SIMP
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 SO-COL(SIMP) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 SIMP at a value of 1 SIMP for 1.23 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 SO-COL currency pair is the SIMP to UGX, with for SO-COL's currency code being SIMP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
SIMP to UGX conversion rate trend
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In the past 1D, SO-COL has changed +0.17% to UGX. Based on the trend and price charts, SO-COL(SIMP) has changed +0.17% to UGX while Ugandan Shilling(UGX) has changed % to SIMP in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh1.23 | 0.0200% / 0.0320%  VIP 7 | |
KuCoin | Sh2.6 | 0.1000% / 0.1000% | Yes |
Last updated 2024/09/04 01:00:15(UTC+0)
How to buy SO-COL
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.
Buy SO-COL (SIMP)
Use a variety of payment options to buy SO-COL on Bitget. We'll show you how.
Buy SIMP (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of SIMP with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy SIMP 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 SIMP (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of SIMP to UGX. However, you can first exchange SIMP 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 SO-COL to Ugandan Shilling?
SO-COL to Ugandan Shilling is falling this week.SO-COL's current market price is Sh 1.23 per SIMP, with a total market cap of Sh 0 UGX based on a circulating supply of -- SIMP. The trading volume of SO-COL has changed by -72.88% (Sh -626,329.57 UGX) in the last 24 hours. Last trading day, SIMP's trading volume was Sh 859,426.73.
Market cap
$0
24h volume
$63.67249883
Circulating supply
0 SIMP
Conversion tables
The exchange rate of SO-COL is decreasing.1 SIMP is currently valued at Sh 1.23 UGX , which means buying 5 SIMP will cost Sh 6.14 UGX . Similarly, Sh1 UGX can be traded for 0.8137 SIMP, and Sh50 UGX can be converted to 40.69 SIMP, excluding any platform or gas fees.
The exchange rate of 1 SIMP to Ugandan Shilling has changed by -8.20% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.17%, reaching a high of 1.49 UGX and a low of 1.23 UGX . One month ago, the value of 1 SIMP was Sh 1.47 UGX , which represents a -16.53% change from its current value. Over the last year, SO-COL has changed by , resulting in a change of -79.80% in its value.
-Sh
4.85UGXSIMP to UGX
Amount
09:00 am today
0.5 SIMP
Sh0.6145
1 SIMP
Sh1.23
5 SIMP
Sh6.14
10 SIMP
Sh12.29
50 SIMP
Sh61.45
100 SIMP
Sh122.89
500 SIMP
Sh614.47
1000 SIMP
Sh1,228.94
UGX to SIMP
Amount09:00 am today
0.5UGX0.4069 SIMP
1UGX0.8137 SIMP
5UGX4.07 SIMP
10UGX8.14 SIMP
50UGX40.69 SIMP
100UGX81.37 SIMP
500UGX406.86 SIMP
1000UGX813.71 SIMP
Today vs. 24 hours ago
| Amount | 09:00 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SIMP | $0.0001678 | $0.0001676 | +0.17% |
| 1 SIMP | $0.0003357 | $0.0003351 | +0.17% |
| 5 SIMP | $0.001678 | $0.001676 | +0.17% |
| 10 SIMP | $0.003357 | $0.003351 | +0.17% |
| 50 SIMP | $0.01678 | $0.01676 | +0.17% |
| 100 SIMP | $0.03357 | $0.03351 | +0.17% |
| 500 SIMP | $0.1678 | $0.1676 | +0.17% |
| 1000 SIMP | $0.3357 | $0.3351 | +0.17% |
Today vs. 1 month ago
| Amount | 09:00 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SIMP | $0.0001678 | $0.0002011 | -16.53% |
| 1 SIMP | $0.0003357 | $0.0004022 | -16.53% |
| 5 SIMP | $0.001678 | $0.002011 | -16.53% |
| 10 SIMP | $0.003357 | $0.004022 | -16.53% |
| 50 SIMP | $0.01678 | $0.02011 | -16.53% |
| 100 SIMP | $0.03357 | $0.04022 | -16.53% |
| 500 SIMP | $0.1678 | $0.2011 | -16.53% |
| 1000 SIMP | $0.3357 | $0.4022 | -16.53% |
Today vs. 1 year ago
| Amount | 09:00 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SIMP | $0.0001678 | $0.0008308 | -79.80% |
| 1 SIMP | $0.0003357 | $0.001662 | -79.80% |
| 5 SIMP | $0.001678 | $0.008308 | -79.80% |
| 10 SIMP | $0.003357 | $0.01662 | -79.80% |
| 50 SIMP | $0.01678 | $0.08308 | -79.80% |
| 100 SIMP | $0.03357 | $0.1662 | -79.80% |
| 500 SIMP | $0.1678 | $0.8308 | -79.80% |
| 1000 SIMP | $0.3357 | $1.66 | -79.80% |
SO-COL price prediction
What will the price of SIMP be in 2025?
Based on SIMP's historical price performance prediction model, the price of SIMP is projected to reach $0.0009463 in 2025.
What will the price of SIMP be in 2030?
In 2030, the SIMP price is expected to change by -17.00%. By the end of 2030, the SIMP price is projected to reach $0.0009126, with a cumulative ROI of +171.86%.
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Popular SO-COL conversions
Check out these popular currency conversions of SO-COL to several fiat currencies.
SO-COL to USD
1 SIMP to $ 0.0003357 USD
SO-COL to GBP
1 SIMP to £ 0.0002588 GBP
SO-COL to EUR
1 SIMP to € 0.0003115 EUR
SO-COL to KRW
1 SIMP to ₩ 0.4655 KRW
SO-COL to CAD
1 SIMP to $ 0.0004660 CAD
SO-COL to AUD
1 SIMP to $ 0.0005043 AUD
SO-COL to JPY
1 SIMP to ¥ 0.05128 JPY
SO-COL to BRL
1 SIMP to R$ 0.001911 BRL
SO-COL to CNY
1 SIMP to ¥ 0.002402 CNY
SO-COL to TWD
1 SIMP to NT$ 0.01078 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in SO-COL.
Bitcoin to UGX
1 BTC to Sh 277,748,393.7 UGX
The dev is an Ape to UGX
1 APEDEV to Sh -- UGX
PepeCoin to UGX
1 PEPECOIN to Sh 11,965.52 UGX
SUNDOG to UGX
1 SUNDOG to Sh 519.08 UGX
Solana to UGX
1 SOL to Sh 731,293.72 UGX
Ethereum to UGX
1 ETH to Sh 10,625,470.73 UGX
Pepe to UGX
1 PEPE to Sh 0.03936 UGX
Swell Network to UGX
1 SWELL to Sh 166.85 UGX
Sui to UGX
1 SUI to Sh 8,406.1 UGX
Meson Network to UGX
1 MSN to Sh -- 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 SO-COL 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 SO-COL 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 SO-COL 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.
