SMR
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 Shimmer(SMR) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 SMR at a value of 1 SMR for 9.41 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 Shimmer currency pair is the SMR to UGX, with for Shimmer's currency code being SMR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
SMR to UGX conversion rate trend
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In the past 1D, Shimmer has changed +4.86% to UGX. Based on the trend and price charts, Shimmer(SMR) has changed +4.86% to UGX while Ugandan Shilling(UGX) has changed % to SMR in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh9.64 | 0.0200% / 0.0320%  VIP 7 | |
Bitfinex | Sh9.11 | 0.1000% / 0.1000% | Yes |
Last updated 2024/08/30 01:00:18(UTC+0)
How to buy Shimmer
Create Your Free Bitget Account
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Buy Shimmer (SMR)
Use a variety of payment options to buy Shimmer on Bitget. We'll show you how.
Buy SMR (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of SMR with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy SMR 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 SMR (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of SMR to UGX. However, you can first exchange SMR 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 Shimmer to Ugandan Shilling?
Shimmer to Ugandan Shilling is falling this week.Shimmer's current market price is Sh 9.41 per SMR, with a total market cap of Sh 0 UGX based on a circulating supply of -- SMR. The trading volume of Shimmer has changed by -76.26% (Sh -40,054,096.42 UGX) in the last 24 hours. Last trading day, SMR's trading volume was Sh 52,520,181.71.
Market cap
$0
24h volume
$3.41K
Circulating supply
0 SMR
Conversion tables
The exchange rate of Shimmer is increasing.1 SMR is currently valued at Sh 9.41 UGX , which means buying 5 SMR will cost Sh 47.06 UGX . Similarly, Sh1 UGX can be traded for 0.1062 SMR, and Sh50 UGX can be converted to 5.31 SMR, excluding any platform or gas fees.
The exchange rate of 1 SMR to Ugandan Shilling has changed by -21.60% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.86%, reaching a high of 9.73 UGX and a low of 8.83 UGX . One month ago, the value of 1 SMR was Sh 9.12 UGX , which represents a +3.25% change from its current value. Over the last year, Shimmer has changed by , resulting in a change of -93.38% in its value.
-Sh
132.75UGXSMR to UGX
Amount
21:43 today
0.5 SMR
Sh4.71
1 SMR
Sh9.41
5 SMR
Sh47.06
10 SMR
Sh94.12
50 SMR
Sh470.6
100 SMR
Sh941.2
500 SMR
Sh4,706.01
1000 SMR
Sh9,412.02
UGX to SMR
Amount21:43 today
0.5UGX0.05312 SMR
1UGX0.1062 SMR
5UGX0.5312 SMR
10UGX1.06 SMR
50UGX5.31 SMR
100UGX10.62 SMR
500UGX53.12 SMR
1000UGX106.25 SMR
Today vs. 24 hours ago
| Amount | 21:43 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SMR | $0.001286 | $0.001226 | +4.86% |
| 1 SMR | $0.002571 | $0.002452 | +4.86% |
| 5 SMR | $0.01286 | $0.01226 | +4.86% |
| 10 SMR | $0.02571 | $0.02452 | +4.86% |
| 50 SMR | $0.1286 | $0.1226 | +4.86% |
| 100 SMR | $0.2571 | $0.2452 | +4.86% |
| 500 SMR | $1.29 | $1.23 | +4.86% |
| 1000 SMR | $2.57 | $2.45 | +4.86% |
Today vs. 1 month ago
| Amount | 21:43 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SMR | $0.001286 | $0.001245 | +3.25% |
| 1 SMR | $0.002571 | $0.002490 | +3.25% |
| 5 SMR | $0.01286 | $0.01245 | +3.25% |
| 10 SMR | $0.02571 | $0.02490 | +3.25% |
| 50 SMR | $0.1286 | $0.1245 | +3.25% |
| 100 SMR | $0.2571 | $0.2490 | +3.25% |
| 500 SMR | $1.29 | $1.25 | +3.25% |
| 1000 SMR | $2.57 | $2.49 | +3.25% |
Today vs. 1 year ago
| Amount | 21:43 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SMR | $0.001286 | $0.01942 | -93.38% |
| 1 SMR | $0.002571 | $0.03884 | -93.38% |
| 5 SMR | $0.01286 | $0.1942 | -93.38% |
| 10 SMR | $0.02571 | $0.3884 | -93.38% |
| 50 SMR | $0.1286 | $1.94 | -93.38% |
| 100 SMR | $0.2571 | $3.88 | -93.38% |
| 500 SMR | $1.29 | $19.42 | -93.38% |
| 1000 SMR | $2.57 | $38.84 | -93.38% |
Shimmer price prediction
What will the price of SMR be in 2025?
Based on SMR's historical price performance prediction model, the price of SMR is projected to reach $0.007585 in 2025.
What will the price of SMR be in 2030?
In 2030, the SMR price is expected to change by -15.00%. By the end of 2030, the SMR price is projected to reach $0.008259, with a cumulative ROI of +161.97%.
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Popular Shimmer conversions
Check out these popular currency conversions of Shimmer to several fiat currencies.
Shimmer to USD
1 SMR to $ 0.002571 USD
Shimmer to GBP
1 SMR to £ 0.002019 GBP
Shimmer to EUR
1 SMR to € 0.002453 EUR
Shimmer to KRW
1 SMR to ₩ 3.68 KRW
Shimmer to CAD
1 SMR to $ 0.003642 CAD
Shimmer to AUD
1 SMR to $ 0.004039 AUD
Shimmer to JPY
1 SMR to ¥ 0.3925 JPY
Shimmer to BRL
1 SMR to R$ 0.01547 BRL
Shimmer to CNY
1 SMR to ¥ 0.01870 CNY
Shimmer to TWD
1 SMR to NT$ 0.08352 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Shimmer.
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1 PEPU to Sh -- UGX
MAD to UGX
1 MAD to Sh 0.1945 UGX
Propchain to UGX
1 PROPC to Sh 6,865.35 UGX
aelf to UGX
1 ELF to Sh 1,970.16 UGX
Didi Bam Bam to UGX
1 DDBAM to Sh -- UGX
Bitcoin to UGX
1 BTC to Sh 370,968,955.95 UGX
io.net to UGX
1 IO to Sh 14,622.06 UGX
Movement to UGX
1 MOVE to Sh 2,579.97 UGX
Peanut the Squirrel to UGX
1 PNUT to Sh 4,672.72 UGX
Solana to UGX
1 SOL to Sh 839,249.5 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 Shimmer 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 Shimmer 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 Shimmer 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.
