UGX black market rate on Oct 16, 2026: 4,073 per USD
On Friday, October 16, 2026, the US dollar traded at about 4,073 UGX on Uganda's parallel (black) market at the close of observations. The day opened at 3,960 UGX, reached a high of 4,091 and a low of 3,857, a trading range of 233.96 UGX (6.07%).
Across 288 observations, the average price to buy dollars was 3,984 UGX and the average price received when selling dollars was 4,132 UGX. Over the session the Ugandan Shilling weakened against the dollar (+2.85% from open to close).
Official rate vs black market rate on Oct 16, 2026
The official exchange rate published for Uganda on this date was 4,000 UGX per USD. The parallel-market close of 4,073 UGX therefore implied a premium of +1.84% over the official rate — a narrow gap, indicating the two markets were close to converged.
How Oct 16, 2026 compares
Compared with the previous observed day (Oct 15, 2026, close 3,966 UGX), the rate moved +2.70%.
One week earlier (Oct 9, 2026) the close was 4,050 UGX, so the weekly change was +0.57%.
Thirty days earlier (Sep 16, 2026) the close was 3,701 UGX, a +10.07% move over the month.
How this daily figure is produced
ETCurrency samples Uganda's USD/UGX parallel market throughout the day from peer-to-peer stablecoin order books and, where available, community submissions. Each sample is filtered for outliers and aggregated into a single buy and sell quote; the figures above are the first, highest, lowest and last of those aggregated quotes for Oct 16, 2026 (UTC).
USDT peer-to-peer prices closely track cash dollar prices in most parallel markets but are not identical to them: payment-method fees, merchant margins and local demand for stablecoins can all add a few tenths of a percent.
Frequently asked questions
- What was the dollar to Ugandan Shilling black market rate on Oct 16, 2026?
- The USD to UGX parallel market rate closed at approximately 4,073 UGX per US dollar on Friday, October 16, 2026, after trading between 3,857 and 4,091 UGX.
- How much did the UGX move against the dollar that day?
- From an open of 3,960 to a close of 4,073 UGX, the parallel rate moved +2.85% on Oct 16, 2026.
- What was the gap between the official and black market UGX rate on that date?
- The official rate was 4,000 UGX per USD versus a parallel close of 4,073 UGX, a premium of +1.84%.
- Was the UGX black market rate higher or lower than the day before?
- Higher: the previous observed close was 3,966 UGX on Oct 15, 2026, a change of +2.70%.
Figures are aggregated parallel-market observations for Uganda in UTC and are indicative only; they are not a quote to trade. See the full USD → Ugandan Shilling history or today's live rate.