low of 3.97 UGX . One month ago, the value of 1 MEL was Sh 3.98 UGX , which represents a -0.15% change from its current value. Over the last year, MELX has changed by , resulting in a change of -0.15% in its value.
-Sh
0.005811UGXMEL to UGX
Amount
10:01 am today
0.5 MEL
Sh1.99
1 MEL
Sh3.97
5 MEL
Sh19.86
10 MEL
Sh39.72
50 MEL
Sh198.59
100 MEL
Sh397.18
500 MEL
Sh1,985.92
1000 MEL
Sh3,971.85
UGX to MEL
Amount10:01 am today
0.5UGX0.1259 MEL
1UGX0.2518 MEL
5UGX1.26 MEL
10UGX2.52 MEL
50UGX12.59 MEL
100UGX25.18 MEL
500UGX125.89 MEL
1000UGX251.77 MEL
Today vs. 24 hours ago
| Amount | 10:01 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MEL | $0.0005436 | $0.0005437 | -0.03% |
| 1 MEL | $0.001087 | $0.001087 | -0.03% |
| 5 MEL | $0.005436 | $0.005437 | -0.03% |
| 10 MEL | $0.01087 | $0.01087 | -0.03% |
| 50 MEL | $0.05436 | $0.05437 | -0.03% |
| 100 MEL | $0.1087 | $0.1087 | -0.03% |
| 500 MEL | $0.5436 | $0.5437 | -0.03% |
| 1000 MEL | $1.09 | $1.09 | -0.03% |
Today vs. 1 month ago
| Amount | 10:01 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MEL | $0.0005436 | $0.0005444 | -0.15% |
| 1 MEL | $0.001087 | $0.001089 | -0.15% |
| 5 MEL | $0.005436 | $0.005444 | -0.15% |
| 10 MEL | $0.01087 | $0.01089 | -0.15% |
| 50 MEL | $0.05436 | $0.05444 | -0.15% |
| 100 MEL | $0.1087 | $0.1089 | -0.15% |
| 500 MEL | $0.5436 | $0.5444 | -0.15% |
| 1000 MEL | $1.09 | $1.09 | -0.15% |
Today vs. 1 year ago
| Amount | 10:01 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MEL | $0.0005436 | $0.0005443 | -0.15% |
| 1 MEL | $0.001087 | $0.001089 | -0.15% |
| 5 MEL | $0.005436 | $0.005443 | -0.15% |
| 10 MEL | $0.01087 | $0.01089 | -0.15% |
| 50 MEL | $0.05436 | $0.05443 | -0.15% |
| 100 MEL | $0.1087 | $0.1089 | -0.15% |
| 500 MEL | $0.5436 | $0.5443 | -0.15% |
| 1000 MEL | $1.09 | $1.09 | -0.15% |
MELX price prediction
What will the price of MEL be in 2025?
Based on MEL's historical price performance prediction model, the price of MEL is projected to reach $0.001304 in 2025.
What will the price of MEL be in 2030?
In 2030, the MEL price is expected to change by -20.00%. By the end of 2030, the MEL price is projected to reach $0.001819, with a cumulative ROI of +67.28%.
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Popular MELX conversions
Check out these popular currency conversions of MELX to several fiat currencies.
MELX to USD
1 MEL to $ 0.001087 USD
MELX to GBP
1 MEL to £ 0.0008650 GBP
MELX to EUR
1 MEL to € 0.001042 EUR
MELX to KRW
1 MEL to ₩ 1.57 KRW
MELX to CAD
1 MEL to $ 0.001563 CAD
MELX to AUD
1 MEL to $ 0.001739 AUD
MELX to JPY
1 MEL to ¥ 0.1701 JPY
MELX to BRL
1 MEL to R$ 0.006616 BRL
MELX to CNY
1 MEL to ¥ 0.007933 CNY
MELX to TWD
1 MEL to NT$ 0.03547 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in MELX.
Adventure Gold to UGX
1 AGLD to Sh 6,730.4 UGX
Hive to UGX
1 HIVE to Sh 1,270.18 UGX
IDEX to UGX
1 IDEX to Sh 239.6 UGX
HEX (PulseChain) to UGX
1 HEX to Sh 66.38 UGX
HEX to UGX
1 HEX to Sh 14.73 UGX
Pulsechain to UGX
1 PLS to Sh 0.2172 UGX
PulseX to UGX
1 PLSX to Sh 0.1371 UGX
Shoggoth (shoggoth.monster) to UGX
1 SHOGGOTH to Sh 171.72 UGX
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JUNO to UGX
1 JUNO to Sh 1,169.18 UGX
Hunt Town to UGX
1 HUNT to Sh 1,327.19 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 MELX 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 MELX 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 MELX 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.
