PAR
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 Parallel(PAR) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 PAR at a value of 1 PAR for 2,941.36 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 Parallel currency pair is the PAR to UGX, with for Parallel's currency code being PAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
PAR to UGX conversion rate trend
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In the past 1D, Parallel has changed +2.89% to UGX. Based on the trend and price charts, Parallel(PAR) has changed +2.89% to UGX while Ugandan Shilling(UGX) has changed % to PAR in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh2,941.36 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/18 08:35:00(UTC+0)
How to buy Parallel
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Buy Parallel (PAR)
Use a variety of payment options to buy Parallel on Bitget. We'll show you how.
Buy PAR (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of PAR with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy PAR 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 PAR (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of PAR to UGX. However, you can first exchange PAR 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 Parallel to Ugandan Shilling?
Parallel to Ugandan Shilling is rising this week.Parallel's current market price is Sh 2,941.36 per PAR, with a total market cap of Sh 0 UGX based on a circulating supply of -- PAR. The trading volume of Parallel has changed by -97.46% (Sh -18,900,815.41 UGX) in the last 24 hours. Last trading day, PAR's trading volume was Sh 19,392,572.26.
Market cap
$0
24h volume
$133.84790658
Circulating supply
0 PAR
Conversion tables
The exchange rate of Parallel is increasing.1 PAR is currently valued at Sh 2,941.36 UGX , which means buying 5 PAR will cost Sh 14,706.82 UGX . Similarly, Sh1 UGX can be traded for 0.0003400 PAR, and Sh50 UGX can be converted to 0.01700 PAR, excluding any platform or gas fees.
The exchange rate of 1 PAR to Ugandan Shilling has changed by +108.14% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.89%, reaching a high of 2,943.49 UGX and a low of 2,857.83 UGX . One month ago, the value of 1 PAR was Sh 1,418.25 UGX , which represents a +107.39% change from its current value. Over the last year, Parallel has changed by , resulting in a change of -24.49% in its value.
-Sh
954.19UGXPAR to UGX
Amount
16:33 today
0.5 PAR
Sh1,470.68
1 PAR
Sh2,941.36
5 PAR
Sh14,706.82
10 PAR
Sh29,413.64
50 PAR
Sh147,068.2
100 PAR
Sh294,136.4
500 PAR
Sh1,470,682.01
1000 PAR
Sh2,941,364.03
UGX to PAR
Amount16:33 today
0.5UGX0.0001700 PAR
1UGX0.0003400 PAR
5UGX0.001700 PAR
10UGX0.003400 PAR
50UGX0.01700 PAR
100UGX0.03400 PAR
500UGX0.1700 PAR
1000UGX0.3400 PAR
Today vs. 24 hours ago
| Amount | 16:33 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PAR | $0.4003 | $0.3890 | +2.89% |
| 1 PAR | $0.8006 | $0.7781 | +2.89% |
| 5 PAR | $4 | $3.89 | +2.89% |
| 10 PAR | $8.01 | $7.78 | +2.89% |
| 50 PAR | $40.03 | $38.9 | +2.89% |
| 100 PAR | $80.06 | $77.81 | +2.89% |
| 500 PAR | $400.29 | $389.03 | +2.89% |
| 1000 PAR | $800.59 | $778.07 | +2.89% |
Today vs. 1 month ago
| Amount | 16:33 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PAR | $0.4003 | $0.1930 | +107.39% |
| 1 PAR | $0.8006 | $0.3860 | +107.39% |
| 5 PAR | $4 | $1.93 | +107.39% |
| 10 PAR | $8.01 | $3.86 | +107.39% |
| 50 PAR | $40.03 | $19.3 | +107.39% |
| 100 PAR | $80.06 | $38.6 | +107.39% |
| 500 PAR | $400.29 | $193.01 | +107.39% |
| 1000 PAR | $800.59 | $386.02 | +107.39% |
Today vs. 1 year ago
| Amount | 16:33 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PAR | $0.4003 | $0.5302 | -24.49% |
| 1 PAR | $0.8006 | $1.06 | -24.49% |
| 5 PAR | $4 | $5.3 | -24.49% |
| 10 PAR | $8.01 | $10.6 | -24.49% |
| 50 PAR | $40.03 | $53.02 | -24.49% |
| 100 PAR | $80.06 | $106.03 | -24.49% |
| 500 PAR | $400.29 | $530.15 | -24.49% |
| 1000 PAR | $800.59 | $1,060.3 | -24.49% |
Parallel price prediction
What will the price of PAR be in 2025?
Based on PAR's historical price performance prediction model, the price of PAR is projected to reach $1.21 in 2025.
What will the price of PAR be in 2030?
In 2030, the PAR price is expected to change by +4.00%. By the end of 2030, the PAR price is projected to reach $1.44, with a cumulative ROI of +80.11%.
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Popular Parallel conversions
Check out these popular currency conversions of Parallel to several fiat currencies.
Parallel to USD
1 PAR to $ 0.8006 USD
Parallel to GBP
1 PAR to £ 0.6333 GBP
Parallel to EUR
1 PAR to € 0.7571 EUR
Parallel to KRW
1 PAR to ₩ 1,115.58 KRW
Parallel to CAD
1 PAR to $ 1.12 CAD
Parallel to AUD
1 PAR to $ 1.23 AUD
Parallel to JPY
1 PAR to ¥ 124.09 JPY
Parallel to BRL
1 PAR to R$ 4.6 BRL
Parallel to CNY
1 PAR to ¥ 5.8 CNY
Parallel to TWD
1 PAR to NT$ 26.04 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Parallel.
XRP to UGX
1 XRP to Sh 4,190.33 UGX
Cardano to UGX
1 ADA to Sh 2,762.77 UGX
Hooked Protocol to UGX
1 HOOK to Sh 1,594.1 UGX
Solana to UGX
1 SOL to Sh 889,622.44 UGX
Dogecoin to UGX
1 DOGE to Sh 1,375.91 UGX
Aevo to UGX
1 AEVO to Sh 1,415.22 UGX
Pepe to UGX
1 PEPE to Sh 0.07805 UGX
Peanut the Squirrel to UGX
1 PNUT to Sh 6,136.24 UGX
Bonk to UGX
1 BONK to Sh 0.1839 UGX
Hedera to UGX
1 HBAR to Sh 532.65 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 Parallel 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 Parallel 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 Parallel 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.
