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MFG to UGX Converter and calculator

MFG/UGX: 1 MFG = 4.77 UGX. The price of converting 1 Smart MFG (MFG) to Ugandan shilling (UGX) is 4.77 UGX today.
MFG
MFG
UGX
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MFG to UGX real-time exchange rates, making it easy to convert Smart MFG (MFG) to Ugandan shilling (UGX). The conversion result is based on real-time data. The conversion result shows that 1 MFG is currently valued at 4.77 UGX. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MFG is currently valued at 4.77 UGX, which means buying 5 MFG would cost 23.84 UGX. Similarly, Sh1 UGX can be converted to 0.2097 MFG, and Sh50 UGX can be converted to 1.05 MFG, excluding any platform or gas fees.

Convert MFG to UGX

Convert UGX to MFG

Smart MFG
Ugandan shilling
1000 MFG
4,768.6  UGX
5000 MFG
23,843.01  UGX
10000 MFG
47,686.03  UGX
In the table above, you'll find a comprehensive MFG to UGX converter that shows the value of Smart MFG in Ugandan shilling across commonly used conversion amounts. The list covers conversions from 1 MFG to UGX, all the way up to 10000 MFG, providing a clear view of their respective values.
Ugandan shilling
Smart MFG
50000 UGX
10,485.25 MFG
100000 UGX
20,970.5 MFG
In the table above, you'll find a comprehensive UGX to MFG converter that shows the value of Ugandan shilling in Smart MFG across commonly used conversion amounts. The list covers conversions from 1 UGX to MFG, all the way up to 100000 UGX, providing a clear view of their respective values.

MFG to UGX chart

MFG/UGX: 1 MFG = 4.77 UGX; 2025/04/27 07:08:27
In the past 1D, Smart MFG has changed -1.10% to UGX. Based on the trend and price charts, Smart MFG(MFG) has changed -1.10% to UGX while Ugandan shilling(UGX) has changed % to MFG in the last 24 hours.
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MFG to UGX conversion data: Volatility and price changes of Smart MFG in UGX

The highest Smart MFG price in UGX over the past 7 days was 4.87 UGX while the lowest Smart MFG price in UGX over the past 7 days was 4.11 UGX. The relative change between the highs and lows in Smart MFG price in UGX over the last 7 days indicates a volatility of %. You can view additional volatility data and MFG to UGX prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
4.87 UGX
4.87 UGX
11.08 UGX
12.13 UGX
Low
4.77 UGX
4.11 UGX
1.86 UGX
1.49 UGX
Average
0 UGX
0 UGX
0 UGX
0 UGX
Volatility
%
%
%
%
Change
-1.10%
+24.37%
-59.72%
+40.34%

Smart MFG information

MFG to UGX market statistics

MFG/UGX:
Sh4.77
MFG 24h volume:
--
MFG market cap:
--
MFG circulating supply:
0 MFG

Current MFG to UGX exchange rate

Smart MFG to Ugandan shilling is rising this week.
Smart MFG's current market price is Sh4.77 per MFG, with a total market cap of Sh0 UGX based on a circulating supply of -- MFG. The trading volume of Smart MFG has changed by 0.00% (Sh0 UGX) in the last 24 hours. Last trading day, MFG's trading volume was Sh0.

More info about Smart MFG on Bitget

Ugandan shilling 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 Smart MFG currency pair is the MFG to UGX, with for Smart MFG's currency code being MFG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

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How to convert MFG to UGX

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Convert MFG to UGX
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MFG to UGX Conversion tables

The exchange rate of Smart MFG is decreasing.
The exchange rate of 1 MFG to Ugandan shilling has changed by +24.37% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.10%, reaching a high of 4.87 UGX and a low of 4.77 UGX . One month ago, the value of 1 MFG was Sh11.84 UGX , which represents a -59.72% change from its current value. Over the last year, Smart MFG has changed by
+Sh
1.95UGX
, resulting in a change of +69.13% in its value.
24 hours ago1 month ago1 year ago
Amount07:08 am today24 hours ago24h change
0.5 MFGSh2.38Sh2.41
-1.10%
1 MFGSh4.77Sh4.82
-1.10%
5 MFGSh23.84Sh24.11
-1.10%
10 MFGSh47.69Sh48.22
-1.10%
50 MFGSh238.43Sh241.08
-1.10%
100 MFGSh476.86Sh482.17
-1.10%
500 MFGSh2,384.3Sh2,410.83
-1.10%
1000 MFGSh4,768.6Sh4,821.66
-1.10%

MFG to UGX FAQ

How much is 1 Smart MFG in UGX?
Right now, the price of 1 Smart MFG (MFG) in Ugandan shilling (UGX) is Sh4.77.
How much MFG can I buy for 1 UGX?
Based on the current exchange rate, you can get 0.2097 MFG for 1 UGX.
How do I calculate or convert MFG to UGX?
You can use our MFG to UGX calculator at the top of this page to convert any amount of MFG to UGX. We've also included quick-reference tables for the most popular conversions. For example, 5 UGX is equivalent to 1.05 MFG, while 5 MFG will cost around 23.84UGX.
What is the highest price of MFG/UGX in history?
The all-time high price of 1 MFG in UGX is Sh1,589.32. It remains to be seen if the value of 1 MFG/UGX will exceed the current all-time high.
What is the price trend of Smart MFG in UGX?
Over the past 7 days, the exchange rate of Smart MFG (MFG) has gone up by 24.37%.   Over the last month, the exchange rate of Smart MFG (MFG) has gone down by 59.72% against Ugandan shilling (UGX).

What factors influence the conversion rate of MFG to UGX?

There are many factors that affect the relationship between Smart MFG 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 MFG/UGX. When there is positive news in the market about the widespread adoption of MFG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MFG/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MFG/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.
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 MFG/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 Smart MFG and adjust their investment strategies accordingly in the evolving market.

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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.