Currency exchange rate Uganda Shilling against the NEM. Chart, history price and prediction on tomorrow, next month, 2024 year

On this page, you can always find detailed information about the Uganda Shilling currency exchange rate against the NEM currency:
currency exchange rate history, background information, prediction and more about UGX/XEM

Chart of History of changes in the UGX/XEM exchange rate

UGX/XEM exchange rate on today

05 23, 2024
1 UGX = 0.00677359 XEM
▲ 1.23 %

This page provides information about the currency pair Uganda Shilling/NEM, and more precisely about how much 1 Uganda Shilling costs in NEM.

Data on the currency pair UGX/XEM are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair UGX/XEM and make a balanced decision about buying and selling the currency you are interested in.

The page also provides information about the dynamics of the exchange rate of Uganda Shilling/NEM, statistics and prediction of the exchange rate of these currencies in the near future from our experts.

How to make a forecast for currencies and cryptocurrencies?

There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:

  1. Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.

  2. Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.

  3. Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.

  4. Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.

In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.

Change in the UGX/XEM exchange rate over the past 30 days

For the last 30 days (04 24, 2024 — 05 23, 2024) the Uganda Shilling exchange rate against the NEM currency changed by 7.71% (0.00628901 XEM — 0.00677359 XEM)

Change in the UGX/XEM exchange rate over the past 90 days

For the last 90 days (02 24, 2024 — 05 23, 2024) the Uganda Shilling exchange rate against the NEM currency changed by 2.65% (0.00659904 XEM — 0.00677359 XEM)

Change in the UGX/XEM exchange rate over the past 365 days

For the last 365 days (05 25, 2023 — 05 23, 2024) the Uganda Shilling exchange rate against the NEM currency changed by -20.79% (0.00855118 XEM — 0.00677359 XEM)

Change in the UGX/XEM exchange rate for all time

For all the time our site has been running (04 10, 2020 — 05 23, 2024) the Uganda Shilling exchange rate against the NEM currency changed by -0.19% (0.00678642 XEM — 0.00677359 XEM)

Uganda Shilling/NEM price prediction

Uganda Shilling/NEM price prediction for the next 30 days*

24/05 0.00673133 XEM ▼ -0.62 %
25/05 0.00699615 XEM ▲ 3.93 %
26/05 0.00714647 XEM ▲ 2.15 %
27/05 0.00724571 XEM ▲ 1.39 %
28/05 0.00705925 XEM ▼ -2.57 %
29/05 0.00740514 XEM ▲ 4.9 %
30/05 0.00759485 XEM ▲ 2.56 %
31/05 0.00772045 XEM ▲ 1.65 %
01/06 0.00756735 XEM ▼ -1.98 %
02/06 0.00721638 XEM ▼ -4.64 %
03/06 0.00705148 XEM ▼ -2.29 %
04/06 0.00700499 XEM ▼ -0.66 %
05/06 0.00685481 XEM ▼ -2.14 %
06/06 0.0069271 XEM ▲ 1.05 %
07/06 0.00707709 XEM ▲ 2.17 %
08/06 0.00707594 XEM ▼ -0.02 %
09/06 0.00704082 XEM ▼ -0.5 %
10/06 0.00715218 XEM ▲ 1.58 %
11/06 0.00738625 XEM ▲ 3.27 %
12/06 0.00758068 XEM ▲ 2.63 %
13/06 0.00756872 XEM ▼ -0.16 %
14/06 0.00736627 XEM ▼ -2.67 %
15/06 0.00719081 XEM ▼ -2.38 %
16/06 0.00695305 XEM ▼ -3.31 %
17/06 0.00682542 XEM ▼ -1.84 %
18/06 0.00706184 XEM ▲ 3.46 %
19/06 0.00692809 XEM ▼ -1.89 %
20/06 0.00663013 XEM ▼ -4.3 %
21/06 0.0066559 XEM ▲ 0.39 %
22/06 0.00674903 XEM ▲ 1.4 %

* — Price prediction of the Uganda Shilling/NEM currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.

Uganda Shilling/NEM price prediction for the next 3 months*

27/05 — 02/06 0.00641986 XEM ▼ -5.22 %
03/06 — 09/06 0.00738077 XEM ▲ 14.97 %
10/06 — 16/06 0.00698417 XEM ▼ -5.37 %
17/06 — 23/06 0.0071865 XEM ▲ 2.9 %
24/06 — 30/06 0.00723116 XEM ▲ 0.62 %
01/07 — 07/07 0.00968294 XEM ▲ 33.91 %
08/07 — 14/07 0.00896529 XEM ▼ -7.41 %
15/07 — 21/07 0.00980329 XEM ▲ 9.35 %
22/07 — 28/07 0.00937998 XEM ▼ -4.32 %
29/07 — 04/08 0.01094148 XEM ▲ 16.65 %
05/08 — 11/08 0.00972025 XEM ▼ -11.16 %
12/08 — 18/08 0.00950256 XEM ▼ -2.24 %

Uganda Shilling/NEM price prediction for the next year*

06/2024 0.0065094 XEM ▼ -3.9 %
07/2024 0.0065412 XEM ▲ 0.49 %
08/2024 0.007671 XEM ▲ 17.27 %
09/2024 0.00676568 XEM ▼ -11.8 %
10/2024 0.00564678 XEM ▼ -16.54 %
11/2024 0.00490523 XEM ▼ -13.13 %
12/2024 0.00445496 XEM ▼ -9.18 %
01/2025 0.00492745 XEM ▲ 10.61 %
02/2025 0.00375238 XEM ▼ -23.85 %
03/2025 0.00342597 XEM ▼ -8.7 %
04/2025 0.00479061 XEM ▲ 39.83 %
05/2025 0.0042957 XEM ▼ -10.33 %

Uganda Shilling/NEM exchange rate statistics

For 30 days
Minimum 0.00649097 XEM
Maximum 0.00747897 XEM
Weighted Average 0.00698988 XEM
For 90 days
Minimum 0.00453386 XEM
Maximum 0.00747897 XEM
Weighted Average 0.00611149 XEM
For 365 days
Minimum 0.00453386 XEM
Maximum 0.01109131 XEM
Weighted Average 0.00805834 XEM

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Our expert

All forecasts on our website are made by our professional financial experts. Here are just a few of them:

Anthony Carter Anthony Carter CEO, lead analyst
David Bailey David Bailey Managing Director, Director of research Department
Anthony Glenn Anthony Glenn Deputy head of analytical Department
Joseph Hensley Joseph Hensley Senior analyst, markets and equities Department