OCT
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 Octopus Network(OCT) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 OCT at a value of 1 OCT for 477.32 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 Octopus Network currency pair is the OCT to UGX, with for Octopus Network's currency code being OCT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
OCT to UGX conversion rate trend
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In the past 1D, Octopus Network has changed -0.15% to UGX. Based on the trend and price charts, Octopus Network(OCT) has changed -0.15% to UGX while Ugandan Shilling(UGX) has changed % to OCT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh481.2 | 0.0200% / 0.0320%  VIP 7 | |
Huobi | Sh596.9 | 0.1000% / 0.1000% | Yes |
Gate.io | Sh480.91 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/18 08:00:13(UTC+0)
How to buy Octopus Network
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 Octopus Network (OCT)
Use a variety of payment options to buy Octopus Network on Bitget. We'll show you how.
Buy OCT (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of OCT with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy OCT 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 OCT (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of OCT to UGX. However, you can first exchange OCT 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 |
|---|
No matching ads found.
What factors influence the conversion rate of Octopus Network to Ugandan Shilling?
Octopus Network to Ugandan Shilling is rising this week.Octopus Network's current market price is Sh 477.32 per OCT, with a total market cap of Sh 0 UGX based on a circulating supply of -- OCT. The trading volume of Octopus Network has changed by -2.00% (Sh -6,961,135.54 UGX) in the last 24 hours. Last trading day, OCT's trading volume was Sh 347,362,052.96.
Market cap
$0
24h volume
$92.44K
Circulating supply
0 OCT
Conversion tables
The exchange rate of Octopus Network is increasing.1 OCT is currently valued at Sh 477.32 UGX , which means buying 5 OCT will cost Sh 2,386.58 UGX . Similarly, Sh1 UGX can be traded for 0.002095 OCT, and Sh50 UGX can be converted to 0.1048 OCT, excluding any platform or gas fees.
The exchange rate of 1 OCT to Ugandan Shilling has changed by +3.90% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.15%, reaching a high of 486.06 UGX and a low of 468.95 UGX . One month ago, the value of 1 OCT was Sh 466.06 UGX , which represents a +2.41% change from its current value. Over the last year, Octopus Network has changed by , resulting in a change of -1.86% in its value.
-Sh
9.07UGXOCT to UGX
Amount
12:36 today
0.5 OCT
Sh238.66
1 OCT
Sh477.32
5 OCT
Sh2,386.58
10 OCT
Sh4,773.16
50 OCT
Sh23,865.81
100 OCT
Sh47,731.63
500 OCT
Sh238,658.14
1000 OCT
Sh477,316.29
UGX to OCT
Amount12:36 today
0.5UGX0.001048 OCT
1UGX0.002095 OCT
5UGX0.01048 OCT
10UGX0.02095 OCT
50UGX0.1048 OCT
100UGX0.2095 OCT
500UGX1.05 OCT
1000UGX2.1 OCT
Today vs. 24 hours ago
| Amount | 12:36 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 OCT | $0.06481 | $0.06491 | -0.15% |
| 1 OCT | $0.1296 | $0.1298 | -0.15% |
| 5 OCT | $0.6481 | $0.6491 | -0.15% |
| 10 OCT | $1.3 | $1.3 | -0.15% |
| 50 OCT | $6.48 | $6.49 | -0.15% |
| 100 OCT | $12.96 | $12.98 | -0.15% |
| 500 OCT | $64.81 | $64.91 | -0.15% |
| 1000 OCT | $129.62 | $129.82 | -0.15% |
Today vs. 1 month ago
| Amount | 12:36 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 OCT | $0.06481 | $0.06328 | +2.41% |
| 1 OCT | $0.1296 | $0.1266 | +2.41% |
| 5 OCT | $0.6481 | $0.6328 | +2.41% |
| 10 OCT | $1.3 | $1.27 | +2.41% |
| 50 OCT | $6.48 | $6.33 | +2.41% |
| 100 OCT | $12.96 | $12.66 | +2.41% |
| 500 OCT | $64.81 | $63.28 | +2.41% |
| 1000 OCT | $129.62 | $126.57 | +2.41% |
Today vs. 1 year ago
| Amount | 12:36 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 OCT | $0.06481 | $0.06604 | -1.86% |
| 1 OCT | $0.1296 | $0.1321 | -1.86% |
| 5 OCT | $0.6481 | $0.6604 | -1.86% |
| 10 OCT | $1.3 | $1.32 | -1.86% |
| 50 OCT | $6.48 | $6.6 | -1.86% |
| 100 OCT | $12.96 | $13.21 | -1.86% |
| 500 OCT | $64.81 | $66.04 | -1.86% |
| 1000 OCT | $129.62 | $132.09 | -1.86% |
Octopus Network price prediction
What will the price of OCT be in 2025?
Based on OCT's historical price performance prediction model, the price of OCT is projected to reach $0.1751 in 2025.
What will the price of OCT be in 2030?
In 2030, the OCT price is expected to change by +7.00%. By the end of 2030, the OCT price is projected to reach $0.3514, with a cumulative ROI of +190.80%.
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Popular Octopus Network conversions
Check out these popular currency conversions of Octopus Network to several fiat currencies.
Octopus Network to USD
1 OCT to $ 0.1296 USD
Octopus Network to GBP
1 OCT to £ 0.1026 GBP
Octopus Network to EUR
1 OCT to € 0.1227 EUR
Octopus Network to KRW
1 OCT to ₩ 181.1 KRW
Octopus Network to CAD
1 OCT to $ 0.1826 CAD
Octopus Network to AUD
1 OCT to $ 0.2007 AUD
Octopus Network to JPY
1 OCT to ¥ 20.06 JPY
Octopus Network to BRL
1 OCT to R$ 0.7545 BRL
Octopus Network to CNY
1 OCT to ¥ 0.9385 CNY
Octopus Network to TWD
1 OCT to NT$ 4.22 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Octopus Network.
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1 XRP to Sh 4,163.29 UGX
Cardano to UGX
1 ADA to Sh 2,705.21 UGX
Hooked Protocol to UGX
1 HOOK to Sh 1,512.97 UGX
Solana to UGX
1 SOL to Sh 895,676.82 UGX
Dogecoin to UGX
1 DOGE to Sh 1,339.17 UGX
Aevo to UGX
1 AEVO to Sh 1,366.51 UGX
Pepe to UGX
1 PEPE to Sh 0.07670 UGX
Peanut the Squirrel to UGX
1 PNUT to Sh 5,825.84 UGX
Bonk to UGX
1 BONK to Sh 0.1771 UGX
Hedera to UGX
1 HBAR to Sh 412.66 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 Octopus Network 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 Octopus Network 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 Octopus Network 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.
