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ME
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 Magic Eden(ME) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 ME at a value of 1 ME for 11,165.75 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 Magic Eden currency pair is the ME to UGX, with for Magic Eden's currency code being ME. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
ME to UGX conversion rate trend
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In the past 1D, Magic Eden has changed -0.76% to UGX. Based on the trend and price charts, Magic Eden(ME) has changed -0.76% to UGX while Ugandan Shilling(UGX) has changed % to ME in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh11,273.03 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/18 08:38:10(UTC+0)
How to buy Magic Eden
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Buy Magic Eden (ME)
Use a variety of payment options to buy Magic Eden on Bitget. We'll show you how.
Learn MoreBuy ME (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of ME with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy ME 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 ME (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of ME to UGX. However, you can first exchange ME 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 Magic Eden to Ugandan Shilling?
Magic Eden to Ugandan Shilling is falling this week.Magic Eden's current market price is Sh 11,165.75 per ME, with a total market cap of Sh -- UGX based on a circulating supply of -- ME. The trading volume of Magic Eden has changed by --% (Sh -- UGX) in the last 24 hours. Last trading day, ME's trading volume was Sh --.
Market cap
$--
24h volume
$--
Circulating supply
-- ME
Conversion tables
The exchange rate of Magic Eden is increasing.1 ME is currently valued at Sh 11,165.75 UGX , which means buying 5 ME will cost Sh 55,828.77 UGX . Similarly, Sh1 UGX can be traded for 0.{4}8956 ME, and Sh50 UGX can be converted to 0.004478 ME, excluding any platform or gas fees.
The exchange rate of 1 ME to Ugandan Shilling has changed by -22.28% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.76%, reaching a high of 11,688.66 UGX and a low of 10,805.76 UGX . One month ago, the value of 1 ME was Sh 138.91 UGX , which represents a +12129.60% change from its current value. Over the last year, Magic Eden has changed by , resulting in a change of +12129.60% in its value.
+Sh
117.82UGXME to UGX
Amount
13:06 today
0.5 ME
Sh5,582.88
1 ME
Sh11,165.75
5 ME
Sh55,828.77
10 ME
Sh111,657.54
50 ME
Sh558,287.71
100 ME
Sh1,116,575.42
500 ME
Sh5,582,877.1
1000 ME
Sh11,165,754.2
UGX to ME
Amount13:06 today
0.5UGX0.{4}4478 ME
1UGX0.{4}8956 ME
5UGX0.0004478 ME
10UGX0.0008956 ME
50UGX0.004478 ME
100UGX0.008956 ME
500UGX0.04478 ME
1000UGX0.08956 ME
Today vs. 24 hours ago
| Amount | 13:06 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ME | $1.54 | $1.55 | -0.76% |
| 1 ME | $3.07 | $3.09 | -0.76% |
| 5 ME | $15.35 | $15.47 | -0.76% |
| 10 ME | $30.71 | $30.94 | -0.76% |
| 50 ME | $153.53 | $154.71 | -0.76% |
| 100 ME | $307.06 | $309.41 | -0.76% |
| 500 ME | $1,535.3 | $1,547.05 | -0.76% |
| 1000 ME | $3,070.6 | $3,094.1 | -0.76% |
Today vs. 1 month ago
| Amount | 13:06 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ME | $1.54 | $0.01910 | +12129.60% |
| 1 ME | $3.07 | $0.03820 | +12129.60% |
| 5 ME | $15.35 | $0.1910 | +12129.60% |
| 10 ME | $30.71 | $0.3820 | +12129.60% |
| 50 ME | $153.53 | $1.91 | +12129.60% |
| 100 ME | $307.06 | $3.82 | +12129.60% |
| 500 ME | $1,535.3 | $19.1 | +12129.60% |
| 1000 ME | $3,070.6 | $38.2 | +12129.60% |
Today vs. 1 year ago
| Amount | 13:06 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ME | $1.54 | $0.01910 | +12129.60% |
| 1 ME | $3.07 | $0.03820 | +12129.60% |
| 5 ME | $15.35 | $0.1910 | +12129.60% |
| 10 ME | $30.71 | $0.3820 | +12129.60% |
| 50 ME | $153.53 | $1.91 | +12129.60% |
| 100 ME | $307.06 | $3.82 | +12129.60% |
| 500 ME | $1,535.3 | $19.1 | +12129.60% |
| 1000 ME | $3,070.6 | $38.2 | +12129.60% |
Magic Eden price prediction
What will the price of ME be in 2025?
Based on ME's historical price performance prediction model, the price of ME is projected to reach $0.00 in 2025.
What will the price of ME be in 2030?
In 2030, the ME price is expected to change by -1.00%. By the end of 2030, the ME price is projected to reach $0.00, with a cumulative ROI of -100.00%.
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Popular Magic Eden conversions
Check out these popular currency conversions of Magic Eden to several fiat currencies.
Magic Eden to USD
1 ME to $ 3.07 USD
Magic Eden to GBP
1 ME to £ 2.42 GBP
Magic Eden to EUR
1 ME to € 2.93 EUR
Magic Eden to KRW
1 ME to ₩ 4,411.72 KRW
Magic Eden to CAD
1 ME to $ 4.4 CAD
Magic Eden to AUD
1 ME to $ 4.87 AUD
Magic Eden to JPY
1 ME to ¥ 471.83 JPY
Magic Eden to BRL
1 ME to R$ 18.8 BRL
Magic Eden to CNY
1 ME to ¥ 22.38 CNY
Magic Eden to TWD
1 ME to NT$ 99.84 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Magic Eden.
Solana to UGX
1 SOL to Sh 786,524.77 UGX
Litecoin to UGX
1 LTC to Sh 426,227.3 UGX
XRP to UGX
1 XRP to Sh 9,236.71 UGX
Hedera to UGX
1 HBAR to Sh 1,078.35 UGX
Dogecoin to UGX
1 DOGE to Sh 1,397.05 UGX
BNB to UGX
1 BNB to Sh 2,602,934.18 UGX
Stellar to UGX
1 XLM to Sh 1,563.66 UGX
NEAR Protocol to UGX
1 NEAR to Sh 22,507.57 UGX
Bonk to UGX
1 BONK to Sh 0.1220 UGX
Bitget Token to UGX
1 BGB to Sh 16,002.14 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 Magic Eden 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 Magic Eden 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 Magic Eden 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.
