NEXO
UGX
Last updated 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 Nexo(NEXO) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 NEXO at a value of 1 NEXO for 4,876.26 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 Nexo currency pair is the NEXO to UGX, with for Nexo's currency code being NEXO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
NEXO to UGX conversion rate trend
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In the past 1D, Nexo has changed -3.59% to UGX. Based on the trend and price charts, Nexo(NEXO) has changed -3.59% to UGX while Ugandan Shilling(UGX) has changed % to NEXO in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh4,888.53 | 0.0200% / 0.0320%  VIP 7 | |
Binance | Sh4,884.88 | 0.1000% / 0.1000% | Yes |
Huobi | Sh4,887.8 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh4,861.5 | 0.1000% / 0.1000% | Yes |
Bybit | Sh4,884.51 | 0.1000% / 0.1000% | Yes |
Bitfinex | Sh4,916.67 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 00:00:30(UTC+0)
How to buy Nexo
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Nexo (NEXO)
Use a variety of payment options to buy Nexo on Bitget. We'll show you how.
Learn MoreBuy NEXO (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of NEXO with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy NEXO with USDT via Bitget spot market.
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Sell NEXO (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of NEXO to UGX. However, you can first exchange NEXO 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 Nexo to Ugandan Shilling?
Nexo to Ugandan Shilling is falling this week.Nexo's current market price is Sh 4,876.26 per NEXO, with a total market cap of Sh 3,150,776,374,600.89 UGX based on a circulating supply of 646,145,860 NEXO. The trading volume of Nexo has changed by -56.36% (Sh -30,632,435,821.97 UGX) in the last 24 hours. Last trading day, NEXO's trading volume was Sh 54,354,655,571.79.
Market cap
$862.37M
24h volume
$6.49M
Circulating supply
646.15M NEXO
Conversion tables
The exchange rate of Nexo is increasing.1 NEXO is currently valued at Sh 4,876.26 UGX , which means buying 5 NEXO will cost Sh 24,381.31 UGX . Similarly, Sh1 UGX can be traded for 0.0002051 NEXO, and Sh50 UGX can be converted to 0.01025 NEXO, excluding any platform or gas fees.
The exchange rate of 1 NEXO to Ugandan Shilling has changed by -9.56% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.59%, reaching a high of 5,179.62 UGX and a low of 4,855.15 UGX . One month ago, the value of 1 NEXO was Sh 4,836.72 UGX , which represents a +0.82% change from its current value. Over the last year, Nexo has changed by , resulting in a change of +49.48% in its value.
+Sh
1,614.15UGXNEXO to UGX
Amount
04:05 am today
0.5 NEXO
Sh2,438.13
1 NEXO
Sh4,876.26
5 NEXO
Sh24,381.31
10 NEXO
Sh48,762.62
50 NEXO
Sh243,813.09
100 NEXO
Sh487,626.18
500 NEXO
Sh2,438,130.9
1000 NEXO
Sh4,876,261.81
UGX to NEXO
Amount04:05 am today
0.5UGX0.0001025 NEXO
1UGX0.0002051 NEXO
5UGX0.001025 NEXO
10UGX0.002051 NEXO
50UGX0.01025 NEXO
100UGX0.02051 NEXO
500UGX0.1025 NEXO
1000UGX0.2051 NEXO
Today vs. 24 hours ago
| Amount | 04:05 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 NEXO | $0.6673 | $0.6922 | -3.59% |
| 1 NEXO | $1.33 | $1.38 | -3.59% |
| 5 NEXO | $6.67 | $6.92 | -3.59% |
| 10 NEXO | $13.35 | $13.84 | -3.59% |
| 50 NEXO | $66.73 | $69.22 | -3.59% |
| 100 NEXO | $133.46 | $138.43 | -3.59% |
| 500 NEXO | $667.32 | $692.17 | -3.59% |
| 1000 NEXO | $1,334.64 | $1,384.33 | -3.59% |
Today vs. 1 month ago
| Amount | 04:05 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 NEXO | $0.6673 | $0.6619 | +0.82% |
| 1 NEXO | $1.33 | $1.32 | +0.82% |
| 5 NEXO | $6.67 | $6.62 | +0.82% |
| 10 NEXO | $13.35 | $13.24 | +0.82% |
| 50 NEXO | $66.73 | $66.19 | +0.82% |
| 100 NEXO | $133.46 | $132.38 | +0.82% |
| 500 NEXO | $667.32 | $661.91 | +0.82% |
| 1000 NEXO | $1,334.64 | $1,323.82 | +0.82% |
Today vs. 1 year ago
| Amount | 04:05 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 NEXO | $0.6673 | $0.4464 | +49.48% |
| 1 NEXO | $1.33 | $0.8928 | +49.48% |
| 5 NEXO | $6.67 | $4.46 | +49.48% |
| 10 NEXO | $13.35 | $8.93 | +49.48% |
| 50 NEXO | $66.73 | $44.64 | +49.48% |
| 100 NEXO | $133.46 | $89.28 | +49.48% |
| 500 NEXO | $667.32 | $446.42 | +49.48% |
| 1000 NEXO | $1,334.64 | $892.85 | +49.48% |
Nexo price prediction
What will the price of NEXO be in 2025?
Based on NEXO's historical price performance prediction model, the price of NEXO is projected to reach $2.1 in 2025.
What will the price of NEXO be in 2030?
In 2030, the NEXO price is expected to change by -9.00%. By the end of 2030, the NEXO price is projected to reach $2.57, with a cumulative ROI of +89.88%.
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Popular Nexo conversions
Check out these popular currency conversions of Nexo to several fiat currencies.
Nexo to USD
1 NEXO to $ 1.33 USD
Nexo to GBP
1 NEXO to £ 1.06 GBP
Nexo to EUR
1 NEXO to € 1.28 EUR
Nexo to KRW
1 NEXO to ₩ 1,930.45 KRW
Nexo to CAD
1 NEXO to $ 1.92 CAD
Nexo to AUD
1 NEXO to $ 2.14 AUD
Nexo to JPY
1 NEXO to ¥ 208.8 JPY
Nexo to BRL
1 NEXO to R$ 8.12 BRL
Nexo to CNY
1 NEXO to ¥ 9.74 CNY
Nexo to TWD
1 NEXO to NT$ 43.55 TWD
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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 Nexo 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 Nexo 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 Nexo 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.
