MGP to UZS Converter and calculator


Conversion rates
Convert MGP to UZS
Convert UZS to MGP
MGP to UZS chart
MGP to UZS conversion data: Volatility and price changes of MOST Global in UZS
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.0009447 UZS | 0.001005 UZS | 0.001269 UZS | 4,873.95 UZS |
Low | 0.0009377 UZS | 0.0008965 UZS | 0.0008937 UZS | 0.{4}4722 UZS |
Average | 0 UZS | 0 UZS | 0 UZS | 0 UZS |
Volatility | % | % | % | % |
Change | -0.73% | +4.65% | -18.54% | -100.00% |
MOST Global information
MGP to UZS market statistics
Current MGP to UZS exchange rate
MOST Global to Uzbekistan Som is rising this week.More info about MOST Global on Bitget
Uzbekistan Som information
About Uzbekistan Som (UZS)
The Uzbekistan Som (UZS), introduced in 1993 following the dissolution of the Soviet Union, is more than just the national currency of Uzbekistan; it symbolizes the nation's transition to economic independence and its aspirations for future growth. It is commonly abbreviated as UZS and represented by the symbol so'm. Replacing the Soviet Ruble, the Som marked a significant step in Uzbekistan’s journey towards creating a market-oriented economy.
Historical Background
The introduction of the Uzbekistan Som was a crucial development in Uzbekistan’s post-Soviet economic transformation. It signified the country's departure from the Soviet economic system and was instrumental in laying the groundwork for an independent monetary policy. The Som's establishment coincided with Uzbekistan's broader efforts to diversify its economy and integrate into the global market.
Design and Symbolism
The design of the Uzbekistan Som reflects the country’s rich cultural heritage and history. Banknotes and coins feature images of historic figures, architectural landmarks, and symbols representing Uzbekistan’s art and culture. These designs serve not only as a medium for financial transactions but also as reminders of the nation's unique identity and pride.
Economic Role
The Som plays a central role in Uzbekistan’s economy, which includes significant sectors like cotton production, gold mining, and energy. As the primary medium of exchange, it supports these sectors, facilitating trade, investment, and the daily economic activities of Uzbek citizens.
Monetary Policy and Stability
Managed by the Central Bank of Uzbekistan, the Som has navigated through various challenges, including inflation and currency devaluation. The central bank's monetary policies focus on stabilizing the currency, controlling inflation, and fostering a conducive environment for economic growth and stability.
International Trade and the Uzbekistan Som
In international trade, the stability of the Som is crucial, particularly for Uzbekistan’s exports like cotton, gold, and natural gas. A stable Som is vital for maintaining competitive export prices and for managing the import of essential goods.
Remittances and Economic Impact
Remittances from Uzbekistanis working abroad, particularly in Russia and Kazakhstan, are a significant source of foreign income. These remittances, converted into Soms, support many families and contribute to the national economy, providing a vital cushion against economic shocks.
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MGP to UZS Conversion tables
Amount | 18:00 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MGP | so'm0 | so'm0.{5}3463 | -0.73% |
1 MGP | so'm0 | so'm0.{5}6925 | -0.73% |
5 MGP | so'm0 | so'm0.{4}3463 | -0.73% |
10 MGP | so'm0 | so'm0.{4}6925 | -0.73% |
50 MGP | so'm0 | so'm0.0003463 | -0.73% |
100 MGP | so'm0 | so'm0.0006925 | -0.73% |
500 MGP | so'm0 | so'm0.003463 | -0.73% |
1000 MGP | so'm0 | so'm0.006925 | -0.73% |
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