Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
base info MagnetGold

MagnetGold to Ugandan shilling Converter and calculator

Not listed
Convert 1MagnetGold (MTG) to Ugandan shilling (UGX) equals Sh 93.76 | Bitget
MTG
MTG
swap
UGX
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of MagnetGold(MTG) to Ugandan shilling(UGX). This is the real-time data. The current conversion shows 1 MTG at a value of 1 MTG for 93.76 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.

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

MTG to UGX conversion rate trend

1D7D1M3M1YAll
In the past 1D, MagnetGold has changed -18.72% to UGX. Based on the trend and price charts, MagnetGold(MTG) has changed -18.72% to UGX while Ugandan shilling(UGX) has changed % to MTG in the last 24 hours.

MTG to UGX market statistics

MTG/UGX:
Sh 93.76
MTG 24h volume:
Sh 738,756.25
MTG market cap:
--
MTG circulating supply:
0 MTG

Current MTG to UGX exchange rate

MagnetGold to Ugandan shilling is falling this week.
MagnetGold's current market price is Sh 93.76 per MTG, with a total market cap of Sh 0 UGX based on a circulating supply of -- MTG. The trading volume of MagnetGold has changed by +32.09% (Sh 179,484.76 UGX) in the last 24 hours. Last trading day, MTG's trading volume was Sh 559,271.49.

MTG to UGX Conversion tables

The exchange rate of MagnetGold is decreasing.
1 MTG is currently valued at Sh 93.76 UGX , which means buying 5 MTG will cost Sh 468.78 UGX . Similarly, Sh1 UGX can be traded for 0.01067 MTG, and Sh50 UGX can be converted to 0.5333 MTG, excluding any platform or gas fees.
The exchange rate of 1 MTG to Ugandan shilling has changed by -18.27% in the last 7 days. In the last 24 hours, the rate has fluctuated by -18.72%, reaching a high of 147.56 UGX and a low of 85.28 UGX . One month ago, the value of 1 MTG was Sh 102.29 UGX , which represents a -8.35% change from its current value. Over the last year, MagnetGold has changed by
-Sh
421.89UGX
, resulting in a change of -81.82% in its value.

MTG to UGX

Amount
22:27 today
0.5 MTG
Sh46.88
1 MTG
Sh93.76
5 MTG
Sh468.78
10 MTG
Sh937.55
50 MTG
Sh4,687.75
100 MTG
Sh9,375.51
500 MTG
Sh46,877.53
1000 MTG
Sh93,755.06

UGX to MTG

Amount22:27 today
0.5UGX0.005333  MTG
1UGX0.01067  MTG
5UGX0.05333  MTG
10UGX0.1067  MTG
50UGX0.5333  MTG
100UGX1.07  MTG
500UGX5.33  MTG
1000UGX10.67  MTG
Buy crypto

MTG to UGX Today vs. 24 hours ago

Amount22:27 today24 hours ago24h change
0.5 MTGSh46.88Sh57.67
-18.72%
1 MTGSh93.76Sh115.34
-18.72%
5 MTGSh468.78Sh576.72
-18.72%
10 MTGSh937.55Sh1,153.45
-18.72%
50 MTGSh4,687.75Sh5,767.25
-18.72%
100 MTGSh9,375.51Sh11,534.5
-18.72%
500 MTGSh46,877.53Sh57,672.48
-18.72%
1000 MTGSh93,755.06Sh115,344.97
-18.72%

MTG to UGX Today vs. 1 month ago

Amount22:27 today1 month ago1M change
0.5 MTGSh46.88Sh51.15
-8.35%
1 MTGSh93.76Sh102.29
-8.35%
5 MTGSh468.78Sh511.47
-8.35%
10 MTGSh937.55Sh1,022.95
-8.35%
50 MTGSh4,687.75Sh5,114.74
-8.35%
100 MTGSh9,375.51Sh10,229.48
-8.35%
500 MTGSh46,877.53Sh51,147.42
-8.35%
1000 MTGSh93,755.06Sh102,294.83
-8.35%

MTG to UGX Today vs. 1 year ago

Amount22:27 today1 year ago1Y change
0.5 MTGSh46.88Sh257.82
-81.82%
1 MTGSh93.76Sh515.65
-81.82%
5 MTGSh468.78Sh2,578.23
-81.82%
10 MTGSh937.55Sh5,156.45
-81.82%
50 MTGSh4,687.75Sh25,782.25
-81.82%
100 MTGSh9,375.51Sh51,564.5
-81.82%
500 MTGSh46,877.53Sh257,822.5
-81.82%
1000 MTGSh93,755.06Sh515,645
-81.82%

How to convert MTG to UGX

buy-coin-step-0-img
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.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Convert MTG to UGX
Use a variety of payment options to buy MagnetGold on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of MTG with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy MTG with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Sell MTG (or USDT) for UGX (Ugandan Shilling) offers

Bitget P2P trading currently does not support direct selling of MTG to UGX. However, you can first exchange MTG 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 MTG to UGX?

There are many factors that affect the relationship between MagnetGold and Ugandan Shilling, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MTG/UGX. When there is positive news in the market about the widespread adoption of MTG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MTG/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MTG/UGX.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MTG/UGX. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of MagnetGold and adjust their investment strategies accordingly in the evolving market.

MagnetGold price prediction

What will the price of MTG be in 2026?

Based on MTG's historical price performance prediction model, the price of MTG is projected to reach $0.03604 in 2026.

What will the price of MTG be in 2031?

In 2031, the MTG price is expected to change by 0.00%. By the end of 2031, the MTG price is projected to reach $0.06314, with a cumulative ROI of +98.87%.

Bitget Earn

A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin

APR

Action

Latest coin listings on Bitget

New listings

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 MagnetGold 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 MagnetGold 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 MagnetGold 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.