MGP
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 Magpie(MGP) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 MGP at a value of 1 MGP for 495.98 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 Magpie currency pair is the MGP to UGX, with for Magpie's currency code being MGP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
MGP to UGX conversion rate trend
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In the past 1D, Magpie has changed +2.75% to UGX. Based on the trend and price charts, Magpie(MGP) has changed +2.75% to UGX while Ugandan Shilling(UGX) has changed % to MGP in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh480.7 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/31 08:30:23(UTC+0)
How to buy Magpie
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 Magpie (MGP)
Use a variety of payment options to buy Magpie on Bitget. We'll show you how.
Buy MGP (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of MGP with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy MGP 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 MGP (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of MGP to UGX. However, you can first exchange MGP 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 Magpie to Ugandan Shilling?
Magpie to Ugandan Shilling is falling this week.Magpie's current market price is Sh 495.98 per MGP, with a total market cap of Sh 223,004,655,189.87 UGX based on a circulating supply of 449,623,700 MGP. The trading volume of Magpie has changed by +9.92% (Sh 48,049,332.95 UGX) in the last 24 hours. Last trading day, MGP's trading volume was Sh 484,509,916.69.
Market cap
$60.61M
24h volume
$144.74K
Circulating supply
449.62M MGP
Conversion tables
The exchange rate of Magpie is decreasing.1 MGP is currently valued at Sh 495.98 UGX , which means buying 5 MGP will cost Sh 2,479.9 UGX . Similarly, Sh1 UGX can be traded for 0.002016 MGP, and Sh50 UGX can be converted to 0.1008 MGP, excluding any platform or gas fees.
The exchange rate of 1 MGP to Ugandan Shilling has changed by -12.45% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.75%, reaching a high of 495.98 UGX and a low of 480.17 UGX . One month ago, the value of 1 MGP was Sh 645.61 UGX , which represents a -23.18% change from its current value. Over the last year, Magpie has changed by , resulting in a change of +31.88% in its value.
+Sh
119.9UGXMGP to UGX
Amount
15:49 today
0.5 MGP
Sh247.99
1 MGP
Sh495.98
5 MGP
Sh2,479.9
10 MGP
Sh4,959.81
50 MGP
Sh24,799.03
100 MGP
Sh49,598.06
500 MGP
Sh247,990.31
1000 MGP
Sh495,980.63
UGX to MGP
Amount15:49 today
0.5UGX0.001008 MGP
1UGX0.002016 MGP
5UGX0.01008 MGP
10UGX0.02016 MGP
50UGX0.1008 MGP
100UGX0.2016 MGP
500UGX1.01 MGP
1000UGX2.02 MGP
Today vs. 24 hours ago
| Amount | 15:49 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MGP | $0.06740 | $0.06560 | +2.75% |
| 1 MGP | $0.1348 | $0.1312 | +2.75% |
| 5 MGP | $0.6740 | $0.6560 | +2.75% |
| 10 MGP | $1.35 | $1.31 | +2.75% |
| 50 MGP | $6.74 | $6.56 | +2.75% |
| 100 MGP | $13.48 | $13.12 | +2.75% |
| 500 MGP | $67.4 | $65.6 | +2.75% |
| 1000 MGP | $134.8 | $131.19 | +2.75% |
Today vs. 1 month ago
| Amount | 15:49 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MGP | $0.06740 | $0.08773 | -23.18% |
| 1 MGP | $0.1348 | $0.1755 | -23.18% |
| 5 MGP | $0.6740 | $0.8773 | -23.18% |
| 10 MGP | $1.35 | $1.75 | -23.18% |
| 50 MGP | $6.74 | $8.77 | -23.18% |
| 100 MGP | $13.48 | $17.55 | -23.18% |
| 500 MGP | $67.4 | $87.73 | -23.18% |
| 1000 MGP | $134.8 | $175.47 | -23.18% |
Today vs. 1 year ago
| Amount | 15:49 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MGP | $0.06740 | $0.05111 | +31.88% |
| 1 MGP | $0.1348 | $0.1022 | +31.88% |
| 5 MGP | $0.6740 | $0.5111 | +31.88% |
| 10 MGP | $1.35 | $1.02 | +31.88% |
| 50 MGP | $6.74 | $5.11 | +31.88% |
| 100 MGP | $13.48 | $10.22 | +31.88% |
| 500 MGP | $67.4 | $51.11 | +31.88% |
| 1000 MGP | $134.8 | $102.21 | +31.88% |
Magpie price prediction
What will the price of MGP be in 2025?
Based on MGP's historical price performance prediction model, the price of MGP is projected to reach $0.1409 in 2025.
What will the price of MGP be in 2030?
In 2030, the MGP price is expected to change by -20.00%. By the end of 2030, the MGP price is projected to reach $0.3116, with a cumulative ROI of +135.96%.
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Popular Magpie conversions
Check out these popular currency conversions of Magpie to several fiat currencies.
Magpie to USD
1 MGP to $ 0.1348 USD
Magpie to GBP
1 MGP to £ 0.1076 GBP
Magpie to EUR
1 MGP to € 0.1298 EUR
Magpie to KRW
1 MGP to ₩ 198.78 KRW
Magpie to CAD
1 MGP to $ 0.1941 CAD
Magpie to AUD
1 MGP to $ 0.2176 AUD
Magpie to JPY
1 MGP to ¥ 21.15 JPY
Magpie to BRL
1 MGP to R$ 0.8337 BRL
Magpie to CNY
1 MGP to ¥ 0.9857 CNY
Magpie to TWD
1 MGP to NT$ 4.41 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Magpie.
Bitcoin to UGX
1 BTC to Sh 352,053,793.58 UGX
Pepe to UGX
1 PEPE to Sh 0.07668 UGX
Ethereum to UGX
1 ETH to Sh 12,572,268.99 UGX
Solana to UGX
1 SOL to Sh 727,643.38 UGX
Sui to UGX
1 SUI to Sh 15,636.49 UGX
XRP to UGX
1 XRP to Sh 7,824.46 UGX
Mines of Dalarnia to UGX
1 DAR to Sh 662 UGX
Dogecoin to UGX
1 DOGE to Sh 1,204.26 UGX
Drift to UGX
1 DRIFT to Sh 5,148.68 UGX
dogwifhat to UGX
1 WIF to Sh 7,049.12 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 Magpie 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 Magpie 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 Magpie 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.
