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Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.82%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$82963.00 (-1.55%)Fear and Greed Index32(Fear)
Total spot Bitcoin ETF netflow -$59.2M (1D); -$1.37B (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.82%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$82963.00 (-1.55%)Fear and Greed Index32(Fear)
Total spot Bitcoin ETF netflow -$59.2M (1D); -$1.37B (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
DMD
UGX
Last updated as of 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 Diamond(DMD) to Ugandan shilling(UGX). This is the real-time data. The current conversion shows 1 DMD at a value of 1 DMD for 5,002.30 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 Diamond currency pair is the DMD to UGX, with for Diamond's currency code being DMD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
DMD to UGX conversion rate trend
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In the past 1D, Diamond has changed -2.38% to UGX. Based on the trend and price charts, Diamond(DMD) has changed -2.38% to UGX while Ugandan shilling(UGX) has changed % to DMD in the last 24 hours.
DMD to UGX market statistics
DMD/UGX:
Sh 5,002.3
DMD 24h volume:
Sh 77,765,072.51
DMD market cap:
Sh 19,284,926,442.05
DMD circulating supply:
3.86M DMD
More info about Diamond on Bitget
Current DMD to UGX exchange rate
Diamond to Ugandan shilling is falling this week.Diamond's current market price is Sh 5,002.3 per DMD, with a total market cap of Sh 19,284,926,442.05 UGX based on a circulating supply of 3,855,211.5 DMD. The trading volume of Diamond has changed by +15.52% (Sh 10,449,293.71 UGX) in the last 24 hours. Last trading day, DMD's trading volume was Sh 67,315,778.8.
DMD to UGX Conversion tables
The exchange rate of Diamond is decreasing.1 DMD is currently valued at Sh 5,002.3 UGX , which means buying 5 DMD will cost Sh 25,011.5 UGX . Similarly, Sh1 UGX can be traded for 0.0001999 DMD, and Sh50 UGX can be converted to 0.009995 DMD, excluding any platform or gas fees.
The exchange rate of 1 DMD to Ugandan shilling has changed by -4.87% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.38%, reaching a high of 5,157.88 UGX and a low of 4,878.09 UGX . One month ago, the value of 1 DMD was Sh 5,684.88 UGX , which represents a -12.00% change from its current value. Over the last year, Diamond has changed by , resulting in a change of -18.38% in its value.
-Sh
1,127.3UGXDMD to UGX
Amount
00:37 am today
0.5 DMD
Sh2,501.15
1 DMD
Sh5,002.3
5 DMD
Sh25,011.5
10 DMD
Sh50,023
50 DMD
Sh250,115.02
100 DMD
Sh500,230.04
500 DMD
Sh2,501,150.22
1000 DMD
Sh5,002,300.43
UGX to DMD
Amount00:37 am today
0.5UGX0.{4}9995 DMD
1UGX0.0001999 DMD
5UGX0.0009995 DMD
10UGX0.001999 DMD
50UGX0.009995 DMD
100UGX0.01999 DMD
500UGX0.09995 DMD
1000UGX0.1999 DMD
DMD to UGX Today vs. 24 hours ago
| Amount | 00:37 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 DMD | Sh2,501.15 | Sh2,562.21 | -2.38% |
| 1 DMD | Sh5,002.3 | Sh5,124.42 | -2.38% |
| 5 DMD | Sh25,011.5 | Sh25,622.11 | -2.38% |
| 10 DMD | Sh50,023 | Sh51,244.22 | -2.38% |
| 50 DMD | Sh250,115.02 | Sh256,221.12 | -2.38% |
| 100 DMD | Sh500,230.04 | Sh512,442.25 | -2.38% |
| 500 DMD | Sh2,501,150.22 | Sh2,562,211.23 | -2.38% |
| 1000 DMD | Sh5,002,300.43 | Sh5,124,422.45 | -2.38% |
DMD to UGX Today vs. 1 month ago
| Amount | 00:37 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 DMD | Sh2,501.15 | Sh2,842.44 | -12.00% |
| 1 DMD | Sh5,002.3 | Sh5,684.88 | -12.00% |
