IDEX
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 IDEX(IDEX) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 IDEX at a value of 1 IDEX for 224.14 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 IDEX currency pair is the IDEX to UGX, with for IDEX's currency code being IDEX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
IDEX to UGX conversion rate trend
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In the past 1D, IDEX has changed -3.96% to UGX. Based on the trend and price charts, IDEX(IDEX) has changed -3.96% to UGX while Ugandan Shilling(UGX) has changed % to IDEX in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh225.56 | 0.0200% / 0.0320%  VIP 7 | |
Binance | Sh225.89 | 0.1000% / 0.1000% | Yes |
Coinbase Exchange | Sh164.82 | 0.1000% / 0.1000% | Yes |
Huobi | Sh225.49 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh225.49 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/25 16:00:13(UTC+0)
How to buy IDEX
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 IDEX (IDEX)
Use a variety of payment options to buy IDEX on Bitget. We'll show you how.
Buy IDEX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of IDEX with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy IDEX with USDT via Bitget spot market.
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Sell IDEX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of IDEX to UGX. However, you can first exchange IDEX 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 IDEX to Ugandan Shilling?
IDEX to Ugandan Shilling is rising this week.IDEX's current market price is Sh 224.14 per IDEX, with a total market cap of Sh 180,994,408,622.08 UGX based on a circulating supply of 807,489,000 IDEX. The trading volume of IDEX has changed by -46.76% (Sh -53,558,514,875.61 UGX) in the last 24 hours. Last trading day, IDEX's trading volume was Sh 114,529,125,708.84.
Market cap
$49.52M
24h volume
$16.68M
Circulating supply
807.49M IDEX
Conversion tables
The exchange rate of IDEX is increasing.1 IDEX is currently valued at Sh 224.14 UGX , which means buying 5 IDEX will cost Sh 1,120.72 UGX . Similarly, Sh1 UGX can be traded for 0.004461 IDEX, and Sh50 UGX can be converted to 0.2231 IDEX, excluding any platform or gas fees.
The exchange rate of 1 IDEX to Ugandan Shilling has changed by +2.05% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.96%, reaching a high of 235.42 UGX and a low of 223.54 UGX . One month ago, the value of 1 IDEX was Sh 163.21 UGX , which represents a +37.34% change from its current value. Over the last year, IDEX has changed by , resulting in a change of -8.17% in its value.
-Sh
19.94UGXIDEX to UGX
Amount
17:00 today
0.5 IDEX
Sh112.07
1 IDEX
Sh224.14
5 IDEX
Sh1,120.72
10 IDEX
Sh2,241.45
50 IDEX
Sh11,207.24
100 IDEX
Sh22,414.47
500 IDEX
Sh112,072.37
1000 IDEX
Sh224,144.73
UGX to IDEX
Amount17:00 today
0.5UGX0.002231 IDEX
1UGX0.004461 IDEX
5UGX0.02231 IDEX
10UGX0.04461 IDEX
50UGX0.2231 IDEX
100UGX0.4461 IDEX
500UGX2.23 IDEX
1000UGX4.46 IDEX
Today vs. 24 hours ago
| Amount | 17:00 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 IDEX | $0.03067 | $0.03193 | -3.96% |
| 1 IDEX | $0.06133 | $0.06386 | -3.96% |
| 5 IDEX | $0.3067 | $0.3193 | -3.96% |
| 10 IDEX | $0.6133 | $0.6386 | -3.96% |
| 50 IDEX | $3.07 | $3.19 | -3.96% |
| 100 IDEX | $6.13 | $6.39 | -3.96% |
| 500 IDEX | $30.67 | $31.93 | -3.96% |
| 1000 IDEX | $61.33 | $63.86 | -3.96% |
Today vs. 1 month ago
| Amount | 17:00 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 IDEX | $0.03067 | $0.02233 | +37.34% |
| 1 IDEX | $0.06133 | $0.04466 | +37.34% |
| 5 IDEX | $0.3067 | $0.2233 | +37.34% |
| 10 IDEX | $0.6133 | $0.4466 | +37.34% |
| 50 IDEX | $3.07 | $2.23 | +37.34% |
| 100 IDEX | $6.13 | $4.47 | +37.34% |
| 500 IDEX | $30.67 | $22.33 | +37.34% |
| 1000 IDEX | $61.33 | $44.66 | +37.34% |
Today vs. 1 year ago
| Amount | 17:00 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 IDEX | $0.03067 | $0.03339 | -8.17% |
| 1 IDEX | $0.06133 | $0.06679 | -8.17% |
| 5 IDEX | $0.3067 | $0.3339 | -8.17% |
| 10 IDEX | $0.6133 | $0.6679 | -8.17% |
| 50 IDEX | $3.07 | $3.34 | -8.17% |
| 100 IDEX | $6.13 | $6.68 | -8.17% |
| 500 IDEX | $30.67 | $33.39 | -8.17% |
| 1000 IDEX | $61.33 | $66.79 | -8.17% |
IDEX price prediction
What will the price of IDEX be in 2025?
Based on IDEX's historical price performance prediction model, the price of IDEX is projected to reach $0.07234 in 2025.
What will the price of IDEX be in 2030?
In 2030, the IDEX price is expected to change by +3.00%. By the end of 2030, the IDEX price is projected to reach $0.1247, with a cumulative ROI of +95.02%.
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Popular IDEX conversions
Check out these popular currency conversions of IDEX to several fiat currencies.
IDEX to USD
1 IDEX to $ 0.06133 USD
IDEX to GBP
1 IDEX to £ 0.04802 GBP
IDEX to EUR
1 IDEX to € 0.05884 EUR
IDEX to KRW
1 IDEX to ₩ 89.29 KRW
IDEX to CAD
1 IDEX to $ 0.08812 CAD
IDEX to AUD
1 IDEX to $ 0.09822 AUD
IDEX to JPY
1 IDEX to ¥ 9.65 JPY
IDEX to BRL
1 IDEX to R$ 0.3911 BRL
IDEX to CNY
1 IDEX to ¥ 0.4479 CNY
IDEX to TWD
1 IDEX to NT$ 2.01 TWD
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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 IDEX 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 IDEX 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 IDEX 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.
