REN
KES
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 Ren(REN) to Kenyan Shilling(KES). This is the real-time data. The current conversion shows 1 REN at a value of 1 REN for 5.24 KES . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
KES information
About Kenyan Shilling (KES)
The Kenyan Shilling (KES), introduced in 1966, replaced the East African Shilling to become the official currency of Kenya. It is commonly abbreviated as KES and represented by the symbol KSh. This change was a significant milestone in Kenya's journey towards economic independence and sovereignty. The Kenyan Shilling is more than just a medium of financial transaction; it reflects the country's rich cultural heritage, economic challenges, and aspirations.
Historical Background
The adoption of the Kenyan Shilling was a key step in post-colonial Kenya's economic development. It symbolized a break away from the East African Currency Board arrangement and was a crucial part of establishing a separate monetary identity following independence in 1963.
Design and Symbolism
The design of the Kenyan Shilling incorporates elements of Kenya's diverse culture and rich natural heritage. Banknotes and coins feature images of Kenya's founding father, Jomo Kenyatta, and later Mzee Jomo Kenyatta, and other prominent figures, along with various wildlife species, showcasing Kenya's commitment to preserving its natural and cultural heritage.
Economic Role
The Kenyan Shilling is central to Kenya's economy, which is one of the largest and most dynamic in East Africa. The currency facilitates trade in key sectors such as agriculture, tourism, manufacturing, and services. The stability and value of the Shilling are vital for economic growth and the well-being of Kenyan citizens.
Monetary Policy and Inflation
The Central Bank of Kenya manages the Shilling, implementing monetary policies aimed at maintaining currency stability and controlling inflation. These policies are essential for fostering a favorable economic environment and encouraging investment.
The Shilling in International Trade
The Kenyan Shilling's exchange rate is crucial in international trade, especially for Kenya's exports like tea, coffee, and horticultural products. A stable exchange rate is essential for maintaining competitive export prices and attracting foreign investments.
Remittances and Economic Impact
Remittances from Kenyans living abroad, particularly in North America and Europe, are a significant source of foreign income. These funds, exchanged for Shillings, support many families and contribute to the national economy.
Bitget crypto-to-fiat exchange data shows that the most popular Ren currency pair is the REN to KES, with for Ren's currency code being REN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KES.
REN to KES conversion rate trend
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In the past 1D, Ren has changed +33.74% to KES. Based on the trend and price charts, Ren(REN) has changed +33.74% to KES while Kenyan Shilling(KES) has changed % to REN in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh3.82 | 0.0200% / 0.0320%  VIP 7 | |
Binance | Sh5.5 | 0.1000% / 0.1000% | Yes |
OKX | Sh4.67 | 0.080% / 0.100% | Yes |
Huobi | Sh5.33 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh3.82 | 0.1000% / 0.1000% | Yes |
Bybit | Sh3.83 | 0.1000% / 0.1000% | Yes |
KuCoin | Sh3.8 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 08:00:23(UTC+0)
How to buy Ren
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Ren (REN)
Use a variety of payment options to buy Ren on Bitget. We'll show you how.
Learn MoreBuy REN (or USDT) for KES (Kenyan Shilling) offers
Bitget P2P trading does not currently support direct buying of REN with KES. However, you can buy USDT in Bitget P2P trading first, and then buy REN 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 REN (or USDT) for KES (Kenyan Shilling) offers
Bitget P2P trading currently does not support direct selling of REN to KES. However, you can first exchange REN 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 Ren to Kenyan Shilling?
Ren to Kenyan Shilling is falling this week.Ren's current market price is Sh 5.24 per REN, with a total market cap of Sh 5,240,642,391.92 KES based on a circulating supply of 999,330,500 REN. The trading volume of Ren has changed by -22.55% (Sh -55,808,579.74 KES) in the last 24 hours. Last trading day, REN's trading volume was Sh 247,516,697.02.
Market cap
$40.76M
24h volume
$1.49M
Circulating supply
999.33M REN
Conversion tables
The exchange rate of Ren is decreasing.1 REN is currently valued at Sh 5.24 KES , which means buying 5 REN will cost Sh 26.22 KES . Similarly, Sh1 KES can be traded for 0.1907 REN, and Sh50 KES can be converted to 9.53 REN, excluding any platform or gas fees.
