On Wednesday, January 10, 2024, the Uganda Shilling exchange rates against various international currencies displayed fluctuations, providing insights into the economic dynamics of the region. The table below outlines the exchange rates for the Uganda Shilling (UGX) against major currencies:
| Country | Exchange Rate (UGX) |
|---|---|
| South Africa | 203.92 |
| China | 529.5 |
| Nigeria | 4.28 |
| Tanzania | 1.51 |
| United Arab Emirates | 1033.95 |
| United States | 3797.19 |
| United Kingdom | 4834.28 |
| South Sudan | 3.47 |
| Rwanda | 2.92 |
| Kenya | 24.06 |
| DR Congo | 1.4 |
| Euro | 4156.23 |
As of this date, the South African Rand stood at 203.92 UGX, the Chinese Yuan at 529.5 UGX, and the Nigerian Naira at 4.28 UGX.
The United States Dollar, a key benchmark, recorded an exchange rate of 3797.19 UGX, highlighting its significant influence on the Ugandan economy. Similarly, the Euro, representing the European Union, had an exchange rate of 4156.23 UGX.
The East African region exhibited varying exchange rates, with neighboring countries such as Tanzania and Kenya having rates of 1.51 UGX and 24.06 UGX, respectively.
South Sudan’s exchange rate was 3.47 UGX, while the Democratic Republic of Congo’s rate stood at 1.4 UGX.
The United Arab Emirates, a non-African partner, demonstrated an exchange rate of 1033.95 UGX.
It is essential to note that exchange rates are subject to market forces, economic policies, and geopolitical events. Fluctuations in these rates can impact various sectors, including trade, tourism, and investment, influencing the overall economic stability of Uganda.
