UMM
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 UMM(UMM) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 UMM at a value of 1 UMM for 4,540.76 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 UMM currency pair is the UMM to UGX, with for UMM's currency code being UMM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
UMM to UGX conversion rate trend
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In the past 1D, UMM has changed -10.47% to UGX. Based on the trend and price charts, UMM(UMM) has changed -10.47% to UGX while Ugandan Shilling(UGX) has changed % to UMM in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh4,525.66 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/21 16:32:01(UTC+0)
How to buy UMM
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 UMM (UMM)
Use a variety of payment options to buy UMM on Bitget. We'll show you how.
Buy UMM (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of UMM with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy UMM 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 UMM (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of UMM to UGX. However, you can first exchange UMM 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 UMM to Ugandan Shilling?
UMM to Ugandan Shilling is falling this week.UMM's current market price is Sh 4,540.76 per UMM, with a total market cap of Sh 0 UGX based on a circulating supply of -- UMM. The trading volume of UMM has changed by -5.02% (Sh -196,239,576.42 UGX) in the last 24 hours. Last trading day, UMM's trading volume was Sh 3,911,960,298.57.
Market cap
$0
24h volume
$1.01M
Circulating supply
0 UMM
Conversion tables
The exchange rate of UMM is decreasing.1 UMM is currently valued at Sh 4,540.76 UGX , which means buying 5 UMM will cost Sh 22,703.78 UGX . Similarly, Sh1 UGX can be traded for 0.0002202 UMM, and Sh50 UGX can be converted to 0.01101 UMM, excluding any platform or gas fees.
The exchange rate of 1 UMM to Ugandan Shilling has changed by -0.12% in the last 7 days. In the last 24 hours, the rate has fluctuated by -10.47%, reaching a high of 5,158.56 UGX and a low of 4,436.99 UGX . One month ago, the value of 1 UMM was Sh 6,005.06 UGX , which represents a -24.37% change from its current value. Over the last year, UMM has changed by , resulting in a change of -37.49% in its value.
+Sh
849.41UGXUMM to UGX
Amount
17:14 today
0.5 UMM
Sh2,270.38
1 UMM
Sh4,540.76
5 UMM
Sh22,703.78
10 UMM
Sh45,407.57
50 UMM
Sh227,037.84
100 UMM
Sh454,075.69
500 UMM
Sh2,270,378.45
1000 UMM
Sh4,540,756.89
UGX to UMM
Amount17:14 today
0.5UGX0.0001101 UMM
1UGX0.0002202 UMM
5UGX0.001101 UMM
10UGX0.002202 UMM
50UGX0.01101 UMM
100UGX0.02202 UMM
500UGX0.1101 UMM
1000UGX0.2202 UMM
Today vs. 24 hours ago
| Amount | 17:14 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 UMM | $0.6145 | $0.6864 | -10.47% |
| 1 UMM | $1.23 | $1.37 | -10.47% |
| 5 UMM | $6.15 | $6.86 | -10.47% |
| 10 UMM | $12.29 | $13.73 | -10.47% |
| 50 UMM | $61.45 | $68.64 | -10.47% |
| 100 UMM | $122.9 | $137.28 | -10.47% |
| 500 UMM | $614.52 | $686.41 | -10.47% |
| 1000 UMM | $1,229.04 | $1,372.81 | -10.47% |
Today vs. 1 month ago
| Amount | 17:14 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 UMM | $0.6145 | $0.8127 | -24.37% |
| 1 UMM | $1.23 | $1.63 | -24.37% |
| 5 UMM | $6.15 | $8.13 | -24.37% |
| 10 UMM | $12.29 | $16.25 | -24.37% |
| 50 UMM | $61.45 | $81.27 | -24.37% |
| 100 UMM | $122.9 | $162.54 | -24.37% |
| 500 UMM | $614.52 | $812.69 | -24.37% |
| 1000 UMM | $1,229.04 | $1,625.39 | -24.37% |
Today vs. 1 year ago
| Amount | 17:14 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 UMM | $0.6145 | $-0.0004325 | -37.49% |
| 1 UMM | $1.23 | $-0.0008650 | -37.49% |
| 5 UMM | $6.15 | $-0.004325 | -37.49% |
| 10 UMM | $12.29 | $-0.008650 | -37.49% |
| 50 UMM | $61.45 | $-0.04325 | -37.49% |
| 100 UMM | $122.9 | $-0.08650 | -37.49% |
| 500 UMM | $614.52 | $-0.4325 | -37.49% |
| 1000 UMM | $1,229.04 | $-0.8650 | -37.49% |
UMM price prediction
What will the price of UMM be in 2025?
Based on UMM's historical price performance prediction model, the price of UMM is projected to reach $2.29 in 2025.
What will the price of UMM be in 2030?
In 2030, the UMM price is expected to change by -6.00%. By the end of 2030, the UMM price is projected to reach $4.1, with a cumulative ROI of +235.12%.
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Popular UMM conversions
Check out these popular currency conversions of UMM to several fiat currencies.
UMM to USD
1 UMM to $ 1.23 USD
UMM to GBP
1 UMM to £ 0.9739 GBP
UMM to EUR
1 UMM to € 1.17 EUR
UMM to KRW
1 UMM to ₩ 1,719.73 KRW
UMM to CAD
1 UMM to $ 1.71 CAD
UMM to AUD
1 UMM to $ 1.89 AUD
UMM to JPY
1 UMM to ¥ 189.78 JPY
UMM to BRL
1 UMM to R$ 7.14 BRL
UMM to CNY
1 UMM to ¥ 8.9 CNY
UMM to TWD
1 UMM to NT$ 40.02 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in UMM.
MAD to UGX
1 MAD to Sh -- UGX
XRP to UGX
1 XRP to Sh 4,106.93 UGX
EGO to UGX
1 EGO to Sh 82.72 UGX
Sharpe AI to UGX
1 SAI to Sh 123.36 UGX
Solana to UGX
1 SOL to Sh 939,575.58 UGX
Bitcoin to UGX
1 BTC to Sh 358,728,351.31 UGX
Dogecoin to UGX
1 DOGE to Sh 1,413.22 UGX
Pepe to UGX
1 PEPE to Sh 0.07671 UGX
Peanut the Squirrel to UGX
1 PNUT to Sh 5,026.49 UGX
Sui to UGX
1 SUI to Sh 13,089.77 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 UMM 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 UMM 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 UMM 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.
