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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.56%
New listings on Bitget: Pi Network
BTC/USDT$76444.18 (-3.59%)Fear and Greed Index24(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$103.9M (1D); -$362.1M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.56%
New listings on Bitget: Pi Network
BTC/USDT$76444.18 (-3.59%)Fear and Greed Index24(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$103.9M (1D); -$362.1M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
DRC
KES
Last updated as of 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 Digital Reserve Currency(DRC) to Kenyan Shilling(KES). This is the real-time data. The current conversion shows 1 DRC at a value of 1 DRC for 0.01 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 Digital Reserve Currency currency pair is the DRC to KES, with for Digital Reserve Currency's currency code being DRC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KES.
DRC to KES conversion rate trend
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In the past 1D, Digital Reserve Currency has changed -5.39% to KES. Based on the trend and price charts, Digital Reserve Currency(DRC) has changed -5.39% to KES while Kenyan Shilling(KES) has changed % to DRC in the last 24 hours.
DRC to KES market statistics
DRC/KES:
Sh 0.01342
DRC 24h volume:
Sh 3,012.68
DRC market cap:
Sh 13,423,478.67
DRC circulating supply:
1.00B DRC
More info about Digital Reserve Currency on Bitget
Current DRC to KES exchange rate
Digital Reserve Currency to Kenyan Shilling is falling this week.Digital Reserve Currency's current market price is Sh 0.01342 per DRC, with a total market cap of Sh 13,423,478.67 KES based on a circulating supply of 1,000,000,000 DRC. The trading volume of Digital Reserve Currency has changed by -10.80% (Sh -364.73 KES) in the last 24 hours. Last trading day, DRC's trading volume was Sh 3,377.41.
DRC to KES Conversion tables
The exchange rate of Digital Reserve Currency is decreasing.1 DRC is currently valued at Sh 0.01342 KES , which means buying 5 DRC will cost Sh 0.06712 KES . Similarly, Sh1 KES can be traded for 74.5 DRC, and Sh50 KES can be converted to 3,724.82 DRC, excluding any platform or gas fees.
The exchange rate of 1 DRC to Kenyan Shilling has changed by -23.90% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.39%, reaching a high of 0.01469 KES and a low of 0.01326 KES . One month ago, the value of 1 DRC was Sh 0.02559 KES , which represents a -47.49% change from its current value. Over the last year, Digital Reserve Currency has changed by , resulting in a change of -60.38% in its value.
-Sh
0.02044KESDRC to KES
Amount
23:42 today
0.5 DRC
Sh0.006712
1 DRC
Sh0.01342
5 DRC
Sh0.06712
10 DRC
Sh0.1342
50 DRC
Sh0.6712
100 DRC
Sh1.34
500 DRC
Sh6.71
1000 DRC
Sh13.42
KES to DRC
Amount23:42 today
0.5KES37.25 DRC
1KES74.5 DRC
5KES372.48 DRC
10KES744.96 DRC
50KES3,724.82 DRC
100KES7,449.63 DRC
500KES37,248.17 DRC
1000KES74,496.34 DRC
DRC to KES Today vs. 24 hours ago
| Amount | 23:42 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 DRC | Sh0.006712 | Sh0.007095 | -5.39% |
| 1 DRC | Sh0.01342 | Sh0.01419 | -5.39% |
| 5 DRC | Sh0.06712 | Sh0.07095 | -5.39% |
| 10 DRC | Sh0.1342 | Sh0.1419 | -5.39% |
| 50 DRC | Sh0.6712 | Sh0.7095 | -5.39% |
| 100 DRC | Sh1.34 | Sh1.42 | -5.39% |
| 500 DRC | Sh6.71 | Sh7.09 | -5.39% |
| 1000 DRC | Sh13.42 | Sh14.19 | -5.39% |
DRC to KES Today vs. 1 month ago
| Amount | 23:42 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 DRC | Sh0.006712 | Sh0.01279 | -47.49% |
| 1 DRC | Sh0.01342 | Sh0.02559 | -47.49% |
| 5 DRC | Sh0.06712 | Sh0.1279 | -47.49% |
| 10 DRC | Sh0.1342 | Sh0.2559 | -47.49% |
| 50 DRC | Sh0.6712 | Sh1.28 | -47.49% |
| 100 DRC | Sh1.34 | Sh2.56 | -47.49% |
