OBSR
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 Observer(OBSR) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 OBSR at a value of 1 OBSR for 7.09 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 Observer currency pair is the OBSR to UGX, with for Observer's currency code being OBSR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
OBSR to UGX conversion rate trend
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In the past 1D, Observer has changed +11.23% to UGX. Based on the trend and price charts, Observer(OBSR) has changed +11.23% to UGX while Ugandan Shilling(UGX) has changed % to OBSR in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh7.1 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/22 08:30:39(UTC+0)
How to buy Observer
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Observer (OBSR)
Use a variety of payment options to buy Observer on Bitget. We'll show you how.
Buy OBSR (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of OBSR with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy OBSR 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 OBSR (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of OBSR to UGX. However, you can first exchange OBSR 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 Observer to Ugandan Shilling?
Observer to Ugandan Shilling is falling this week.Observer's current market price is Sh 7.09 per OBSR, with a total market cap of Sh 43,288,264,833.59 UGX based on a circulating supply of 6,107,080,700 OBSR. The trading volume of Observer has changed by +5071.97% (Sh 22,396,553,417.09 UGX) in the last 24 hours. Last trading day, OBSR's trading volume was Sh 441,575,289.73.
Market cap
$11.85M
24h volume
$6.25M
Circulating supply
6.11B OBSR
Conversion tables
The exchange rate of Observer is increasing.1 OBSR is currently valued at Sh 7.09 UGX , which means buying 5 OBSR will cost Sh 35.44 UGX . Similarly, Sh1 UGX can be traded for 0.1411 OBSR, and Sh50 UGX can be converted to 7.05 OBSR, excluding any platform or gas fees.
The exchange rate of 1 OBSR to Ugandan Shilling has changed by -10.36% in the last 7 days. In the last 24 hours, the rate has fluctuated by +11.23%, reaching a high of 7.69 UGX and a low of 6.61 UGX . One month ago, the value of 1 OBSR was Sh 6.42 UGX , which represents a +10.38% change from its current value. Over the last year, Observer has changed by , resulting in a change of -4.90% in its value.
-Sh
0.3650UGXOBSR to UGX
Amount
14:37 today
0.5 OBSR
Sh3.54
1 OBSR
Sh7.09
5 OBSR
Sh35.44
10 OBSR
Sh70.88
50 OBSR
Sh354.41
100 OBSR
Sh708.82
500 OBSR
Sh3,544.1
1000 OBSR
Sh7,088.21
UGX to OBSR
Amount14:37 today
0.5UGX0.07054 OBSR
1UGX0.1411 OBSR
5UGX0.7054 OBSR
10UGX1.41 OBSR
50UGX7.05 OBSR
100UGX14.11 OBSR
500UGX70.54 OBSR
1000UGX141.08 OBSR
Today vs. 24 hours ago
| Amount | 14:37 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 OBSR | $0.0009700 | $0.0008721 | +11.23% |
| 1 OBSR | $0.001940 | $0.001744 | +11.23% |
| 5 OBSR | $0.009700 | $0.008721 | +11.23% |
| 10 OBSR | $0.01940 | $0.01744 | +11.23% |
| 50 OBSR | $0.09700 | $0.08721 | +11.23% |
| 100 OBSR | $0.1940 | $0.1744 | +11.23% |
| 500 OBSR | $0.9700 | $0.8721 | +11.23% |
| 1000 OBSR | $1.94 | $1.74 | +11.23% |
Today vs. 1 month ago
| Amount | 14:37 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 OBSR | $0.0009700 | $0.0008788 | +10.38% |
| 1 OBSR | $0.001940 | $0.001758 | +10.38% |
| 5 OBSR | $0.009700 | $0.008788 | +10.38% |
| 10 OBSR | $0.01940 | $0.01758 | +10.38% |
| 50 OBSR | $0.09700 | $0.08788 | +10.38% |
| 100 OBSR | $0.1940 | $0.1758 | +10.38% |
| 500 OBSR | $0.9700 | $0.8788 | +10.38% |
| 1000 OBSR | $1.94 | $1.76 | +10.38% |
Today vs. 1 year ago
| Amount | 14:37 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 OBSR | $0.0009700 | $0.001020 | -4.90% |
| 1 OBSR | $0.001940 | $0.002040 | -4.90% |
| 5 OBSR | $0.009700 | $0.01020 | -4.90% |
| 10 OBSR | $0.01940 | $0.02040 | -4.90% |
| 50 OBSR | $0.09700 | $0.1020 | -4.90% |
| 100 OBSR | $0.1940 | $0.2040 | -4.90% |
| 500 OBSR | $0.9700 | $1.02 | -4.90% |
| 1000 OBSR | $1.94 | $2.04 | -4.90% |
Observer price prediction
What will the price of OBSR be in 2025?
Based on OBSR's historical price performance prediction model, the price of OBSR is projected to reach $0.002055 in 2025.
What will the price of OBSR be in 2030?
In 2030, the OBSR price is expected to change by +1.00%. By the end of 2030, the OBSR price is projected to reach $0.003799, with a cumulative ROI of +107.50%.
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Popular Observer conversions
Check out these popular currency conversions of Observer to several fiat currencies.
Observer to USD
1 OBSR to $ 0.001940 USD
Observer to GBP
1 OBSR to £ 0.001544 GBP
Observer to EUR
1 OBSR to € 0.001860 EUR
Observer to KRW
1 OBSR to ₩ 2.81 KRW
Observer to CAD
1 OBSR to $ 0.002786 CAD
Observer to AUD
1 OBSR to $ 0.003104 AUD
Observer to JPY
1 OBSR to ¥ 0.3035 JPY
Observer to BRL
1 OBSR to R$ 0.01181 BRL
Observer to CNY
1 OBSR to ¥ 0.01416 CNY
Observer to TWD
1 OBSR to NT$ 0.06331 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 Observer 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 Observer 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 Observer 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.
