PNIC
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 Phoenic(PNIC) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 PNIC at a value of 1 PNIC for 201.39 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 Phoenic currency pair is the PNIC to UGX, with for Phoenic's currency code being PNIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
PNIC to UGX conversion rate trend
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In the past 1D, Phoenic has changed +4.34% to UGX. Based on the trend and price charts, Phoenic(PNIC) has changed +4.34% to UGX while Ugandan Shilling(UGX) has changed % to PNIC in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh202.03 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/22 16:32:05(UTC+0)
How to buy Phoenic
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 identity by entering your personal information and uploading a valid photo ID.
Buy Phoenic (PNIC)
Use a variety of payment options to buy Phoenic on Bitget. We'll show you how.
Buy PNIC (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of PNIC with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy PNIC 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 PNIC (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of PNIC to UGX. However, you can first exchange PNIC 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 Phoenic to Ugandan Shilling?
Phoenic to Ugandan Shilling is falling this week.Phoenic's current market price is Sh 201.39 per PNIC, with a total market cap of Sh 0 UGX based on a circulating supply of -- PNIC. The trading volume of Phoenic has changed by -66.93% (Sh -1,349,547,450.00 UGX) in the last 24 hours. Last trading day, PNIC's trading volume was Sh 2,016,230,043.83.
Market cap
$0
24h volume
$182.47K
Circulating supply
0 PNIC
Conversion tables
The exchange rate of Phoenic is increasing.1 PNIC is currently valued at Sh 201.39 UGX , which means buying 5 PNIC will cost Sh 1,006.97 UGX . Similarly, Sh1 UGX can be traded for 0.004965 PNIC, and Sh50 UGX can be converted to 0.2483 PNIC, excluding any platform or gas fees.
The exchange rate of 1 PNIC to Ugandan Shilling has changed by -24.62% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.34%, reaching a high of 227.01 UGX and a low of 188.39 UGX . One month ago, the value of 1 PNIC was Sh 146.26 UGX , which represents a +37.75% change from its current value. Over the last year, Phoenic has changed by , resulting in a change of -1.22% in its value.
-Sh
2.49UGXPNIC to UGX
Amount
17:58 today
0.5 PNIC
Sh100.7
1 PNIC
Sh201.39
5 PNIC
Sh1,006.97
10 PNIC
Sh2,013.95
50 PNIC
Sh10,069.74
100 PNIC
Sh20,139.48
500 PNIC
Sh100,697.41
1000 PNIC
Sh201,394.81
UGX to PNIC
Amount17:58 today
0.5UGX0.002483 PNIC
1UGX0.004965 PNIC
5UGX0.02483 PNIC
10UGX0.04965 PNIC
50UGX0.2483 PNIC
100UGX0.4965 PNIC
500UGX2.48 PNIC
1000UGX4.97 PNIC
Today vs. 24 hours ago
| Amount | 17:58 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PNIC | $0.02756 | $0.02642 | +4.34% |
| 1 PNIC | $0.05512 | $0.05283 | +4.34% |
| 5 PNIC | $0.2756 | $0.2642 | +4.34% |
| 10 PNIC | $0.5512 | $0.5283 | +4.34% |
| 50 PNIC | $2.76 | $2.64 | +4.34% |
| 100 PNIC | $5.51 | $5.28 | +4.34% |
| 500 PNIC | $27.56 | $26.42 | +4.34% |
| 1000 PNIC | $55.12 | $52.83 | +4.34% |
Today vs. 1 month ago
| Amount | 17:58 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PNIC | $0.02756 | $0.02002 | +37.75% |
| 1 PNIC | $0.05512 | $0.04003 | +37.75% |
| 5 PNIC | $0.2756 | $0.2002 | +37.75% |
| 10 PNIC | $0.5512 | $0.4003 | +37.75% |
| 50 PNIC | $2.76 | $2 | +37.75% |
| 100 PNIC | $5.51 | $4 | +37.75% |
| 500 PNIC | $27.56 | $20.02 | +37.75% |
| 1000 PNIC | $55.12 | $40.03 | +37.75% |
Today vs. 1 year ago
| Amount | 17:58 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PNIC | $0.02756 | $0.02790 | -1.22% |
| 1 PNIC | $0.05512 | $0.05580 | -1.22% |
| 5 PNIC | $0.2756 | $0.2790 | -1.22% |
| 10 PNIC | $0.5512 | $0.5580 | -1.22% |
| 50 PNIC | $2.76 | $2.79 | -1.22% |
| 100 PNIC | $5.51 | $5.58 | -1.22% |
| 500 PNIC | $27.56 | $27.9 | -1.22% |
| 1000 PNIC | $55.12 | $55.8 | -1.22% |
Phoenic price prediction
What will the price of PNIC be in 2025?
Based on PNIC's historical price performance prediction model, the price of PNIC is projected to reach $0.06671 in 2025.
What will the price of PNIC be in 2030?
In 2030, the PNIC price is expected to change by -15.00%. By the end of 2030, the PNIC price is projected to reach $0.07793, with a cumulative ROI of +24.97%.
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Popular Phoenic conversions
Check out these popular currency conversions of Phoenic to several fiat currencies.
Phoenic to USD
1 PNIC to $ 0.05512 USD
Phoenic to GBP
1 PNIC to £ 0.04386 GBP
Phoenic to EUR
1 PNIC to € 0.05285 EUR
Phoenic to KRW
1 PNIC to ₩ 79.73 KRW
Phoenic to CAD
1 PNIC to $ 0.07914 CAD
Phoenic to AUD
1 PNIC to $ 0.08818 AUD
Phoenic to JPY
1 PNIC to ¥ 8.62 JPY
Phoenic to BRL
1 PNIC to R$ 0.3355 BRL
Phoenic to CNY
1 PNIC to ¥ 0.4022 CNY
Phoenic to TWD
1 PNIC to NT$ 1.8 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 Phoenic 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 Phoenic 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 Phoenic 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.
