Today's USD to UGX Price Update

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Summary

This report provides the real-time exchange rate between the U.S. Dollar (USD) and the Ugandan Shilling (UGX), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The U.S. Dollar (USD) is one of the world’s most dominant fiat currencies, while the Ugandan Shilling (UGX) is the official currency of Uganda. The exchange rate between them reflects market sentiment regarding currency valuations and investor confidence in both the U.S. Dollar’s stability and Uganda’s economic conditions.

Today’s Price

  • 1 USD = 3,593.57 UGX
  • 24h High: 3,610.56 UGX
  • 24h Low: 3,605.70 UGX
  • Current Rate: 3,607.85 UGX

Market Analysis

The USD/UGX pair exhibits moderate volatility within a narrow trading range, with the exchange rate fluctuating between the 24-hour lows and highs.

  • Technical levels: Key support near 3,605.70 UGX, resistance at 3,610.56 UGX
  • Risk note: Traders should monitor for potential breakouts beyond the established daily range
  • Trading opportunities: Watch for consolidation patterns within the current range and potential entry points near support levels

Conclusion

Continue to monitor the USD/UGX pair closely for intraday trading opportunities. Traders should remain vigilant for any movements beyond established support and resistance levels, which may signal shifts in market sentiment.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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