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base info Monkas

Monkas to Ugandan Shilling Converter and calculator

Convert 1Monkas (MONKAS) to Ugandan Shilling (UGX) equals Sh 0.006928 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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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.

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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

1D7D1M3M1YAll
In the past 1D, Monkas has changed -2.23% to UGX. Based on the trend and price charts, Monkas(MONKAS) has changed -2.23% to UGX while Ugandan Shilling(UGX) has changed % to MONKAS in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh0.006645
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 00:32:56(UTC+0)

How to buy Monkas

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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.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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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)PriceAmount/limit
Low to high
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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)PriceAmount/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 0.006928 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 -4.92% (Sh -1,514,035.30 UGX) in the last 24 hours. Last trading day, MONKAS's trading volume was Sh 30,764,321.12.
Market cap
$0
24h volume
$8.01K
Circulating supply
0 MONKAS

Conversion tables

The exchange rate of Monkas is decreasing.
1 MONKAS is currently valued at Sh 0.006928 UGX , which means buying 5 MONKAS will cost Sh 0.03464 UGX . Similarly, Sh1 UGX can be traded for 144.35 MONKAS, and Sh50 UGX can be converted to 7,217.3 MONKAS, excluding any platform or gas fees.
The exchange rate of 1 MONKAS to Ugandan Shilling has changed by -39.20% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.23%, reaching a high of 0.007086 UGX and a low of 0.006637 UGX . One month ago, the value of 1 MONKAS was Sh 0.01118 UGX , which represents a -38.04% change from its current value. Over the last year, Monkas has changed by
-Sh
0.01221UGX
, resulting in a change of -63.81% in its value.

MONKAS to UGX

Amount
06:29 am today
0.5 MONKAS
Sh0.003464
1 MONKAS
Sh0.006928
5 MONKAS
Sh0.03464
10 MONKAS
Sh0.06928
50 MONKAS
Sh0.3464
100 MONKAS
Sh0.6928
500 MONKAS
Sh3.46
1000 MONKAS
Sh6.93

UGX to MONKAS

Amount06:29 am today
0.5UGX72.17  MONKAS
1UGX144.35  MONKAS
5UGX721.73  MONKAS
10UGX1,443.46  MONKAS
50UGX7,217.3  MONKAS
100UGX14,434.59  MONKAS
500UGX72,172.96  MONKAS
1000UGX144,345.92  MONKAS

Today vs. 24 hours ago

Amount06:29 am today24 hours ago24h change
0.5 MONKAS$0.{6}9483$0.{6}9700
-2.23%
1 MONKAS$0.{5}1897$0.{5}1940
-2.23%
5 MONKAS$0.{5}9483$0.{5}9700
-2.23%
10 MONKAS$0.{4}1897$0.{4}1940
-2.23%
50 MONKAS$0.{4}9483$0.{4}9700
-2.23%
100 MONKAS$0.0001897$0.0001940
-2.23%
500 MONKAS$0.0009483$0.0009700
-2.23%
1000 MONKAS$0.001897$0.001940
-2.23%

Today vs. 1 month ago

Amount06:29 am today1 month ago1M change
0.5 MONKAS$0.{6}9483$0.{5}1530
-38.04%
1 MONKAS$0.{5}1897$0.{5}3061
-38.04%
5 MONKAS$0.{5}9483$0.{4}1530
-38.04%
10 MONKAS$0.{4}1897$0.{4}3061
-38.04%
50 MONKAS$0.{4}9483$0.0001530
-38.04%
100 MONKAS$0.0001897$0.0003061
-38.04%
500 MONKAS$0.0009483$0.001530
-38.04%
1000 MONKAS$0.001897$0.003061
-38.04%

Today vs. 1 year ago

Amount06:29 am today1 year ago1Y change
0.5 MONKAS$0.{6}9483$0.{5}2620
-63.81%
1 MONKAS$0.{5}1897$0.{5}5241
-63.81%
5 MONKAS$0.{5}9483$0.{4}2620
-63.81%
10 MONKAS$0.{4}1897$0.{4}5241
-63.81%
50 MONKAS$0.{4}9483$0.0002620
-63.81%
100 MONKAS$0.0001897$0.0005241
-63.81%
500 MONKAS$0.0009483$0.002620
-63.81%
1000 MONKAS$0.001897$0.005241
-63.81%

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}2988 in 2025.

What will the price of MONKAS be in 2030?

In 2030, the MONKAS price is expected to change by +4.00%. By the end of 2030, the MONKAS price is projected to reach $0.{5}3895, with a cumulative ROI of +91.87%.

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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.