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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.03%
New listings on Bitget: Pi Network
BTC/USDT$87064.11 (+2.43%)Fear and Greed Index44(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$157.8M (1D); -$22M (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 share62.03%
New listings on Bitget: Pi Network
BTC/USDT$87064.11 (+2.43%)Fear and Greed Index44(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$157.8M (1D); -$22M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
MON
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 MON(MON) to Ugandan shilling(UGX). This is the real-time data. The current conversion shows 1 MON at a value of 1 MON for 107.55 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 MON currency pair is the MON to UGX, with for MON's currency code being MON. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
MON to UGX conversion rate trend
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In the past 1D, MON has changed -3.13% to UGX. Based on the trend and price charts, MON(MON) has changed -3.13% to UGX while Ugandan shilling(UGX) has changed % to MON in the last 24 hours.
MON to UGX market statistics
MON/UGX:
Sh 107.55
MON 24h volume:
Sh 7,466,149,583.76
MON market cap:
Sh 51,675,385,749.17
MON circulating supply:
480.49M MON
More info about MON on Bitget
Current MON to UGX exchange rate
MON to Ugandan shilling is falling this week.MON's current market price is Sh 107.55 per MON, with a total market cap of Sh 51,675,385,749.17 UGX based on a circulating supply of 480,489,860 MON. The trading volume of MON has changed by -6.82% (Sh -546,116,023.81 UGX) in the last 24 hours. Last trading day, MON's trading volume was Sh 8,012,265,607.57.
MON to UGX Conversion tables
The exchange rate of MON is decreasing.1 MON is currently valued at Sh 107.55 UGX , which means buying 5 MON will cost Sh 537.74 UGX . Similarly, Sh1 UGX can be traded for 0.009298 MON, and Sh50 UGX can be converted to 0.4649 MON, excluding any platform or gas fees.
The exchange rate of 1 MON to Ugandan shilling has changed by -2.30% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.13%, reaching a high of 114.91 UGX and a low of 103.57 UGX . One month ago, the value of 1 MON was Sh 111.31 UGX , which represents a -3.38% change from its current value. Over the last year, MON has changed by , resulting in a change of -95.59% in its value.
-Sh
2,332.95UGXMON to UGX
Amount
16:48 today
0.5 MON
Sh53.77
1 MON
Sh107.55
5 MON
Sh537.74
10 MON
Sh1,075.47
50 MON
Sh5,377.36
100 MON
Sh10,754.73
500 MON
Sh53,773.65
1000 MON
Sh107,547.3
UGX to MON
Amount16:48 today
0.5UGX0.004649 MON
1UGX0.009298 MON
5UGX0.04649 MON
10UGX0.09298 MON
50UGX0.4649 MON
100UGX0.9298 MON
500UGX4.65 MON
1000UGX9.3 MON
MON to UGX Today vs. 24 hours ago
| Amount | 16:48 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MON | Sh53.77 | Sh55.51 | -3.13% |
| 1 MON | Sh107.55 | Sh111.03 | -3.13% |
| 5 MON | Sh537.74 | Sh555.13 | -3.13% |
| 10 MON | Sh1,075.47 | Sh1,110.26 | -3.13% |
| 50 MON | Sh5,377.36 | Sh5,551.3 | -3.13% |
| 100 MON | Sh10,754.73 | Sh11,102.6 | -3.13% |
| 500 MON | Sh53,773.65 | Sh55,512.99 | -3.13% |
| 1000 MON | Sh107,547.3 | Sh111,025.99 | -3.13% |
MON to UGX Today vs. 1 month ago
| Amount | 16:48 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MON | Sh53.77 | Sh55.65 | -3.38% |
| 1 MON | Sh107.55 | Sh111.31 | -3.38% |
| 5 MON | Sh537.74 | Sh556.55 | -3.38% |
| 10 MON | Sh1,075.47 | Sh1,113.1 | -3.38% |
| 50 MON | Sh5,377.36 | Sh5,565.49 | -3.38% |
| 100 MON | Sh10,754.73 | Sh11,130.98 | -3.38% |
| 500 MON | Sh53,773.65 | Sh55,654.91 | -3.38% |
| 1000 MON | Sh107,547.3 | Sh111,309.81 | -3.38% |
MON to UGX Today vs. 1 year ago
| Amount | 16:48 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MON | Sh53.77 | Sh1,220.25 | -95.59% |
| 1 MON | Sh107.55 | Sh2,440.49 | -95.59% |
| 5 MON | Sh537.74 | Sh12,202.47 | -95.59% |
| 10 MON | Sh1,075.47 | Sh24,404.95 | -95.59% |
| 50 MON | Sh5,377.36 | Sh122,024.74 | -95.59% |
| 100 MON | Sh10,754.73 | Sh244,049.48 | -95.59% |
| 500 MON | Sh53,773.65 | Sh1,220,247.41 | -95.59% |
| 1000 MON | Sh107,547.3 | Sh2,440,494.81 | -95.59% |
How to convert MON to UGX
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Convert MON to UGX
Use a variety of payment options to buy MON on Bitget. We'll show you how.
Learn MoreBuy MON (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of MON with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy MON with USDT via Bitget spot market.
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Sell MON (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of MON to UGX. However, you can first exchange MON 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 MON to UGX?
There are many factors that affect the relationship between MON 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 MON/UGX. When there is positive news in the market about the widespread adoption of MON or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MON/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MON/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 MON/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 MON and adjust their investment strategies accordingly in the evolving market.
MON price prediction
What will the price of MON be in 2026?
Based on MON's historical price performance prediction model, the price of MON is projected to reach $0.03696 in 2026.
What will the price of MON be in 2031?
In 2031, the MON price is expected to change by +24.00%. By the end of 2031, the MON price is projected to reach $0.08260, with a cumulative ROI of +171.78%.
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Popular MON Converter
Check out these popular currency conversions of MON to several fiat currencies.
MON to UGX
1 MON to Sh 107.55 UGX
MON to TWD
1 MON to NT$ 0.9771 TWD
MON to CNY
1 MON to ¥ 0.2146 CNY
MON to USD
1 MON to $ 0.02950 USD
MON to EUR
1 MON to € 0.02725 EUR
MON to CAD
1 MON to $ 0.04225 CAD
MON to KRW
1 MON to ₩ 43.12 KRW
MON to JPY
1 MON to ¥ 4.41 JPY
MON to GBP
1 MON to £ 0.02279 GBP
MON to BRL
1 MON to R$ 0.1678 BRL
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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 MON 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 MON 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 MON 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.
