PRX
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 Parex(PRX) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 PRX at a value of 1 PRX for 668.02 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 Parex currency pair is the PRX to UGX, with for Parex's currency code being PRX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
PRX to UGX conversion rate trend
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In the past 1D, Parex has changed -4.82% to UGX. Based on the trend and price charts, Parex(PRX) has changed -4.82% to UGX while Ugandan Shilling(UGX) has changed % to PRX in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh682.96 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | Sh684.15 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/23 08:00:17(UTC+0)
How to buy Parex
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.
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Parex (PRX)
Use a variety of payment options to buy Parex on Bitget. We'll show you how.
Buy PRX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of PRX with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy PRX 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 PRX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of PRX to UGX. However, you can first exchange PRX 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 Parex to Ugandan Shilling?
Parex to Ugandan Shilling is falling this week.Parex's current market price is Sh 668.02 per PRX, with a total market cap of Sh 9,125,343,217.27 UGX based on a circulating supply of 13,660,249 PRX. The trading volume of Parex has changed by +17.09% (Sh 102,393,094.95 UGX) in the last 24 hours. Last trading day, PRX's trading volume was Sh 598,965,164.98.
Market cap
$2.50M
24h volume
$192.01K
Circulating supply
13.66M PRX
Conversion tables
The exchange rate of Parex is decreasing.1 PRX is currently valued at Sh 668.02 UGX , which means buying 5 PRX will cost Sh 3,340.11 UGX . Similarly, Sh1 UGX can be traded for 0.001497 PRX, and Sh50 UGX can be converted to 0.07485 PRX, excluding any platform or gas fees.
The exchange rate of 1 PRX to Ugandan Shilling has changed by -26.32% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.82%, reaching a high of 737.68 UGX and a low of 665.29 UGX . One month ago, the value of 1 PRX was Sh 1,136.63 UGX , which represents a -41.22% change from its current value. Over the last year, Parex has changed by , resulting in a change of -68.73% in its value.
-Sh
1,468.19UGXPRX to UGX
Amount
10:03 am today
0.5 PRX
Sh334.01
1 PRX
Sh668.02
5 PRX
Sh3,340.11
10 PRX
Sh6,680.22
50 PRX
Sh33,401.09
100 PRX
Sh66,802.17
500 PRX
Sh334,010.86
1000 PRX
Sh668,021.72
UGX to PRX
Amount10:03 am today
0.5UGX0.0007485 PRX
1UGX0.001497 PRX
5UGX0.007485 PRX
10UGX0.01497 PRX
50UGX0.07485 PRX
100UGX0.1497 PRX
500UGX0.7485 PRX
1000UGX1.5 PRX
Today vs. 24 hours ago
| Amount | 10:03 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PRX | $0.09144 | $0.09607 | -4.82% |
| 1 PRX | $0.1829 | $0.1921 | -4.82% |
| 5 PRX | $0.9144 | $0.9607 | -4.82% |
| 10 PRX | $1.83 | $1.92 | -4.82% |
| 50 PRX | $9.14 | $9.61 | -4.82% |
| 100 PRX | $18.29 | $19.21 | -4.82% |
| 500 PRX | $91.44 | $96.07 | -4.82% |
| 1000 PRX | $182.88 | $192.14 | -4.82% |
Today vs. 1 month ago
| Amount | 10:03 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PRX | $0.09144 | $0.1556 | -41.22% |
| 1 PRX | $0.1829 | $0.3112 | -41.22% |
| 5 PRX | $0.9144 | $1.56 | -41.22% |
| 10 PRX | $1.83 | $3.11 | -41.22% |
| 50 PRX | $9.14 | $15.56 | -41.22% |
| 100 PRX | $18.29 | $31.12 | -41.22% |
| 500 PRX | $91.44 | $155.59 | -41.22% |
| 1000 PRX | $182.88 | $311.18 | -41.22% |
Today vs. 1 year ago
| Amount | 10:03 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PRX | $0.09144 | $0.2924 | -68.73% |
| 1 PRX | $0.1829 | $0.5848 | -68.73% |
| 5 PRX | $0.9144 | $2.92 | -68.73% |
| 10 PRX | $1.83 | $5.85 | -68.73% |
| 50 PRX | $9.14 | $29.24 | -68.73% |
| 100 PRX | $18.29 | $58.48 | -68.73% |
| 500 PRX | $91.44 | $292.42 | -68.73% |
| 1000 PRX | $182.88 | $584.83 | -68.73% |
Parex price prediction
What will the price of PRX be in 2025?
Based on PRX's historical price performance prediction model, the price of PRX is projected to reach $0.2875 in 2025.
What will the price of PRX be in 2030?
In 2030, the PRX price is expected to change by -13.00%. By the end of 2030, the PRX price is projected to reach $0.4800, with a cumulative ROI of +148.68%.
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Popular Parex conversions
Check out these popular currency conversions of Parex to several fiat currencies.
Parex to USD
1 PRX to $ 0.1829 USD
Parex to GBP
1 PRX to £ 0.1455 GBP
Parex to EUR
1 PRX to € 0.1753 EUR
Parex to KRW
1 PRX to ₩ 265.63 KRW
Parex to CAD
1 PRX to $ 0.2629 CAD
Parex to AUD
1 PRX to $ 0.2926 AUD
Parex to JPY
1 PRX to ¥ 28.67 JPY
Parex to BRL
1 PRX to R$ 1.11 BRL
Parex to CNY
1 PRX to ¥ 1.34 CNY
Parex to TWD
1 PRX to NT$ 5.98 TWD
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1 STEEM to Sh 813.59 UGX
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1 MBL to Sh 12.8 UGX
Algorand to UGX
1 ALGO to Sh 1,338.62 UGX
Livepeer to UGX
1 LPT to Sh 55,937.42 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 Parex 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 Parex 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 Parex 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.
