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MERL to UGX Converter and calculator

MERL/UGX: 1 MERL = 320.15 UGX. The price of converting 1 Merlin Chain (MERL) to Ugandan shilling (UGX) is 320.15 UGX today.
MERL
MERL
UGX
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MERL to UGX real-time exchange rates, making it easy to convert Merlin Chain (MERL) to Ugandan shilling (UGX). The conversion result is based on real-time data. The conversion result shows that 1 MERL is currently valued at 320.15 UGX. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MERL is currently valued at 320.15 UGX, which means buying 5 MERL would cost 1600.76 UGX. Similarly, Sh1 UGX can be converted to 0.003124 MERL, and Sh50 UGX can be converted to 0.01562 MERL, excluding any platform or gas fees.

Convert MERL to UGX

Convert UGX to MERL

Merlin Chain
Ugandan shilling
10 MERL
3,201.51  UGX
20 MERL
6,403.02  UGX
50 MERL
16,007.55  UGX
100 MERL
32,015.11  UGX
200 MERL
64,030.21  UGX
500 MERL
160,075.54  UGX
1000 MERL
320,151.07  UGX
5000 MERL
1,600,755.35  UGX
10000 MERL
3,201,510.71  UGX
In the table above, you'll find a comprehensive MERL to UGX converter that shows the value of Merlin Chain in Ugandan shilling across commonly used conversion amounts. The list covers conversions from 1 MERL to UGX, all the way up to 10000 MERL, providing a clear view of their respective values.
Ugandan shilling
Merlin Chain
In the table above, you'll find a comprehensive UGX to MERL converter that shows the value of Ugandan shilling in Merlin Chain across commonly used conversion amounts. The list covers conversions from 1 UGX to MERL, all the way up to 100000 UGX, providing a clear view of their respective values.

MERL to UGX chart

MERL/UGX: 1 MERL = 320.15 UGX; 2025/05/04 05:27:01
In the past 1D, Merlin Chain has changed -8.62% to UGX. Based on the trend and price charts, Merlin Chain(MERL) has changed -8.62% to UGX while Ugandan shilling(UGX) has changed % to MERL in the last 24 hours.
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MERL to UGX conversion data: Volatility and price changes of Merlin Chain in UGX

The highest Merlin Chain price in UGX over the past 7 days was 386.32 UGX while the lowest Merlin Chain price in UGX over the past 7 days was 316.63 UGX. The relative change between the highs and lows in Merlin Chain price in UGX over the last 7 days indicates a volatility of %. You can view additional volatility data and MERL to UGX prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
349.99 UGX
386.32 UGX
444.92 UGX
530.87 UGX
Low
313.17 UGX
316.63 UGX
261.31 UGX
261.31 UGX
Average
0 UGX
0 UGX
0 UGX
0 UGX
Volatility
%
%
%
%
Change
-8.62%
-19.02%
+4.92%
+7.21%

Merlin Chain information

MERL to UGX market statistics

MERL/UGX:
Sh320.15
MERL 24h volume:
Sh16,846,234,967.67
MERL market cap:
Sh168,079,304,508.14
MERL circulating supply:
525.00M MERL

Current MERL to UGX exchange rate

Merlin Chain to Ugandan shilling is falling this week.
Merlin Chain's current market price is Sh320.15 per MERL, with a total market cap of Sh168,079,304,508.14 UGX based on a circulating supply of 525,000,000 MERL. The trading volume of Merlin Chain has changed by -22.48% (Sh-4,886,187,465.29 UGX) in the last 24 hours. Last trading day, MERL's trading volume was Sh21,732,422,432.96.

More info about Merlin Chain 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 Merlin Chain currency pair is the MERL to UGX, with for Merlin Chain's currency code being MERL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for UGX.

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How to convert MERL to UGX

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Convert MERL to UGX
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Buy MERL (or USDT) for UGX (Ugandan Shilling) offers
Bitget P2P trading does not currently support direct buying of MERL with UGX. However, you can buy USDT in Bitget P2P trading first, and then buy MERL with USDT via Bitget spot market.
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MERL to UGX Conversion tables

The exchange rate of Merlin Chain is increasing.
The exchange rate of 1 MERL to Ugandan shilling has changed by -19.02% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.62%, reaching a high of 349.99 UGX and a low of 313.17 UGX . One month ago, the value of 1 MERL was Sh305.19 UGX , which represents a +4.92% change from its current value. Over the last year, Merlin Chain has changed by
-Sh
1,863.31UGX
, resulting in a change of -85.37% in its value.
24 hours ago1 month ago1 year ago
Amount05:27 am today24 hours ago24h change
0.5 MERLSh160.08Sh175.14
-8.62%
1 MERLSh320.15Sh350.28
-8.62%
5 MERLSh1,600.76Sh1,751.42
-8.62%
10 MERLSh3,201.51Sh3,502.84
-8.62%
50 MERLSh16,007.55Sh17,514.19
-8.62%
100 MERLSh32,015.11Sh35,028.39
-8.62%
500 MERLSh160,075.54Sh175,141.95
-8.62%
1000 MERLSh320,151.07Sh350,283.9
-8.62%

MERL to UGX FAQ

How much is 1 Merlin Chain in UGX?
Right now, the price of 1 Merlin Chain (MERL) in Ugandan shilling (UGX) is Sh320.15.
How much MERL can I buy for 1 UGX?
Based on the current exchange rate, you can get 0.003124 MERL for 1 UGX.
How do I calculate or convert MERL to UGX?
You can use our MERL to UGX calculator at the top of this page to convert any amount of MERL to UGX. We've also included quick-reference tables for the most popular conversions. For example, 5 UGX is equivalent to 0.01562 MERL, while 5 MERL will cost around 1,600.76UGX.
What is the highest price of MERL/UGX in history?
The all-time high price of 1 MERL in UGX is Sh5,675.41. It remains to be seen if the value of 1 MERL/UGX will exceed the current all-time high.
What is the price trend of Merlin Chain in UGX?
Over the past 7 days, the exchange rate of Merlin Chain (MERL) has gone down by 19.02%.   Over the last month, the exchange rate of Merlin Chain (MERL) has gone up by 4.92% against Ugandan shilling (UGX).

What factors influence the conversion rate of MERL to UGX?

There are many factors that affect the relationship between Merlin Chain 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 MERL/UGX. When there is positive news in the market about the widespread adoption of MERL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MERL/UGX. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MERL/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 MERL/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 Merlin Chain and adjust their investment strategies accordingly in the evolving market.

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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.