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Bidao to Ugandan shilling (BID to UGX)

BID to UGX Converter and calculator

BID/UGX: 1 BID = 0.6166 UGX. The price of converting 1 Bidao (BID) to Ugandan shilling (UGX) is 0.6166 UGX today.
BID
BID
UGX
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides BID to UGX real-time exchange rates, making it easy to convert Bidao (BID) to Ugandan shilling (UGX). The conversion result is based on real-time data. The conversion result shows that 1 BID is currently valued at 0.6166 UGX. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 BID is currently valued at 0.6166 UGX, which means buying 5 BID would cost 3.08 UGX. Similarly, Sh1 UGX can be converted to 1.62 BID, and Sh50 UGX can be converted to 8.11 BID, excluding any platform or gas fees.

Convert BID to UGX

Convert UGX to BID

Bidao
Ugandan shilling
1 BID
0.6166  UGX
Exchange 1 BID for 0.6166 UGX
2 BID
1.23  UGX
Exchange 2 BID for 1.23 UGX
5 BID
3.08  UGX
Exchange 5 BID for 3.08 UGX
10 BID
6.17  UGX
Exchange 10 BID for 6.17 UGX
20 BID
12.33  UGX
Exchange 20 BID for 12.33 UGX
50 BID
30.83  UGX
Exchange 50 BID for 30.83 UGX
100 BID
61.66  UGX
Exchange 100 BID for 61.66 UGX
200 BID
123.32  UGX
Exchange 200 BID for 123.32 UGX
500 BID
308.31  UGX
Exchange 500 BID for 308.31 UGX
1000 BID
616.62  UGX
Exchange 1000 BID for 616.62 UGX
5000 BID
3,083.08  UGX
Exchange 5000 BID for 3,083.08 UGX
10000 BID
6,166.15  UGX
Exchange 10000 BID for 6,166.15 UGX
In the table above, you'll find a comprehensive BID to UGX converter that shows the value of Bidao in Ugandan shilling across commonly used conversion amounts. The list covers conversions from 1 BID to UGX, all the way up to 10000 BID, providing a clear view of their respective values.
Ugandan shilling
Bidao
1 UGX
1.62 BID
Exchange 1 UGX for 1.62 BID
10 UGX
16.22 BID
Exchange 10 UGX for 16.22 BID
50 UGX
81.09 BID
Exchange 50 UGX for 81.09 BID
100 UGX
162.18 BID
Exchange 100 UGX for 162.18 BID
200 UGX
324.35 BID
Exchange 200 UGX for 324.35 BID
500 UGX
810.88 BID
Exchange 500 UGX for 810.88 BID
1000 UGX
1,621.76 BID
Exchange 1000 UGX for 1,621.76 BID
2000 UGX
3,243.51 BID
Exchange 2000 UGX for 3,243.51 BID
5000 UGX
8,108.79 BID
Exchange 5000 UGX for 8,108.79 BID
10000 UGX
16,217.57 BID
Exchange 10000 UGX for 16,217.57 BID
50000 UGX
81,087.85 BID
Exchange 50000 UGX for 81,087.85 BID
100000 UGX
162,175.7 BID
Exchange 100000 UGX for 162,175.7 BID
In the table above, you'll find a comprehensive UGX to BID converter that shows the value of Ugandan shilling in Bidao across commonly used conversion amounts. The list covers conversions from 1 UGX to BID, all the way up to 100000 UGX, providing a clear view of their respective values.

BID to UGX chart

BID/UGX: 1 BID = 0.6166 UGX; 2026/01/18 03:15:04
In the past 1D, Bidao has changed +2.54% to UGX. Based on the trend and price charts, Bidao(BID) has changed +2.54% to UGX while Ugandan shilling(UGX) has changed % to BID in the last 24 hours.
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BID to UGX conversion data: Volatility and price changes of in UGX

The highest price in UGX over the past 7 days was 0.6182 UGX while the lowest price in UGX over the past 7 days was 0.5675 UGX. The relative change between the highs and lows in price in UGX over the last 7 days indicates a volatility of %. You can view additional volatility data and BID to UGX prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.6166 UGX
0.6182 UGX
0.6182 UGX
0.8147 UGX
Low
0.6013 UGX
0.5675 UGX
0.5162 UGX
0.5000 UGX
Average
0 UGX
0 UGX
0 UGX
0 UGX
Volatility
%
%
%
%
Change
+2.54%
+9.38%
+17.27%
-19.52%

