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VeChain to Ugandan Shilling Converter and calculator

Convert 1VeChain (VET) to Ugandan Shilling (UGX) equals Sh 132.72 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of VeChain(VET) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 VET at a value of 1 VET for 132.72 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.

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Bitget crypto-to-fiat exchange data shows that the most popular VeChain currency pair is the VET to UGX, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

VET to UGX conversion rate trend

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In the past 1D, VeChain has changed +1.31% to UGX. Based on the trend and price charts, VeChain(VET) has changed +1.31% to UGX while Ugandan Shilling(UGX) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh132.72
0.0001% / 0.0004%vip-iconVIP
Binance
Sh131.53
0.1000% / 0.1000%
Yes
Huobi
Sh131.52
0.1000% / 0.1000%
Yes
Gate.io
Sh131.23
0.1000% / 0.1000%
Yes
KuCoin
Sh131.61
0.1000% / 0.1000%
Yes
Bitfinex
Sh132.3
0.1000% / 0.1000%
Yes
Last updated 2024/05/20 16:00:16(UTC+0)

How to buy VeChain

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Buy VeChain (VET)
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What factors influence the conversion rate of VeChain to Ugandan Shilling?

VeChain to Ugandan Shilling is rising this week.
VeChain's current market price is Sh 132.72 per VET, with a total market cap of Sh 9,650,674,060,396.72 UGX based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by -1.44% (Sh -2,671,525,030.53 UGX) in the last 24 hours. Last trading day, VET's trading volume was Sh 185,175,367,749.74.
Market cap
$2.54B
24h volume
$48.05M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is decreasing.
1 VET is currently valued at Sh 132.72 UGX , which means buying 5 VET will cost Sh 663.6 UGX . Similarly, Sh1 UGX can be traded for 0.007535 VET, and Sh50 UGX can be converted to 0.3767 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Ugandan Shilling has changed by +1.76% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.31%, reaching a high of 133.2 UGX and a low of 128.05 UGX . One month ago, the value of 1 VET was Sh 158.54 UGX , which represents a -16.29% change from its current value. Over the last year, VeChain has changed by
+Sh
60.91UGX
, resulting in a change of +84.83% in its value.

VET to UGX

Amount
16:53 today
0.5 VET
Sh66.36
1 VET
Sh132.72
5 VET
Sh663.6
10 VET
Sh1,327.2
50 VET
Sh6,636
100 VET
Sh13,272
500 VET
Sh66,360.02
1000 VET
Sh132,720.05

UGX to VET

Amount16:53 today
0.5UGX0.003767  VET
1UGX0.007535  VET
5UGX0.03767  VET
10UGX0.07535  VET
50UGX0.3767  VET
100UGX0.7535  VET
500UGX3.77  VET
1000UGX7.53  VET
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Today vs. 24 hours ago

Amount16:53 today24 hours ago24h change
0.5 VET$0.01747$0.01725
+1.31%
1 VET$0.03494$0.03449
+1.31%
5 VET$0.1747$0.1725
+1.31%
10 VET$0.3494$0.3449
+1.31%
50 VET$1.75$1.72
+1.31%
100 VET$3.49$3.45
+1.31%
500 VET$17.47$17.25
+1.31%
1000 VET$34.94$34.49
+1.31%

Today vs. 1 month ago

Amount16:53 today1 month ago1M change
0.5 VET$0.01747$0.02087
-16.29%
1 VET$0.03494$0.04174
-16.29%
5 VET$0.1747$0.2087
-16.29%
10 VET$0.3494$0.4174
-16.29%
50 VET$1.75$2.09
-16.29%
100 VET$3.49$4.17
-16.29%
500 VET$17.47$20.87
-16.29%
1000 VET$34.94$41.74
-16.29%
Buy VeChain for 1 UGX
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Today vs. 1 year ago

Amount16:53 today1 year ago1Y change
0.5 VET$0.01747$0.009452
+84.83%
1 VET$0.03494$0.01890
+84.83%
5 VET$0.1747$0.09452
+84.83%
10 VET$0.3494$0.1890
+84.83%
50 VET$1.75$0.9452
+84.83%
100 VET$3.49$1.89
+84.83%
500 VET$17.47$9.45
+84.83%
1000 VET$34.94$18.9
+84.83%

VeChain price prediction

What will the price of VET be in 2025?

Based on VET's historical price performance prediction model, the price of VET is projected to reach $0.04862 in 2025.

What will the price of VET be in 2030?

In 2030, the VET price is expected to rise by -19.00%. By the end of 2030, the VET price is projected to reach $0.08116, with a cumulative ROI of +132.27%.
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FAQ

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