MAGIK
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 Magik Finance(MAGIK) to Ugandan Shilling(UGX). This is the real-time data. The current conversion shows 1 MAGIK at a value of 1 MAGIK for 57.68 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 Magik Finance currency pair is the MAGIK to UGX, with for Magik Finance's currency code being MAGIK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.
MAGIK to UGX conversion rate trend
1D7D1M3M1YAll
In the past 1D, Magik Finance has changed +157.64% to UGX. Based on the trend and price charts, Magik Finance(MAGIK) has changed +157.64% to UGX while Ugandan Shilling(UGX) has changed % to MAGIK in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | Sh57.68 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/09/20 00:34:36(UTC+0)
How to buy Magik Finance
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 Magik Finance (MAGIK)
Use a variety of payment options to buy Magik Finance on Bitget. We'll show you how.
Buy MAGIK (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of MAGIK with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy MAGIK with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
No matching ads found.
Sell MAGIK (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading currently does not support direct selling of MAGIK to UGX. However, you can first exchange MAGIK 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 |
|---|
No matching ads found.
What factors influence the conversion rate of Magik Finance to Ugandan Shilling?
Magik Finance to Ugandan Shilling is rising this week.Magik Finance's current market price is Sh 57.68 per MAGIK, with a total market cap of Sh 0 UGX based on a circulating supply of -- MAGIK. The trading volume of Magik Finance has changed by -68.07% (Sh -19,281.69 UGX) in the last 24 hours. Last trading day, MAGIK's trading volume was Sh 28,326.47.
Market cap
$0
24h volume
$2.43217739
Circulating supply
0 MAGIK
Conversion tables
The exchange rate of Magik Finance is increasing.1 MAGIK is currently valued at Sh 57.68 UGX , which means buying 5 MAGIK will cost Sh 288.4 UGX . Similarly, Sh1 UGX can be traded for 0.01734 MAGIK, and Sh50 UGX can be converted to 0.8669 MAGIK, excluding any platform or gas fees.
The exchange rate of 1 MAGIK to Ugandan Shilling has changed by +184.77% in the last 7 days. In the last 24 hours, the rate has fluctuated by +157.64%, reaching a high of 158.44 UGX and a low of 61.34 UGX . One month ago, the value of 1 MAGIK was Sh -47.77 UGX , which represents a +206.58% change from its current value. Over the last year, Magik Finance has changed by , resulting in a change of -75.17% in its value.
-Sh
473.7UGXMAGIK to UGX
Amount
00:56 am today
0.5 MAGIK
Sh28.84
1 MAGIK
Sh57.68
5 MAGIK
Sh288.4
10 MAGIK
Sh576.8
50 MAGIK
Sh2,883.99
100 MAGIK
Sh5,767.97
500 MAGIK
Sh28,839.86
1000 MAGIK
Sh57,679.73
UGX to MAGIK
Amount00:56 am today
0.5UGX0.008669 MAGIK
1UGX0.01734 MAGIK
5UGX0.08669 MAGIK
10UGX0.1734 MAGIK
50UGX0.8669 MAGIK
100UGX1.73 MAGIK
500UGX8.67 MAGIK
1000UGX17.34 MAGIK
Today vs. 24 hours ago
| Amount | 00:56 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MAGIK | $0.007755 | $-0.005259 | +157.64% |
| 1 MAGIK | $0.01551 | $-0.01052 | +157.64% |
| 5 MAGIK | $0.07755 | $-0.05259 | +157.64% |
| 10 MAGIK | $0.1551 | $-0.1052 | +157.64% |
| 50 MAGIK | $0.7755 | $-0.5259 | +157.64% |
