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UGX to EUR - Ugandan Shilling to Euro Converter

Convert Ugandan Shilling to Euro with daily ECB exchange rates

1 UGX = ~0.000236 EUR (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

UGX to EUR can shift with Uganda’s inflation and policy moves. Mental math is unreliable; check live rates before large transfers.

Set alerts and compare multiple providers to lock in favorable terms.

⚠️ Always verify before exchanges📊 Monitor policy announcements🔔 Set rate alerts

Common UGX - EUR Conversions

Forex Market Hours

Sydney
22:00 - 07:00 UTC
Closed
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Active
New York
13:00 - 22:00 UTC
Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

Factors include central bank policy in Uganda and the euro area, inflation gaps, trade volumes with the EU, political stability, and global market sentiment. These shape demand for UGX versus EUR and currency risk.

Economic Context

Trading Relationship

Uganda sources many European imports like machinery and vehicles while exporting coffee and tea to Europe. The UGX/EUR rate influences prices for inputs and the competitiveness of Ugandan goods in Eurozone markets.

Key Rate Factors

  • •Central bank policy decisions (Bank of Uganda policy stance)
  • •Inflation differentials between Uganda and the Eurozone
  • •Uganda-EU trade balance and tariffs
  • •Political stability and governance indicators
  • •Global risk sentiment affecting currency flows

Central Banks

Bank of Uganda
Kampala, Uganda
Sets monetary policy and regulates banks; manages money supply to support price stability and financial system health.
European Central Bank
Frankfurt, Germany
Sets euro-area monetary policy; controls interest rates and money supply to maintain price stability for member states.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates