ALEX
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 ALEX Lab(ALEX) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 ALEX at a value of 1 ALEX for 316.17 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 ALEX Lab currency pair is the ALEX to UGX, with for ALEX Lab's currency code being ALEX. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
ALEX to UGX conversion rate trend
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In the past 1D, ALEX Lab has changed -4.15% to UGX. Based on the trend and price charts, ALEX Lab(ALEX) has changed -4.15% to UGX while Ugandan Shilling(UGX) has changed % to ALEX in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh306.87 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | Sh308.51 | 0.1000% / 0.1000% | Yes |
KuCoin | Sh308 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 08:00:23(UTC+0)
How to buy ALEX Lab
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy ALEX Lab (ALEX)
Use a variety of payment options to buy ALEX Lab on Bitget. We'll show you how.
Learn MoreBuy ALEX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of ALEX with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy ALEX 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 ALEX (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of ALEX to UGX. However, you can first exchange ALEX 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 ALEX Lab to Ugandan Shilling?
ALEX Lab to Ugandan Shilling is falling this week.ALEX Lab's current market price is Sh 316.17 per ALEX, with a total market cap of Sh 191,754,161,725.82 UGX based on a circulating supply of 606,489,860 ALEX. The trading volume of ALEX Lab has changed by -16.11% (Sh -1,217,730,124.00 UGX) in the last 24 hours. Last trading day, ALEX's trading volume was Sh 7,559,127,739.11.
Market cap
$52.48M
24h volume
$1.74M
Circulating supply
606.49M ALEX
Conversion tables
The exchange rate of ALEX Lab is increasing.1 ALEX is currently valued at Sh 316.17 UGX , which means buying 5 ALEX will cost Sh 1,580.85 UGX . Similarly, Sh1 UGX can be traded for 0.003163 ALEX, and Sh50 UGX can be converted to 0.1581 ALEX, excluding any platform or gas fees.
The exchange rate of 1 ALEX to Ugandan Shilling has changed by -23.44% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.15%, reaching a high of 340.51 UGX and a low of 301.83 UGX . One month ago, the value of 1 ALEX was Sh 311.6 UGX , which represents a +1.47% change from its current value. Over the last year, ALEX Lab has changed by , resulting in a change of -76.62% in its value.
-Sh
1,036.29UGXALEX to UGX
Amount
11:04 am today
0.5 ALEX
Sh158.09
1 ALEX
Sh316.17
5 ALEX
Sh1,580.85
10 ALEX
Sh3,161.7
50 ALEX
Sh15,808.52
100 ALEX
Sh31,617.04
500 ALEX
Sh158,085.21
1000 ALEX
Sh316,170.43
UGX to ALEX
Amount11:04 am today
0.5UGX0.001581 ALEX
1UGX0.003163 ALEX
5UGX0.01581 ALEX
10UGX0.03163 ALEX
50UGX0.1581 ALEX
100UGX0.3163 ALEX
500UGX1.58 ALEX
1000UGX3.16 ALEX
Today vs. 24 hours ago
| Amount | 11:04 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ALEX | $0.04327 | $0.04514 | -4.15% |
| 1 ALEX | $0.08654 | $0.09028 | -4.15% |
| 5 ALEX | $0.4327 | $0.4514 | -4.15% |
| 10 ALEX | $0.8654 | $0.9028 | -4.15% |
| 50 ALEX | $4.33 | $4.51 | -4.15% |
| 100 ALEX | $8.65 | $9.03 | -4.15% |
| 500 ALEX | $43.27 | $45.14 | -4.15% |
| 1000 ALEX | $86.54 | $90.28 | -4.15% |
Today vs. 1 month ago
| Amount | 11:04 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ALEX | $0.04327 | $0.04264 | +1.47% |
| 1 ALEX | $0.08654 | $0.08529 | +1.47% |
| 5 ALEX | $0.4327 | $0.4264 | +1.47% |
| 10 ALEX | $0.8654 | $0.8529 | +1.47% |
| 50 ALEX | $4.33 | $4.26 | +1.47% |
| 100 ALEX | $8.65 | $8.53 | +1.47% |
| 500 ALEX | $43.27 | $42.64 | +1.47% |
| 1000 ALEX | $86.54 | $85.29 | +1.47% |
Today vs. 1 year ago
| Amount | 11:04 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ALEX | $0.04327 | $0.1851 | -76.62% |
| 1 ALEX | $0.08654 | $0.3702 | -76.62% |
| 5 ALEX | $0.4327 | $1.85 | -76.62% |
| 10 ALEX | $0.8654 | $3.7 | -76.62% |
| 50 ALEX | $4.33 | $18.51 | -76.62% |
| 100 ALEX | $8.65 | $37.02 | -76.62% |
| 500 ALEX | $43.27 | $185.09 | -76.62% |
| 1000 ALEX | $86.54 | $370.17 | -76.62% |
ALEX Lab price prediction
What will the price of ALEX be in 2025?
Based on ALEX's historical price performance prediction model, the price of ALEX is projected to reach $0.1286 in 2025.
What will the price of ALEX be in 2030?
In 2030, the ALEX price is expected to change by -19.00%. By the end of 2030, the ALEX price is projected to reach $0.1126, with a cumulative ROI of +22.99%.
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Popular ALEX Lab conversions
Check out these popular currency conversions of ALEX Lab to several fiat currencies.
ALEX Lab to USD
1 ALEX to $ 0.08654 USD
ALEX Lab to GBP
1 ALEX to £ 0.06883 GBP
ALEX Lab to EUR
1 ALEX to € 0.08296 EUR
ALEX Lab to KRW
1 ALEX to ₩ 125.17 KRW
ALEX Lab to CAD
1 ALEX to $ 0.1242 CAD
ALEX Lab to AUD
1 ALEX to $ 0.1384 AUD
ALEX Lab to JPY
1 ALEX to ¥ 13.54 JPY
ALEX Lab to BRL
1 ALEX to R$ 0.5267 BRL
ALEX Lab to CNY
1 ALEX to ¥ 0.6315 CNY
ALEX Lab to TWD
1 ALEX to NT$ 2.82 TWD
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1 HEX to Sh 66.7 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 ALEX Lab 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 ALEX Lab 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 ALEX Lab 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.
