NRK
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 Nordek(NRK) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 NRK at a value of 1 NRK for 3.16 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 Nordek currency pair is the NRK to UGX, with for Nordek's currency code being NRK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
NRK to UGX conversion rate trend
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In the past 1D, Nordek has changed -20.56% to UGX. Based on the trend and price charts, Nordek(NRK) has changed -20.56% to UGX while Ugandan Shilling(UGX) has changed % to NRK in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh3.26 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/13 16:31:16(UTC+0)
How to buy Nordek
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Buy Nordek (NRK)
Use a variety of payment options to buy Nordek on Bitget. We'll show you how.
Buy NRK (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of NRK with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy NRK with USDT via Bitget spot market.
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Sell NRK (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of NRK to UGX. However, you can first exchange NRK for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of Nordek to Ugandan Shilling?
Nordek to Ugandan Shilling is rising this week.Nordek's current market price is Sh 3.16 per NRK, with a total market cap of Sh 2,012,557,752.8 UGX based on a circulating supply of 636,762,900 NRK. The trading volume of Nordek has changed by +13.03% (Sh 146,105,328.47 UGX) in the last 24 hours. Last trading day, NRK's trading volume was Sh 1,121,540,534.21.
Market cap
$548.01K
24h volume
$345.17K
Circulating supply
636.76M NRK
Conversion tables
The exchange rate of Nordek is increasing.1 NRK is currently valued at Sh 3.16 UGX , which means buying 5 NRK will cost Sh 15.8 UGX . Similarly, Sh1 UGX can be traded for 0.3164 NRK, and Sh50 UGX can be converted to 15.82 NRK, excluding any platform or gas fees.
The exchange rate of 1 NRK to Ugandan Shilling has changed by +3.82% in the last 7 days. In the last 24 hours, the rate has fluctuated by -20.56%, reaching a high of 4.16 UGX and a low of 2.66 UGX . One month ago, the value of 1 NRK was Sh 2.13 UGX , which represents a +56.39% change from its current value. Over the last year, Nordek has changed by , resulting in a change of -95.09% in its value.
-Sh
55.31UGXNRK to UGX
Amount
23:42 today
0.5 NRK
Sh1.58
1 NRK
Sh3.16
5 NRK
Sh15.8
10 NRK
Sh31.61
50 NRK
Sh158.03
100 NRK
Sh316.06
500 NRK
Sh1,580.3
1000 NRK
Sh3,160.61
UGX to NRK
Amount23:42 today
0.5UGX0.1582 NRK
1UGX0.3164 NRK
5UGX1.58 NRK
10UGX3.16 NRK
50UGX15.82 NRK
100UGX31.64 NRK
500UGX158.2 NRK
1000UGX316.39 NRK
Today vs. 24 hours ago
| Amount | 23:42 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 NRK | $0.0004303 | $0.0005309 | -20.56% |
| 1 NRK | $0.0008606 | $0.001062 | -20.56% |
| 5 NRK | $0.004303 | $0.005309 | -20.56% |
| 10 NRK | $0.008606 | $0.01062 | -20.56% |
| 50 NRK | $0.04303 | $0.05309 | -20.56% |
| 100 NRK | $0.08606 | $0.1062 | -20.56% |
| 500 NRK | $0.4303 | $0.5309 | -20.56% |
| 1000 NRK | $0.8606 | $1.06 | -20.56% |
Today vs. 1 month ago
| Amount | 23:42 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 NRK | $0.0004303 | $0.0002901 | +56.39% |
| 1 NRK | $0.0008606 | $0.0005803 | +56.39% |
| 5 NRK | $0.004303 | $0.002901 | +56.39% |
| 10 NRK | $0.008606 | $0.005803 | +56.39% |
| 50 NRK | $0.04303 | $0.02901 | +56.39% |
| 100 NRK | $0.08606 | $0.05803 | +56.39% |
| 500 NRK | $0.4303 | $0.2901 | +56.39% |
| 1000 NRK | $0.8606 | $0.5803 | +56.39% |
Today vs. 1 year ago
| Amount | 23:42 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 NRK | $0.0004303 | $0.007961 | -95.09% |
| 1 NRK | $0.0008606 | $0.01592 | -95.09% |
| 5 NRK | $0.004303 | $0.07961 | -95.09% |
| 10 NRK | $0.008606 | $0.1592 | -95.09% |
| 50 NRK | $0.04303 | $0.7961 | -95.09% |
| 100 NRK | $0.08606 | $1.59 | -95.09% |
| 500 NRK | $0.4303 | $7.96 | -95.09% |
| 1000 NRK | $0.8606 | $15.92 | -95.09% |
Nordek price prediction
What will the price of NRK be in 2025?
Based on NRK's historical price performance prediction model, the price of NRK is projected to reach $0.001982 in 2025.
What will the price of NRK be in 2030?
In 2030, the NRK price is expected to change by -14.00%. By the end of 2030, the NRK price is projected to reach $0.003560, with a cumulative ROI of +256.34%.
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Popular Nordek conversions
Check out these popular currency conversions of Nordek to several fiat currencies.
Nordek to USD
1 NRK to $ 0.0008606 USD
Nordek to GBP
1 NRK to £ 0.0006771 GBP
Nordek to EUR
1 NRK to € 0.0008147 EUR
Nordek to KRW
1 NRK to ₩ 1.21 KRW
Nordek to CAD
1 NRK to $ 0.001205 CAD
Nordek to AUD
1 NRK to $ 0.001327 AUD
Nordek to JPY
1 NRK to ¥ 0.1338 JPY
Nordek to BRL
1 NRK to R$ 0.004997 BRL
Nordek to CNY
1 NRK to ¥ 0.006223 CNY
Nordek to TWD
1 NRK to NT$ 0.02795 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Nordek.
EGO to UGX
1 EGO to Sh 81.01 UGX
Super Trump Coin to UGX
1 STRUMP to Sh 11.31 UGX
Bitcoin to UGX
1 BTC to Sh 332,258,338.97 UGX
SolarX to UGX
1 SXCH to Sh -- UGX
Dogecoin to UGX
1 DOGE to Sh 1,481.77 UGX
Solana to UGX
1 SOL to Sh 790,786.43 UGX
Bonk to UGX
1 BONK to Sh 0.1359 UGX
Cardano to UGX
1 ADA to Sh 2,130.41 UGX
Artificial Superintelligence Alliance to UGX
1 FET to Sh 4,679.61 UGX
XRP to UGX
1 XRP to Sh 2,537.37 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 Nordek 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 Nordek 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 Nordek 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.
