SDEX
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 SmarDex(SDEX) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 SDEX at a value of 1 SDEX for 59.64 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 SmarDex currency pair is the SDEX to UGX, with for SmarDex's currency code being SDEX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
SDEX to UGX conversion rate trend
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In the past 1D, SmarDex has changed -2.66% to UGX. Based on the trend and price charts, SmarDex(SDEX) has changed -2.66% to UGX while Ugandan Shilling(UGX) has changed % to SDEX in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh60.22 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | Sh60.16 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/31 00:00:20(UTC+0)
How to buy SmarDex
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Buy SmarDex (SDEX)
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Learn MoreBuy SDEX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of SDEX with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy SDEX 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 SDEX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of SDEX to UGX. However, you can first exchange SDEX 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 SmarDex to Ugandan Shilling?
SmarDex to Ugandan Shilling is rising this week.SmarDex's current market price is Sh 59.64 per SDEX, with a total market cap of Sh 538,140,091,279.53 UGX based on a circulating supply of 9,023,474,000 SDEX. The trading volume of SmarDex has changed by +22.39% (Sh 1,574,016,703.68 UGX) in the last 24 hours. Last trading day, SDEX's trading volume was Sh 7,029,621,921.49.
Market cap
$146.59M
24h volume
$2.34M
Circulating supply
9.02B SDEX
Conversion tables
The exchange rate of SmarDex is increasing.1 SDEX is currently valued at Sh 59.64 UGX , which means buying 5 SDEX will cost Sh 298.19 UGX . Similarly, Sh1 UGX can be traded for 0.01677 SDEX, and Sh50 UGX can be converted to 0.8384 SDEX, excluding any platform or gas fees.
The exchange rate of 1 SDEX to Ugandan Shilling has changed by +2.30% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.66%, reaching a high of 61.59 UGX and a low of 59.58 UGX . One month ago, the value of 1 SDEX was Sh 46.47 UGX , which represents a +28.34% change from its current value. Over the last year, SmarDex has changed by , resulting in a change of -5.13% in its value.
-Sh
3.22UGXSDEX to UGX
Amount
04:31 am today
0.5 SDEX
Sh29.82
1 SDEX
Sh59.64
5 SDEX
Sh298.19
10 SDEX
Sh596.38
50 SDEX
Sh2,981.89
100 SDEX
Sh5,963.78
500 SDEX
Sh29,818.9
1000 SDEX
Sh59,637.8
UGX to SDEX
Amount04:31 am today
0.5UGX0.008384 SDEX
1UGX0.01677 SDEX
5UGX0.08384 SDEX
10UGX0.1677 SDEX
50UGX0.8384 SDEX
100UGX1.68 SDEX
500UGX8.38 SDEX
1000UGX16.77 SDEX
Today vs. 24 hours ago
| Amount | 04:31 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SDEX | $0.008123 | $0.008345 | -2.66% |
| 1 SDEX | $0.01625 | $0.01669 | -2.66% |
| 5 SDEX | $0.08123 | $0.08345 | -2.66% |
| 10 SDEX | $0.1625 | $0.1669 | -2.66% |
| 50 SDEX | $0.8123 | $0.8345 | -2.66% |
| 100 SDEX | $1.62 | $1.67 | -2.66% |
| 500 SDEX | $8.12 | $8.34 | -2.66% |
| 1000 SDEX | $16.25 | $16.69 | -2.66% |
Today vs. 1 month ago
| Amount | 04:31 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SDEX | $0.008123 | $0.006329 | +28.34% |
| 1 SDEX | $0.01625 | $0.01266 | +28.34% |
| 5 SDEX | $0.08123 | $0.06329 | +28.34% |
| 10 SDEX | $0.1625 | $0.1266 | +28.34% |
| 50 SDEX | $0.8123 | $0.6329 | +28.34% |
| 100 SDEX | $1.62 | $1.27 | +28.34% |
| 500 SDEX | $8.12 | $6.33 | +28.34% |
| 1000 SDEX | $16.25 | $12.66 | +28.34% |
Today vs. 1 year ago
| Amount | 04:31 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SDEX | $0.008123 | $0.008562 | -5.13% |
| 1 SDEX | $0.01625 | $0.01712 | -5.13% |
| 5 SDEX | $0.08123 | $0.08562 | -5.13% |
| 10 SDEX | $0.1625 | $0.1712 | -5.13% |
| 50 SDEX | $0.8123 | $0.8562 | -5.13% |
| 100 SDEX | $1.62 | $1.71 | -5.13% |
| 500 SDEX | $8.12 | $8.56 | -5.13% |
| 1000 SDEX | $16.25 | $17.12 | -5.13% |
SmarDex price prediction
What will the price of SDEX be in 2025?
Based on SDEX's historical price performance prediction model, the price of SDEX is projected to reach $0.01894 in 2025.
What will the price of SDEX be in 2030?
In 2030, the SDEX price is expected to change by -20.00%. By the end of 2030, the SDEX price is projected to reach $0.01607, with a cumulative ROI of -3.75%.
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Popular SmarDex conversions
Check out these popular currency conversions of SmarDex to several fiat currencies.
SmarDex to USD
1 SDEX to $ 0.01625 USD
SmarDex to GBP
1 SDEX to £ 0.01295 GBP
SmarDex to EUR
1 SDEX to € 0.01561 EUR
SmarDex to KRW
1 SDEX to ₩ 23.93 KRW
SmarDex to CAD
1 SDEX to $ 0.02331 CAD
SmarDex to AUD
1 SDEX to $ 0.02614 AUD
SmarDex to JPY
1 SDEX to ¥ 2.54 JPY
SmarDex to BRL
1 SDEX to R$ 0.1004 BRL
SmarDex to CNY
1 SDEX to ¥ 0.1187 CNY
SmarDex to TWD
1 SDEX to NT$ 0.5328 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in SmarDex.
Bitcoin to UGX
1 BTC to Sh 339,369,027.03 UGX
XRP to UGX
1 XRP to Sh 7,428.33 UGX
Ethereum to UGX
1 ETH to Sh 12,255,458.72 UGX
Solana to UGX
1 SOL to Sh 695,371.91 UGX
Sui to UGX
1 SUI to Sh 15,093.65 UGX
Dogecoin to UGX
1 DOGE to Sh 1,142.59 UGX
Pepe to UGX
1 PEPE to Sh 0.06597 UGX
Hedera to UGX
1 HBAR to Sh 991.92 UGX
Cardano to UGX
1 ADA to Sh 3,117.29 UGX
Shiba Inu to UGX
1 SHIB to Sh 0.07611 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 SmarDex 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 SmarDex 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 SmarDex 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.