| 500 DRC | Sh6.71 | Sh12.79 | -47.49% |
| 1000 DRC | Sh13.42 | Sh25.59 | -47.49% |
DRC to KES Today vs. 1 year ago
| Amount | 23:42 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 DRC | Sh0.006712 | Sh0.01693 | -60.38% |
| 1 DRC | Sh0.01342 | Sh0.03387 | -60.38% |
| 5 DRC | Sh0.06712 | Sh0.1693 | -60.38% |
| 10 DRC | Sh0.1342 | Sh0.3387 | -60.38% |
| 50 DRC | Sh0.6712 | Sh1.69 | -60.38% |
| 100 DRC | Sh1.34 | Sh3.39 | -60.38% |
| 500 DRC | Sh6.71 | Sh16.93 | -60.38% |
| 1000 DRC | Sh13.42 | Sh33.87 | -60.38% |
How to convert DRC to KES
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert DRC to KES
Use a variety of payment options to buy Digital Reserve Currency on Bitget. We'll show you how.
Buy DRC (or USDT) for KES (Kenyan Shilling) offers
Bitget P2P trading does not currently support direct buying of DRC with KES. However, you can buy USDT in Bitget P2P trading first, and then buy DRC 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 DRC (or USDT) for KES (Kenyan Shilling) offers
Bitget P2P trading currently does not support direct selling of DRC to KES. However, you can first exchange DRC 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 DRC to KES?
There are many factors that affect the relationship between Digital Reserve Currency and Kenyan Shilling, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of DRC/KES. When there is positive news in the market about the widespread adoption of DRC or major technological breakthroughs, it tends to trigger market optimism and drive the rise of DRC/KES. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in DRC/KES.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of DRC/KES. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Digital Reserve Currency and adjust their investment strategies accordingly in the evolving market.
Digital Reserve Currency price prediction
What will the price of DRC be in 2026?
Based on DRC's historical price performance prediction model, the price of DRC is projected to reach $0.0001112 in 2026.
What will the price of DRC be in 2031?
In 2031, the DRC price is expected to change by +41.00%. By the end of 2031, the DRC price is projected to reach $0.0002949, with a cumulative ROI of +164.78%.
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Popular Digital Reserve Currency Converter
Check out these popular currency conversions of Digital Reserve Currency to several fiat currencies.
DRC to TWD
1 DRC to NT$ 0.003435 TWD
DRC to KES
1 DRC to Sh 0.01342 KES
DRC to CNY
1 DRC to ¥ 0.0007628 CNY
DRC to USD
1 DRC to $ 0.0001037 USD
DRC to EUR
1 DRC to € 0.{4}9448 EUR
DRC to CAD
1 DRC to $ 0.0001478 CAD
DRC to KRW
1 DRC to ₩ 0.1541 KRW
DRC to JPY
1 DRC to ¥ 0.01511 JPY
DRC to GBP
1 DRC to £ 0.{4}8111 GBP
DRC to BRL
1 DRC to R$ 0.0006238 BRL
Popular cryptocurrencies to KES
Explore other cryptocurrencies based on your interest in Digital Reserve Currency.
MLK to KES
1 MLK to Sh 22.26 KES
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1 AERGO to Sh 17.15 KES
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1 TROY to Sh 0.05280 KES
VIDT to KES
1 VIDT to Sh 1.87 KES
CREAM to KES
1 CREAM to Sh 216.23 KES
BETA to KES
1 BETA to Sh 0.9179 KES
FORTH to KES
1 FORTH to Sh 425.62 KES
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1 PROS to Sh 13.3 KES
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1 AQT to Sh 165.44 KES
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1 CAKE to Sh 217.54 KES
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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 Digital Reserve Currency 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 Digital Reserve Currency 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 Digital Reserve Currency 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.
