Magic Bags to MNT Converter and calculator

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Convert Magic Bags to MNT
Convert MNT to Magic Bags
Magic Bags to MNT chart
Magic Bags to MNT conversion data: Volatility and price changes of Magic Bags in MNT
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 20.77 MNT | -- MNT | -- MNT | -- MNT |
Low | 0.8626 MNT | -- MNT | -- MNT | -- MNT |
Average | 0 MNT | 0 MNT | 0 MNT | 0 MNT |
Volatility | % | % | % | % |
Change | -0.84% | -- | -- | -- |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Magic Bags to MNT market statistics
Current Magic Bags to MNT exchange rate
Magic Bags to Mongolian Tugrik is falling this week.More info about Magic Bags 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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Magic Bags to MNT Conversion tables
Amount | 00:33 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 Magic Bags | ₮0.4667 | ₮-- | -0.84% |
1 Magic Bags | ₮0.9334 | ₮-- | -0.84% |
5 Magic Bags | ₮4.67 | ₮-- | -0.84% |
10 Magic Bags | ₮9.33 | ₮-- | -0.84% |
50 Magic Bags | ₮46.67 | ₮-- | -0.84% |
100 Magic Bags | ₮93.34 | ₮-- | -0.84% |
500 Magic Bags | ₮466.71 | ₮-- | -0.84% |
1000 Magic Bags | ₮933.42 | ₮-- | -0.84% |
Magic Bags to MNT FAQ
What factors influence the conversion rate of Magic Bags to MNT?
Popular exchange rates — Crypto-to-Fiat converter
The price of Magic Bags in the US is $0.0002594 USD. Additionally, Magic Bags’s price is €0.0002209 EUR in the eurozone, £0.0001926 GBP in the UK, C$0.0003575 CAD in Canada, ₹0.02286 INR in India, ₨0.07371 PKR in Pakistan, R$0.001382 BRL in Brazil, and more.
The most popular Magic Bags currency pair is the Magic Bags to Mongolian Tugrik(MNT). The price of 1 Magic Bags (Magic Bags) in Mongolian Tugrik (MNT) is ₮0.9334.
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