Uganda is a vibrant East African nation known for its diverse landscapes, abundant wildlife, and rich cultural heritage. As a traveler or business person dealing with Uganda, it’s essential to understand the local currency, the Ugandan Shilling (UGX), and its exchange rate with major global currencies like the US Dollar (USD). In this comprehensive guide, we’ll delve into the current USD to UGX exchange rate, historical trends, and other key information to help you navigate Uganda’s financial landscape.
Current Exchange Rate: USD to UGX
As of June 19, 2024, the exchange rate for USD to UGX stands at 1 USD = 3,721.623 UGX. This means that for every US Dollar, you can obtain approximately 3,721.623 Ugandan Shillings. It’s crucial to stay updated on the latest exchange rates to ensure you get the best value for your money when exchanging currencies.
1 USD to UGX Exchange Rate
To put the exchange rate into perspective, let’s consider a practical example. If you have 100 USD and want to convert it to UGX, you would receive approximately 372,162.30 UGX (100 x 3,721.623). Keep in mind that exchange rates can fluctuate daily, so it’s always a good idea to check the most current rate before making any transactions.
Mid-Market Rates for Informational Purposes
It’s important to note that the exchange rates provided in this article are based on mid-market rates, which are the average of the buy and sell rates from global currency markets. These rates are used for informational purposes only and may differ from the rates offered by banks, currency exchange providers, or other financial institutions. When exchanging money, be sure to compare rates from multiple sources to find the best deal.
Uganda Currency: Ugandan Shilling (UGX)
The official currency of Uganda is the Ugandan Shilling (UGX). The Ugandan Shilling has been in circulation since 1966 and is issued and regulated by the Bank of Uganda, the country’s central bank. Understanding the basics of the Ugandan Shilling is essential for anyone planning to visit or conduct business in Uganda.
Ugandan Shilling (UGX) Currency Code and Symbol
The Ugandan Shilling is represented by the currency code UGX and the symbol USh. When dealing with Ugandan currency, you’ll often see prices and amounts written as “USh 10,000” or “10,000 UGX,” for example.
Ugandan Shilling Denominations
The Ugandan Shilling is available in both banknotes and coins. The banknotes come in denominations of:
- 1,000 shillings
- 2,000 shillings
- 5,000 shillings
- 10,000 shillings
- 20,000 shillings
- 50,000 shillings
The coins, on the other hand, are available in denominations of:
- 100 shillings
- 200 shillings
- 500 shillings
Historical Exchange Rates: USD to UGX
Analyzing historical exchange rates can provide valuable insights into the performance of the Ugandan Shilling against the US Dollar over time. By examining past trends, you can better understand the currency’s stability and make informed decisions when planning your travel or business activities in Uganda.
USD to UGX Exchange Rate Last 30 Days
Over the last 30 days, the USD to UGX exchange rate has seen some fluctuations:
| Statistic | Value |
|---|---|
| Highest Rate | 3,825.6 |
| Lowest Rate | 3,713.0 |
| Average Rate | 3,786.9 |
| Volatility | 0.37% |
USD to UGX Exchange Rate Last 90 Days
Looking at a longer time frame, the USD to UGX exchange rate over the last 90 days shows:
| Statistic | Value |
|---|---|
| Highest Rate | 3,903.7 |
| Lowest Rate | 3,713.0 |
| Average Rate | 3,808.8 |
| Volatility | 0.32% |
Other Currencies Accepted in Uganda
While the Ugandan Shilling is the primary currency in Uganda, some other major currencies are widely accepted, especially in tourist areas and larger establishments. These include:
- US Dollar (USD)
- Euro (EUR)
- Pound Sterling (GBP)
However, it’s always a good idea to carry some Ugandan Shillings for smaller transactions and when visiting local markets or remote areas.
Xe Currency Converter Services
For the most up-to-date exchange rates and a range of useful tools, consider using the services provided by Xe Currency Converter. Xe is a trusted name in the world of foreign exchange, offering valuable resources for both travelers and businesses.
Live Tracking and Flexible Money Transfers
With Xe Currency Converter, you can access live exchange rates, track currencies in real-time, and set up flexible money transfers. Whether you need to send money to Uganda or receive funds from the country, Xe offers a secure and convenient platform to handle your transactions.
Historical Currency Data and Rate Alerts
Xe Currency Converter also provides access to historical currency data for any currency pair in the world. This feature allows you to analyze past exchange rate trends and make informed decisions based on historical performance. Additionally, you can set up rate alerts to notify you when the USD to UGX exchange rate reaches a specific threshold, helping you stay on top of market movements.
See also:
