Forex Zambia
1 USD = 3,843.2695 UGX
Indicative rate, updated 7 hours ago. Not a live dealing rate - confirm with your broker before trading.
A live technical-analysis reading for USD/UGX, from Strong Sell to Strong Buy, updated automatically by TradingView. Forex has no reliable, freely-published Fear & Greed Index the way stocks or crypto do, so this momentum-based gauge is shown instead.
USD/UGX tracks the US Dollar against the Ugandan Shilling, driven mainly by Bank of Uganda policy and regional trade flows. As a fellow African currency, its moves are a useful comparison point for how the Kwacha is performing against similar economies.
Rates shown here are indicative only, sourced periodically rather than streamed live. Confirm the exact rate with your bank or broker before converting funds or opening a trade.
Latest
3,928.37
25 Sep 2026
Highest since Mar 2024
3,928.37
25 Sep 2026
Lowest since Mar 2024
3,432.38
8 Oct 2025
12-month average
3,666.88
3,432.38 – 3,928.37
Over the past year USD/UGX has risen 12.17%, meaning the USD has strengthened against the UGX. In the last 30 days it has moved up 5.35%. Across the last 12 months it traded between 3,432.38 and 3,928.37. Its highest level in the data window (since March 2024) was 3,928.37 on 25 Sep 2026, and its lowest was 3,432.38 on 8 Oct 2025.
Based on weekly data from 6 Mar 2024 to 25 Sep 2026. Source: Weekly rate snapshots (currency-api). A rising rate means the USD is strengthening against the UGX. Past performance does not predict future results.
A pair's price is one currency's value measured against another, so the economy behind each side matters.
United States · Federal Reserve (Fed) · Free float
The US Dollar is the world's dominant reserve and trading currency. It sits on one side of roughly nine in ten forex trades, and most commodities, including copper, are priced in it.
Uganda · Bank of Uganda (BoU) · Managed float
Uganda's Shilling is driven by coffee and gold exports, remittances and tourism, with the prospect of oil production a longer-term factor.
The US Dollar is a traditional safe haven. In periods of market stress, investors tend to move money into it, which often pushes it higher against the Ugandan Shilling even when local economic data is unchanged. Because the Ugandan Shilling tends to do well when investors are optimistic, USD/UGX is widely watched as a barometer of global risk appetite.
The Ugandan Shilling is an emerging or frontier-market currency. Compared with a major reserve currency, its market is thinner, so shifts in global risk appetite, Dollar liquidity and capital flows can move it faster and further than fundamentals alone would suggest.
Central-bank policy matters on both sides: the Federal Reserve (Fed) and the Bank of Uganda (BoU). When one of them is expected to keep interest rates higher than the other, that currency usually attracts capital and strengthens; a narrowing gap tends to reverse the move.
Typically rises with the Dollar
Usually moves inversely to the Dollar
Risk-off episodes tend to boost the Dollar
Support export earnings
2008 USD
The global financial crisis triggered a surge in safe-haven Dollar demand.
2014–15 USD
The Fed signalled tighter policy while other central banks eased, driving a powerful Dollar rally.
2015 UGX
The Shilling depreciated as the US Dollar strengthened.
2020 USD
In March 2020 a global "dash for Dollars" sent the currency sharply higher before the Fed flooded markets with liquidity.
2022 USD
The fastest Fed hiking cycle in decades pushed the Dollar to a roughly 20-year high, including parity with the Euro.
As a fellow African currency, USD/UGX is a useful yardstick for how the Kwacha is performing against regional economies. It also matters for cross-border trade in Southern and East Africa.
Compare brokers offering these pairs →Most active: New York session (and the London–New York overlap) • Kampala business hours and the London session
1 USD is worth about 3,843.27 UGX (indicative, updated 7 hours ago). Always confirm the exact rate with your bank or broker before you convert or trade.
In the data we track (since 6 Mar 2024), USD/UGX peaked at 3,928.37 on 25 Sep 2026 and bottomed at 3,432.38 on 8 Oct 2025.
USD/UGX is influenced by the relative strength of the US Dollar and the Ugandan Shilling. Key factors include: Federal Reserve interest-rate policy, US inflation and jobs data, Coffee and gold exports, Oil project developments. See the sections above for the full list.
Activity and liquidity are typically highest during: New York session (and the London–New York overlap) • Kampala business hours and the London session. Spreads are usually tighter when the relevant markets are open.
USD/UGX can be more volatile or carry wider spreads than the major pairs, so it usually suits experienced traders better. If you are new, start with a demo account and a major pair. Trading forex carries a high risk of loss.
This page is educational and is not investment advice. Rates, statistics and commentary are indicative and may contain errors or be out of date. Forex and CFD trading carries a high risk of loss.