Convert United States Dollar to Ugandan Shilling
Please provide values below to convert United States Dollar [USD] to Ugandan Shilling [UGX], or Convert Ugandan Shilling to United States Dollar.
How to Convert United States Dollar to Ugandan Shilling
1 USD = 0.00028040512708437 UGX
Example: convert 15 USD to UGX:
15 USD = 15 × 0.00028040512708437 UGX = 0.00420607690626556 UGX
United States Dollar to Ugandan Shilling Conversion Table
| United States Dollar | Ugandan Shilling |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.