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base info Ton Raffles

Ton Raffles to Ugandan Shilling Converter and calculator

Convert 1Ton Raffles (RAFF) to Ugandan Shilling (UGX) equals Sh 537.49 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Ton Raffles(RAFF) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 RAFF at a value of 1 RAFF for 537.49 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.

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Bitget crypto-to-fiat exchange data shows that the most popular Ton Raffles currency pair is the RAFF to UGX, with for Ton Raffles's currency code being RAFF. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

RAFF to UGX conversion rate trend

1D7D1M3M1YAll
In the past 1D, Ton Raffles has changed +3.11% to UGX. Based on the trend and price charts, Ton Raffles(RAFF) has changed +3.11% to UGX while Ugandan Shilling(UGX) has changed % to RAFF in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh536.62
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/25 16:32:59(UTC+0)

How to buy Ton Raffles

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Ton Raffles (RAFF)
Use a variety of payment options to buy Ton Raffles on Bitget. We'll show you how.

Buy RAFF (or USDT) for UGX (Ugandan Shilling) offers

Bitget P2P trading does not currently support direct buying of RAFF with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy RAFF with USDT via Bitget spot market.
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Low to high
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Sell RAFF (or USDT) for UGX (Ugandan Shilling) offers

Bitget P2P trading currently does not support direct selling of RAFF to UGX. However, you can first exchange RAFF for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Ton Raffles to Ugandan Shilling?

Ton Raffles to Ugandan Shilling is rising this week.
Ton Raffles's current market price is Sh 537.49 per RAFF, with a total market cap of Sh 0 UGX based on a circulating supply of -- RAFF. The trading volume of Ton Raffles has changed by +88.25% (Sh 13,069,561.02 UGX) in the last 24 hours. Last trading day, RAFF's trading volume was Sh 14,810,271.47.
Market cap
$0
24h volume
$7.63K
Circulating supply
0 RAFF

Conversion tables

The exchange rate of Ton Raffles is decreasing.
1 RAFF is currently valued at Sh 537.49 UGX , which means buying 5 RAFF will cost Sh 2,687.44 UGX . Similarly, Sh1 UGX can be traded for 0.001861 RAFF, and Sh50 UGX can be converted to 0.09303 RAFF, excluding any platform or gas fees.
The exchange rate of 1 RAFF to Ugandan Shilling has changed by +4.74% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.11%, reaching a high of 547.2 UGX and a low of 505.2 UGX . One month ago, the value of 1 RAFF was Sh 638.74 UGX , which represents a -15.85% change from its current value. Over the last year, Ton Raffles has changed by
-Sh
1,892.44UGX
, resulting in a change of -77.88% in its value.

RAFF to UGX

Amount
21:19 today
0.5 RAFF
Sh268.74
1 RAFF
Sh537.49
5 RAFF
Sh2,687.44
10 RAFF
Sh5,374.89
50 RAFF
Sh26,874.43
100 RAFF
Sh53,748.86
500 RAFF
Sh268,744.32
1000 RAFF
Sh537,488.65

UGX to RAFF

Amount21:19 today
0.5UGX0.0009303  RAFF
1UGX0.001861  RAFF
5UGX0.009303  RAFF
10UGX0.01861  RAFF
50UGX0.09303  RAFF
100UGX0.1861  RAFF
500UGX0.9303  RAFF
1000UGX1.86  RAFF

Today vs. 24 hours ago

Amount21:19 today24 hours ago24h change
0.5 RAFF$0.07354$0.07132
+3.11%
1 RAFF$0.1471$0.1426
+3.11%
5 RAFF$0.7354$0.7132
+3.11%
10 RAFF$1.47$1.43
+3.11%
50 RAFF$7.35$7.13
+3.11%
100 RAFF$14.71$14.26
+3.11%
500 RAFF$73.54$71.32
+3.11%
1000 RAFF$147.07$142.64
+3.11%

Today vs. 1 month ago

Amount21:19 today1 month ago1M change
0.5 RAFF$0.07354$0.08739
-15.85%
1 RAFF$0.1471$0.1748
-15.85%
5 RAFF$0.7354$0.8739
-15.85%
10 RAFF$1.47$1.75
-15.85%
50 RAFF$7.35$8.74
-15.85%
100 RAFF$14.71$17.48
-15.85%
500 RAFF$73.54$87.39
-15.85%
1000 RAFF$147.07$174.78
-15.85%

Today vs. 1 year ago

Amount21:19 today1 year ago1Y change
0.5 RAFF$0.07354$0.3324
-77.88%
1 RAFF$0.1471$0.6649
-77.88%
5 RAFF$0.7354$3.32
-77.88%
10 RAFF$1.47$6.65
-77.88%
50 RAFF$7.35$33.24
-77.88%
100 RAFF$14.71$66.49
-77.88%
500 RAFF$73.54$332.45
-77.88%
1000 RAFF$147.07$664.89
-77.88%

Ton Raffles price prediction

What will the price of RAFF be in 2025?

Based on RAFF's historical price performance prediction model, the price of RAFF is projected to reach $0.2563 in 2025.

What will the price of RAFF be in 2030?

In 2030, the RAFF price is expected to change by +5.00%. By the end of 2030, the RAFF price is projected to reach $0.3778, with a cumulative ROI of +171.40%.

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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 Ton Raffles 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 Ton Raffles 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 Ton Raffles 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.