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Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.69%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$82949.99 (-1.42%)Fear and Greed Index32(Fear)
Total spot Bitcoin ETF netflow -$59.2M (1D); -$1.37B (7D).Coins listed in Pre-MarketPAWS,WCTWelcome 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 share60.69%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$82949.99 (-1.42%)Fear and Greed Index32(Fear)
Total spot Bitcoin ETF netflow -$59.2M (1D); -$1.37B (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
MAGIK
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 Magik Finance(MAGIK) to Kenyan Shilling(KES). This is the real-time data. The current conversion shows 1 MAGIK at a value of 1 MAGIK for 0.87 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 Magik Finance currency pair is the MAGIK to KES, with for Magik Finance's currency code being MAGIK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KES.
MAGIK to KES conversion rate trend
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In the past 1D, Magik Finance has changed -9.13% to KES. Based on the trend and price charts, Magik Finance(MAGIK) has changed -9.13% to KES while Kenyan Shilling(KES) has changed % to MAGIK in the last 24 hours.
MAGIK to KES market statistics
MAGIK/KES:
Sh 0.8711
MAGIK 24h volume:
Sh 1,136.92
MAGIK market cap:
--
MAGIK circulating supply:
0 MAGIK
More info about Magik Finance on Bitget
Current MAGIK to KES exchange rate
Magik Finance to Kenyan Shilling is rising this week.Magik Finance's current market price is Sh 0.8711 per MAGIK, with a total market cap of Sh 0 KES based on a circulating supply of -- MAGIK. The trading volume of Magik Finance has changed by 0.00% (Sh 0 KES) in the last 24 hours. Last trading day, MAGIK's trading volume was Sh 1,136.92.
MAGIK to KES Conversion tables
The exchange rate of Magik Finance is decreasing.1 MAGIK is currently valued at Sh 0.8711 KES , which means buying 5 MAGIK will cost Sh 4.36 KES . Similarly, Sh1 KES can be traded for 1.15 MAGIK, and Sh50 KES can be converted to 57.4 MAGIK, excluding any platform or gas fees.
The exchange rate of 1 MAGIK to Kenyan Shilling has changed by +9.81% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.13%, reaching a high of 0.9285 KES and a low of 0.8435 KES . One month ago, the value of 1 MAGIK was Sh 0.9501 KES , which represents a -8.31% change from its current value. Over the last year, Magik Finance has changed by , resulting in a change of -76.29% in its value.
-Sh
2.8KESMAGIK to KES
Amount
01:21 am today
0.5 MAGIK
Sh0.4356
1 MAGIK
Sh0.8711
5 MAGIK
Sh4.36
10 MAGIK
Sh8.71
50 MAGIK
Sh43.56
100 MAGIK
Sh87.11
500 MAGIK
Sh435.57
1000 MAGIK
Sh871.15
KES to MAGIK
Amount01:21 am today
0.5KES0.5740 MAGIK
1KES1.15 MAGIK
5KES5.74 MAGIK
10KES11.48 MAGIK
50KES57.4 MAGIK
100KES114.79 MAGIK
500KES573.96 MAGIK
1000KES1,147.91 MAGIK
MAGIK to KES Today vs. 24 hours ago
| Amount | 01:21 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MAGIK | Sh0.4356 | Sh0.4793 | -9.13% |
| 1 MAGIK | Sh0.8711 | Sh0.9587 | -9.13% |
| 5 MAGIK | Sh4.36 | Sh4.79 | -9.13% |
| 10 MAGIK | Sh8.71 | Sh9.59 | -9.13% |
| 50 MAGIK | Sh43.56 | Sh47.93 | -9.13% |
| 100 MAGIK | Sh87.11 | Sh95.87 | -9.13% |
| 500 MAGIK | Sh435.57 | Sh479.33 | -9.13% |
| 1000 MAGIK | Sh871.15 | Sh958.66 | -9.13% |
MAGIK to KES Today vs. 1 month ago
| Amount | 01:21 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MAGIK | Sh0.4356 | Sh0.4750 | -8.31% |
| 1 MAGIK | Sh0.8711 | Sh0.9501 | -8.31% |
| 5 MAGIK | Sh4.36 | Sh4.75 | -8.31% |
