LABZ
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 Insane Labz(LABZ) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 LABZ at a value of 1 LABZ for 148.47 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 Insane Labz currency pair is the LABZ to UGX, with for Insane Labz's currency code being LABZ. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
LABZ to UGX conversion rate trend
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In the past 1D, Insane Labz has changed -18.71% to UGX. Based on the trend and price charts, Insane Labz(LABZ) has changed -18.71% to UGX while Ugandan Shilling(UGX) has changed % to LABZ in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh148.47 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/14 16:31:04(UTC+0)
How to buy Insane Labz
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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 Insane Labz (LABZ)
Use a variety of payment options to buy Insane Labz on Bitget. We'll show you how.
Buy LABZ (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of LABZ with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy LABZ 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 LABZ (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of LABZ to UGX. However, you can first exchange LABZ 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 Insane Labz to Ugandan Shilling?
Insane Labz to Ugandan Shilling is rising this week.Insane Labz's current market price is Sh 148.47 per LABZ, with a total market cap of Sh 7,350,279,912.68 UGX based on a circulating supply of 49,507,240 LABZ. The trading volume of Insane Labz has changed by -62.43% (Sh -399,003,825.12 UGX) in the last 24 hours. Last trading day, LABZ's trading volume was Sh 639,089,178.71.
Market cap
$2.00M
24h volume
$65.43K
Circulating supply
49.51M LABZ
Conversion tables
The exchange rate of Insane Labz is increasing.1 LABZ is currently valued at Sh 148.47 UGX , which means buying 5 LABZ will cost Sh 742.34 UGX . Similarly, Sh1 UGX can be traded for 0.006735 LABZ, and Sh50 UGX can be converted to 0.3368 LABZ, excluding any platform or gas fees.
The exchange rate of 1 LABZ to Ugandan Shilling has changed by +66.58% in the last 7 days. In the last 24 hours, the rate has fluctuated by -18.71%, reaching a high of 187 UGX and a low of 148.47 UGX . One month ago, the value of 1 LABZ was Sh 78.5 UGX , which represents a +89.14% change from its current value. Over the last year, Insane Labz has changed by , resulting in a change of +33.80% in its value.
+Sh
148.47UGXLABZ to UGX
Amount
17:09 today
0.5 LABZ
Sh74.23
1 LABZ
Sh148.47
5 LABZ
Sh742.34
10 LABZ
Sh1,484.69
50 LABZ
Sh7,423.44
100 LABZ
Sh14,846.88
500 LABZ
Sh74,234.39
1000 LABZ
Sh148,468.79
UGX to LABZ
Amount17:09 today
0.5UGX0.003368 LABZ
1UGX0.006735 LABZ
5UGX0.03368 LABZ
10UGX0.06735 LABZ
50UGX0.3368 LABZ
100UGX0.6735 LABZ
500UGX3.37 LABZ
1000UGX6.74 LABZ
Today vs. 24 hours ago
| Amount | 17:09 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 LABZ | $0.02023 | $0.02489 | -18.71% |
| 1 LABZ | $0.04046 | $0.04978 | -18.71% |
| 5 LABZ | $0.2023 | $0.2489 | -18.71% |
| 10 LABZ | $0.4046 | $0.4978 | -18.71% |
| 50 LABZ | $2.02 | $2.49 | -18.71% |
| 100 LABZ | $4.05 | $4.98 | -18.71% |
| 500 LABZ | $20.23 | $24.89 | -18.71% |
| 1000 LABZ | $40.46 | $49.78 | -18.71% |
Today vs. 1 month ago
| Amount | 17:09 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 LABZ | $0.02023 | $0.01070 | +89.14% |
| 1 LABZ | $0.04046 | $0.02139 | +89.14% |
| 5 LABZ | $0.2023 | $0.1070 | +89.14% |
| 10 LABZ | $0.4046 | $0.2139 | +89.14% |
| 50 LABZ | $2.02 | $1.07 | +89.14% |
| 100 LABZ | $4.05 | $2.14 | +89.14% |
| 500 LABZ | $20.23 | $10.7 | +89.14% |
| 1000 LABZ | $40.46 | $21.39 | +89.14% |
Today vs. 1 year ago
| Amount | 17:09 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 LABZ | $0.02023 | $0.00 | +33.80% |
| 1 LABZ | $0.04046 | $0.00 | +33.80% |
| 5 LABZ | $0.2023 | $0.00 | +33.80% |
| 10 LABZ | $0.4046 | $0.00 | +33.80% |
| 50 LABZ | $2.02 | $0.00 | +33.80% |
| 100 LABZ | $4.05 | $0.00 | +33.80% |
| 500 LABZ | $20.23 | $0.00 | +33.80% |
| 1000 LABZ | $40.46 | $0.00 | +33.80% |
Insane Labz price prediction
What will the price of LABZ be in 2025?
Based on LABZ's historical price performance prediction model, the price of LABZ is projected to reach $0.004146 in 2025.
What will the price of LABZ be in 2030?
In 2030, the LABZ price is expected to change by -6.00%. By the end of 2030, the LABZ price is projected to reach $0.007228, with a cumulative ROI of -79.12%.
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Popular Insane Labz conversions
Check out these popular currency conversions of Insane Labz to several fiat currencies.
Insane Labz to USD
1 LABZ to $ 0.04046 USD
Insane Labz to GBP
1 LABZ to £ 0.03184 GBP
Insane Labz to EUR
1 LABZ to € 0.03826 EUR
Insane Labz to KRW
1 LABZ to ₩ 56.67 KRW
Insane Labz to CAD
1 LABZ to $ 0.05669 CAD
Insane Labz to AUD
1 LABZ to $ 0.06243 AUD
Insane Labz to JPY
1 LABZ to ¥ 6.31 JPY
Insane Labz to BRL
1 LABZ to R$ 0.2340 BRL
Insane Labz to CNY
1 LABZ to ¥ 0.2930 CNY
Insane Labz to TWD
1 LABZ to NT$ 1.32 TWD
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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 Insane Labz 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 Insane Labz 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 Insane Labz 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.
