WELA
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 Wrapped Elastos(WELA) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 WELA at a value of 1 WELA for 6,672.77 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 Wrapped Elastos currency pair is the WELA to UGX, with for Wrapped Elastos's currency code being WELA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
WELA to UGX conversion rate trend
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In the past 1D, Wrapped Elastos has changed -0.70% to UGX. Based on the trend and price charts, Wrapped Elastos(WELA) has changed -0.70% to UGX while Ugandan Shilling(UGX) has changed % to WELA in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh6,672.77 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/23 00:36:03(UTC+0)
How to buy Wrapped Elastos
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Buy Wrapped Elastos (WELA)
Use a variety of payment options to buy Wrapped Elastos on Bitget. We'll show you how.
Buy WELA (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of WELA with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy WELA 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 WELA (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of WELA to UGX. However, you can first exchange WELA 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 Wrapped Elastos to Ugandan Shilling?
Wrapped Elastos to Ugandan Shilling is falling this week.Wrapped Elastos's current market price is Sh 6,672.77 per WELA, with a total market cap of Sh 2,525,132,031.37 UGX based on a circulating supply of 378,423.3 WELA. The trading volume of Wrapped Elastos has changed by -95.51% (Sh -7,035,197.53 UGX) in the last 24 hours. Last trading day, WELA's trading volume was Sh 7,365,943.11.
Market cap
$691.31K
24h volume
$90.54847634
Circulating supply
378.42K WELA
Conversion tables
The exchange rate of Wrapped Elastos is decreasing.1 WELA is currently valued at Sh 6,672.77 UGX , which means buying 5 WELA will cost Sh 33,363.85 UGX . Similarly, Sh1 UGX can be traded for 0.0001499 WELA, and Sh50 UGX can be converted to 0.007493 WELA, excluding any platform or gas fees.
The exchange rate of 1 WELA to Ugandan Shilling has changed by -7.17% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.70%, reaching a high of 8,919.56 UGX and a low of 8,823.81 UGX . One month ago, the value of 1 WELA was Sh 9,140.1 UGX , which represents a -21.85% change from its current value. Over the last year, Wrapped Elastos has changed by , resulting in a change of +57.36% in its value.
+Sh
3,216.53UGXWELA to UGX
Amount
05:54 am today
0.5 WELA
Sh3,336.39
1 WELA
Sh6,672.77
5 WELA
Sh33,363.85
10 WELA
Sh66,727.7
50 WELA
Sh333,638.52
100 WELA
Sh667,277.04
500 WELA
Sh3,336,385.22
1000 WELA
Sh6,672,770.44
UGX to WELA
Amount05:54 am today
0.5UGX0.{4}7493 WELA
1UGX0.0001499 WELA
5UGX0.0007493 WELA
10UGX0.001499 WELA
50UGX0.007493 WELA
100UGX0.01499 WELA
500UGX0.07493 WELA
1000UGX0.1499 WELA
Today vs. 24 hours ago
| Amount | 05:54 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 WELA | $0.9134 | $0.9219 | -0.70% |
| 1 WELA | $1.83 | $1.84 | -0.70% |
| 5 WELA | $9.13 | $9.22 | -0.70% |
| 10 WELA | $18.27 | $18.44 | -0.70% |
| 50 WELA | $91.34 | $92.19 | -0.70% |
| 100 WELA | $182.68 | $184.38 | -0.70% |
| 500 WELA | $913.4 | $921.88 | -0.70% |
| 1000 WELA | $1,826.81 | $1,843.75 | -0.70% |
Today vs. 1 month ago
| Amount | 05:54 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 WELA | $0.9134 | $1.25 | -21.85% |
| 1 WELA | $1.83 | $2.5 | -21.85% |
| 5 WELA | $9.13 | $12.51 | -21.85% |
| 10 WELA | $18.27 | $25.02 | -21.85% |
| 50 WELA | $91.34 | $125.11 | -21.85% |
| 100 WELA | $182.68 | $250.23 | -21.85% |
| 500 WELA | $913.4 | $1,251.15 | -21.85% |
| 1000 WELA | $1,826.81 | $2,502.29 | -21.85% |
Today vs. 1 year ago
| Amount | 05:54 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 WELA | $0.9134 | $0.4731 | +57.36% |
| 1 WELA | $1.83 | $0.9462 | +57.36% |
| 5 WELA | $9.13 | $4.73 | +57.36% |
| 10 WELA | $18.27 | $9.46 | +57.36% |
| 50 WELA | $91.34 | $47.31 | +57.36% |
| 100 WELA | $182.68 | $94.62 | +57.36% |
| 500 WELA | $913.4 | $473.11 | +57.36% |
| 1000 WELA | $1,826.81 | $946.22 | +57.36% |
Wrapped Elastos price prediction
What will the price of WELA be in 2025?
Based on WELA's historical price performance prediction model, the price of WELA is projected to reach $3.75 in 2025.
What will the price of WELA be in 2030?
In 2030, the WELA price is expected to change by +2.00%. By the end of 2030, the WELA price is projected to reach $3.87, with a cumulative ROI of +112.05%.
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Popular Wrapped Elastos conversions
Check out these popular currency conversions of Wrapped Elastos to several fiat currencies.
Wrapped Elastos to USD
1 WELA to $ 1.83 USD
Wrapped Elastos to GBP
1 WELA to £ 1.45 GBP
Wrapped Elastos to EUR
1 WELA to € 1.75 EUR
Wrapped Elastos to KRW
1 WELA to ₩ 2,650.47 KRW
Wrapped Elastos to CAD
1 WELA to $ 2.62 CAD
Wrapped Elastos to AUD
1 WELA to $ 2.92 AUD
Wrapped Elastos to JPY
1 WELA to ¥ 286.01 JPY
Wrapped Elastos to BRL
1 WELA to R$ 11.11 BRL
Wrapped Elastos to CNY
1 WELA to ¥ 13.34 CNY
Wrapped Elastos to TWD
1 WELA to NT$ 59.73 TWD
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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 Wrapped Elastos 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 Wrapped Elastos 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 Wrapped Elastos 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.
