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base info Injective

Injective to Mongolian Tugrik Converter and calculator

Convert 1Injective (INJ) to Mongolian Tugrik (MNT) equals ₮ 101,022.62 | 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 Injective(INJ) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 INJ at a value of 1 INJ for 101,022.62 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 Injective currency pair is the INJ to MNT, with for Injective's currency code being INJ. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

INJ to MNT conversion rate trend

1D7D1M3M1YAll
In the past 1D, Injective has changed +4.81% to MNT. Based on the trend and price charts, Injective(INJ) has changed +4.81% to MNT while Mongolian Tugrik(MNT) has changed % to INJ in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮98,454.03
0.0001% / 0.0004%vip-iconVIP
Binance
₮98,635.5
0.1000% / 0.1000%
Yes
OKX
₮98,676.9
0.080% / 0.100%
Yes
Huobi
₮98,479.9
0.1000% / 0.1000%
Yes
Gate.io
₮98,428.5
0.1000% / 0.1000%
Yes
Bybit
₮98,659.65
0.1000% / 0.1000%
Yes
KuCoin
₮98,387.1
0.1000% / 0.1000%
Yes
Bitfinex
₮98,676.9
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 17:00:38(UTC+0)

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

Injective to Mongolian Tugrik is rising this week.
Injective's current market price is ₮ 101,022.62 per INJ, with a total market cap of ₮ 9,435,512,614,562.55 MNT based on a circulating supply of 93,400,000 INJ. The trading volume of Injective has changed by -36.07% (₮ -221,120,074,648.94 MNT) in the last 24 hours. Last trading day, INJ's trading volume was ₮ 613,016,829,815.1.
Market cap
$2.73B
24h volume
$113.59M
Circulating supply
93.40M INJ

Conversion tables

The exchange rate of Injective is decreasing.
1 INJ is currently valued at ₮ 101,022.62 MNT , which means buying 5 INJ will cost ₮ 505,113.12 MNT . Similarly, ₮1 MNT can be traded for 0.{5}9899 INJ, and ₮50 MNT can be converted to 0.0004949 INJ, excluding any platform or gas fees.
The exchange rate of 1 INJ to Mongolian Tugrik has changed by +19.22% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.81%, reaching a high of 101,046.85 MNT and a low of 94,638.51 MNT . One month ago, the value of 1 INJ was ₮ 129,531.59 MNT , which represents a -22.01% change from its current value. Over the last year, Injective has changed by
+
5,722.07MNT
, resulting in a change of +283.90% in its value.

INJ to MNT

Amount
17:46 today
0.5 INJ
50,511.31
1 INJ
101,022.62
5 INJ
505,113.12
10 INJ
1,010,226.24
50 INJ
5,051,131.2
100 INJ
10,102,262.4
500 INJ
50,511,312
1000 INJ
101,022,624

MNT to INJ

Amount17:46 today
0.5MNT0.{5}4949  INJ
1MNT0.{5}9899  INJ
5MNT0.{4}4949  INJ
10MNT0.{4}9899  INJ
50MNT0.0004949  INJ
100MNT0.0009899  INJ
500MNT0.004949  INJ
1000MNT0.009899  INJ
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Today vs. 24 hours ago

Amount17:46 today24 hours ago24h change
0.5 INJ$14.64$13.97
+4.81%
1 INJ$29.28$27.94
+4.81%
5 INJ$146.41$139.69
+4.81%
10 INJ$292.82$279.38
+4.81%
50 INJ$1,464.1$1,396.89
+4.81%
100 INJ$2,928.19$2,793.79
+4.81%
500 INJ$14,640.96$13,968.93
+4.81%
1000 INJ$29,281.92$27,937.87
+4.81%

Today vs. 1 month ago

Amount17:46 today1 month ago1M change
0.5 INJ$14.64$18.77
-22.01%
1 INJ$29.28$37.55
-22.01%
5 INJ$146.41$187.73
-22.01%
10 INJ$292.82$375.45
-22.01%
50 INJ$1,464.1$1,877.27
-22.01%
100 INJ$2,928.19$3,754.54
-22.01%
500 INJ$14,640.96$18,772.69
-22.01%
1000 INJ$29,281.92$37,545.39
-22.01%

Today vs. 1 year ago

Amount17:46 today1 year ago1Y change
0.5 INJ$14.64$3.81
+283.90%
1 INJ$29.28$7.62
+283.90%
5 INJ$146.41$38.12
+283.90%
10 INJ$292.82$76.23
+283.90%
50 INJ$1,464.1$381.17
+283.90%
100 INJ$2,928.19$762.34
+283.90%
500 INJ$14,640.96$3,811.68
+283.90%
1000 INJ$29,281.92$7,623.35
+283.90%

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.