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base info GEODNET

GEODNET to Ugandan Shilling Converter and calculator

Convert 1GEODNET (GEOD) to Ugandan Shilling (UGX) equals Sh 943.94 | 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 GEODNET(GEOD) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 GEOD at a value of 1 GEOD for 943.94 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 GEODNET currency pair is the GEOD to UGX, with for GEODNET's currency code being GEOD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

GEOD to UGX conversion rate trend

1D7D1M3M1YAll
In the past 1D, GEODNET has changed -1.16% to UGX. Based on the trend and price charts, GEODNET(GEOD) has changed -1.16% to UGX while Ugandan Shilling(UGX) has changed % to GEOD in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
Sh953.51
0.0200% / 0.0320%vip-iconVIP 7
Gate.io
Sh948.33
0.1000% / 0.1000%
Yes
Last updated 2024/11/24 08:00:14(UTC+0)

How to buy GEODNET

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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.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy GEODNET (GEOD)
Use a variety of payment options to buy GEODNET on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of GEOD with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy GEOD with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell GEOD (or USDT) for UGX (Ugandan Shilling) offers

Bitget P2P trading currently does not support direct selling of GEOD to UGX. However, you can first exchange GEOD 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
Action
No matching ads found.

What factors influence the conversion rate of GEODNET to Ugandan Shilling?

GEODNET to Ugandan Shilling is rising this week.
GEODNET's current market price is Sh 943.94 per GEOD, with a total market cap of Sh 187,064,183,818.52 UGX based on a circulating supply of 198,173,860 GEOD. The trading volume of GEODNET has changed by -33.96% (Sh -571,402,180.87 UGX) in the last 24 hours. Last trading day, GEOD's trading volume was Sh 1,682,737,665.54.
Market cap
$50.64M
24h volume
$300.85K
Circulating supply
198.17M GEOD

Conversion tables

The exchange rate of GEODNET is increasing.
1 GEOD is currently valued at Sh 943.94 UGX , which means buying 5 GEOD will cost Sh 4,719.7 UGX . Similarly, Sh1 UGX can be traded for 0.001059 GEOD, and Sh50 UGX can be converted to 0.05297 GEOD, excluding any platform or gas fees.
The exchange rate of 1 GEOD to Ugandan Shilling has changed by +2.06% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.16%, reaching a high of 966.32 UGX and a low of 941.83 UGX . One month ago, the value of 1 GEOD was Sh 820.59 UGX , which represents a +15.03% change from its current value. Over the last year, GEODNET has changed by
+Sh
684.87UGX
, resulting in a change of +264.25% in its value.

GEOD to UGX

Amount
13:12 today
0.5 GEOD
Sh471.97
1 GEOD
Sh943.94
5 GEOD
Sh4,719.7
10 GEOD
Sh9,439.4
50 GEOD
Sh47,196.99
100 GEOD
Sh94,393.98
500 GEOD
Sh471,969.89
1000 GEOD
Sh943,939.77

UGX to GEOD

Amount13:12 today
0.5UGX0.0005297  GEOD
1UGX0.001059  GEOD
5UGX0.005297  GEOD
10UGX0.01059  GEOD
50UGX0.05297  GEOD
100UGX0.1059  GEOD
500UGX0.5297  GEOD
1000UGX1.06  GEOD

Today vs. 24 hours ago

Amount13:12 today24 hours ago24h change
0.5 GEOD$0.1278$0.1293
-1.16%
1 GEOD$0.2555$0.2585
-1.16%
5 GEOD$1.28$1.29
-1.16%
10 GEOD$2.56$2.59
-1.16%
50 GEOD$12.78$12.93
-1.16%
100 GEOD$25.55$25.85
-1.16%
500 GEOD$127.77$129.26
-1.16%
1000 GEOD$255.53$258.53
-1.16%

Today vs. 1 month ago

Amount13:12 today1 month ago1M change
0.5 GEOD$0.1278$0.1111
+15.03%
1 GEOD$0.2555$0.2221
+15.03%
5 GEOD$1.28$1.11
+15.03%
10 GEOD$2.56$2.22
+15.03%
50 GEOD$12.78$11.11
+15.03%
100 GEOD$25.55$22.21
+15.03%
500 GEOD$127.77$111.07
+15.03%
1000 GEOD$255.53$222.14
+15.03%

Today vs. 1 year ago

Amount13:12 today1 year ago1Y change
0.5 GEOD$0.1278$0.03507
+264.25%
1 GEOD$0.2555$0.07013
+264.25%
5 GEOD$1.28$0.3507
+264.25%
10 GEOD$2.56$0.7013
+264.25%
50 GEOD$12.78$3.51
+264.25%
100 GEOD$25.55$7.01
+264.25%
500 GEOD$127.77$35.07
+264.25%
1000 GEOD$255.53$70.13
+264.25%

GEODNET price prediction

What will the price of GEOD be in 2025?

Based on GEOD's historical price performance prediction model, the price of GEOD is projected to reach $0.2834 in 2025.

What will the price of GEOD be in 2030?

In 2030, the GEOD price is expected to change by +9.00%. By the end of 2030, the GEOD price is projected to reach $0.6443, with a cumulative ROI of +151.06%.

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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 GEODNET 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 GEODNET 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 GEODNET 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.