MONKAS
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 Monkas(MONKAS) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 MONKAS at a value of 1 MONKAS for 0.01 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 Monkas currency pair is the MONKAS to UGX, with for Monkas's currency code being MONKAS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
MONKAS to UGX conversion rate trend
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In the past 1D, Monkas has changed -17.91% to UGX. Based on the trend and price charts, Monkas(MONKAS) has changed -17.91% to UGX while Ugandan Shilling(UGX) has changed % to MONKAS in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh0.01156 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/23 00:33:05(UTC+0)
How to buy Monkas
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 Monkas (MONKAS)
Use a variety of payment options to buy Monkas on Bitget. We'll show you how.
Buy MONKAS (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of MONKAS with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy MONKAS 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 MONKAS (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of MONKAS to UGX. However, you can first exchange MONKAS 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 Monkas to Ugandan Shilling?
Monkas to Ugandan Shilling is falling this week.Monkas's current market price is Sh 0.01156 per MONKAS, with a total market cap of Sh 0 UGX based on a circulating supply of -- MONKAS. The trading volume of Monkas has changed by -17.57% (Sh -14,287,647.36 UGX) in the last 24 hours. Last trading day, MONKAS's trading volume was Sh 81,324,442.68.
Market cap
$0
24h volume
$18.13K
Circulating supply
0 MONKAS
Conversion tables
The exchange rate of Monkas is increasing.1 MONKAS is currently valued at Sh 0.01156 UGX , which means buying 5 MONKAS will cost Sh 0.05782 UGX . Similarly, Sh1 UGX can be traded for 86.47 MONKAS, and Sh50 UGX can be converted to 4,323.63 MONKAS, excluding any platform or gas fees.
The exchange rate of 1 MONKAS to Ugandan Shilling has changed by -44.48% in the last 7 days. In the last 24 hours, the rate has fluctuated by -17.91%, reaching a high of 0.01433 UGX and a low of 0.01156 UGX . One month ago, the value of 1 MONKAS was Sh 0.008263 UGX , which represents a +39.96% change from its current value. Over the last year, Monkas has changed by , resulting in a change of -29.28% in its value.
+Sh
0.01156UGXMONKAS to UGX
Amount
01:13 am today
0.5 MONKAS
Sh0.005782
1 MONKAS
Sh0.01156
5 MONKAS
Sh0.05782
10 MONKAS
Sh0.1156
50 MONKAS
Sh0.5782
100 MONKAS
Sh1.16
500 MONKAS
Sh5.78
1000 MONKAS
Sh11.56
UGX to MONKAS
Amount01:13 am today
0.5UGX43.24 MONKAS
1UGX86.47 MONKAS
5UGX432.36 MONKAS
10UGX864.73 MONKAS
50UGX4,323.63 MONKAS
100UGX8,647.27 MONKAS
500UGX43,236.34 MONKAS
1000UGX86,472.68 MONKAS
Today vs. 24 hours ago
| Amount | 01:13 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MONKAS | $0.{5}1564 | $0.{5}1905 | -17.91% |
| 1 MONKAS | $0.{5}3127 | $0.{5}3810 | -17.91% |
| 5 MONKAS | $0.{4}1564 | $0.{4}1905 | -17.91% |
| 10 MONKAS | $0.{4}3127 | $0.{4}3810 | -17.91% |
| 50 MONKAS | $0.0001564 | $0.0001905 | -17.91% |
| 100 MONKAS | $0.0003127 | $0.0003810 | -17.91% |
| 500 MONKAS | $0.001564 | $0.001905 | -17.91% |
| 1000 MONKAS | $0.003127 | $0.003810 | -17.91% |
Today vs. 1 month ago
| Amount | 01:13 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MONKAS | $0.{5}1564 | $0.{5}1117 | +39.96% |
| 1 MONKAS | $0.{5}3127 | $0.{5}2235 | +39.96% |
| 5 MONKAS | $0.{4}1564 | $0.{4}1117 | +39.96% |
| 10 MONKAS | $0.{4}3127 | $0.{4}2235 | +39.96% |
| 50 MONKAS | $0.0001564 | $0.0001117 | +39.96% |
| 100 MONKAS | $0.0003127 | $0.0002235 | +39.96% |
| 500 MONKAS | $0.001564 | $0.001117 | +39.96% |
| 1000 MONKAS | $0.003127 | $0.002235 | +39.96% |
Today vs. 1 year ago
| Amount | 01:13 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MONKAS | $0.{5}1564 | $0.00 | -29.28% |
| 1 MONKAS | $0.{5}3127 | $0.00 | -29.28% |
| 5 MONKAS | $0.{4}1564 | $0.00 | -29.28% |
| 10 MONKAS | $0.{4}3127 | $0.00 | -29.28% |
| 50 MONKAS | $0.0001564 | $0.00 | -29.28% |
| 100 MONKAS | $0.0003127 | $0.00 | -29.28% |
| 500 MONKAS | $0.001564 | $0.00 | -29.28% |
| 1000 MONKAS | $0.003127 | $0.00 | -29.28% |
Monkas price prediction
What will the price of MONKAS be in 2025?
Based on MONKAS's historical price performance prediction model, the price of MONKAS is projected to reach $0.{5}5588 in 2025.
What will the price of MONKAS be in 2030?
In 2030, the MONKAS price is expected to change by -13.00%. By the end of 2030, the MONKAS price is projected to reach $0.{5}5043, with a cumulative ROI of +36.66%.
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Popular Monkas conversions
Check out these popular currency conversions of Monkas to several fiat currencies.
Monkas to USD
1 MONKAS to $ 0.{5}3127 USD
Monkas to GBP
1 MONKAS to £ 0.{5}2496 GBP
Monkas to EUR
1 MONKAS to € 0.{5}3002 EUR
Monkas to KRW
1 MONKAS to ₩ 0.004392 KRW
Monkas to CAD
1 MONKAS to $ 0.{5}4388 CAD
Monkas to AUD
1 MONKAS to $ 0.{5}4808 AUD
Monkas to JPY
1 MONKAS to ¥ 0.0004840 JPY
Monkas to BRL
1 MONKAS to R$ 0.{4}1814 BRL
Monkas to CNY
1 MONKAS to ¥ 0.{4}2268 CNY
Monkas to TWD
1 MONKAS to NT$ 0.0001019 TWD
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Explore other cryptocurrencies based on your interest in Monkas.
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Bitcoin to UGX
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TARS AI to UGX
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1 EGO to Sh 72.06 UGX
Just a chill guy to UGX
1 CHILLGUY to Sh 1,114.97 UGX
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XRP to UGX
1 XRP to Sh 5,950.79 UGX
Stellar to UGX
1 XLM to Sh 1,499.41 UGX
Solana to UGX
1 SOL to Sh 948,274.67 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 Monkas 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 Monkas 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 Monkas 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.