| 5 DMD | Sh25,011.5 | Sh28,424.4 | -12.00% |
| 10 DMD | Sh50,023 | Sh56,848.8 | -12.00% |
| 50 DMD | Sh250,115.02 | Sh284,243.99 | -12.00% |
| 100 DMD | Sh500,230.04 | Sh568,487.97 | -12.00% |
| 500 DMD | Sh2,501,150.22 | Sh2,842,439.86 | -12.00% |
| 1000 DMD | Sh5,002,300.43 | Sh5,684,879.72 | -12.00% |
DMD to UGX Today vs. 1 year ago
| Amount | 00:37 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 DMD | Sh2,501.15 | Sh3,064.8 | -18.38% |
| 1 DMD | Sh5,002.3 | Sh6,129.6 | -18.38% |
| 5 DMD | Sh25,011.5 | Sh30,647.98 | -18.38% |
| 10 DMD | Sh50,023 | Sh61,295.96 | -18.38% |
| 50 DMD | Sh250,115.02 | Sh306,479.81 | -18.38% |
| 100 DMD | Sh500,230.04 | Sh612,959.62 | -18.38% |
| 500 DMD | Sh2,501,150.22 | Sh3,064,798.09 | -18.38% |
| 1000 DMD | Sh5,002,300.43 | Sh6,129,596.19 | -18.38% |
How to convert DMD to UGX
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert DMD to UGX
Use a variety of payment options to buy Diamond on Bitget. We'll show you how.
Buy DMD (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of DMD with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy DMD with USDT via Bitget spot market.
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Sell DMD (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of DMD to UGX. However, you can first exchange DMD for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of DMD to UGX?
There are many factors that affect the relationship between Diamond and Ugandan Shilling, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of DMD/UGX. When there is positive news in the market about the widespread adoption of DMD or major technological breakthroughs, it tends to trigger market optimism and drive the rise of DMD/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in DMD/UGX.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of DMD/UGX. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Diamond and adjust their investment strategies accordingly in the evolving market.
Diamond price prediction
What will the price of DMD be in 2026?
Based on DMD's historical price performance prediction model, the price of DMD is projected to reach $1.56 in 2026.
What will the price of DMD be in 2031?
In 2031, the DMD price is expected to change by +41.00%. By the end of 2031, the DMD price is projected to reach $2.85, with a cumulative ROI of +109.27%.
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Popular Diamond Converter
Check out these popular currency conversions of Diamond to several fiat currencies.
DMD to UGX
1 DMD to Sh 5,002.3 UGX
DMD to TWD
1 DMD to NT$ 45.06 TWD
DMD to CNY
1 DMD to ¥ 9.9 CNY
DMD to USD
1 DMD to $ 1.37 USD
DMD to AUD
1 DMD to $ 2.16 AUD
DMD to EUR
1 DMD to € 1.26 EUR
DMD to CAD
1 DMD to $ 1.96 CAD
DMD to KRW
1 DMD to ₩ 1,985.04 KRW
DMD to JPY
1 DMD to ¥ 203.25 JPY
DMD to GBP
1 DMD to £ 1.06 GBP
DMD to BRL
1 DMD to R$ 7.86 BRL
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Diamond.
BTC to UGX
1 BTC to Sh 303,070,399.47 UGX
ETH to UGX
1 ETH to Sh 6,929,480.22 UGX
PI to UGX
1 PI to Sh 5,195.23 UGX
SOL to UGX
1 SOL to Sh 463,547.18 UGX
XRP to UGX
1 XRP to Sh 8,458.04 UGX
SHIB to UGX
1 SHIB to Sh 0.04789 UGX
AUCTION to UGX
1 AUCTION to Sh 126,024.33 UGX
BNX to UGX
1 BNX to Sh 5,139.18 UGX
DOGE to UGX
1 DOGE to Sh 619 UGX
PEPE to UGX
1 PEPE to Sh 0.02426 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 Diamond 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 Diamond 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 Diamond 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.
