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MONKAS to UGX Converter and calculator

MONKAS/UGX: 1 MONKAS = 0.0007548 UGX. The price of converting 1 Monkas (MONKAS) to Ugandan shilling (UGX) is 0.0007548 UGX today.
MONKAS
MONKAS
UGX
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MONKAS to UGX real-time exchange rates, making it easy to convert Monkas (MONKAS) to Ugandan shilling (UGX). The conversion result is based on real-time data. The conversion result shows that 1 MONKAS is currently valued at 0.00 UGX. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MONKAS is currently valued at 0.00 UGX, which means buying 5 MONKAS would cost 0.00 UGX. Similarly, Sh1 UGX can be converted to 1,324.79 MONKAS, and Sh50 UGX can be converted to 6,623.96 MONKAS, excluding any platform or gas fees.

Convert MONKAS to UGX

Convert UGX to MONKAS

Monkas
Ugandan shilling
1 MONKAS
0.0007548  UGX
2 MONKAS
0.001510  UGX
5 MONKAS
0.003774  UGX
10 MONKAS
0.007548  UGX
20 MONKAS
0.01510  UGX
50 MONKAS
0.03774  UGX
100 MONKAS
0.07548  UGX
200 MONKAS
0.1510  UGX
500 MONKAS
0.3774  UGX
1000 MONKAS
0.7548  UGX
5000 MONKAS
3.77  UGX
10000 MONKAS
7.55  UGX
In the table above, you'll find a comprehensive MONKAS to UGX converter that shows the value of Monkas in Ugandan shilling across commonly used conversion amounts. The list covers conversions from 1 MONKAS to UGX, all the way up to 10000 MONKAS, providing a clear view of their respective values.
Ugandan shilling
Monkas
10 UGX
13,247.91 MONKAS
50 UGX
66,239.55 MONKAS
100 UGX
132,479.11 MONKAS
200 UGX
264,958.22 MONKAS
500 UGX
662,395.55 MONKAS
1000 UGX
1,324,791.1 MONKAS
2000 UGX
2,649,582.2 MONKAS
5000 UGX
6,623,955.5 MONKAS
10000 UGX
13,247,910.99 MONKAS
50000 UGX
66,239,554.97 MONKAS
100000 UGX
132,479,109.94 MONKAS
In the table above, you'll find a comprehensive UGX to MONKAS converter that shows the value of Ugandan shilling in Monkas across commonly used conversion amounts. The list covers conversions from 1 UGX to MONKAS, all the way up to 100000 UGX, providing a clear view of their respective values.

MONKAS to UGX chart

MONKAS/UGX: 1 MONKAS = 0.0007548 UGX; 2025/04/29 10:54:25
In the past 1D, Monkas has changed +1.49% to UGX. Based on the trend and price charts, Monkas(MONKAS) has changed +1.49% to UGX while Ugandan shilling(UGX) has changed % to MONKAS in the last 24 hours.
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MONKAS to UGX conversion data: Volatility and price changes of Monkas in UGX

The highest Monkas price in UGX over the past 7 days was 0.0008263 UGX while the lowest Monkas price in UGX over the past 7 days was 0.0007203 UGX. The relative change between the highs and lows in Monkas price in UGX over the last 7 days indicates a volatility of %. You can view additional volatility data and MONKAS 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
0.0008031 UGX
0.0008263 UGX
0.001041 UGX
0.003457 UGX
Low
0.0007790 UGX
0.0007203 UGX
0.0007063 UGX
0.0006656 UGX
Average
0 UGX
0 UGX
0 UGX
0 UGX
Volatility
%
%
%
%
Change
+1.49%
-6.63%
-24.08%
-76.29%

Monkas information

MONKAS to UGX market statistics

MONKAS/UGX:
Sh0.0007548
MONKAS 24h volume:
--
MONKAS market cap:
--
MONKAS circulating supply:
0 MONKAS

Current MONKAS to UGX exchange rate

Monkas to Ugandan shilling is falling this week.
Monkas's current market price is Sh0.0007548 per MONKAS, with a total market cap of Sh0 UGX based on a circulating supply of -- MONKAS. The trading volume of Monkas has changed by -100.00% (Sh-- UGX) in the last 24 hours. Last trading day, MONKAS's trading volume was Sh--.

More info about Monkas 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 Monkas currency pair is the MONKAS to UGX, with for Monkas's currency code being MONKAS. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

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How to convert MONKAS to UGX

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MONKAS to UGX Conversion tables

The exchange rate of Monkas is decreasing.
The exchange rate of 1 MONKAS to Ugandan shilling has changed by -6.63% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.49%, reaching a high of 0.0008031 UGX and a low of 0.0007790 UGX . One month ago, the value of 1 MONKAS was Sh0.001006 UGX , which represents a -24.08% change from its current value. Over the last year, Monkas has changed by
-Sh
0.01843UGX
, resulting in a change of -95.89% in its value.
24 hours ago1 month ago1 year ago
Amount10:54 am today24 hours ago24h change
0.5 MONKASSh0.0003774Sh0.0003716
+1.49%
1 MONKASSh0.0007548Sh0.0007432
+1.49%
5 MONKASSh0.003774Sh0.003716
+1.49%
10 MONKASSh0.007548Sh0.007432
+1.49%
50 MONKASSh0.03774Sh0.03716
+1.49%
100 MONKASSh0.07548Sh0.07432
+1.49%
500 MONKASSh0.3774Sh0.3716
+1.49%
1000 MONKASSh0.7548Sh0.7432
+1.49%

MONKAS to UGX FAQ

How much is 1 Monkas in UGX?
Right now, the price of 1 Monkas (MONKAS) in Ugandan shilling (UGX) is Sh0.0007548.
How much MONKAS can I buy for 1 UGX?
Based on the current exchange rate, you can get 1,324.79 MONKAS for 1 UGX.
How do I calculate or convert MONKAS to UGX?
You can use our MONKAS to UGX calculator at the top of this page to convert any amount of MONKAS to UGX. We've also included quick-reference tables for the most popular conversions. For example, 5 UGX is equivalent to 6,623.96 MONKAS, while 5 MONKAS will cost around 0.003774UGX.
What is the highest price of MONKAS/UGX in history?
The all-time high price of 1 MONKAS in UGX is Sh0.08171. It remains to be seen if the value of 1 MONKAS/UGX will exceed the current all-time high.
What is the price trend of Monkas in UGX?
Over the past 7 days, the exchange rate of Monkas (MONKAS) has gone down by 6.63%.   Over the last month, the exchange rate of Monkas (MONKAS) has gone down by 24.08% against Ugandan shilling (UGX).

What factors influence the conversion rate of MONKAS to UGX?

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