RAK
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 Rake Finance(RAK) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 RAK at a value of 1 RAK for 23,260.53 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 Rake Finance currency pair is the RAK to UGX, with for Rake Finance's currency code being RAK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
RAK to UGX conversion rate trend
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In the past 1D, Rake Finance has changed +4.89% to UGX. Based on the trend and price charts, Rake Finance(RAK) has changed +4.89% to UGX while Ugandan Shilling(UGX) has changed % to RAK in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh23,282.15 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/10 16:32:26(UTC+0)
How to buy Rake Finance
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.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Rake Finance (RAK)
Use a variety of payment options to buy Rake Finance on Bitget. We'll show you how.
Buy RAK (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of RAK with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy RAK 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 RAK (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of RAK to UGX. However, you can first exchange RAK 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 Rake Finance to Ugandan Shilling?
Rake Finance to Ugandan Shilling is rising this week.Rake Finance's current market price is Sh 23,260.53 per RAK, with a total market cap of Sh 0 UGX based on a circulating supply of -- RAK. The trading volume of Rake Finance has changed by +12.40% (Sh 24,601,102.09 UGX) in the last 24 hours. Last trading day, RAK's trading volume was Sh 198,445,595.96.
Market cap
$0
24h volume
$60.60K
Circulating supply
0 RAK
Conversion tables
The exchange rate of Rake Finance is increasing.1 RAK is currently valued at Sh 23,260.53 UGX , which means buying 5 RAK will cost Sh 116,302.63 UGX . Similarly, Sh1 UGX can be traded for 0.{4}4299 RAK, and Sh50 UGX can be converted to 0.002150 RAK, excluding any platform or gas fees.
The exchange rate of 1 RAK to Ugandan Shilling has changed by +11.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.89%, reaching a high of 24,325.69 UGX and a low of 22,126.77 UGX . One month ago, the value of 1 RAK was Sh 20,571.46 UGX , which represents a +13.07% change from its current value. Over the last year, Rake Finance has changed by , resulting in a change of -37.67% in its value.
-Sh
14,071.94UGXRAK to UGX
Amount
16:41 today
0.5 RAK
Sh11,630.26
1 RAK
Sh23,260.53
5 RAK
Sh116,302.63
10 RAK
Sh232,605.25
50 RAK
Sh1,163,026.27
100 RAK
Sh2,326,052.53
500 RAK
Sh11,630,262.65
1000 RAK
Sh23,260,525.31
UGX to RAK
Amount16:41 today
0.5UGX0.{4}2150 RAK
1UGX0.{4}4299 RAK
5UGX0.0002150 RAK
10UGX0.0004299 RAK
50UGX0.002150 RAK
100UGX0.004299 RAK
500UGX0.02150 RAK
1000UGX0.04299 RAK
Today vs. 24 hours ago
| Amount | 16:41 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RAK | $3.16 | $3.01 | +4.89% |
| 1 RAK | $6.32 | $6.02 | +4.89% |
| 5 RAK | $31.6 | $30.12 | +4.89% |
| 10 RAK | $63.2 | $60.25 | +4.89% |
| 50 RAK | $315.98 | $301.24 | +4.89% |
| 100 RAK | $631.96 | $602.47 | +4.89% |
| 500 RAK | $3,159.78 | $3,012.35 | +4.89% |
| 1000 RAK | $6,319.56 | $6,024.7 | +4.89% |
Today vs. 1 month ago
| Amount | 16:41 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RAK | $3.16 | $2.79 | +13.07% |
| 1 RAK | $6.32 | $5.59 | +13.07% |
| 5 RAK | $31.6 | $27.94 | +13.07% |
| 10 RAK | $63.2 | $55.89 | +13.07% |
| 50 RAK | $315.98 | $279.45 | +13.07% |
| 100 RAK | $631.96 | $558.9 | +13.07% |
| 500 RAK | $3,159.78 | $2,794.49 | +13.07% |
| 1000 RAK | $6,319.56 | $5,588.98 | +13.07% |
Today vs. 1 year ago
| Amount | 16:41 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RAK | $3.16 | $5.07 | -37.67% |
| 1 RAK | $6.32 | $10.14 | -37.67% |
| 5 RAK | $31.6 | $50.71 | -37.67% |
| 10 RAK | $63.2 | $101.43 | -37.67% |
| 50 RAK | $315.98 | $507.14 | -37.67% |
| 100 RAK | $631.96 | $1,014.27 | -37.67% |
| 500 RAK | $3,159.78 | $5,071.35 | -37.67% |
| 1000 RAK | $6,319.56 | $10,142.71 | -37.67% |
Rake Finance price prediction
What will the price of RAK be in 2025?
Based on RAK's historical price performance prediction model, the price of RAK is projected to reach $7.32 in 2025.
What will the price of RAK be in 2030?
In 2030, the RAK price is expected to change by -15.00%. By the end of 2030, the RAK price is projected to reach $12.71, with a cumulative ROI of +111.96%.
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Popular Rake Finance conversions
Check out these popular currency conversions of Rake Finance to several fiat currencies.
Rake Finance to USD
1 RAK to $ 6.32 USD
Rake Finance to GBP
1 RAK to £ 4.89 GBP
Rake Finance to EUR
1 RAK to € 5.9 EUR
Rake Finance to KRW
1 RAK to ₩ 8,836.01 KRW
Rake Finance to CAD
1 RAK to $ 8.79 CAD
Rake Finance to AUD
1 RAK to $ 9.6 AUD
Rake Finance to JPY
1 RAK to ¥ 964.71 JPY
Rake Finance to BRL
1 RAK to R$ 36.26 BRL
Rake Finance to CNY
1 RAK to ¥ 45.37 CNY
Rake Finance to TWD
1 RAK to NT$ 203.81 TWD
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1 ADA to Sh 2,224.24 UGX
Hamster Kombat to UGX
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1 GRASS to Sh -- 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 Rake Finance 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 Rake Finance 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 Rake Finance 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.
