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EGO to Mongolian Tugrik Converter and calculator

Convert 1EGO (EGO) to Mongolian Tugrik (MNT) equals ₮ 151.27 | 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 EGO(EGO) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 EGO at a value of 1 EGO for 151.27 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 EGO currency pair is the EGO to MNT, with for EGO's currency code being EGO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

EGO to MNT conversion rate trend

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In the past 1D, EGO has changed +8.99% to MNT. Based on the trend and price charts, EGO(EGO) has changed +8.99% to MNT while Mongolian Tugrik(MNT) has changed % to EGO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮152.15
0.0001% / 0.0004%vip-iconVIP
Bybit
₮152.04
0.1000% / 0.1000%
Yes
KuCoin
₮152.04
0.1000% / 0.1000%
Yes
Last updated 2024/05/25 17:00:27(UTC+0)

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

EGO to Mongolian Tugrik is rising this week.
EGO's current market price is ₮ 151.27 per EGO, with a total market cap of ₮ 8,563,017,513.1 MNT based on a circulating supply of 56,608,820 EGO. The trading volume of EGO has changed by +64.05% (₮ 2,142,616,007.11 MNT) in the last 24 hours. Last trading day, EGO's trading volume was ₮ 3,345,328,514.72.
Market cap
$2.48M
24h volume
$1.59M
Circulating supply
56.61M EGO

Conversion tables

The exchange rate of EGO is decreasing.
1 EGO is currently valued at ₮ 151.27 MNT , which means buying 5 EGO will cost ₮ 756.33 MNT . Similarly, ₮1 MNT can be traded for 0.006611 EGO, and ₮50 MNT can be converted to 0.3305 EGO, excluding any platform or gas fees.
The exchange rate of 1 EGO to Mongolian Tugrik has changed by +32.65% in the last 7 days. In the last 24 hours, the rate has fluctuated by +8.99%, reaching a high of 155.25 MNT and a low of 132.1 MNT . One month ago, the value of 1 EGO was ₮ 181.44 MNT , which represents a -16.62% change from its current value. Over the last year, EGO has changed by
+
151.41MNT
, resulting in a change of --% in its value.

EGO to MNT

Amount
17:24 today
0.5 EGO
75.63
1 EGO
151.27
5 EGO
756.33
10 EGO
1,512.66
50 EGO
7,563.32
100 EGO
15,126.65
500 EGO
75,633.25
1000 EGO
151,266.49

MNT to EGO

Amount17:24 today
0.5MNT0.003305  EGO
1MNT0.006611  EGO
5MNT0.03305  EGO
10MNT0.06611  EGO
50MNT0.3305  EGO
100MNT0.6611  EGO
500MNT3.31  EGO
1000MNT6.61  EGO
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Today vs. 24 hours ago

Amount17:24 today24 hours ago24h change
0.5 EGO$0.02192$0.02011
+8.99%
1 EGO$0.04385$0.04023
+8.99%
5 EGO$0.2192$0.2011
+8.99%
10 EGO$0.4385$0.4023
+8.99%
50 EGO$2.19$2.01
+8.99%
100 EGO$4.38$4.02
+8.99%
500 EGO$21.92$20.11
+8.99%
1000 EGO$43.85$40.23
+8.99%

Today vs. 1 month ago

Amount17:24 today1 month ago1M change
0.5 EGO$0.02192$0.02630
-16.62%
1 EGO$0.04385$0.05259
-16.62%
5 EGO$0.2192$0.2630
-16.62%
10 EGO$0.4385$0.5259
-16.62%
50 EGO$2.19$2.63
-16.62%
100 EGO$4.38$5.26
-16.62%
500 EGO$21.92$26.3
-16.62%
1000 EGO$43.85$52.59
-16.62%
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Today vs. 1 year ago

Amount17:24 today1 year ago1Y change
0.5 EGO$0.02192$-0.{4}2020
--
1 EGO$0.04385$-0.{4}4040
--
5 EGO$0.2192$-0.0002020
--
10 EGO$0.4385$-0.0004040
--
50 EGO$2.19$-0.002020
--
100 EGO$4.38$-0.004040
--
500 EGO$21.92$-0.02020
--
1000 EGO$43.85$-0.04040
--

EGO price prediction

What will the price of EGO be in 2025?

Based on EGO's historical price performance prediction model, the price of EGO is projected to reach $0.04643 in 2025.

What will the price of EGO be in 2030?

In 2030, the EGO price is expected to rise by -1.00%. By the end of 2030, the EGO price is projected to reach $0.1157, with a cumulative ROI of +163.94%.
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