VELO
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 Velodrome Finance(VELO) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 VELO at a value of 1 VELO for 659.17 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 Velodrome Finance currency pair is the VELO to UGX, with for Velodrome Finance's currency code being VELO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
VELO to UGX conversion rate trend
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In the past 1D, Velodrome Finance has changed -10.10% to UGX. Based on the trend and price charts, Velodrome Finance(VELO) has changed -10.10% to UGX while Ugandan Shilling(UGX) has changed % to VELO in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh654.98 | 0.0200% / 0.0320%  VIP 7 | |
Binance | Sh655.46 | 0.1000% / 0.1000% | Yes |
OKX | Sh655.6 | 0.080% / 0.100% | Yes |
Gate.io | Sh655.24 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 08:00:16(UTC+0)
How to buy Velodrome Finance
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Buy Velodrome Finance (VELO)
Use a variety of payment options to buy Velodrome Finance on Bitget. We'll show you how.
Learn MoreBuy VELO (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of VELO with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy VELO 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 VELO (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of VELO to UGX. However, you can first exchange VELO 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 Velodrome Finance to Ugandan Shilling?
Velodrome Finance to Ugandan Shilling is falling this week.Velodrome Finance's current market price is Sh 659.17 per VELO, with a total market cap of Sh 581,807,537,053.06 UGX based on a circulating supply of 882,640,500 VELO. The trading volume of Velodrome Finance has changed by -58.39% (Sh -214,464,983,544.81 UGX) in the last 24 hours. Last trading day, VELO's trading volume was Sh 367,279,212,960.49.
Market cap
$159.24M
24h volume
$41.83M
Circulating supply
882.64M VELO
Conversion tables
The exchange rate of Velodrome Finance is increasing.1 VELO is currently valued at Sh 659.17 UGX , which means buying 5 VELO will cost Sh 3,295.83 UGX . Similarly, Sh1 UGX can be traded for 0.001517 VELO, and Sh50 UGX can be converted to 0.07585 VELO, excluding any platform or gas fees.
The exchange rate of 1 VELO to Ugandan Shilling has changed by -25.54% in the last 7 days. In the last 24 hours, the rate has fluctuated by -10.10%, reaching a high of 720.05 UGX and a low of 646.42 UGX . One month ago, the value of 1 VELO was Sh 347.84 UGX , which represents a +89.50% change from its current value. Over the last year, Velodrome Finance has changed by , resulting in a change of +180.33% in its value.
+Sh
424.03UGXVELO to UGX
Amount
08:36 am today
0.5 VELO
Sh329.58
1 VELO
Sh659.17
5 VELO
Sh3,295.83
10 VELO
Sh6,591.67
50 VELO
Sh32,958.35
100 VELO
Sh65,916.7
500 VELO
Sh329,583.5
1000 VELO
Sh659,166.99
UGX to VELO
Amount08:36 am today
0.5UGX0.0007585 VELO
1UGX0.001517 VELO
5UGX0.007585 VELO
10UGX0.01517 VELO
50UGX0.07585 VELO
100UGX0.1517 VELO
500UGX0.7585 VELO
1000UGX1.52 VELO
Today vs. 24 hours ago
| Amount | 08:36 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 VELO | $0.09021 | $0.1003 | -10.10% |
| 1 VELO | $0.1804 | $0.2007 | -10.10% |
| 5 VELO | $0.9021 | $1 | -10.10% |
| 10 VELO | $1.8 | $2.01 | -10.10% |
| 50 VELO | $9.02 | $10.03 | -10.10% |
| 100 VELO | $18.04 | $20.07 | -10.10% |
| 500 VELO | $90.21 | $100.34 | -10.10% |
| 1000 VELO | $180.42 | $200.68 | -10.10% |
Today vs. 1 month ago
| Amount | 08:36 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 VELO | $0.09021 | $0.04760 | +89.50% |
| 1 VELO | $0.1804 | $0.09520 | +89.50% |
| 5 VELO | $0.9021 | $0.4760 | +89.50% |
| 10 VELO | $1.8 | $0.9520 | +89.50% |
| 50 VELO | $9.02 | $4.76 | +89.50% |
| 100 VELO | $18.04 | $9.52 | +89.50% |
| 500 VELO | $90.21 | $47.6 | +89.50% |
| 1000 VELO | $180.42 | $95.2 | +89.50% |
Today vs. 1 year ago
| Amount | 08:36 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 VELO | $0.09021 | $0.03218 | +180.33% |
| 1 VELO | $0.1804 | $0.06436 | +180.33% |
| 5 VELO | $0.9021 | $0.3218 | +180.33% |
| 10 VELO | $1.8 | $0.6436 | +180.33% |
| 50 VELO | $9.02 | $3.22 | +180.33% |
| 100 VELO | $18.04 | $6.44 | +180.33% |
| 500 VELO | $90.21 | $32.18 | +180.33% |
| 1000 VELO | $180.42 | $64.36 | +180.33% |
Velodrome Finance price prediction
What will the price of VELO be in 2025?
Based on VELO's historical price performance prediction model, the price of VELO is projected to reach $0.3074 in 2025.
What will the price of VELO be in 2030?
In 2030, the VELO price is expected to change by +6.00%. By the end of 2030, the VELO price is projected to reach $0.3101, with a cumulative ROI of +37.45%.
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Popular Velodrome Finance conversions
Check out these popular currency conversions of Velodrome Finance to several fiat currencies.
Velodrome Finance to USD
1 VELO to $ 0.1804 USD
Velodrome Finance to GBP
1 VELO to £ 0.1436 GBP
Velodrome Finance to EUR
1 VELO to € 0.1730 EUR
Velodrome Finance to KRW
1 VELO to ₩ 260.96 KRW
Velodrome Finance to CAD
1 VELO to $ 0.2593 CAD
Velodrome Finance to AUD
1 VELO to $ 0.2886 AUD
Velodrome Finance to JPY
1 VELO to ¥ 28.23 JPY
Velodrome Finance to BRL
1 VELO to R$ 1.1 BRL
Velodrome Finance to CNY
1 VELO to ¥ 1.32 CNY
Velodrome Finance to TWD
1 VELO to NT$ 5.89 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 Velodrome Finance 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 Velodrome Finance 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 Velodrome Finance 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.
