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Cardano to Mongolian Tugrik Converter and calculator

Convert 1Cardano (ADA) to Mongolian Tugrik (MNT) equals ₮ 1,736.75 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Cardano(ADA) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 ADA at a value of 1 ADA for 1,736.75 MNT . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Cardano currency pair is the ADA to MNT, with for Cardano's currency code being ADA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

ADA to MNT conversion rate trend

1D7D1M3M1YAll
In the past 1D, Cardano has changed +5.09% to MNT. Based on the trend and price charts, Cardano(ADA) has changed +5.09% to MNT while Mongolian Tugrik(MNT) has changed % to ADA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮1,741.36
0.0001% / 0.0004%vip-iconVIP
Binance
₮1,740.87
0.1000% / 0.1000%
Yes
Coinbase Exchange
₮1,742.25
0.1000% / 0.1000%
Yes
Kraken
₮1,739.97
0.1000% / 0.1000%
Yes
OKX
₮1,741.56
0.080% / 0.100%
Yes
Huobi
₮1,740.76
0.1000% / 0.1000%
Yes
Gate.io
₮1,741.56
0.1000% / 0.1000%
Yes
Bybit
₮1,742.6
0.1000% / 0.1000%
Yes
KuCoin
₮1,741.56
0.1000% / 0.1000%
Yes
Bitfinex
₮1,739.46
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 12:00:34(UTC+0)

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

Cardano to Mongolian Tugrik is rising this week.
Cardano's current market price is ₮ 1,736.75 per ADA, with a total market cap of ₮ 61,871,228,470,808.99 MNT based on a circulating supply of 35,624,630,000 ADA. The trading volume of Cardano has changed by -27.28% (₮ -517,329,584,479.52 MNT) in the last 24 hours. Last trading day, ADA's trading volume was ₮ 1,896,119,223,561.11.
Market cap
$17.93B
24h volume
$399.65M
Circulating supply
35.62B ADA

Conversion tables

The exchange rate of Cardano is decreasing.
1 ADA is currently valued at ₮ 1,736.75 MNT , which means buying 5 ADA will cost ₮ 8,683.77 MNT . Similarly, ₮1 MNT can be traded for 0.0005758 ADA, and ₮50 MNT can be converted to 0.02879 ADA, excluding any platform or gas fees.
The exchange rate of 1 ADA to Mongolian Tugrik has changed by +9.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.09%, reaching a high of 1,767.32 MNT and a low of 1,653.93 MNT . One month ago, the value of 1 ADA was ₮ 2,145.24 MNT , which represents a -19.04% change from its current value. Over the last year, Cardano has changed by
+
390.13MNT
, resulting in a change of +28.96% in its value.

ADA to MNT

Amount
12:19 today
0.5 ADA
868.38
1 ADA
1,736.75
5 ADA
8,683.77
10 ADA
17,367.54
50 ADA
86,837.72
100 ADA
173,675.44
500 ADA
868,377.18
1000 ADA
1,736,754.36

MNT to ADA

Amount12:19 today
0.5MNT0.0002879  ADA
1MNT0.0005758  ADA
5MNT0.002879  ADA
10MNT0.005758  ADA
50MNT0.02879  ADA
100MNT0.05758  ADA
500MNT0.2879  ADA
1000MNT0.5758  ADA
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Today vs. 24 hours ago

Amount12:19 today24 hours ago24h change
0.5 ADA$0.2517$0.2395
+5.09%
1 ADA$0.5034$0.4790
+5.09%
5 ADA$2.52$2.4
+5.09%
10 ADA$5.03$4.79
+5.09%
50 ADA$25.17$23.95
+5.09%
100 ADA$50.34$47.9
+5.09%
500 ADA$251.7$239.5
+5.09%
1000 ADA$503.41$479
+5.09%

Today vs. 1 month ago

Amount12:19 today1 month ago1M change
0.5 ADA$0.2517$0.3109
-19.04%
1 ADA$0.5034$0.6218
-19.04%
5 ADA$2.52$3.11
-19.04%
10 ADA$5.03$6.22
-19.04%
50 ADA$25.17$31.09
-19.04%
100 ADA$50.34$62.18
-19.04%
500 ADA$251.7$310.9
-19.04%
1000 ADA$503.41$621.81
-19.04%

Today vs. 1 year ago

Amount12:19 today1 year ago1Y change
0.5 ADA$0.2517$0.1952
+28.96%
1 ADA$0.5034$0.3903
+28.96%
5 ADA$2.52$1.95
+28.96%
10 ADA$5.03$3.9
+28.96%
50 ADA$25.17$19.52
+28.96%
100 ADA$50.34$39.03
+28.96%
500 ADA$251.7$195.16
+28.96%
1000 ADA$503.41$390.33
+28.96%

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.