巳升升 to MNT Converter and calculator

Conversion rates
Convert 巳升升 to MNT
Convert MNT to 巳升升
巳升升 to MNT chart
巳升升 to MNT conversion data: Volatility and price changes of 巳升升 in MNT
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
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High | 0 MNT | -- MNT | -- MNT | -- MNT |
Low | 0 MNT | -- MNT | -- MNT | -- MNT |
Average | 0 MNT | 0 MNT | 0 MNT | 0 MNT |
Volatility | % | % | % | % |
Change | -- | -- | -- | -- |
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巳升升 information
巳升升 to MNT market statistics
Current 巳升升 to MNT exchange rate
巳升升 to Mongolian Tugrik is falling this week.More info about 巳升升 on Bitget
Mongolian Tugrik information
About Mongolian Tugrik (MNT)
The Mongolian Tugrik (MNT), introduced in 1925, is more than just the official currency of Mongolia; it represents the country's rich cultural heritage and its journey through economic transitions. It is commonly abbreviated as MNT and represented by the symbol ₮. As Mongolia navigated its path from a Soviet-style economy to a market-oriented system, the Tugrik has played a pivotal role in the nation's socio-economic development.
Historical Background
The introduction of the Tugrik was a significant step in Mongolia's early years as an independent nation, symbolizing its move away from the Chinese and Russian currencies that had previously circulated. The Tugrik's establishment was part of Mongolia's broader efforts to assert its national sovereignty and economic independence.
Design and Symbolism
The design of the Mongolian Tugrik reflects the country's deep historical roots and nomadic culture. Banknotes and coins feature images of historic Mongolian leaders like Genghis Khan and Damdin Sükhbaatar, along with traditional symbols and motifs that celebrate Mongolia's rich history and cultural identity. These designs are not merely for financial transactions; they are imbued with national pride.
Economic Role
The Tugrik plays a crucial role in Mongolia’s economy, characterized by its mining sector, agriculture, and growing service industry. As the primary medium of exchange, it facilitates domestic trade and is vital for everyday economic activities, from urban centers to rural nomadic communities.
Monetary Policy and Inflation
Managed by the Bank of Mongolia, the Tugrik has faced challenges like inflation and currency devaluation, particularly during times of economic uncertainty. The bank's monetary policies aim to stabilize the Tugrik, which is crucial for maintaining economic confidence and fostering investment.
International Trade and the Mongolian Tugrik
The Tugrik’s exchange rate plays a significant role in international trade, particularly for Mongolia's key exports like copper, coal, and cashmere. A stable Tugrik is important for maintaining competitive export prices and fostering a favorable trade balance.
Remittances and the Economy
Remittances from Mongolians working abroad, primarily in South Korea and Japan, are a vital source of foreign income. These remittances, converted into Tugriks, support many families and contribute to the national economy.
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巳升升 to MNT Conversion tables
Amount | 16:17 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 巳升升 | ₮0.2823 | ₮-- | 0.00% |
1 巳升升 | ₮0.5647 | ₮-- | 0.00% |
5 巳升升 | ₮2.82 | ₮-- | 0.00% |
10 巳升升 | ₮5.65 | ₮-- | 0.00% |
50 巳升升 | ₮28.23 | ₮-- | 0.00% |
100 巳升升 | ₮56.47 | ₮-- | 0.00% |
500 巳升升 | ₮282.35 | ₮-- | 0.00% |
1000 巳升升 | ₮564.69 | ₮-- | 0.00% |
巳升升 to MNT FAQ
What factors influence the conversion rate of 巳升升 to MNT?
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The price of 巳升升 in the US is $0.0001570 USD. Additionally, 巳升升’s price is €0.0001340 EUR in the eurozone, £0.0001159 GBP in the UK, C$0.0002173 CAD in Canada, ₹0.01382 INR in India, ₨0.04455 PKR in Pakistan, R$0.0008486 BRL in Brazil, and more.
The most popular 巳升升 currency pair is the 巳升升 to Mongolian Tugrik(MNT). The price of 1 巳升升 (巳升升) in Mongolian Tugrik (MNT) is ₮0.5647.
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