MERL
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 Merlin Chain(MERL) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 MERL at a value of 1 MERL for 1,029.98 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 Merlin Chain currency pair is the MERL to UGX, with for Merlin Chain's currency code being MERL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
MERL to UGX conversion rate trend
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In the past 1D, Merlin Chain has changed -19.37% to UGX. Based on the trend and price charts, Merlin Chain(MERL) has changed -19.37% to UGX while Ugandan Shilling(UGX) has changed % to MERL in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh1,112.25 | 0.0200% / 0.0320%  VIP 7 | |
OKX | Sh1,060.48 | 0.080% / 0.100% | Yes |
Huobi | Sh1,061.94 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh1,062.31 | 0.1000% / 0.1000% | Yes |
Bybit | Sh1,060.48 | 0.1000% / 0.1000% | Yes |
KuCoin | Sh1,062.31 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/15 00:00:20(UTC+0)
How to buy Merlin Chain
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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Merlin Chain (MERL)
Use a variety of payment options to buy Merlin Chain on Bitget. We'll show you how.
Learn MoreBuy MERL (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of MERL with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy MERL 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 MERL (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of MERL to UGX. However, you can first exchange MERL 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 Merlin Chain to Ugandan Shilling?
Merlin Chain to Ugandan Shilling is falling this week.Merlin Chain's current market price is Sh 1,029.98 per MERL, with a total market cap of Sh 540,740,411,505.79 UGX based on a circulating supply of 525,000,000 MERL. The trading volume of Merlin Chain has changed by -12.95% (Sh -20,515,929,745.00 UGX) in the last 24 hours. Last trading day, MERL's trading volume was Sh 158,459,653,088.32.
Market cap
$147.36M
24h volume
$37.59M
Circulating supply
525.00M MERL
Conversion tables
The exchange rate of Merlin Chain is increasing.1 MERL is currently valued at Sh 1,029.98 UGX , which means buying 5 MERL will cost Sh 5,149.91 UGX . Similarly, Sh1 UGX can be traded for 0.0009709 MERL, and Sh50 UGX can be converted to 0.04854 MERL, excluding any platform or gas fees.
The exchange rate of 1 MERL to Ugandan Shilling has changed by -3.61% in the last 7 days. In the last 24 hours, the rate has fluctuated by -19.37%, reaching a high of 1,294.38 UGX and a low of 1,004.24 UGX . One month ago, the value of 1 MERL was Sh 1,009.38 UGX , which represents a +2.03% change from its current value. Over the last year, Merlin Chain has changed by , resulting in a change of -26.77% in its value.
+Sh
1,033.13UGXMERL to UGX
Amount
08:22 am today
0.5 MERL
Sh514.99
1 MERL
Sh1,029.98
5 MERL
Sh5,149.91
10 MERL
Sh10,299.82
50 MERL
Sh51,499.08
100 MERL
Sh102,998.17
500 MERL
Sh514,990.83
1000 MERL
Sh1,029,981.67
UGX to MERL
Amount08:22 am today
0.5UGX0.0004854 MERL
1UGX0.0009709 MERL
5UGX0.004854 MERL
10UGX0.009709 MERL
50UGX0.04854 MERL
100UGX0.09709 MERL
500UGX0.4854 MERL
1000UGX0.9709 MERL
Today vs. 24 hours ago
| Amount | 08:22 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MERL | $0.1403 | $0.1742 | -19.37% |
| 1 MERL | $0.2807 | $0.3483 | -19.37% |
| 5 MERL | $1.4 | $1.74 | -19.37% |
| 10 MERL | $2.81 | $3.48 | -19.37% |
| 50 MERL | $14.03 | $17.42 | -19.37% |
| 100 MERL | $28.07 | $34.83 | -19.37% |
| 500 MERL | $140.34 | $174.17 | -19.37% |
| 1000 MERL | $280.69 | $348.34 | -19.37% |
Today vs. 1 month ago
| Amount | 08:22 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MERL | $0.1403 | $0.1375 | +2.03% |
| 1 MERL | $0.2807 | $0.2751 | +2.03% |
| 5 MERL | $1.4 | $1.38 | +2.03% |
| 10 MERL | $2.81 | $2.75 | +2.03% |
| 50 MERL | $14.03 | $13.75 | +2.03% |
| 100 MERL | $28.07 | $27.51 | +2.03% |
| 500 MERL | $140.34 | $137.54 | +2.03% |
| 1000 MERL | $280.69 | $275.08 | +2.03% |
Today vs. 1 year ago
| Amount | 08:22 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MERL | $0.1403 | $-0.0004295 | -26.77% |
| 1 MERL | $0.2807 | $-0.0008590 | -26.77% |
| 5 MERL | $1.4 | $-0.004295 | -26.77% |
| 10 MERL | $2.81 | $-0.008590 | -26.77% |
| 50 MERL | $14.03 | $-0.04295 | -26.77% |
| 100 MERL | $28.07 | $-0.08590 | -26.77% |
| 500 MERL | $140.34 | $-0.4295 | -26.77% |
| 1000 MERL | $280.69 | $-0.8590 | -26.77% |
Merlin Chain price prediction
What will the price of MERL be in 2025?
Based on MERL's historical price performance prediction model, the price of MERL is projected to reach $0.4813 in 2025.
What will the price of MERL be in 2030?
In 2030, the MERL price is expected to change by -12.00%. By the end of 2030, the MERL price is projected to reach $0.7967, with a cumulative ROI of +175.71%.
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Popular Merlin Chain conversions
Check out these popular currency conversions of Merlin Chain to several fiat currencies.
Merlin Chain to USD
1 MERL to $ 0.2807 USD
Merlin Chain to GBP
1 MERL to £ 0.2213 GBP
Merlin Chain to EUR
1 MERL to € 0.2659 EUR
Merlin Chain to KRW
1 MERL to ₩ 392.12 KRW
Merlin Chain to CAD
1 MERL to $ 0.3945 CAD
Merlin Chain to AUD
1 MERL to $ 0.4341 AUD
Merlin Chain to JPY
1 MERL to ¥ 43.82 JPY
Merlin Chain to BRL
1 MERL to R$ 1.63 BRL
Merlin Chain to CNY
1 MERL to ¥ 2.03 CNY
Merlin Chain to TWD
1 MERL to NT$ 9.12 TWD
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1 SOL to Sh 767,355.82 UGX
Sui to UGX
1 SUI to Sh 11,927.96 UGX
Merlin Chain to UGX
1 MERL to Sh 1,029.98 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 Merlin Chain 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 Merlin Chain 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 Merlin Chain 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.
