SBD
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 Steem Dollars(SBD) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 SBD at a value of 1 SBD for 11,438.64 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 Steem Dollars currency pair is the SBD to UGX, with for Steem Dollars's currency code being SBD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
SBD to UGX conversion rate trend
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In the past 1D, Steem Dollars has changed +4.03% to UGX. Based on the trend and price charts, Steem Dollars(SBD) has changed +4.03% to UGX while Ugandan Shilling(UGX) has changed % to SBD in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh11,293.21 | 0.0200% / 0.0320%  VIP 7 | |
Huobi | Sh11,225.83 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/22 00:00:19(UTC+0)
How to buy Steem Dollars
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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 Steem Dollars (SBD)
Use a variety of payment options to buy Steem Dollars on Bitget. We'll show you how.
Buy SBD (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of SBD with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy SBD 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 SBD (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of SBD to UGX. However, you can first exchange SBD 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 Steem Dollars to Ugandan Shilling?
Steem Dollars to Ugandan Shilling is rising this week.Steem Dollars's current market price is Sh 11,438.64 per SBD, with a total market cap of Sh 157,914,858,325.03 UGX based on a circulating supply of 13,805,393 SBD. The trading volume of Steem Dollars has changed by +28.99% (Sh 1,362,956,635.94 UGX) in the last 24 hours. Last trading day, SBD's trading volume was Sh 4,702,234,014.97.
Market cap
$42.54M
24h volume
$1.63M
Circulating supply
13.81M SBD
Conversion tables
The exchange rate of Steem Dollars is increasing.1 SBD is currently valued at Sh 11,438.64 UGX , which means buying 5 SBD will cost Sh 57,193.18 UGX . Similarly, Sh1 UGX can be traded for 0.{4}8742 SBD, and Sh50 UGX can be converted to 0.004371 SBD, excluding any platform or gas fees.
The exchange rate of 1 SBD to Ugandan Shilling has changed by +12.22% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.03%, reaching a high of 11,502.98 UGX and a low of 10,962.06 UGX . One month ago, the value of 1 SBD was Sh 9,799.6 UGX , which represents a +16.66% change from its current value. Over the last year, Steem Dollars has changed by , resulting in a change of -38.79% in its value.
-Sh
7,271.74UGXSBD to UGX
Amount
07:12 am today
0.5 SBD
Sh5,719.32
1 SBD
Sh11,438.64
5 SBD
Sh57,193.18
10 SBD
Sh114,386.35
50 SBD
Sh571,931.77
100 SBD
Sh1,143,863.54
500 SBD
Sh5,719,317.68
1000 SBD
Sh11,438,635.35
UGX to SBD
Amount07:12 am today
0.5UGX0.{4}4371 SBD
1UGX0.{4}8742 SBD
5UGX0.0004371 SBD
10UGX0.0008742 SBD
50UGX0.004371 SBD
100UGX0.008742 SBD
500UGX0.04371 SBD
1000UGX0.08742 SBD
Today vs. 24 hours ago
| Amount | 07:12 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SBD | $1.54 | $1.48 | +4.03% |
| 1 SBD | $3.08 | $2.96 | +4.03% |
| 5 SBD | $15.41 | $14.81 | +4.03% |
| 10 SBD | $30.82 | $29.62 | +4.03% |
| 50 SBD | $154.08 | $148.09 | +4.03% |
| 100 SBD | $308.16 | $296.19 | +4.03% |
| 500 SBD | $1,540.82 | $1,480.93 | +4.03% |
| 1000 SBD | $3,081.63 | $2,961.85 | +4.03% |
Today vs. 1 month ago
| Amount | 07:12 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SBD | $1.54 | $1.32 | +16.66% |
| 1 SBD | $3.08 | $2.64 | +16.66% |
| 5 SBD | $15.41 | $13.2 | +16.66% |
| 10 SBD | $30.82 | $26.4 | +16.66% |
| 50 SBD | $154.08 | $132 | +16.66% |
| 100 SBD | $308.16 | $264.01 | +16.66% |
| 500 SBD | $1,540.82 | $1,320.03 | +16.66% |
| 1000 SBD | $3,081.63 | $2,640.07 | +16.66% |
Today vs. 1 year ago
| Amount | 07:12 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SBD | $1.54 | $2.52 | -38.79% |
| 1 SBD | $3.08 | $5.04 | -38.79% |
| 5 SBD | $15.41 | $25.2 | -38.79% |
| 10 SBD | $30.82 | $50.41 | -38.79% |
| 50 SBD | $154.08 | $252.03 | -38.79% |
| 100 SBD | $308.16 | $504.07 | -38.79% |
| 500 SBD | $1,540.82 | $2,520.34 | -38.79% |
| 1000 SBD | $3,081.63 | $5,040.68 | -38.79% |
Steem Dollars price prediction
What will the price of SBD be in 2025?
Based on SBD's historical price performance prediction model, the price of SBD is projected to reach $4.68 in 2025.
What will the price of SBD be in 2030?
In 2030, the SBD price is expected to change by -7.00%. By the end of 2030, the SBD price is projected to reach $6.73, with a cumulative ROI of +123.10%.
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Popular Steem Dollars conversions
Check out these popular currency conversions of Steem Dollars to several fiat currencies.
Steem Dollars to USD
1 SBD to $ 3.08 USD
Steem Dollars to GBP
1 SBD to £ 2.45 GBP
Steem Dollars to EUR
1 SBD to € 2.94 EUR
Steem Dollars to KRW
1 SBD to ₩ 4,325.31 KRW
Steem Dollars to CAD
1 SBD to $ 4.31 CAD
Steem Dollars to AUD
1 SBD to $ 4.75 AUD
Steem Dollars to JPY
1 SBD to ¥ 477.14 JPY
Steem Dollars to BRL
1 SBD to R$ 17.92 BRL
Steem Dollars to CNY
1 SBD to ¥ 22.34 CNY
Steem Dollars to TWD
1 SBD to NT$ 100.4 TWD
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1 XRP to Sh 5,183.88 UGX
Stellar to UGX
1 XLM to Sh 1,049.62 UGX
Solana to UGX
1 SOL to Sh 961,214.59 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 Steem Dollars 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 Steem Dollars 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 Steem Dollars 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.
