PARAS
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 Paras(PARAS) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 PARAS at a value of 1 PARAS for 27.33 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 Paras currency pair is the PARAS to UGX, with for Paras's currency code being PARAS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
PARAS to UGX conversion rate trend
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In the past 1D, Paras has changed -5.51% to UGX. Based on the trend and price charts, Paras(PARAS) has changed -5.51% to UGX while Ugandan Shilling(UGX) has changed % to PARAS in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh26.32 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/18 00:33:36(UTC+0)
How to buy Paras
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 identity by entering your personal information and uploading a valid photo ID.
Buy Paras (PARAS)
Use a variety of payment options to buy Paras on Bitget. We'll show you how.
Buy PARAS (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of PARAS with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy PARAS 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 PARAS (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of PARAS to UGX. However, you can first exchange PARAS 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 Paras to Ugandan Shilling?
Paras to Ugandan Shilling is rising this week.Paras's current market price is Sh 27.33 per PARAS, with a total market cap of Sh 0 UGX based on a circulating supply of -- PARAS. The trading volume of Paras has changed by -36.07% (Sh -2,957,785.82 UGX) in the last 24 hours. Last trading day, PARAS's trading volume was Sh 8,200,877.31.
Market cap
$0
24h volume
$1.44K
Circulating supply
0 PARAS
Conversion tables
The exchange rate of Paras is increasing.1 PARAS is currently valued at Sh 27.33 UGX , which means buying 5 PARAS will cost Sh 136.66 UGX . Similarly, Sh1 UGX can be traded for 0.03659 PARAS, and Sh50 UGX can be converted to 1.83 PARAS, excluding any platform or gas fees.
The exchange rate of 1 PARAS to Ugandan Shilling has changed by +2.46% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.51%, reaching a high of 31.39 UGX and a low of 26.3 UGX . One month ago, the value of 1 PARAS was Sh 24.65 UGX , which represents a +10.90% change from its current value. Over the last year, Paras has changed by , resulting in a change of -32.36% in its value.
-Sh
13.08UGXPARAS to UGX
Amount
04:14 am today
0.5 PARAS
Sh13.67
1 PARAS
Sh27.33
5 PARAS
Sh136.66
10 PARAS
Sh273.33
50 PARAS
Sh1,366.64
100 PARAS
Sh2,733.29
500 PARAS
Sh13,666.45
1000 PARAS
Sh27,332.89
UGX to PARAS
Amount04:14 am today
0.5UGX0.01829 PARAS
1UGX0.03659 PARAS
5UGX0.1829 PARAS
10UGX0.3659 PARAS
50UGX1.83 PARAS
100UGX3.66 PARAS
500UGX18.29 PARAS
1000UGX36.59 PARAS
Today vs. 24 hours ago
| Amount | 04:14 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PARAS | $0.003755 | $0.003974 | -5.51% |
| 1 PARAS | $0.007509 | $0.007947 | -5.51% |
| 5 PARAS | $0.03755 | $0.03974 | -5.51% |
| 10 PARAS | $0.07509 | $0.07947 | -5.51% |
| 50 PARAS | $0.3755 | $0.3974 | -5.51% |
| 100 PARAS | $0.7509 | $0.7947 | -5.51% |
| 500 PARAS | $3.75 | $3.97 | -5.51% |
| 1000 PARAS | $7.51 | $7.95 | -5.51% |
Today vs. 1 month ago
| Amount | 04:14 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PARAS | $0.003755 | $0.003386 | +10.90% |
| 1 PARAS | $0.007509 | $0.006771 | +10.90% |
| 5 PARAS | $0.03755 | $0.03386 | +10.90% |
| 10 PARAS | $0.07509 | $0.06771 | +10.90% |
| 50 PARAS | $0.3755 | $0.3386 | +10.90% |
| 100 PARAS | $0.7509 | $0.6771 | +10.90% |
| 500 PARAS | $3.75 | $3.39 | +10.90% |
| 1000 PARAS | $7.51 | $6.77 | +10.90% |
Today vs. 1 year ago
| Amount | 04:14 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PARAS | $0.003755 | $0.005551 | -32.36% |
| 1 PARAS | $0.007509 | $0.01110 | -32.36% |
| 5 PARAS | $0.03755 | $0.05551 | -32.36% |
| 10 PARAS | $0.07509 | $0.1110 | -32.36% |
| 50 PARAS | $0.3755 | $0.5551 | -32.36% |
| 100 PARAS | $0.7509 | $1.11 | -32.36% |
| 500 PARAS | $3.75 | $5.55 | -32.36% |
| 1000 PARAS | $7.51 | $11.1 | -32.36% |
Paras price prediction
What will the price of PARAS be in 2025?
Based on PARAS's historical price performance prediction model, the price of PARAS is projected to reach $0.01146 in 2025.
What will the price of PARAS be in 2030?
In 2030, the PARAS price is expected to change by -9.00%. By the end of 2030, the PARAS price is projected to reach $0.01681, with a cumulative ROI of +126.71%.
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Popular Paras conversions
Check out these popular currency conversions of Paras to several fiat currencies.
Paras to USD
1 PARAS to $ 0.007509 USD
Paras to GBP
1 PARAS to £ 0.005909 GBP
Paras to EUR
1 PARAS to € 0.007153 EUR
Paras to KRW
1 PARAS to ₩ 10.8 KRW
Paras to CAD
1 PARAS to $ 0.01075 CAD
Paras to AUD
1 PARAS to $ 0.01187 AUD
Paras to JPY
1 PARAS to ¥ 1.15 JPY
Paras to BRL
1 PARAS to R$ 0.04585 BRL
Paras to CNY
1 PARAS to ¥ 0.05471 CNY
Paras to TWD
1 PARAS to NT$ 0.2442 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Paras.
XRP to UGX
1 XRP to Sh 9,115.72 UGX
Solana to UGX
1 SOL to Sh 789,399.46 UGX
Litecoin to UGX
1 LTC to Sh 451,308.75 UGX
Stellar to UGX
1 XLM to Sh 1,552.93 UGX
Hedera to UGX
1 HBAR to Sh 1,057.02 UGX
Cronos to UGX
1 CRO to Sh 666.49 UGX
Bonk to UGX
1 BONK to Sh 0.1291 UGX
VeChain to UGX
1 VET to Sh 197.84 UGX
Algorand to UGX
1 ALGO to Sh 1,456.03 UGX
NEAR Protocol to UGX
1 NEAR to Sh 22,630.16 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 Paras 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 Paras 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 Paras 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.
