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base info GUMMY

GUMMY to Ugandan Shilling Converter and calculator

Convert 1GUMMY (GUMMY) to Ugandan Shilling (UGX) equals Sh 42.52 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of GUMMY(GUMMY) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 GUMMY at a value of 1 GUMMY for 42.52 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.

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Bitget crypto-to-fiat exchange data shows that the most popular GUMMY currency pair is the GUMMY to UGX, with for GUMMY's currency code being GUMMY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

GUMMY to UGX conversion rate trend

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In the past 1D, GUMMY has changed -5.08% to UGX. Based on the trend and price charts, GUMMY(GUMMY) has changed -5.08% to UGX while Ugandan Shilling(UGX) has changed % to GUMMY in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh42.52
0.0200% / 0.0320%vip-iconVIP 7
Huobi
Sh42.35
0.1000% / 0.1000%
Yes
Bybit
Sh42.81
0.1000% / 0.1000%
Yes
Last updated 2024/07/10 05:00:12(UTC+0)

How to buy GUMMY

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy GUMMY (GUMMY)
Use a variety of payment options to buy GUMMY on Bitget. We'll show you how.

Buy GUMMY (or USDT) for UGX (Ugandan Shilling) offers

Bitget P2P trading does not currently support direct buying of GUMMY with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy GUMMY with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
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Sell GUMMY (or USDT) for UGX (Ugandan Shilling) offers

Bitget P2P trading currently does not support direct selling of GUMMY to UGX. However, you can first exchange GUMMY for USDT in the Bitget spot market, and then sell USDT to UGX in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
R
RAGNAR255Verified Merchant
2 tradesCompletion rate 100.00%
4000 UGX
Amount12223.12 USDT
Limit110000 - 49852000 UGX
Bank Transfer
Sell
j
jonioluksVerified Merchant
0 tradesCompletion rate 0.00%
3501.01 UGX
Amount10000 USDT
Limit110000 - 200000 UGX
MTN Mobile MoneyAirtel Money
Sell
T
The_P2P_PlugVerified Merchant
0 tradesCompletion rate 0.00%
3501 UGX
Amount45840 USDT
Limit110000 - 55000000 UGX
Airtel Money
Sell
L
LAGERTHA255Verified Merchant
2 tradesCompletion rate 100.00%
3500 UGX
Amount10000 USDT
Limit110000 - 960000 UGX
Bank Transfer
Sell
G
GYYDAVerified Merchant
2 tradesCompletion rate 100.00%
3500 UGX
Amount10000 USDT
Limit110000 - 35000000 UGX
Bank Transfer
Sell

What factors influence the conversion rate of GUMMY to Ugandan Shilling?

GUMMY to Ugandan Shilling is falling this week.
GUMMY's current market price is Sh 42.52 per GUMMY, with a total market cap of Sh 0 UGX based on a circulating supply of -- GUMMY. The trading volume of GUMMY has changed by -6.46% (Sh -1,451,621,166.87 UGX) in the last 24 hours. Last trading day, GUMMY's trading volume was Sh 22,471,263,748.2.
Market cap
$0
24h volume
$5.67M
Circulating supply
0 GUMMY

Conversion tables

The exchange rate of GUMMY is decreasing.
1 GUMMY is currently valued at Sh 42.52 UGX , which means buying 5 GUMMY will cost Sh 212.61 UGX . Similarly, Sh1 UGX can be traded for 0.02352 GUMMY, and Sh50 UGX can be converted to 1.18 GUMMY, excluding any platform or gas fees.
The exchange rate of 1 GUMMY to Ugandan Shilling has changed by -27.54% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.08%, reaching a high of 44.96 UGX and a low of 39.91 UGX . One month ago, the value of 1 GUMMY was Sh 238.17 UGX , which represents a -82.26% change from its current value. Over the last year, GUMMY has changed by
+Sh
42.18UGX
, resulting in a change of --% in its value.

GUMMY to UGX

Amount
06:00 am today
0.5 GUMMY
Sh21.26
1 GUMMY
Sh42.52
5 GUMMY
Sh212.61
10 GUMMY
Sh425.21
50 GUMMY
Sh2,126.07
100 GUMMY
Sh4,252.14
500 GUMMY
Sh21,260.68
1000 GUMMY
Sh42,521.35

UGX to GUMMY

Amount06:00 am today
0.5UGX0.01176  GUMMY
1UGX0.02352  GUMMY
5UGX0.1176  GUMMY
10UGX0.2352  GUMMY
50UGX1.18  GUMMY
100UGX2.35  GUMMY
500UGX11.76  GUMMY
1000UGX23.52  GUMMY
Buy GUMMY for 1 UGX
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Today vs. 24 hours ago

Amount06:00 am today24 hours ago24h change
0.5 GUMMY$0.005732$0.006037
-5.08%
1 GUMMY$0.01146$0.01207
-5.08%
5 GUMMY$0.05732$0.06037
-5.08%
10 GUMMY$0.1146$0.1207
-5.08%
50 GUMMY$0.5732$0.6037
-5.08%
100 GUMMY$1.15$1.21
-5.08%
500 GUMMY$5.73$6.04
-5.08%
1000 GUMMY$11.46$12.07
-5.08%

Today vs. 1 month ago

Amount06:00 am today1 month ago1M change
0.5 GUMMY$0.005732$0.03211
-82.26%
1 GUMMY$0.01146$0.06422
-82.26%
5 GUMMY$0.05732$0.3211
-82.26%
10 GUMMY$0.1146$0.6422
-82.26%
50 GUMMY$0.5732$3.21
-82.26%
100 GUMMY$1.15$6.42
-82.26%
500 GUMMY$5.73$32.11
-82.26%
1000 GUMMY$11.46$64.22
-82.26%
Buy GUMMY for 1 UGX
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Today vs. 1 year ago

Amount06:00 am today1 year ago1Y change
0.5 GUMMY$0.005732$0.{4}4614
--
1 GUMMY$0.01146$0.{4}9227
--
5 GUMMY$0.05732$0.0004614
--
10 GUMMY$0.1146$0.0009227
--
50 GUMMY$0.5732$0.004614
--
100 GUMMY$1.15$0.009227
--
500 GUMMY$5.73$0.04614
--
1000 GUMMY$11.46$0.09227
--

GUMMY price prediction

What will the price of GUMMY be in 2025?

Based on GUMMY's historical price performance prediction model, the price of GUMMY is projected to reach $0.03413 in 2025.

What will the price of GUMMY be in 2030?

In 2030, the GUMMY price is expected to change by -2.00%. By the end of 2030, the GUMMY price is projected to reach $0.05326, with a cumulative ROI of +364.55%.
Buy GUMMY for 1 UGX
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Buy GUMMY for 1 UGX
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Buy GUMMY for 1 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 GUMMY 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 GUMMY 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 GUMMY 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.

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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.