OTK
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 Octokn(OTK) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 OTK at a value of 1 OTK for 98.56 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 Octokn currency pair is the OTK to UGX, with for Octokn's currency code being OTK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
OTK to UGX conversion rate trend
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In the past 1D, Octokn has changed +4.68% to UGX. Based on the trend and price charts, Octokn(OTK) has changed +4.68% to UGX while Ugandan Shilling(UGX) has changed % to OTK in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh100.44 | 0.0200% / 0.0320%  VIP 7 | |
KuCoin | Sh100.37 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/23 08:00:19(UTC+0)
How to buy Octokn
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 Octokn (OTK)
Use a variety of payment options to buy Octokn on Bitget. We'll show you how.
Buy OTK (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of OTK with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy OTK 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 OTK (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of OTK to UGX. However, you can first exchange OTK 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 Octokn to Ugandan Shilling?
Octokn to Ugandan Shilling is falling this week.Octokn's current market price is Sh 98.56 per OTK, with a total market cap of Sh 29,876,005,623.7 UGX based on a circulating supply of 303,136,900 OTK. The trading volume of Octokn has changed by +25.31% (Sh 50,394,736.62 UGX) in the last 24 hours. Last trading day, OTK's trading volume was Sh 199,072,228.96.
Market cap
$8.18M
24h volume
$68.30K
Circulating supply
303.14M OTK
Conversion tables
The exchange rate of Octokn is increasing.1 OTK is currently valued at Sh 98.56 UGX , which means buying 5 OTK will cost Sh 492.78 UGX . Similarly, Sh1 UGX can be traded for 0.01015 OTK, and Sh50 UGX can be converted to 0.5073 OTK, excluding any platform or gas fees.
The exchange rate of 1 OTK to Ugandan Shilling has changed by -22.90% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.68%, reaching a high of 105.58 UGX and a low of 90.68 UGX . One month ago, the value of 1 OTK was Sh 70 UGX , which represents a +40.82% change from its current value. Over the last year, Octokn has changed by , resulting in a change of -12.96% in its value.
-Sh
14.67UGXOTK to UGX
Amount
08:56 am today
0.5 OTK
Sh49.28
1 OTK
Sh98.56
5 OTK
Sh492.78
10 OTK
Sh985.56
50 OTK
Sh4,927.81
100 OTK
Sh9,855.62
500 OTK
Sh49,278.08
1000 OTK
Sh98,556.15
UGX to OTK
Amount08:56 am today
0.5UGX0.005073 OTK
1UGX0.01015 OTK
5UGX0.05073 OTK
10UGX0.1015 OTK
50UGX0.5073 OTK
100UGX1.01 OTK
500UGX5.07 OTK
1000UGX10.15 OTK
Today vs. 24 hours ago
| Amount | 08:56 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 OTK | $0.01349 | $0.01289 | +4.68% |
| 1 OTK | $0.02698 | $0.02578 | +4.68% |
| 5 OTK | $0.1349 | $0.1289 | +4.68% |
| 10 OTK | $0.2698 | $0.2578 | +4.68% |
| 50 OTK | $1.35 | $1.29 | +4.68% |
| 100 OTK | $2.7 | $2.58 | +4.68% |
| 500 OTK | $13.49 | $12.89 | +4.68% |
| 1000 OTK | $26.98 | $25.78 | +4.68% |
Today vs. 1 month ago
| Amount | 08:56 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 OTK | $0.01349 | $0.009583 | +40.82% |
| 1 OTK | $0.02698 | $0.01917 | +40.82% |
| 5 OTK | $0.1349 | $0.09583 | +40.82% |
| 10 OTK | $0.2698 | $0.1917 | +40.82% |
| 50 OTK | $1.35 | $0.9583 | +40.82% |
| 100 OTK | $2.7 | $1.92 | +40.82% |
| 500 OTK | $13.49 | $9.58 | +40.82% |
| 1000 OTK | $26.98 | $19.17 | +40.82% |
Today vs. 1 year ago
| Amount | 08:56 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 OTK | $0.01349 | $0.01550 | -12.96% |
| 1 OTK | $0.02698 | $0.03100 | -12.96% |
| 5 OTK | $0.1349 | $0.1550 | -12.96% |
| 10 OTK | $0.2698 | $0.3100 | -12.96% |
| 50 OTK | $1.35 | $1.55 | -12.96% |
| 100 OTK | $2.7 | $3.1 | -12.96% |
| 500 OTK | $13.49 | $15.5 | -12.96% |
| 1000 OTK | $26.98 | $31 | -12.96% |
Octokn price prediction
What will the price of OTK be in 2025?
Based on OTK's historical price performance prediction model, the price of OTK is projected to reach $0.03522 in 2025.
What will the price of OTK be in 2030?
In 2030, the OTK price is expected to change by -10.00%. By the end of 2030, the OTK price is projected to reach $0.07825, with a cumulative ROI of +178.47%.
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Popular Octokn conversions
Check out these popular currency conversions of Octokn to several fiat currencies.
Octokn to USD
1 OTK to $ 0.02698 USD
Octokn to GBP
1 OTK to £ 0.02147 GBP
Octokn to EUR
1 OTK to € 0.02586 EUR
Octokn to KRW
1 OTK to ₩ 39.19 KRW
Octokn to CAD
1 OTK to $ 0.03879 CAD
Octokn to AUD
1 OTK to $ 0.04317 AUD
Octokn to JPY
1 OTK to ¥ 4.23 JPY
Octokn to BRL
1 OTK to R$ 0.1641 BRL
Octokn to CNY
1 OTK to ¥ 0.1970 CNY
Octokn to TWD
1 OTK to NT$ 0.8827 TWD
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1 ALGO to Sh 1,334.42 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 Octokn 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 Octokn 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 Octokn 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.
