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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.60%
New listings on Bitget: Pi Network
BTC/USDT$78175.58 (-5.03%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (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 share62.60%
New listings on Bitget: Pi Network
BTC/USDT$78175.58 (-5.03%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
GUM
UGX
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 Gourmet Galaxy(GUM) to Ugandan shilling(UGX). This is the real-time data. The current conversion shows 1 GUM at a value of 1 GUM for 11.49 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 Gourmet Galaxy currency pair is the GUM to UGX, with for Gourmet Galaxy's currency code being GUM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
GUM to UGX conversion rate trend
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In the past 1D, Gourmet Galaxy has changed +0.47% to UGX. Based on the trend and price charts, Gourmet Galaxy(GUM) has changed +0.47% to UGX while Ugandan shilling(UGX) has changed % to GUM in the last 24 hours.
GUM to UGX market statistics
GUM/UGX:
Sh 11.49
GUM 24h volume:
Sh 7,192,729.88
GUM market cap:
Sh 38,070,378.2
GUM circulating supply:
3.31M GUM
More info about Gourmet Galaxy on Bitget
Current GUM to UGX exchange rate
Gourmet Galaxy to Ugandan shilling is falling this week.Gourmet Galaxy's current market price is Sh 11.49 per GUM, with a total market cap of Sh 38,070,378.2 UGX based on a circulating supply of 3,312,144.5 GUM. The trading volume of Gourmet Galaxy has changed by +41.73% (Sh 2,117,720.3 UGX) in the last 24 hours. Last trading day, GUM's trading volume was Sh 5,075,009.58.
GUM to UGX Conversion tables
The exchange rate of Gourmet Galaxy is decreasing.1 GUM is currently valued at Sh 11.49 UGX , which means buying 5 GUM will cost Sh 57.47 UGX . Similarly, Sh1 UGX can be traded for 0.08700 GUM, and Sh50 UGX can be converted to 4.35 GUM, excluding any platform or gas fees.
The exchange rate of 1 GUM to Ugandan shilling has changed by -43.51% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.47%, reaching a high of 11.96 UGX and a low of 10.74 UGX . One month ago, the value of 1 GUM was Sh 28.68 UGX , which represents a -59.92% change from its current value. Over the last year, Gourmet Galaxy has changed by , resulting in a change of -78.79% in its value.
-Sh
42.7UGXGUM to UGX
Amount
16:40 today
0.5 GUM
Sh5.75
1 GUM
Sh11.49
5 GUM
Sh57.47
10 GUM
Sh114.94
50 GUM
Sh574.71
100 GUM
Sh1,149.42
500 GUM
Sh5,747.09
1000 GUM
Sh11,494.18
UGX to GUM
Amount16:40 today
0.5UGX0.04350 GUM
1UGX0.08700 GUM
5UGX0.4350 GUM
10UGX0.8700 GUM
50UGX4.35 GUM
100UGX8.7 GUM
500UGX43.5 GUM
1000UGX87 GUM
GUM to UGX Today vs. 24 hours ago
| Amount | 16:40 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 GUM | Sh5.75 | Sh5.72 | +0.47% |
| 1 GUM | Sh11.49 | Sh11.44 | +0.47% |
| 5 GUM | Sh57.47 | Sh57.2 | +0.47% |
| 10 GUM | Sh114.94 | Sh114.41 | +0.47% |
| 50 GUM | Sh574.71 | Sh572.03 | +0.47% |
| 100 GUM | Sh1,149.42 | Sh1,144.07 | +0.47% |
| 500 GUM | Sh5,747.09 | Sh5,720.34 | +0.47% |
| 1000 GUM | Sh11,494.18 | Sh11,440.68 | +0.47% |
GUM to UGX Today vs. 1 month ago
| Amount | 16:40 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 GUM | Sh5.75 | Sh14.34 | -59.92% |
| 1 GUM | Sh11.49 | Sh28.68 | -59.92% |
| 5 GUM | Sh57.47 | Sh143.39 | -59.92% |
| 10 GUM | Sh114.94 | Sh286.79 | -59.92% |
