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base info Arbitrum

Arbitrum to Mongolian Tugrik Converter and calculator

Convert 1Arbitrum (ARB) to Mongolian Tugrik (MNT) equals ₮ 3,963.35 | Bitget

MNT 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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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to MNT, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

ARB to MNT conversion rate trend

1D7D1M3M1YAll
In the past 1D, Arbitrum has changed -0.53% to MNT. Based on the trend and price charts, Arbitrum(ARB) has changed -0.53% to MNT while Mongolian Tugrik(MNT) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮3,903.71
0.0001% / 0.0004%vip-iconVIP
Binance
₮3,907.13
0.1000% / 0.1000%
Yes
OKX
₮3,907.47
0.080% / 0.100%
Yes
Huobi
₮3,906.09
0.1000% / 0.1000%
Yes
Gate.io
₮3,907.13
0.1000% / 0.1000%
Yes
Bybit
₮3,905.4
0.1000% / 0.1000%
Yes
KuCoin
₮3,898.5
0.1000% / 0.1000%
Yes
Bitfinex
₮3,907.47
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 01:00:30(UTC+0)

What factors influence the conversion rate of Arbitrum to Mongolian Tugrik?

Arbitrum to Mongolian Tugrik is falling this week.
Arbitrum's current market price is ₮ 3,963.35 per ARB, with a total market cap of ₮ 10,518,501,691,043.41 MNT based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -21.14% (₮ -561,624,611,105.16 MNT) in the last 24 hours. Last trading day, ARB's trading volume was ₮ 2,657,106,412,567.52.
Market cap
$3.05B
24h volume
$607.39M
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at ₮ 3,963.35 MNT , which means buying 5 ARB will cost ₮ 19,816.77 MNT . Similarly, ₮1 MNT can be traded for 0.0002523 ARB, and ₮50 MNT can be converted to 0.01262 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Mongolian Tugrik has changed by -27.09% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.53%, reaching a high of 4,367.15 MNT and a low of 3,878.43 MNT . One month ago, the value of 1 ARB was ₮ 5,999.9 MNT , which represents a -33.96% change from its current value. Over the last year, Arbitrum has changed by
-
1,735.18MNT
, resulting in a change of -30.46% in its value.

ARB to MNT

Amount
01:28 am today
0.5 ARB
1,981.68
1 ARB
3,963.35
5 ARB
19,816.77
10 ARB
39,633.54
50 ARB
198,167.71
100 ARB
396,335.41
500 ARB
1,981,677.07
1000 ARB
3,963,354.13

MNT to ARB

Amount01:28 am today
0.5MNT0.0001262  ARB
1MNT0.0002523  ARB
5MNT0.001262  ARB
10MNT0.002523  ARB
50MNT0.01262  ARB
100MNT0.02523  ARB
500MNT0.1262  ARB
1000MNT0.2523  ARB
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Today vs. 24 hours ago

Amount01:28 am today24 hours ago24h change
0.5 ARB$0.5744$0.5774
-0.53%
1 ARB$1.15$1.15
-0.53%
5 ARB$5.74$5.77
-0.53%
10 ARB$11.49$11.55
-0.53%
50 ARB$57.44$57.74
-0.53%
100 ARB$114.88$115.49
-0.53%
500 ARB$574.4$577.43
-0.53%
1000 ARB$1,148.8$1,154.86
-0.53%

Today vs. 1 month ago

Amount01:28 am today1 month ago1M change
0.5 ARB$0.5744$0.8696
-33.96%
1 ARB$1.15$1.74
-33.96%
5 ARB$5.74$8.7
-33.96%
10 ARB$11.49$17.39
-33.96%
50 ARB$57.44$86.96
-33.96%
100 ARB$114.88$173.91
-33.96%
500 ARB$574.4$869.55
-33.96%
1000 ARB$1,148.8$1,739.1
-33.96%

Today vs. 1 year ago

Amount01:28 am today1 year ago1Y change
0.5 ARB$0.5744$0.8259
-30.46%
1 ARB$1.15$1.65
-30.46%
5 ARB$5.74$8.26
-30.46%
10 ARB$11.49$16.52
-30.46%
50 ARB$57.44$82.59
-30.46%
100 ARB$114.88$165.17
-30.46%
500 ARB$574.4$825.87
-30.46%
1000 ARB$1,148.8$1,651.75
-30.46%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.