FAVR
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 FAVOR(FAVR) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 FAVR at a value of 1 FAVR for 1.70 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 FAVOR currency pair is the FAVR to UGX, with for FAVOR's currency code being FAVR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
FAVR to UGX conversion rate trend
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In the past 1D, FAVOR has changed -59.09% to UGX. Based on the trend and price charts, FAVOR(FAVR) has changed -59.09% to UGX while Ugandan Shilling(UGX) has changed % to FAVR in the last 24 hours.
Conversion rate comparison of various exchanges
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Last updated 2024/12/13 00:00:10(UTC+0)
How to buy FAVOR
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Buy FAVOR (FAVR)
Use a variety of payment options to buy FAVOR on Bitget. We'll show you how.
Buy FAVR (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of FAVR with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy FAVR with USDT via Bitget spot market.
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Sell FAVR (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of FAVR to UGX. However, you can first exchange FAVR 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 FAVOR to Ugandan Shilling?
FAVOR to Ugandan Shilling is falling this week.FAVOR's current market price is Sh 1.7 per FAVR, with a total market cap of Sh 0 UGX based on a circulating supply of -- FAVR. The trading volume of FAVOR has changed by -21.36% (Sh -4,626,235.55 UGX) in the last 24 hours. Last trading day, FAVR's trading volume was Sh 21,653,742.86.
Market cap
$0
24h volume
$4.66K
Circulating supply
0 FAVR
Conversion tables
The exchange rate of FAVOR is decreasing.1 FAVR is currently valued at Sh 1.7 UGX , which means buying 5 FAVR will cost Sh 8.52 UGX . Similarly, Sh1 UGX can be traded for 0.5865 FAVR, and Sh50 UGX can be converted to 29.33 FAVR, excluding any platform or gas fees.
The exchange rate of 1 FAVR to Ugandan Shilling has changed by -81.90% in the last 7 days. In the last 24 hours, the rate has fluctuated by -59.09%, reaching a high of 4.23 UGX and a low of 1.46 UGX . One month ago, the value of 1 FAVR was Sh 19.73 UGX , which represents a -91.36% change from its current value. Over the last year, FAVOR has changed by , resulting in a change of -98.07% in its value.
-Sh
86.79UGXFAVR to UGX
Amount
12:59 today
0.5 FAVR
Sh0.8525
1 FAVR
Sh1.7
5 FAVR
Sh8.52
10 FAVR
Sh17.05
50 FAVR
Sh85.25
100 FAVR
Sh170.5
500 FAVR
Sh852.49
1000 FAVR
Sh1,704.98
UGX to FAVR
Amount12:59 today
0.5UGX0.2933 FAVR
1UGX0.5865 FAVR
5UGX2.93 FAVR
10UGX5.87 FAVR
50UGX29.33 FAVR
100UGX58.65 FAVR
500UGX293.26 FAVR
1000UGX586.52 FAVR
Today vs. 24 hours ago
| Amount | 12:59 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 FAVR | $0.0002333 | $0.0005704 | -59.09% |
| 1 FAVR | $0.0004667 | $0.001141 | -59.09% |
| 5 FAVR | $0.002333 | $0.005704 | -59.09% |
| 10 FAVR | $0.004667 | $0.01141 | -59.09% |
| 50 FAVR | $0.02333 | $0.05704 | -59.09% |
| 100 FAVR | $0.04667 | $0.1141 | -59.09% |
| 500 FAVR | $0.2333 | $0.5704 | -59.09% |
| 1000 FAVR | $0.4667 | $1.14 | -59.09% |
Today vs. 1 month ago
| Amount | 12:59 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 FAVR | $0.0002333 | $0.002700 | -91.36% |
| 1 FAVR | $0.0004667 | $0.005401 | -91.36% |
| 5 FAVR | $0.002333 | $0.02700 | -91.36% |
| 10 FAVR | $0.004667 | $0.05401 | -91.36% |
| 50 FAVR | $0.02333 | $0.2700 | -91.36% |
| 100 FAVR | $0.04667 | $0.5401 | -91.36% |
| 500 FAVR | $0.2333 | $2.7 | -91.36% |
| 1000 FAVR | $0.4667 | $5.4 | -91.36% |
Today vs. 1 year ago
| Amount | 12:59 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 FAVR | $0.0002333 | $0.01211 | -98.07% |
| 1 FAVR | $0.0004667 | $0.02422 | -98.07% |
| 5 FAVR | $0.002333 | $0.1211 | -98.07% |
| 10 FAVR | $0.004667 | $0.2422 | -98.07% |
| 50 FAVR | $0.02333 | $1.21 | -98.07% |
| 100 FAVR | $0.04667 | $2.42 | -98.07% |
| 500 FAVR | $0.2333 | $12.11 | -98.07% |
| 1000 FAVR | $0.4667 | $24.22 | -98.07% |
FAVOR price prediction
What will the price of FAVR be in 2025?
Based on FAVR's historical price performance prediction model, the price of FAVR is projected to reach $0.005945 in 2025.
What will the price of FAVR be in 2030?
In 2030, the FAVR price is expected to change by +2.00%. By the end of 2030, the FAVR price is projected to reach $0.01026, with a cumulative ROI of +196.02%.
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Popular FAVOR conversions
Check out these popular currency conversions of FAVOR to several fiat currencies.
FAVOR to USD
1 FAVR to $ 0.0004667 USD
FAVOR to GBP
1 FAVR to £ 0.0003712 GBP
FAVOR to EUR
1 FAVR to € 0.0004474 EUR
FAVOR to KRW
1 FAVR to ₩ 0.6750 KRW
FAVOR to CAD
1 FAVR to $ 0.0006700 CAD
FAVOR to AUD
1 FAVR to $ 0.0007465 AUD
FAVOR to JPY
1 FAVR to ¥ 0.07301 JPY
FAVOR to BRL
1 FAVR to R$ 0.002840 BRL
FAVOR to CNY
1 FAVR to ¥ 0.003405 CNY
FAVOR to TWD
1 FAVR to NT$ 0.01523 TWD
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1 IDEX to Sh 222.14 UGX
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1 AGLD to Sh 6,531.84 UGX
Shoggoth (shoggoth.monster) to UGX
1 SHOGGOTH to Sh 189.51 UGX
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HEX (PulseChain) to UGX
1 HEX to Sh 60.01 UGX
Hunt Town to UGX
1 HUNT to Sh 1,444.9 UGX
Livepeer to UGX
1 LPT to Sh 54,584.09 UGX
HEX to UGX
1 HEX to Sh 13.21 UGX
Chintai to UGX
1 CHEX to Sh 1,967.92 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 FAVOR 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 FAVOR 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 FAVOR 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.
