Understanding the dynamics of currency conversion is crucial in today's globalized world. This article provides a detailed overview of converting US Dollars (USD) to Ugandan Shillings (UGX), offering insights into historical exchange rates, currency information, and tools available for international money transfers.
Understanding USD and UGX
Before diving into the conversion details, let's understand the currencies involved:
- USD - US Dollar: The official currency of the United States. The currency code for US Dollars is USD, and the currency symbol is $.
- UGX - Ugandan Shilling: The official currency of Uganda. The currency code for Ugandan Shillings is UGX, and the currency symbol is USh.
Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate, and the most popular Ugandan Shilling exchange rate is the UGX to USD rate.
Historical USD to UGX Exchange Rates
Analyzing historical exchange rates provides valuable context for understanding the fluctuations and trends in currency values. Here's a summary of the USD to UGX exchange-rate statistics over the last 7, 30, and 90 days:
Uganda shilling gains against the dollar will be short lived - Economist
USD to UGX Exchange-Rate Statistics
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 3,503.5 | 3,503.5 | 3,564.1 |
| Low | 3,477.8 | 3,420.4 | 3,420.4 |
| Average | 3,488.9 | 3,472.2 | 3,502.7 |
| Volatility | 0.09% | 0.25% | 0.20% |
This data indicates the high, low, and average exchange rates, along with the volatility, providing a snapshot of the currency's performance over different periods.
Read also: Understanding AED to GHS
Tools for Currency Conversion and International Transfers
Several tools are available to facilitate currency conversion and international money transfers:
- Xe App: Manage your currencies on the go with the Xe app. It has everything you need for international money transfers - easy, secure, and low fees starting at $0.
- Rate Alerts: Set free rate alerts for any currency pair to be notified at your desired rate.
- Historical Currency Rates: Analyze rate trends for any currency over a few days, weeks, months, or years.
- International Transfers: Send money to 190 countries across 130 currencies with flexible ways to send and receive money.
It is important to note that the mid-market rate used for the Converter is for informational purposes only, and you won’t receive this rate when sending money. Always login to view send rates for accurate transactions.
Read also: Historical ZAR/NGN Data
Read also: Converting USD to MAD
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