BAL
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 Balancer(BAL) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 BAL at a value of 1 BAL for 8,340.55 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 Balancer currency pair is the BAL to UGX, with for Balancer's currency code being BAL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
BAL to UGX conversion rate trend
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In the past 1D, Balancer has changed +0.23% to UGX. Based on the trend and price charts, Balancer(BAL) has changed +0.23% to UGX while Ugandan Shilling(UGX) has changed % to BAL in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh8,292.8 | 0.0200% / 0.0320%  VIP 7 | |
Binance | Sh8,395.1 | 0.1000% / 0.1000% | Yes |
OKX | Sh8,391.41 | 0.080% / 0.100% | Yes |
Huobi | Sh8,380.7 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh8,372.94 | 0.1000% / 0.1000% | Yes |
KuCoin | Sh8,387.72 | 0.1000% / 0.1000% | Yes |
Bitfinex | Sh7,702.22 | 0.1000% / 0.1000% | Yes |
Last updated 2024/08/30 01:00:18(UTC+0)
How to buy Balancer
Create Your Free Bitget Account
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Buy Balancer (BAL)
Use a variety of payment options to buy Balancer on Bitget. We'll show you how.
Learn MoreBuy BAL (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of BAL with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy BAL 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 BAL (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of BAL to UGX. However, you can first exchange BAL 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 Balancer to Ugandan Shilling?
Balancer to Ugandan Shilling is rising this week.Balancer's current market price is Sh 8,340.55 per BAL, with a total market cap of Sh 508,177,236,264.78 UGX based on a circulating supply of 60,928,480 BAL. The trading volume of Balancer has changed by +24.49% (Sh 10,073,581,944.2 UGX) in the last 24 hours. Last trading day, BAL's trading volume was Sh 41,131,770,626.74.
Market cap
$137.59M
24h volume
$13.86M
Circulating supply
60.93M BAL
Conversion tables
The exchange rate of Balancer is increasing.1 BAL is currently valued at Sh 8,340.55 UGX , which means buying 5 BAL will cost Sh 41,702.77 UGX . Similarly, Sh1 UGX can be traded for 0.0001199 BAL, and Sh50 UGX can be converted to 0.005995 BAL, excluding any platform or gas fees.
The exchange rate of 1 BAL to Ugandan Shilling has changed by +6.25% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.23%, reaching a high of 8,474.51 UGX and a low of 7,850.02 UGX . One month ago, the value of 1 BAL was Sh 7,576.78 UGX , which represents a +10.12% change from its current value. Over the last year, Balancer has changed by , resulting in a change of -36.86% in its value.
-Sh
4,852.77UGXBAL to UGX
Amount
12:12 today
0.5 BAL
Sh4,170.28
1 BAL
Sh8,340.55
5 BAL
Sh41,702.77
10 BAL
Sh83,405.53
50 BAL
Sh417,027.66
100 BAL
Sh834,055.33
500 BAL
Sh4,170,276.65
1000 BAL
Sh8,340,553.29
UGX to BAL
Amount12:12 today
0.5UGX0.{4}5995 BAL
1UGX0.0001199 BAL
5UGX0.0005995 BAL
10UGX0.001199 BAL
50UGX0.005995 BAL
100UGX0.01199 BAL
500UGX0.05995 BAL
1000UGX0.1199 BAL
Today vs. 24 hours ago
| Amount | 12:12 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BAL | $1.13 | $1.13 | +0.23% |
| 1 BAL | $2.26 | $2.25 | +0.23% |
| 5 BAL | $11.29 | $11.27 | +0.23% |
| 10 BAL | $22.58 | $22.53 | +0.23% |
| 50 BAL | $112.91 | $112.66 | +0.23% |
| 100 BAL | $225.82 | $225.32 | +0.23% |
| 500 BAL | $1,129.12 | $1,126.58 | +0.23% |
| 1000 BAL | $2,258.23 | $2,253.16 | +0.23% |
Today vs. 1 month ago
| Amount | 12:12 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BAL | $1.13 | $1.03 | +10.12% |
| 1 BAL | $2.26 | $2.05 | +10.12% |
| 5 BAL | $11.29 | $10.26 | +10.12% |
| 10 BAL | $22.58 | $20.51 | +10.12% |
| 50 BAL | $112.91 | $102.57 | +10.12% |
| 100 BAL | $225.82 | $205.14 | +10.12% |
| 500 BAL | $1,129.12 | $1,025.72 | +10.12% |
| 1000 BAL | $2,258.23 | $2,051.44 | +10.12% |
Today vs. 1 year ago
| Amount | 12:12 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BAL | $1.13 | $1.79 | -36.86% |
| 1 BAL | $2.26 | $3.57 | -36.86% |
| 5 BAL | $11.29 | $17.86 | -36.86% |
| 10 BAL | $22.58 | $35.72 | -36.86% |
| 50 BAL | $112.91 | $178.61 | -36.86% |
| 100 BAL | $225.82 | $357.21 | -36.86% |
| 500 BAL | $1,129.12 | $1,786.07 | -36.86% |
| 1000 BAL | $2,258.23 | $3,572.13 | -36.86% |
Balancer price prediction
What will the price of BAL be in 2025?
Based on BAL's historical price performance prediction model, the price of BAL is projected to reach $2.53 in 2025.
What will the price of BAL be in 2030?
In 2030, the BAL price is expected to change by -10.00%. By the end of 2030, the BAL price is projected to reach $4.29, with a cumulative ROI of +86.31%.
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Popular Balancer conversions
Check out these popular currency conversions of Balancer to several fiat currencies.
Balancer to USD
1 BAL to $ 2.26 USD
Balancer to GBP
1 BAL to £ 1.79 GBP
Balancer to EUR
1 BAL to € 2.15 EUR
Balancer to KRW
1 BAL to ₩ 3,164.66 KRW
Balancer to CAD
1 BAL to $ 3.16 CAD
Balancer to AUD
1 BAL to $ 3.47 AUD
Balancer to JPY
1 BAL to ¥ 348.63 JPY
Balancer to BRL
1 BAL to R$ 13.11 BRL
Balancer to CNY
1 BAL to ¥ 16.37 CNY
Balancer to TWD
1 BAL to NT$ 73.56 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Balancer.
MAD to UGX
1 MAD to Sh -- UGX
XRP to UGX
1 XRP to Sh 4,130.16 UGX
EGO to UGX
1 EGO to Sh 98.88 UGX
Sharpe AI to UGX
1 SAI to Sh 116 UGX
Solana to UGX
1 SOL to Sh 893,741.68 UGX
Bitcoin to UGX
1 BTC to Sh 362,442,645.97 UGX
Dogecoin to UGX
1 DOGE to Sh 1,418.58 UGX
Pepe to UGX
1 PEPE to Sh 0.07193 UGX
Peanut the Squirrel to UGX
1 PNUT to Sh 4,936.83 UGX
Sui to UGX
1 SUI to Sh 13,085.73 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 Balancer 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 Balancer 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 Balancer 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.
