SMT
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 Swarm Markets(SMT) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 SMT at a value of 1 SMT for 918.60 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 Swarm Markets currency pair is the SMT to UGX, with for Swarm Markets's currency code being SMT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
SMT to UGX conversion rate trend
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In the past 1D, Swarm Markets has changed -5.37% to UGX. Based on the trend and price charts, Swarm Markets(SMT) has changed -5.37% to UGX while Ugandan Shilling(UGX) has changed % to SMT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh915.84 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | Sh906.46 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 16:00:12(UTC+0)
How to buy Swarm Markets
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.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Swarm Markets (SMT)
Use a variety of payment options to buy Swarm Markets on Bitget. We'll show you how.
Buy SMT (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of SMT with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy SMT 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 SMT (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of SMT to UGX. However, you can first exchange SMT 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 Swarm Markets to Ugandan Shilling?
Swarm Markets to Ugandan Shilling is falling this week.Swarm Markets's current market price is Sh 918.6 per SMT, with a total market cap of Sh 77,106,546,057.23 UGX based on a circulating supply of 83,939,496 SMT. The trading volume of Swarm Markets has changed by -23.66% (Sh -414,252,162.46 UGX) in the last 24 hours. Last trading day, SMT's trading volume was Sh 1,751,061,674.5.
Market cap
$21.10M
24h volume
$365.89K
Circulating supply
83.94M SMT
Conversion tables
The exchange rate of Swarm Markets is increasing.1 SMT is currently valued at Sh 918.6 UGX , which means buying 5 SMT will cost Sh 4,592.98 UGX . Similarly, Sh1 UGX can be traded for 0.001089 SMT, and Sh50 UGX can be converted to 0.05443 SMT, excluding any platform or gas fees.
The exchange rate of 1 SMT to Ugandan Shilling has changed by -28.89% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.37%, reaching a high of 975.55 UGX and a low of 903.72 UGX . One month ago, the value of 1 SMT was Sh 717.78 UGX , which represents a +27.82% change from its current value. Over the last year, Swarm Markets has changed by , resulting in a change of -16.93% in its value.
-Sh
188.08UGXSMT to UGX
Amount
18:27 today
0.5 SMT
Sh459.3
1 SMT
Sh918.6
5 SMT
Sh4,592.98
10 SMT
Sh9,185.97
50 SMT
Sh45,929.84
100 SMT
Sh91,859.67
500 SMT
Sh459,298.37
1000 SMT
Sh918,596.74
UGX to SMT
Amount18:27 today
0.5UGX0.0005443 SMT
1UGX0.001089 SMT
5UGX0.005443 SMT
10UGX0.01089 SMT
50UGX0.05443 SMT
100UGX0.1089 SMT
500UGX0.5443 SMT
1000UGX1.09 SMT
Today vs. 24 hours ago
| Amount | 18:27 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SMT | $0.1257 | $0.1329 | -5.37% |
| 1 SMT | $0.2514 | $0.2658 | -5.37% |
| 5 SMT | $1.26 | $1.33 | -5.37% |
| 10 SMT | $2.51 | $2.66 | -5.37% |
| 50 SMT | $12.57 | $13.29 | -5.37% |
| 100 SMT | $25.14 | $26.58 | -5.37% |
| 500 SMT | $125.71 | $132.88 | -5.37% |
| 1000 SMT | $251.42 | $265.76 | -5.37% |
Today vs. 1 month ago
| Amount | 18:27 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SMT | $0.1257 | $0.09823 | +27.82% |
| 1 SMT | $0.2514 | $0.1965 | +27.82% |
| 5 SMT | $1.26 | $0.9823 | +27.82% |
| 10 SMT | $2.51 | $1.96 | +27.82% |
| 50 SMT | $12.57 | $9.82 | +27.82% |
| 100 SMT | $25.14 | $19.65 | +27.82% |
| 500 SMT | $125.71 | $98.23 | +27.82% |
| 1000 SMT | $251.42 | $196.46 | +27.82% |
Today vs. 1 year ago
| Amount | 18:27 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SMT | $0.1257 | $0.1514 | -16.93% |
| 1 SMT | $0.2514 | $0.3029 | -16.93% |
| 5 SMT | $1.26 | $1.51 | -16.93% |
| 10 SMT | $2.51 | $3.03 | -16.93% |
| 50 SMT | $12.57 | $15.14 | -16.93% |
| 100 SMT | $25.14 | $30.29 | -16.93% |
| 500 SMT | $125.71 | $151.45 | -16.93% |
| 1000 SMT | $251.42 | $302.9 | -16.93% |
Swarm Markets price prediction
What will the price of SMT be in 2025?
Based on SMT's historical price performance prediction model, the price of SMT is projected to reach $0.3394 in 2025.
What will the price of SMT be in 2030?
In 2030, the SMT price is expected to change by +3.00%. By the end of 2030, the SMT price is projected to reach $0.4150, with a cumulative ROI of +62.93%.
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Popular Swarm Markets conversions
Check out these popular currency conversions of Swarm Markets to several fiat currencies.
Swarm Markets to USD
1 SMT to $ 0.2514 USD
Swarm Markets to GBP
1 SMT to £ 0.2001 GBP
Swarm Markets to EUR
1 SMT to € 0.2410 EUR
Swarm Markets to KRW
1 SMT to ₩ 363.66 KRW
Swarm Markets to CAD
1 SMT to $ 0.3610 CAD
Swarm Markets to AUD
1 SMT to $ 0.4022 AUD
Swarm Markets to JPY
1 SMT to ¥ 39.33 JPY
Swarm Markets to BRL
1 SMT to R$ 1.53 BRL
Swarm Markets to CNY
1 SMT to ¥ 1.83 CNY
Swarm Markets to TWD
1 SMT to NT$ 8.2 TWD
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1 IDEX to Sh 218.98 UGX
BitTorrent [New] to UGX
1 BTT to Sh 0.004102 UGX
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1 SHOGGOTH to Sh 199.37 UGX
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FTX Token to UGX
1 FTT to Sh 10,743.87 UGX
LUCE to UGX
1 LUCE to Sh 316.55 UGX
HEX (PulseChain) to UGX
1 HEX to Sh 57.74 UGX
DeXe to UGX
1 DEXE to Sh 36,983.72 UGX
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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 Swarm Markets 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 Swarm Markets 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 Swarm Markets 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.
