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) serves as the official currency of Uganda. The exchange rate between them reflects market sentiment regarding Uganda’s economic conditions and investor confidence in currency stability.

Today’s Price

  • 1 USD = 3,512.67 UGX
  • 24h High: 3,540.26 UGX
  • 24h Low: 3,539.85 UGX

Market Analysis

Recent USD/UGX price movements reflect ongoing market dynamics in the currency pair. Technical analysis indicates the pair is currently trading within a horizontal trend range.

  • Technical levels: Key support at 3,662.80 UGX, with potential upside targeting 3,700.00 UGX if support holds
  • Trading range: Current horizontal trend suggests the pair may trade between 3,386.74 and 3,540.29 UGX
  • Current rating: USD/UGX is rated as a Strong Sell based on technical indicators

Conclusion

Continue to monitor the USD/UGX pair closely, integrating technical analysis with key support and resistance levels. Traders should remain attentive to potential range-bound opportunities and watch for breakout signals around established support zones.

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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