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Bitget P2P trading does not currently support direct buying of BID with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy BID with USDT via Bitget spot market.
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Bidao information

BID to UGX market statistics

BID/UGX:
Sh0.6166
BID 24h volume:
--
BID market cap:
--
BID circulating supply:
0 BID

Current BID to UGX exchange rate

Bidao to Ugandan shilling is rising this week.
Bidao's current market price is Sh0.6166 per BID, with a total market cap of Sh0 UGX based on a circulating supply of -- BID. The trading volume of Bidao has changed by 0.00% (Sh0 UGX) in the last 24 hours. Last trading day, BID's trading volume was Sh0.

More info about Bidao on Bitget

Ugandan shilling 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 Bidao currency pair is the BID to UGX, with for Bidao's currency code being BID. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

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How to convert BID to UGX

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1 BID to R$0.0009306 BRL

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BID to UGX Conversion tables

The exchange rate of Bidao is increasing.
The exchange rate of 1 BID to Ugandan shilling has changed by +9.38% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.54%, reaching a high of 0.6166 UGX and a low of 0.6013 UGX . One month ago, the value of 1 BID was Sh0.5258 UGX , which represents a +17.27% change from its current value. Over the last year, Bidao has changed by
-Sh
1.11UGX
, resulting in a change of -64.32% in its value.
24 hours ago1 month ago1 year ago
Amount 03:15 am today 24 hours ago 24h change
0.5 BID
Sh0.3083Sh0.3007
+2.54%
1 BID
Sh0.6166Sh0.6013
+2.54%
5 BID
Sh3.08Sh3.01
+2.54%
10 BID
Sh6.17Sh6.01
+2.54%
50 BID
Sh30.83Sh30.07
+2.54%
100 BID
Sh61.66Sh60.13
+2.54%
500 BID
Sh308.31Sh300.67
+2.54%
1000 BID
Sh616.62Sh601.34
+2.54%

BID to UGX FAQ

How much is 1 Bidao in UGX?
Right now, the price of 1 Bidao (BID) in Ugandan shilling (UGX) is Sh0.6166.
How much BID can I buy for 1 UGX?
Based on the current exchange rate, you can get 1.62 BID for 1 UGX.
How do I calculate or convert BID to UGX?
You can use our BID to UGX calculator at the top of this page to convert any amount of BID to UGX. We've also included quick-reference tables for the most popular conversions. For example, 5 UGX is equivalent to 8.11 BID, while 5 BID will cost around 3.08UGX.
What is the highest price of BID/UGX in history?
The all-time high price of 1 BID in UGX is Sh171.76. It remains to be seen if the value of 1 BID/UGX will exceed the current all-time high.
What is the price trend of in UGX?
Over the past 7 days, the exchange rate of Bidao (BID) has gone up by 9.38%.   Over the last month, the exchange rate of Bidao (BID) has gone up by 17.27% against Ugandan shilling (UGX).

What factors influence the conversion rate of BID to UGX?

There are many factors that affect the relationship between Bidao and Ugandan shilling, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of BID/UGX. When there is positive news in the market about the widespread adoption of BID or major technological breakthroughs, it tends to trigger market optimism and drive the rise of BID/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in BID/UGX.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of BID/UGX. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Bidao and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Bidao currency pairs: BID to US Dollar (USD), BID to Euro (EUR), BID to Pound Sterling (GBP), BID to Canadian Dollar (CAD), BID to Indian Rupee (INR), BID to Pakistani Rupee (PKR), BID to Brazilian Real (BRL), BID to…
The price of Bidao in the US is $0.0001732 USD. Additionally, Bidao’s price is €0.0001492 EUR in the eurozone, £0.0001294 GBP in the UK, C$0.0002412 CAD in Canada, ₹0.01574 INR in India, ₨0.04854 PKR in Pakistan, R$0.0009306 BRL in Brazil, and more.
The most popular Bidao currency pair is the BID to Ugandan shilling(UGX). The price of 1 Bidao (BID) in Ugandan shilling (UGX) is Sh0.6166.

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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.
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