| 10 MAGIK | Sh8.71 | Sh9.5 | -8.31% |
| 50 MAGIK | Sh43.56 | Sh47.5 | -8.31% |
| 100 MAGIK | Sh87.11 | Sh95.01 | -8.31% |
| 500 MAGIK | Sh435.57 | Sh475.03 | -8.31% |
| 1000 MAGIK | Sh871.15 | Sh950.06 | -8.31% |
MAGIK to KES Today vs. 1 year ago
| Amount | 01:21 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MAGIK | Sh0.4356 | Sh1.84 | -76.29% |
| 1 MAGIK | Sh0.8711 | Sh3.67 | -76.29% |
| 5 MAGIK | Sh4.36 | Sh18.37 | -76.29% |
| 10 MAGIK | Sh8.71 | Sh36.75 | -76.29% |
| 50 MAGIK | Sh43.56 | Sh183.74 | -76.29% |
| 100 MAGIK | Sh87.11 | Sh367.48 | -76.29% |
| 500 MAGIK | Sh435.57 | Sh1,837.38 | -76.29% |
| 1000 MAGIK | Sh871.15 | Sh3,674.77 | -76.29% |
How to convert MAGIK to KES
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Convert MAGIK to KES
Use a variety of payment options to buy Magik Finance on Bitget. We'll show you how.
Buy MAGIK (or USDT) for KES (Kenyan Shilling) offers
Bitget P2P trading does not currently support direct buying of MAGIK with KES. However, you can buy USDT in Bitget P2P trading first, and then buy MAGIK 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 MAGIK (or USDT) for KES (Kenyan Shilling) offers
Bitget P2P trading currently does not support direct selling of MAGIK to KES. However, you can first exchange MAGIK 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 MAGIK to KES?
There are many factors that affect the relationship between Magik Finance 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 MAGIK/KES. When there is positive news in the market about the widespread adoption of MAGIK or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MAGIK/KES. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MAGIK/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 MAGIK/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 Magik Finance and adjust their investment strategies accordingly in the evolving market.
Magik Finance price prediction
What will the price of MAGIK be in 2026?
Based on MAGIK's historical price performance prediction model, the price of MAGIK is projected to reach $0.007987 in 2026.
What will the price of MAGIK be in 2031?
In 2031, the MAGIK price is expected to change by +16.00%. By the end of 2031, the MAGIK price is projected to reach $0.009327, with a cumulative ROI of +39.69%.
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Popular Magik Finance Converter
Check out these popular currency conversions of Magik Finance to several fiat currencies.
MAGIK to TWD
1 MAGIK to NT$ 0.2220 TWD
MAGIK to KES
1 MAGIK to Sh 0.8711 KES
MAGIK to CNY
1 MAGIK to ¥ 0.04878 CNY
MAGIK to USD
1 MAGIK to $ 0.006740 USD
MAGIK to AUD
1 MAGIK to $ 0.01065 AUD
MAGIK to EUR
1 MAGIK to € 0.006194 EUR
MAGIK to CAD
1 MAGIK to $ 0.009682 CAD
MAGIK to KRW
1 MAGIK to ₩ 9.78 KRW
MAGIK to JPY
1 MAGIK to ¥ 1 JPY
MAGIK to GBP
1 MAGIK to £ 0.005212 GBP
MAGIK to BRL
1 MAGIK to R$ 0.03872 BRL
Popular cryptocurrencies to KES
Explore other cryptocurrencies based on your interest in Magik Finance.
BTC to KES
1 BTC to Sh 10,714,310.6 KES
ETH to KES
1 ETH to Sh 245,646.71 KES
XRP to KES
1 XRP to Sh 300.37 KES
SOL to KES
1 SOL to Sh 16,473.2 KES
PI to KES
1 PI to Sh 182.51 KES
SHIB to KES
1 SHIB to Sh 0.001701 KES
AUCTION to KES
1 AUCTION to Sh 4,438.46 KES
ADA to KES
1 ADA to Sh 92.44 KES
DOGE to KES
1 DOGE to Sh 22.04 KES
BNX to KES
1 BNX to Sh 182.25 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 Magik Finance 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 Magik Finance 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 Magik Finance 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.