| 50 GUM | Sh574.71 | Sh1,433.94 | -59.92% |
| 100 GUM | Sh1,149.42 | Sh2,867.88 | -59.92% |
| 500 GUM | Sh5,747.09 | Sh14,339.4 | -59.92% |
| 1000 GUM | Sh11,494.18 | Sh28,678.8 | -59.92% |
GUM to UGX Today vs. 1 year ago
| Amount | 16:40 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 GUM | Sh5.75 | Sh27.09 | -78.79% |
| 1 GUM | Sh11.49 | Sh54.19 | -78.79% |
| 5 GUM | Sh57.47 | Sh270.95 | -78.79% |
| 10 GUM | Sh114.94 | Sh541.9 | -78.79% |
| 50 GUM | Sh574.71 | Sh2,709.49 | -78.79% |
| 100 GUM | Sh1,149.42 | Sh5,418.97 | -78.79% |
| 500 GUM | Sh5,747.09 | Sh27,094.87 | -78.79% |
| 1000 GUM | Sh11,494.18 | Sh54,189.74 | -78.79% |
How to convert GUM to UGX
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Convert GUM to UGX
Use a variety of payment options to buy Gourmet Galaxy on Bitget. We'll show you how.
Buy GUM (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of GUM with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy GUM with USDT via Bitget spot market.
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Sell GUM (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of GUM to UGX. However, you can first exchange GUM for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of GUM to UGX?
There are many factors that affect the relationship between Gourmet Galaxy and Ugandan 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 GUM/UGX. When there is positive news in the market about the widespread adoption of GUM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of GUM/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in GUM/UGX.
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 GUM/UGX. 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 Gourmet Galaxy and adjust their investment strategies accordingly in the evolving market.
Gourmet Galaxy price prediction
What will the price of GUM be in 2026?
Based on GUM's historical price performance prediction model, the price of GUM is projected to reach $0.003649 in 2026.
What will the price of GUM be in 2031?
In 2031, the GUM price is expected to change by +48.00%. By the end of 2031, the GUM price is projected to reach $0.01137, with a cumulative ROI of +255.07%.
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Popular Gourmet Galaxy Converter
Check out these popular currency conversions of Gourmet Galaxy to several fiat currencies.
GUM to UGX
1 GUM to Sh 11.49 UGX
GUM to TWD
1 GUM to NT$ 0.1020 TWD
GUM to CNY
1 GUM to ¥ 0.02261 CNY
GUM to USD
1 GUM to $ 0.003091 USD
GUM to EUR
1 GUM to € 0.002826 EUR
GUM to CAD
1 GUM to $ 0.004396 CAD
GUM to KRW
1 GUM to ₩ 4.53 KRW
GUM to JPY
1 GUM to ¥ 0.4547 JPY
GUM to GBP
1 GUM to £ 0.002415 GBP
GUM to BRL
1 GUM to R$ 0.01821 BRL
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Gourmet Galaxy.
BTC to UGX
1 BTC to Sh 291,822,728.85 UGX
ETH to UGX
1 ETH to Sh 5,780,099.81 UGX
XRP to UGX
1 XRP to Sh 6,980.2 UGX
SOL to UGX
1 SOL to Sh 393,800.81 UGX
DOGE to UGX
1 DOGE to Sh 543.82 UGX
ADA to UGX
1 ADA to Sh 2,116.04 UGX
BNB to UGX
1 BNB to Sh 2,048,319.09 UGX
SUI to UGX
1 SUI to Sh 7,473.46 UGX
LINK to UGX
1 LINK to Sh 41,848.44 UGX
TRUMP to UGX
1 TRUMP to Sh 29,036.08 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 Gourmet Galaxy 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 Gourmet Galaxy 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 Gourmet Galaxy 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.
