RED
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 RED TOKEN(RED) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 RED at a value of 1 RED for 0.01 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 RED TOKEN currency pair is the RED to UGX, with for RED TOKEN's currency code being RED. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
RED to UGX conversion rate trend
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In the past 1D, RED TOKEN has changed -2.37% to UGX. Based on the trend and price charts, RED TOKEN(RED) has changed -2.37% to UGX while Ugandan Shilling(UGX) has changed % to RED in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh0.02195 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | Sh0.009569 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/21 08:00:16(UTC+0)
How to buy RED TOKEN
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 RED TOKEN (RED)
Use a variety of payment options to buy RED TOKEN on Bitget. We'll show you how.
Buy RED (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of RED with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy RED 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 RED (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of RED to UGX. However, you can first exchange RED 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 RED TOKEN to Ugandan Shilling?
RED TOKEN to Ugandan Shilling is falling this week.RED TOKEN's current market price is Sh 0.009637 per RED, with a total market cap of Sh 62,648,095.38 UGX based on a circulating supply of 6,500,834,300 RED. The trading volume of RED TOKEN has changed by -18.77% (Sh -21,123,422.25 UGX) in the last 24 hours. Last trading day, RED's trading volume was Sh 112,535,813.03.
Market cap
$16.96K
24h volume
$24.74K
Circulating supply
6.50B RED
Conversion tables
The exchange rate of RED TOKEN is decreasing.1 RED is currently valued at Sh 0.009637 UGX , which means buying 5 RED will cost Sh 0.04818 UGX . Similarly, Sh1 UGX can be traded for 103.77 RED, and Sh50 UGX can be converted to 5,188.37 RED, excluding any platform or gas fees.
The exchange rate of 1 RED to Ugandan Shilling has changed by -0.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.37%, reaching a high of 0.01047 UGX and a low of 0.009431 UGX . One month ago, the value of 1 RED was Sh 0.01101 UGX , which represents a -12.50% change from its current value. Over the last year, RED TOKEN has changed by , resulting in a change of -45.40% in its value.
-Sh
0.008014UGXRED to UGX
Amount
16:24 today
0.5 RED
Sh0.004818
1 RED
Sh0.009637
5 RED
Sh0.04818
10 RED
Sh0.09637
50 RED
Sh0.4818
100 RED
Sh0.9637
500 RED
Sh4.82
1000 RED
Sh9.64
UGX to RED
Amount16:24 today
0.5UGX51.88 RED
1UGX103.77 RED
5UGX518.84 RED
10UGX1,037.67 RED
50UGX5,188.37 RED
100UGX10,376.75 RED
500UGX51,883.73 RED
1000UGX103,767.47 RED
Today vs. 24 hours ago
| Amount | 16:24 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RED | $0.{5}1304 | $0.{5}1336 | -2.37% |
| 1 RED | $0.{5}2608 | $0.{5}2672 | -2.37% |
| 5 RED | $0.{4}1304 | $0.{4}1336 | -2.37% |
| 10 RED | $0.{4}2608 | $0.{4}2672 | -2.37% |
| 50 RED | $0.0001304 | $0.0001336 | -2.37% |
| 100 RED | $0.0002608 | $0.0002672 | -2.37% |
| 500 RED | $0.001304 | $0.001336 | -2.37% |
| 1000 RED | $0.002608 | $0.002672 | -2.37% |
Today vs. 1 month ago
| Amount | 16:24 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RED | $0.{5}1304 | $0.{5}1491 | -12.50% |
| 1 RED | $0.{5}2608 | $0.{5}2981 | -12.50% |
| 5 RED | $0.{4}1304 | $0.{4}1491 | -12.50% |
| 10 RED | $0.{4}2608 | $0.{4}2981 | -12.50% |
| 50 RED | $0.0001304 | $0.0001491 | -12.50% |
| 100 RED | $0.0002608 | $0.0002981 | -12.50% |
| 500 RED | $0.001304 | $0.001491 | -12.50% |
| 1000 RED | $0.002608 | $0.002981 | -12.50% |
Today vs. 1 year ago
| Amount | 16:24 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RED | $0.{5}1304 | $0.{5}2389 | -45.40% |
| 1 RED | $0.{5}2608 | $0.{5}4777 | -45.40% |
| 5 RED | $0.{4}1304 | $0.{4}2389 | -45.40% |
| 10 RED | $0.{4}2608 | $0.{4}4777 | -45.40% |
| 50 RED | $0.0001304 | $0.0002389 | -45.40% |
| 100 RED | $0.0002608 | $0.0004777 | -45.40% |
| 500 RED | $0.001304 | $0.002389 | -45.40% |
| 1000 RED | $0.002608 | $0.004777 | -45.40% |
RED TOKEN price prediction
What will the price of RED be in 2025?
Based on RED's historical price performance prediction model, the price of RED is projected to reach $0.{5}3442 in 2025.
What will the price of RED be in 2030?
In 2030, the RED price is expected to change by -16.00%. By the end of 2030, the RED price is projected to reach $0.{5}4949, with a cumulative ROI of +74.02%.
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Popular RED TOKEN conversions
Check out these popular currency conversions of RED TOKEN to several fiat currencies.
RED TOKEN to USD
1 RED to $ 0.{5}2608 USD
RED TOKEN to GBP
1 RED to £ 0.{5}2067 GBP
RED TOKEN to EUR
1 RED to € 0.{5}2481 EUR
RED TOKEN to KRW
1 RED to ₩ 0.003650 KRW
RED TOKEN to CAD
1 RED to $ 0.{5}3639 CAD
RED TOKEN to AUD
1 RED to $ 0.{5}4004 AUD
RED TOKEN to JPY
1 RED to ¥ 0.0004028 JPY
RED TOKEN to BRL
1 RED to R$ 0.{4}1516 BRL
RED TOKEN to CNY
1 RED to ¥ 0.{4}1889 CNY
RED TOKEN to TWD
1 RED to NT$ 0.{4}8494 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in RED TOKEN.
MAD to UGX
1 MAD to Sh -- UGX
XRP to UGX
1 XRP to Sh 4,077.31 UGX
EGO to UGX
1 EGO to Sh 89.55 UGX
Sharpe AI to UGX
1 SAI to Sh 121.31 UGX
Solana to UGX
1 SOL to Sh 923,311.79 UGX
Bitcoin to UGX
1 BTC to Sh 357,214,290.44 UGX
Dogecoin to UGX
1 DOGE to Sh 1,406.55 UGX
Pepe to UGX
1 PEPE to Sh 0.07604 UGX
Peanut the Squirrel to UGX
1 PNUT to Sh 5,040.49 UGX
Sui to UGX
1 SUI to Sh 13,130.04 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 RED TOKEN 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 RED TOKEN 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 RED TOKEN 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.
