COVN
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 Covenant(COVN) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 COVN at a value of 1 COVN for 44.02 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 Covenant currency pair is the COVN to UGX, with for Covenant's currency code being COVN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
COVN to UGX conversion rate trend
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In the past 1D, Covenant has changed +0.19% to UGX. Based on the trend and price charts, Covenant(COVN) has changed +0.19% to UGX while Ugandan Shilling(UGX) has changed % to COVN in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh44.45 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/31 08:33:03(UTC+0)
How to buy Covenant
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Buy Covenant (COVN)
Use a variety of payment options to buy Covenant on Bitget. We'll show you how.
Buy COVN (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of COVN with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy COVN with USDT via Bitget spot market.
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Sell COVN (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of COVN to UGX. However, you can first exchange COVN 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 Covenant to Ugandan Shilling?
Covenant to Ugandan Shilling is falling this week.Covenant's current market price is Sh 44.02 per COVN, with a total market cap of Sh 0 UGX based on a circulating supply of -- COVN. The trading volume of Covenant has changed by +66.81% (Sh 13,476,486.57 UGX) in the last 24 hours. Last trading day, COVN's trading volume was Sh 20,170,636.84.
Market cap
$0
24h volume
$9.17K
Circulating supply
0 COVN
Conversion tables
The exchange rate of Covenant is decreasing.1 COVN is currently valued at Sh 44.02 UGX , which means buying 5 COVN will cost Sh 220.11 UGX . Similarly, Sh1 UGX can be traded for 0.02272 COVN, and Sh50 UGX can be converted to 1.14 COVN, excluding any platform or gas fees.
The exchange rate of 1 COVN to Ugandan Shilling has changed by -5.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.19%, reaching a high of 45.68 UGX and a low of 39.1 UGX . One month ago, the value of 1 COVN was Sh 53.4 UGX , which represents a -17.57% change from its current value. Over the last year, Covenant has changed by , resulting in a change of -89.54% in its value.
-Sh
376.78UGXCOVN to UGX
Amount
10:17 am today
0.5 COVN
Sh22.01
1 COVN
Sh44.02
5 COVN
Sh220.11
10 COVN
Sh440.22
50 COVN
Sh2,201.08
100 COVN
Sh4,402.16
500 COVN
Sh22,010.79
1000 COVN
Sh44,021.58
UGX to COVN
Amount10:17 am today
0.5UGX0.01136 COVN
1UGX0.02272 COVN
5UGX0.1136 COVN
10UGX0.2272 COVN
50UGX1.14 COVN
100UGX2.27 COVN
500UGX11.36 COVN
1000UGX22.72 COVN
Today vs. 24 hours ago
| Amount | 10:17 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 COVN | $0.005996 | $0.005984 | +0.19% |
| 1 COVN | $0.01199 | $0.01197 | +0.19% |
| 5 COVN | $0.05996 | $0.05984 | +0.19% |
| 10 COVN | $0.1199 | $0.1197 | +0.19% |
| 50 COVN | $0.5996 | $0.5984 | +0.19% |
| 100 COVN | $1.2 | $1.2 | +0.19% |
| 500 COVN | $6 | $5.98 | +0.19% |
| 1000 COVN | $11.99 | $11.97 | +0.19% |
Today vs. 1 month ago
| Amount | 10:17 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 COVN | $0.005996 | $0.007274 | -17.57% |
| 1 COVN | $0.01199 | $0.01455 | -17.57% |
| 5 COVN | $0.05996 | $0.07274 | -17.57% |
| 10 COVN | $0.1199 | $0.1455 | -17.57% |
| 50 COVN | $0.5996 | $0.7274 | -17.57% |
| 100 COVN | $1.2 | $1.45 | -17.57% |
| 500 COVN | $6 | $7.27 | -17.57% |
| 1000 COVN | $11.99 | $14.55 | -17.57% |
Today vs. 1 year ago
| Amount | 10:17 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 COVN | $0.005996 | $0.05731 | -89.54% |
| 1 COVN | $0.01199 | $0.1146 | -89.54% |
| 5 COVN | $0.05996 | $0.5731 | -89.54% |
| 10 COVN | $0.1199 | $1.15 | -89.54% |
| 50 COVN | $0.5996 | $5.73 | -89.54% |
| 100 COVN | $1.2 | $11.46 | -89.54% |
| 500 COVN | $6 | $57.31 | -89.54% |
| 1000 COVN | $11.99 | $114.63 | -89.54% |
Covenant price prediction
What will the price of COVN be in 2025?
Based on COVN's historical price performance prediction model, the price of COVN is projected to reach $0.02330 in 2025.
What will the price of COVN be in 2030?
In 2030, the COVN price is expected to change by -10.00%. By the end of 2030, the COVN price is projected to reach $0.02861, with a cumulative ROI of +123.57%.
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Popular Covenant conversions
Check out these popular currency conversions of Covenant to several fiat currencies.
Covenant to USD
1 COVN to $ 0.01199 USD
Covenant to GBP
1 COVN to £ 0.009552 GBP
Covenant to EUR
1 COVN to € 0.01152 EUR
Covenant to KRW
1 COVN to ₩ 17.66 KRW
Covenant to CAD
1 COVN to $ 0.01722 CAD
Covenant to AUD
1 COVN to $ 0.01929 AUD
Covenant to JPY
1 COVN to ¥ 1.87 JPY
Covenant to BRL
1 COVN to R$ 0.07411 BRL
Covenant to CNY
1 COVN to ¥ 0.08767 CNY
Covenant to TWD
1 COVN to NT$ 0.3934 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Covenant.
Bitcoin to UGX
1 BTC to Sh 344,059,586.61 UGX
Ethereum to UGX
1 ETH to Sh 12,417,284.41 UGX
XRP to UGX
1 XRP to Sh 7,583.69 UGX
Solana to UGX
1 SOL to Sh 709,974.04 UGX
Sui to UGX
1 SUI to Sh 15,544.46 UGX
Dogecoin to UGX
1 DOGE to Sh 1,166.17 UGX
Pepe to UGX
1 PEPE to Sh 0.07290 UGX
Mines of Dalarnia to UGX
1 DAR to Sh 699.92 UGX
Solar to UGX
1 SXP to Sh 1,259.15 UGX
Aave to UGX
1 AAVE to Sh 1,152,776.22 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 Covenant 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 Covenant 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 Covenant 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.