| 100 MAGIK | $1.55 | $-1.05180 | +157.64% |
| 500 MAGIK | $7.76 | $-5.2590 | +157.64% |
| 1000 MAGIK | $15.51 | $-10.5180 | +157.64% |
Today vs. 1 month ago
| Amount | 00:56 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MAGIK | $0.007755 | $-0.006423 | +206.58% |
| 1 MAGIK | $0.01551 | $-0.01285 | +206.58% |
| 5 MAGIK | $0.07755 | $-0.06423 | +206.58% |
| 10 MAGIK | $0.1551 | $-0.1285 | +206.58% |
| 50 MAGIK | $0.7755 | $-0.6423 | +206.58% |
| 100 MAGIK | $1.55 | $-1.2846 | +206.58% |
| 500 MAGIK | $7.76 | $-6.4229 | +206.58% |
| 1000 MAGIK | $15.51 | $-12.8458 | +206.58% |
Today vs. 1 year ago
| Amount | 00:56 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MAGIK | $0.007755 | $0.07145 | -75.17% |
| 1 MAGIK | $0.01551 | $0.1429 | -75.17% |
| 5 MAGIK | $0.07755 | $0.7145 | -75.17% |
| 10 MAGIK | $0.1551 | $1.43 | -75.17% |
| 50 MAGIK | $0.7755 | $7.14 | -75.17% |
| 100 MAGIK | $1.55 | $14.29 | -75.17% |
| 500 MAGIK | $7.76 | $71.45 | -75.17% |
| 1000 MAGIK | $15.51 | $142.89 | -75.17% |
Magik Finance price prediction
What will the price of MAGIK be in 2025?
Based on MAGIK's historical price performance prediction model, the price of MAGIK is projected to reach $0.01856 in 2025.
What will the price of MAGIK be in 2030?
In 2030, the MAGIK price is expected to change by -17.00%. By the end of 2030, the MAGIK price is projected to reach $0.02033, with a cumulative ROI of +31.08%.
Other crypto price predictions
Bitcoin(BTC)Price predictions
Ethereum(ETH)Price predictions
Celestia(TIA)Price predictions
Solana(SOL)Price predictions
Worldcoin(WLD)Price predictions
Bittensor(TAO)Price predictions
Dogecoin(DOGE)Price predictions
PepeCoin(PEPECOIN)Price predictions
Pandora(PANDORA)Price predictions
ORDI(ORDI)Price predictions
Bitget Earn
A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin
APR
Action
Purchase other cryptocurrencies with similar market cap
Popular Magik Finance conversions
Check out these popular currency conversions of Magik Finance to several fiat currencies.
Magik Finance to USD
1 MAGIK to $ 0.01551 USD
Magik Finance to GBP
1 MAGIK to £ 0.01168 GBP
Magik Finance to EUR
1 MAGIK to € 0.01390 EUR
Magik Finance to KRW
1 MAGIK to ₩ 20.6 KRW
Magik Finance to CAD
1 MAGIK to $ 0.02103 CAD
Magik Finance to AUD
1 MAGIK to $ 0.02277 AUD
Magik Finance to JPY
1 MAGIK to ¥ 2.21 JPY
Magik Finance to BRL
1 MAGIK to R$ 0.08415 BRL
Magik Finance to CNY
1 MAGIK to ¥ 0.1097 CNY
Magik Finance to TWD
1 MAGIK to NT$ 0.4952 TWD
Popular cryptocurrencies to UGX
Explore other cryptocurrencies based on your interest in Magik Finance.
Baby Doge Coin to UGX
1 1MBABYDOGE to Sh -- UGX
Bitcoin to UGX
1 BTC to Sh 233,838,820.75 UGX
Panda Swap to UGX
1 PANDA to Sh 33.26 UGX
NOTAI to UGX
1 NOTAI to Sh -- UGX
Solana to UGX
1 SOL to Sh 528,854.04 UGX
Aleo to UGX
1 ALEO to Sh -- UGX
Ethereum to UGX
1 ETH to Sh 9,130,092.29 UGX
Toncoin to UGX
1 TON to Sh 20,981.48 UGX
Enjin Coin to UGX
1 ENJ to Sh 552.85 UGX
Zebec Network to UGX
1 ZBCN to Sh -- UGX
Discover more cryptocurrencies
Here are the top 20 cryptocurrencies by market cap.
Latest coin listings on Bitget
New listings
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 Magik Finance 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 Magik Finance 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 Magik Finance 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.
