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MIC to UGX Converter and calculator

MIC/UGX: 1 MIC = 0.4304 UGX. The price of converting 1 Magic Internet Cash (MIC) to Ugandan shilling (UGX) is 0.4304 UGX today.
MIC
MIC
UGX
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MIC to UGX real-time exchange rates, making it easy to convert Magic Internet Cash (MIC) to Ugandan shilling (UGX). The conversion result is based on real-time data. The conversion result shows that 1 MIC is currently valued at 0.43 UGX. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MIC is currently valued at 0.43 UGX, which means buying 5 MIC would cost 2.15 UGX. Similarly, Sh1 UGX can be converted to 2.32 MIC, and Sh50 UGX can be converted to 11.62 MIC, excluding any platform or gas fees.

Convert MIC to UGX

Convert UGX to MIC

Magic Internet Cash
Ugandan shilling
5000 MIC
2,151.82  UGX
10000 MIC
4,303.64  UGX
In the table above, you'll find a comprehensive MIC to UGX converter that shows the value of Magic Internet Cash in Ugandan shilling across commonly used conversion amounts. The list covers conversions from 1 MIC to UGX, all the way up to 10000 MIC, providing a clear view of their respective values.
Ugandan shilling
Magic Internet Cash
10000 UGX
23,236.16 MIC
50000 UGX
116,180.82 MIC
100000 UGX
232,361.63 MIC
In the table above, you'll find a comprehensive UGX to MIC converter that shows the value of Ugandan shilling in Magic Internet Cash across commonly used conversion amounts. The list covers conversions from 1 UGX to MIC, all the way up to 100000 UGX, providing a clear view of their respective values.

MIC to UGX chart

MIC/UGX: 1 MIC = 0.4304 UGX; 2025/04/28 21:07:53
In the past 1D, Magic Internet Cash has changed +30.92% to UGX. Based on the trend and price charts, Magic Internet Cash(MIC) has changed +30.92% to UGX while Ugandan shilling(UGX) has changed % to MIC in the last 24 hours.
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MIC to UGX conversion data: Volatility and price changes of Magic Internet Cash in UGX

The highest Magic Internet Cash price in UGX over the past 7 days was 0.5809 UGX while the lowest Magic Internet Cash price in UGX over the past 7 days was 0.2905 UGX. The relative change between the highs and lows in Magic Internet Cash price in UGX over the last 7 days indicates a volatility of %. You can view additional volatility data and MIC to UGX prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.5809 UGX
0.5809 UGX
0.5809 UGX
0.9229 UGX
Low
0.3395 UGX
0.2905 UGX
0.2436 UGX
0.2436 UGX
Average
0 UGX
0 UGX
0 UGX
0 UGX
Volatility
%
%
%
%
Change
+30.92%
+15.63%
+20.46%
-37.73%

Magic Internet Cash information

MIC to UGX market statistics

MIC/UGX:
Sh0.4304
MIC 24h volume:
--
MIC market cap:
--
MIC circulating supply:
0 MIC

Current MIC to UGX exchange rate

Magic Internet Cash to Ugandan shilling is rising this week.
Magic Internet Cash's current market price is Sh0.4304 per MIC, with a total market cap of Sh0 UGX based on a circulating supply of -- MIC. The trading volume of Magic Internet Cash has changed by 0.00% (Sh0 UGX) in the last 24 hours. Last trading day, MIC's trading volume was Sh0.

More info about Magic Internet Cash on Bitget

Ugandan shilling 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 Magic Internet Cash currency pair is the MIC to UGX, with for Magic Internet Cash's currency code being MIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

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How to convert MIC to UGX

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Convert MIC to UGX
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MIC to UGX Conversion tables

The exchange rate of Magic Internet Cash is increasing.
The exchange rate of 1 MIC to Ugandan shilling has changed by +15.63% in the last 7 days. In the last 24 hours, the rate has fluctuated by +30.92%, reaching a high of 0.5809 UGX and a low of 0.3395 UGX . One month ago, the value of 1 MIC was Sh0.3549 UGX , which represents a +20.46% change from its current value. Over the last year, Magic Internet Cash has changed by
-Sh
0.8057UGX
, resulting in a change of -64.45% in its value.
24 hours ago1 month ago1 year ago
Amount21:07 today24 hours ago24h change
0.5 MICSh0.2152Sh0.1627
+30.92%
1 MICSh0.4304Sh0.3254
+30.92%
5 MICSh2.15Sh1.63
+30.92%
10 MICSh4.3Sh3.25
+30.92%
50 MICSh21.52Sh16.27
+30.92%
100 MICSh43.04Sh32.54
+30.92%
500 MICSh215.18Sh162.7
+30.92%
1000 MICSh430.36Sh325.41
+30.92%

MIC to UGX FAQ

How much is 1 Magic Internet Cash in UGX?
Right now, the price of 1 Magic Internet Cash (MIC) in Ugandan shilling (UGX) is Sh0.4304.
How much MIC can I buy for 1 UGX?
Based on the current exchange rate, you can get 2.32 MIC for 1 UGX.
How do I calculate or convert MIC to UGX?
You can use our MIC to UGX calculator at the top of this page to convert any amount of MIC to UGX. We've also included quick-reference tables for the most popular conversions. For example, 5 UGX is equivalent to 11.62 MIC, while 5 MIC will cost around 2.15UGX.
What is the highest price of MIC/UGX in history?
The all-time high price of 1 MIC in UGX is Sh130.03. It remains to be seen if the value of 1 MIC/UGX will exceed the current all-time high.
What is the price trend of Magic Internet Cash in UGX?
Over the past 7 days, the exchange rate of Magic Internet Cash (MIC) has gone up by 15.63%.   Over the last month, the exchange rate of Magic Internet Cash (MIC) has gone up by 20.46% against Ugandan shilling (UGX).

What factors influence the conversion rate of MIC to UGX?

There are many factors that affect the relationship between Magic Internet Cash 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 MIC/UGX. When there is positive news in the market about the widespread adoption of MIC or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MIC/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MIC/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.
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 MIC/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 Magic Internet Cash and adjust their investment strategies accordingly in the evolving market.

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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.