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base info First Digital USD

First Digital USD to Mongolian Tugrik Converter and calculator

Convert 1First Digital USD (FDUSD) to Mongolian Tugrik (MNT) equals ₮ 3,451.96 | 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 First Digital USD(FDUSD) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 FDUSD at a value of 1 FDUSD for 3,451.96 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 First Digital USD currency pair is the FDUSD to MNT, with for First Digital USD's currency code being FDUSD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

FDUSD to MNT conversion rate trend

1D7D1M3M1YAll
In the past 1D, First Digital USD has changed -0.08% to MNT. Based on the trend and price charts, First Digital USD(FDUSD) has changed -0.08% to MNT while Mongolian Tugrik(MNT) has changed % to FDUSD in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮3,451.96
0.0001% / 0.0004%vip-iconVIP
Binance
₮3,447.93
0.1000% / 0.1000%
Yes
Gate.io
₮3,447.59
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 01:00:25(UTC+0)

What factors influence the conversion rate of First Digital USD to Mongolian Tugrik?

First Digital USD to Mongolian Tugrik is falling this week.
First Digital USD's current market price is ₮ 3,451.96 per FDUSD, with a total market cap of ₮ 12,388,268,893,939.59 MNT based on a circulating supply of 3,588,766,500 FDUSD. The trading volume of First Digital USD has changed by -44.68% (₮ -14,647,501,401,016.32 MNT) in the last 24 hours. Last trading day, FDUSD's trading volume was ₮ 32,782,687,343,089.21.
Market cap
$3.59B
24h volume
$5.26B
Circulating supply
3.59B FDUSD

Conversion tables

The exchange rate of First Digital USD is increasing.
1 FDUSD is currently valued at ₮ 3,451.96 MNT , which means buying 5 FDUSD will cost ₮ 17,259.79 MNT . Similarly, ₮1 MNT can be traded for 0.0002897 FDUSD, and ₮50 MNT can be converted to 0.01448 FDUSD, excluding any platform or gas fees.
The exchange rate of 1 FDUSD to Mongolian Tugrik has changed by -0.19% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.08%, reaching a high of 3,457.49 MNT and a low of 3,444.11 MNT . One month ago, the value of 1 FDUSD was ₮ 3,450.05 MNT , which represents a +0.06% change from its current value. Over the last year, First Digital USD has changed by
+
3,449.88MNT
, resulting in a change of --% in its value.

FDUSD to MNT

Amount
01:59 am today
0.5 FDUSD
1,725.98
1 FDUSD
3,451.96
5 FDUSD
17,259.79
10 FDUSD
34,519.57
50 FDUSD
172,597.86
100 FDUSD
345,195.72
500 FDUSD
1,725,978.59
1000 FDUSD
3,451,957.18

MNT to FDUSD

Amount01:59 am today
0.5MNT0.0001448  FDUSD
1MNT0.0002897  FDUSD
5MNT0.001448  FDUSD
10MNT0.002897  FDUSD
50MNT0.01448  FDUSD
100MNT0.02897  FDUSD
500MNT0.1448  FDUSD
1000MNT0.2897  FDUSD
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Today vs. 24 hours ago

Amount01:59 am today24 hours ago24h change
0.5 FDUSD$0.5003$0.5007
-0.08%
1 FDUSD$1$1
-0.08%
5 FDUSD$5$5.01
-0.08%
10 FDUSD$10.01$10.01
-0.08%
50 FDUSD$50.03$50.07
-0.08%
100 FDUSD$100.06$100.13
-0.08%
500 FDUSD$500.28$500.67
-0.08%
1000 FDUSD$1,000.57$1,001.34
-0.08%

Today vs. 1 month ago

Amount01:59 am today1 month ago1M change
0.5 FDUSD$0.5003$0.5000
+0.06%
1 FDUSD$1$1
+0.06%
5 FDUSD$5$5
+0.06%
10 FDUSD$10.01$10
+0.06%
50 FDUSD$50.03$50
+0.06%
100 FDUSD$100.06$100
+0.06%
500 FDUSD$500.28$500.01
+0.06%
1000 FDUSD$1,000.57$1,000.01
+0.06%

Today vs. 1 year ago

Amount01:59 am today1 year ago1Y change
0.5 FDUSD$0.5003$0.0003016
--
1 FDUSD$1$0.0006031
--
5 FDUSD$5$0.003016
--
10 FDUSD$10.01$0.006031
--
50 FDUSD$50.03$0.03016
--
100 FDUSD$100.06$0.06031
--
500 FDUSD$500.28$0.3016
--
1000 FDUSD$1,000.57$0.6031
--

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.