Ugandan shilling to US dollar (UGX/USD)
The rate both ways, how far the shilling has moved against the dollar this year, and what that does to a return earned on the USE. Everything on this page comes from the same snapshot as every other figure on this site — a converter that pulled its own live rate would contradict the stock pages it sits beside.
The rate, both ways
reference rate, 28 Aug 2026, 00:02 UTCMid-market reference rate — the midpoint between buying and selling. No bank, broker or bureau will quote you exactly this figure; the note under the converter below says how wide that gap can run.
This year, against the dollar
since JanuaryThe shilling has weakened 5.0% against the dollar this year — it takes 5.0% more of it to buy a dollar than it did in January.
Why this rate matters on the USE
The Uganda Securities Exchange quotes the 21 listings we track in shilling, and every dollar figure on its pages here is converted at this reference rate. A return earned in shilling and the same return measured in dollars differ by exactly the currency’s move — and on markets like this one that difference is routinely as large as the return itself.
See the Uganda Securities Exchange page for its listings and index, or Africa vs World for every index here adjusted to dollars the same way.
Convert
reference rates, 28 Aug 2026, 00:02 UTC1 UGX = 0.000270 USD
These are mid-market reference rates — the midpoint between buying and selling. No bank, broker or bureau trades at the midpoint, and on thinly traded African currencies the spread you are offered can be several percent wide. Treat this as the yardstick, not as a quote. Where a country operates exchange controls, the official rate may also differ from the rate at which currency can actually be obtained or repatriated.
What a return is actually worth
local currency → dollarsA +40.0% return in UGX was worth +33.3% to a dollar investor this year.
The UGX weakened 5.0% against the dollar since January, which takes 6.7 points off the headline figure.
Computed as (1 + 0.400) ÷ (1 + 0.050) − 1. Subtracting the currency move instead is the common shortcut and it overstates the result — here it would give +35.0%.
Every currency we price in
6 markets · 3 reference| Currency | Market | Per $1 | vs $ this year |
|---|---|---|---|
| BWP | BSEBotswana | 13.585 | +0.3%weaker |
| EGP | EGXEgypt | 50.247 | +5.3%weaker |
| NGN | NGXNigeria | 1,340.0 | -8.3%stronger |
| UGX | USEUganda | 3,703.8 | +5.0%weaker |
| XOF | BRVMUEMOA (8 countries) | 563.0 | +2.1%weaker |
| ZAR | JSESouth Africa | 15.989 | -2.5%stronger |
| CNY | Reference only | 6.737 | -3.9%stronger |
| EUR | Reference only | 0.858 | +1.4%weaker |
| GBP | Reference only | 0.736 | -0.5%stronger |
“Weaker” means it now takes more of that currency to buy a dollar than it did in January — so a return earned in it is worth less to someone holding dollars. This is the single largest reason a headline return on an African market and the return an overseas investor actually received are different numbers.
Every pair we publish
11 pagesAgainst the dollar
naira to dollar (NGN/USD) · rand to dollar (ZAR/USD) · Egyptian pound to dollar (EGP/USD) · CFA franc to dollar (XOF/USD) · pula to dollar (BWP/USD)
Crosses
naira to pound (NGN/GBP) · rand to pound (ZAR/GBP) · rand to euro (ZAR/EUR) · Egyptian pound to euro (EGP/EUR) · CFA franc to euro (XOF/EUR)
Or start from the currency converter, which holds every rate in one table.