OAX
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 OAX(OAX) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 OAX at a value of 1 OAX for 641.18 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 OAX currency pair is the OAX to UGX, with for OAX's currency code being OAX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
OAX to UGX conversion rate trend
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In the past 1D, OAX has changed +3.37% to UGX. Based on the trend and price charts, OAX(OAX) has changed +3.37% to UGX while Ugandan Shilling(UGX) has changed % to OAX in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh638.24 | 0.0200% / 0.0320%  VIP 7 | |
Binance | Sh640.08 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh638.97 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/10 00:00:27(UTC+0)
How to buy OAX
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Buy OAX (OAX)
Use a variety of payment options to buy OAX on Bitget. We'll show you how.
Learn MoreBuy OAX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of OAX with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy OAX with USDT via Bitget spot market.
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Sell OAX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of OAX to UGX. However, you can first exchange OAX for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of OAX to Ugandan Shilling?
OAX to Ugandan Shilling is rising this week.OAX's current market price is Sh 641.18 per OAX, with a total market cap of Sh 49,392,667,648.16 UGX based on a circulating supply of 77,034,450 OAX. The trading volume of OAX has changed by -77.00% (Sh -47,965,042,536.14 UGX) in the last 24 hours. Last trading day, OAX's trading volume was Sh 62,292,505,732.02.
Market cap
$13.42M
24h volume
$3.89M
Circulating supply
77.03M OAX
Conversion tables
The exchange rate of OAX is increasing.1 OAX is currently valued at Sh 641.18 UGX , which means buying 5 OAX will cost Sh 3,205.88 UGX . Similarly, Sh1 UGX can be traded for 0.001560 OAX, and Sh50 UGX can be converted to 0.07798 OAX, excluding any platform or gas fees.
The exchange rate of 1 OAX to Ugandan Shilling has changed by +25.13% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.37%, reaching a high of 644.3 UGX and a low of 607.29 UGX . One month ago, the value of 1 OAX was Sh 503.28 UGX , which represents a +27.42% change from its current value. Over the last year, OAX has changed by , resulting in a change of -8.29% in its value.
-Sh
57.95UGXOAX to UGX
Amount
04:04 am today
0.5 OAX
Sh320.59
1 OAX
Sh641.18
5 OAX
Sh3,205.88
10 OAX
Sh6,411.76
50 OAX
Sh32,058.82
100 OAX
Sh64,117.64
500 OAX
Sh320,588.18
1000 OAX
Sh641,176.37
UGX to OAX
Amount04:04 am today
0.5UGX0.0007798 OAX
1UGX0.001560 OAX
5UGX0.007798 OAX
10UGX0.01560 OAX
50UGX0.07798 OAX
100UGX0.1560 OAX
500UGX0.7798 OAX
1000UGX1.56 OAX
Today vs. 24 hours ago
| Amount | 04:04 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 OAX | $0.08710 | $0.08427 | +3.37% |
| 1 OAX | $0.1742 | $0.1685 | +3.37% |
| 5 OAX | $0.8710 | $0.8427 | +3.37% |
| 10 OAX | $1.74 | $1.69 | +3.37% |
| 50 OAX | $8.71 | $8.43 | +3.37% |
| 100 OAX | $17.42 | $16.85 | +3.37% |
| 500 OAX | $87.1 | $84.27 | +3.37% |
| 1000 OAX | $174.2 | $168.53 | +3.37% |
Today vs. 1 month ago
| Amount | 04:04 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 OAX | $0.08710 | $0.06837 | +27.42% |
| 1 OAX | $0.1742 | $0.1367 | +27.42% |
| 5 OAX | $0.8710 | $0.6837 | +27.42% |
| 10 OAX | $1.74 | $1.37 | +27.42% |
| 50 OAX | $8.71 | $6.84 | +27.42% |
| 100 OAX | $17.42 | $13.67 | +27.42% |
| 500 OAX | $87.1 | $68.37 | +27.42% |
| 1000 OAX | $174.2 | $136.73 | +27.42% |
Today vs. 1 year ago
| Amount | 04:04 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 OAX | $0.08710 | $0.09497 | -8.29% |
| 1 OAX | $0.1742 | $0.1899 | -8.29% |
| 5 OAX | $0.8710 | $0.9497 | -8.29% |
| 10 OAX | $1.74 | $1.9 | -8.29% |
| 50 OAX | $8.71 | $9.5 | -8.29% |
| 100 OAX | $17.42 | $18.99 | -8.29% |
| 500 OAX | $87.1 | $94.97 | -8.29% |
| 1000 OAX | $174.2 | $189.94 | -8.29% |
OAX price prediction
What will the price of OAX be in 2025?
Based on OAX's historical price performance prediction model, the price of OAX is projected to reach $0.2601 in 2025.
What will the price of OAX be in 2030?
In 2030, the OAX price is expected to change by -13.00%. By the end of 2030, the OAX price is projected to reach $0.4746, with a cumulative ROI of +176.78%.
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Popular OAX conversions
Check out these popular currency conversions of OAX to several fiat currencies.
OAX to USD
1 OAX to $ 0.1742 USD
OAX to GBP
1 OAX to £ 0.1348 GBP
OAX to EUR
1 OAX to € 0.1625 EUR
OAX to KRW
1 OAX to ₩ 243.56 KRW
OAX to CAD
1 OAX to $ 0.2423 CAD
OAX to AUD
1 OAX to $ 0.2647 AUD
OAX to JPY
1 OAX to ¥ 26.59 JPY
OAX to BRL
1 OAX to R$ 0.9995 BRL
OAX to CNY
1 OAX to ¥ 1.25 CNY
OAX to TWD
1 OAX to NT$ 5.62 TWD
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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 OAX 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 OAX 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 OAX 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.
