BAX
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 BABB(BAX) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 BAX at a value of 1 BAX for 0.31 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 BABB currency pair is the BAX to UGX, with for BABB's currency code being BAX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
BAX to UGX conversion rate trend
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In the past 1D, BABB has changed -4.18% to UGX. Based on the trend and price charts, BABB(BAX) has changed -4.18% to UGX while Ugandan Shilling(UGX) has changed % to BAX in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh0.3069 | 0.0200% / 0.0320%  VIP 7 | |
KuCoin | Sh0.3053 | 0.1000% / 0.1000% | Yes |
Last updated 2024/07/08 15:00:20(UTC+0)
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Buy BAX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of BAX with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy BAX 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 BAX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of BAX to UGX. However, you can first exchange BAX for USDT in the Bitget spot market, and then sell USDT to UGX in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|---|---|---|---|
R RAGNAR255  2 trades｜Completion rate 100.00% | 4000 UGX | Amount12223.12 USDT Limit110000 - 49852000 UGX |  | |
j jonioluks 0 trades｜Completion rate 0.00% | 3501.01 UGX | Amount10000 USDT Limit110000 - 200000 UGX |   | |
T The_P2P_Plug 0 trades｜Completion rate 0.00% | 3501 UGX | Amount45840 USDT Limit110000 - 55000000 UGX | | |
L LAGERTHA255 2 trades｜Completion rate 100.00% | 3500 UGX | Amount10000 USDT Limit110000 - 960000 UGX | | |
G GYYDA 2 trades｜Completion rate 100.00% | 3500 UGX | Amount10000 USDT Limit110000 - 35000000 UGX | |
What factors influence the conversion rate of BABB to Ugandan Shilling?
BABB to Ugandan Shilling is falling this week.BABB's current market price is Sh 0.3069 per BAX, with a total market cap of Sh 22,488,626,585.93 UGX based on a circulating supply of 73,280,950,000 BAX. The trading volume of BABB has changed by +46.82% (Sh 44,306,880.13 UGX) in the last 24 hours. Last trading day, BAX's trading volume was Sh 94,642,284.5.
Market cap
$6.06M
24h volume
$37.45K
Circulating supply
73.28B BAX
Conversion tables
The exchange rate of BABB is decreasing.1 BAX is currently valued at Sh 0.3069 UGX , which means buying 5 BAX will cost Sh 1.53 UGX . Similarly, Sh1 UGX can be traded for 3.26 BAX, and Sh50 UGX can be converted to 162.93 BAX, excluding any platform or gas fees.
The exchange rate of 1 BAX to Ugandan Shilling has changed by -16.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.18%, reaching a high of 0.3233 UGX and a low of 0.3035 UGX . One month ago, the value of 1 BAX was Sh 0.3960 UGX , which represents a -22.51% change from its current value. Over the last year, BABB has changed by , resulting in a change of -64.89% in its value.
-Sh
0.5674UGXBAX to UGX
Amount
15:35 today
0.5 BAX
Sh0.1534
1 BAX
Sh0.3069
5 BAX
Sh1.53
10 BAX
Sh3.07
50 BAX
Sh15.34
100 BAX
Sh30.69
500 BAX
Sh153.44
1000 BAX
Sh306.88
UGX to BAX
Amount15:35 today
0.5UGX1.63 BAX
1UGX3.26 BAX
5UGX16.29 BAX
10UGX32.59 BAX
50UGX162.93 BAX
100UGX325.86 BAX
500UGX1,629.29 BAX
1000UGX3,258.58 BAX
Today vs. 24 hours ago
| Amount | 15:35 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BAX | $0.{4}4136 | $0.{4}4316 | -4.18% |
| 1 BAX | $0.{4}8272 | $0.{4}8633 | -4.18% |
| 5 BAX | $0.0004136 | $0.0004316 | -4.18% |
| 10 BAX | $0.0008272 | $0.0008633 | -4.18% |
| 50 BAX | $0.004136 | $0.004316 | -4.18% |
| 100 BAX | $0.008272 | $0.008633 | -4.18% |
| 500 BAX | $0.04136 | $0.04316 | -4.18% |
| 1000 BAX | $0.08272 | $0.08633 | -4.18% |
Today vs. 1 month ago
| Amount | 15:35 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BAX | $0.{4}4136 | $0.{4}5337 | -22.51% |
| 1 BAX | $0.{4}8272 | $0.0001067 | -22.51% |
| 5 BAX | $0.0004136 | $0.0005337 | -22.51% |
| 10 BAX | $0.0008272 | $0.001067 | -22.51% |
| 50 BAX | $0.004136 | $0.005337 | -22.51% |
| 100 BAX | $0.008272 | $0.01067 | -22.51% |
| 500 BAX | $0.04136 | $0.05337 | -22.51% |
| 1000 BAX | $0.08272 | $0.1067 | -22.51% |
Today vs. 1 year ago
| Amount | 15:35 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BAX | $0.{4}4136 | $0.0001178 | -64.89% |
| 1 BAX | $0.{4}8272 | $0.0002356 | -64.89% |
| 5 BAX | $0.0004136 | $0.001178 | -64.89% |
| 10 BAX | $0.0008272 | $0.002356 | -64.89% |
| 50 BAX | $0.004136 | $0.01178 | -64.89% |
| 100 BAX | $0.008272 | $0.02356 | -64.89% |
| 500 BAX | $0.04136 | $0.1178 | -64.89% |
| 1000 BAX | $0.08272 | $0.2356 | -64.89% |
BABB price prediction
What will the price of BAX be in 2025?
Based on BAX's historical price performance prediction model, the price of BAX is projected to reach $0.0001278 in 2025.
What will the price of BAX be in 2030?
In 2030, the BAX price is expected to change by -20.00%. By the end of 2030, the BAX price is projected to reach $0.0002210, with a cumulative ROI of +167.18%.
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Popular BABB conversions
Check out these popular currency conversions of BABB to several fiat currencies.
BABB to USD
1 BAX to $ 0.{4}8272 USD
BABB to GBP
1 BAX to £ 0.{4}6440 GBP
BABB to EUR
1 BAX to € 0.{4}7628 EUR
BABB to KRW
1 BAX to ₩ 0.1143 KRW
BABB to CAD
1 BAX to $ 0.0001127 CAD
BABB to AUD
1 BAX to $ 0.0001225 AUD
BABB to JPY
1 BAX to ¥ 0.01329 JPY
BABB to BRL
1 BAX to R$ 0.0004536 BRL
BABB to CNY
1 BAX to ¥ 0.0006022 CNY
BABB to TWD
1 BAX to NT$ 0.002684 TWD
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1 STRUMP to Sh 31.09 UGX
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1 SOL to Sh 515,192.57 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 BABB 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 BABB 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 BABB 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.
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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.