The exchange rate of 1 REN to Kenyan Shilling has changed by -0.37% in the last 7 days. In the last 24 hours, the rate has fluctuated by +33.74%, reaching a high of 5.26 KES and a low of 3.73 KES . One month ago, the value of 1 REN was Sh 5.69 KES , which represents a -7.78% change from its current value. Over the last year, Ren has changed by , resulting in a change of -39.23% in its value.
-Sh
3.38KESREN to KES
Amount
12:54 today
0.5 REN
Sh2.62
1 REN
Sh5.24
5 REN
Sh26.22
10 REN
Sh52.44
50 REN
Sh262.21
100 REN
Sh524.42
500 REN
Sh2,622.08
1000 REN
Sh5,244.15
KES to REN
Amount12:54 today
0.5KES0.09534 REN
1KES0.1907 REN
5KES0.9534 REN
10KES1.91 REN
50KES9.53 REN
100KES19.07 REN
500KES95.34 REN
1000KES190.69 REN
Today vs. 24 hours ago
| Amount | 12:54 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 REN | $0.02039 | $0.01525 | +33.74% |
| 1 REN | $0.04078 | $0.03050 | +33.74% |
| 5 REN | $0.2039 | $0.1525 | +33.74% |
| 10 REN | $0.4078 | $0.3050 | +33.74% |
| 50 REN | $2.04 | $1.53 | +33.74% |
| 100 REN | $4.08 | $3.05 | +33.74% |
| 500 REN | $20.39 | $15.25 | +33.74% |
| 1000 REN | $40.78 | $30.5 | +33.74% |
Today vs. 1 month ago
| Amount | 12:54 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 REN | $0.02039 | $0.02211 | -7.78% |
| 1 REN | $0.04078 | $0.04422 | -7.78% |
| 5 REN | $0.2039 | $0.2211 | -7.78% |
| 10 REN | $0.4078 | $0.4422 | -7.78% |
| 50 REN | $2.04 | $2.21 | -7.78% |
| 100 REN | $4.08 | $4.42 | -7.78% |
| 500 REN | $20.39 | $22.11 | -7.78% |
| 1000 REN | $40.78 | $44.22 | -7.78% |
Today vs. 1 year ago
| Amount | 12:54 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 REN | $0.02039 | $0.03354 | -39.23% |
| 1 REN | $0.04078 | $0.06709 | -39.23% |
| 5 REN | $0.2039 | $0.3354 | -39.23% |
| 10 REN | $0.4078 | $0.6709 | -39.23% |
| 50 REN | $2.04 | $3.35 | -39.23% |
| 100 REN | $4.08 | $6.71 | -39.23% |
| 500 REN | $20.39 | $33.54 | -39.23% |
| 1000 REN | $40.78 | $67.09 | -39.23% |
Ren price prediction
What will the price of REN be in 2025?
Based on REN's historical price performance prediction model, the price of REN is projected to reach $0.05075 in 2025.
What will the price of REN be in 2030?
In 2030, the REN price is expected to change by -20.00%. By the end of 2030, the REN price is projected to reach $0.08650, with a cumulative ROI of +114.01%.
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Popular Ren conversions
Check out these popular currency conversions of Ren to several fiat currencies.
Ren to USD
1 REN to $ 0.04078 USD
Ren to GBP
1 REN to £ 0.03244 GBP
Ren to EUR
1 REN to € 0.03910 EUR
Ren to KRW
1 REN to ₩ 58.99 KRW
Ren to CAD
1 REN to $ 0.05856 CAD
Ren to AUD
1 REN to $ 0.06524 AUD
Ren to JPY
1 REN to ¥ 6.38 JPY
Ren to BRL
1 REN to R$ 0.2482 BRL
Ren to CNY
1 REN to ¥ 0.2976 CNY
Ren to TWD
1 REN to NT$ 1.33 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 Ren and KES.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Ren and KES. 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 Ren in KES, 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.
