The foreign exchange market plays a crucial role in global economic transactions, influencing trade and financial activities. Here are the current exchange rates for the Ugandan Shilling (UGX) against several major currencies:
| Country | Currency Code | Exchange Rate (UGX) |
|---|---|---|
| United States | USD | 3807.6 |
| United Arab Emirates | AED | 1036.79 |
| China | CNY | 531.51 |
| South Sudan | SSP | 3.52 |
| United Kingdom | GBP | 4803.99 |
| DR Congo | CDF | 1.39 |
| Rwanda | RWF | 2.98 |
| South Africa | ZAR | 203.49 |
| Nigeria | NGN | 4.3 |
| Euro | EUR | 4159.23 |
| Kenya | KES | 24.14 |
| Tanzania | TZS | 1.51 |
The United States Dollar (USD), often considered a global benchmark, is currently valued at 3807.6 Ugandan Shillings. This exchange rate reflects the economic strength of the United States and its widespread use in international trade.
Moving to the Middle East, the United Arab Emirates Dirham (AED) holds a value of 1036.79 UGX. This reflects the economic standing of the UAE, a key player in the global oil market and a hub for international business.
China’s Yuan (CNY) stands at 531.51 UGX, showcasing China’s economic might and its role as a major manufacturing and export powerhouse. The value of the CNY often reflects the global demand for Chinese goods and services.
South Sudan’s Pound (SSP) has an exchange rate of 3.52 UGX. As a relatively young nation, South Sudan’s economic indicators are closely watched, and its currency value is a key factor in assessing its economic stability.
Turning to Europe, the United Kingdom’s Pound (GBP) is valued at 4803.99 UGX. The GBP’s strength is influenced by the UK’s economic activities and its historical significance in international finance.
Moving to Africa, the South African Rand (ZAR) is valued at 203.49 UGX. South Africa’s diverse economy and rich natural resources contribute to the strength of its currency in the global market.
Nigeria’s Naira (NGN) has an exchange rate of 4.3 UGX. As one of the largest economies in Africa, Nigeria’s currency value plays a significant role in regional trade and economic dynamics.
The Euro (EUR), representing the European Union, is valued at 4159.23 UGX. The Euro’s strength is influenced by the economic performance of the EU member countries and their collective impact on the global economy.
Moving to East Africa, the Kenyan Shilling (KES) stands at 24.14 UGX, reflecting Kenya’s economic activities and its position as an economic hub in the region.
Finally, Tanzania’s Shilling (TZS) holds an exchange rate of 1.51 UGX. Tanzania’s currency value is indicative of its economic activities and trade relations within East Africa.
These exchange rates are subject to fluctuations based on market dynamics and economic conditions.
