SOC
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 socrates(SOC) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 SOC at a value of 1 SOC for 255.63 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 socrates currency pair is the SOC to UGX, with for socrates's currency code being SOC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
SOC to UGX conversion rate trend
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In the past 1D, socrates has changed +5.02% to UGX. Based on the trend and price charts, socrates(SOC) has changed +5.02% to UGX while Ugandan Shilling(UGX) has changed % to SOC in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh255.63 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/23 16:33:25(UTC+0)
How to buy socrates
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Buy socrates (SOC)
Use a variety of payment options to buy socrates on Bitget. We'll show you how.
Buy SOC (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of SOC with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy SOC 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 SOC (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of SOC to UGX. However, you can first exchange SOC 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 socrates to Ugandan Shilling?
socrates to Ugandan Shilling is rising this week.socrates's current market price is Sh 255.63 per SOC, with a total market cap of Sh 0 UGX based on a circulating supply of -- SOC. The trading volume of socrates has changed by +96.14% (Sh 2,961,522.37 UGX) in the last 24 hours. Last trading day, SOC's trading volume was Sh 3,080,269.85.
Market cap
$0
24h volume
$1.64K
Circulating supply
0 SOC
Conversion tables
The exchange rate of socrates is increasing.1 SOC is currently valued at Sh 255.63 UGX , which means buying 5 SOC will cost Sh 1,278.14 UGX . Similarly, Sh1 UGX can be traded for 0.003912 SOC, and Sh50 UGX can be converted to 0.1956 SOC, excluding any platform or gas fees.
The exchange rate of 1 SOC to Ugandan Shilling has changed by +8.62% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.02%, reaching a high of 255.63 UGX and a low of 221.19 UGX . One month ago, the value of 1 SOC was Sh 218.36 UGX , which represents a +17.07% change from its current value. Over the last year, socrates has changed by , resulting in a change of -82.91% in its value.
-Sh
1,240.53UGXSOC to UGX
Amount
17:09 today
0.5 SOC
Sh127.81
1 SOC
Sh255.63
5 SOC
Sh1,278.14
10 SOC
Sh2,556.28
50 SOC
Sh12,781.39
100 SOC
Sh25,562.77
500 SOC
Sh127,813.87
1000 SOC
Sh255,627.75
UGX to SOC
Amount17:09 today
0.5UGX0.001956 SOC
1UGX0.003912 SOC
5UGX0.01956 SOC
10UGX0.03912 SOC
50UGX0.1956 SOC
100UGX0.3912 SOC
500UGX1.96 SOC
1000UGX3.91 SOC
Today vs. 24 hours ago
| Amount | 17:09 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SOC | $0.03474 | $0.03308 | +5.02% |
| 1 SOC | $0.06947 | $0.06615 | +5.02% |
| 5 SOC | $0.3474 | $0.3308 | +5.02% |
| 10 SOC | $0.6947 | $0.6615 | +5.02% |
| 50 SOC | $3.47 | $3.31 | +5.02% |
| 100 SOC | $6.95 | $6.62 | +5.02% |
| 500 SOC | $34.74 | $33.08 | +5.02% |
| 1000 SOC | $69.47 | $66.15 | +5.02% |
Today vs. 1 month ago
| Amount | 17:09 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SOC | $0.03474 | $0.02967 | +17.07% |
| 1 SOC | $0.06947 | $0.05935 | +17.07% |
| 5 SOC | $0.3474 | $0.2967 | +17.07% |
| 10 SOC | $0.6947 | $0.5935 | +17.07% |
| 50 SOC | $3.47 | $2.97 | +17.07% |
| 100 SOC | $6.95 | $5.93 | +17.07% |
| 500 SOC | $34.74 | $29.67 | +17.07% |
| 1000 SOC | $69.47 | $59.35 | +17.07% |
Today vs. 1 year ago
| Amount | 17:09 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SOC | $0.03474 | $0.2033 | -82.91% |
| 1 SOC | $0.06947 | $0.4066 | -82.91% |
| 5 SOC | $0.3474 | $2.03 | -82.91% |
| 10 SOC | $0.6947 | $4.07 | -82.91% |
| 50 SOC | $3.47 | $20.33 | -82.91% |
| 100 SOC | $6.95 | $40.66 | -82.91% |
| 500 SOC | $34.74 | $203.31 | -82.91% |
| 1000 SOC | $69.47 | $406.63 | -82.91% |
socrates price prediction
What will the price of SOC be in 2025?
Based on SOC's historical price performance prediction model, the price of SOC is projected to reach $0.1344 in 2025.
What will the price of SOC be in 2030?
In 2030, the SOC price is expected to change by -18.00%. By the end of 2030, the SOC price is projected to reach $0.2123, with a cumulative ROI of +215.50%.
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Popular socrates conversions
Check out these popular currency conversions of socrates to several fiat currencies.
socrates to USD
1 SOC to $ 0.06947 USD
socrates to GBP
1 SOC to £ 0.05552 GBP
socrates to EUR
1 SOC to € 0.06681 EUR
socrates to KRW
1 SOC to ₩ 100.89 KRW
socrates to CAD
1 SOC to $ 0.1001 CAD
socrates to AUD
1 SOC to $ 0.1115 AUD
socrates to JPY
1 SOC to ¥ 10.92 JPY
socrates to BRL
1 SOC to R$ 0.4291 BRL
socrates to CNY
1 SOC to ¥ 0.5074 CNY
socrates to TWD
1 SOC to NT$ 2.27 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 socrates 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 socrates 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 socrates 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.
