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base info Internet Computer

Internet Computer to Mongolian Tugrik Converter and calculator

Convert 1Internet Computer (ICP) to Mongolian Tugrik (MNT) equals ₮ 52,940.09 | 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 Internet Computer(ICP) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 ICP at a value of 1 ICP for 52,940.09 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 Internet Computer currency pair is the ICP to MNT, with for Internet Computer's currency code being ICP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

ICP to MNT conversion rate trend

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In the past 1D, Internet Computer has changed +13.69% to MNT. Based on the trend and price charts, Internet Computer(ICP) has changed +13.69% to MNT while Mongolian Tugrik(MNT) has changed % to ICP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮52,812.94
0.0001% / 0.0004%vip-iconVIP
Binance
₮53,029.95
0.1000% / 0.1000%
Yes
Coinbase Exchange
₮52,819.5
0.1000% / 0.1000%
Yes
OKX
₮52,974.75
0.080% / 0.100%
Yes
Huobi
₮52,888.5
0.1000% / 0.1000%
Yes
Gate.io
₮53,043.75
0.1000% / 0.1000%
Yes
Bybit
₮52,904.37
0.1000% / 0.1000%
Yes
KuCoin
₮52,992
0.1000% / 0.1000%
Yes
Bitfinex
₮52,874.7
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 17:00:38(UTC+0)

What factors influence the conversion rate of Internet Computer to Mongolian Tugrik?

Internet Computer to Mongolian Tugrik is rising this week.
Internet Computer's current market price is ₮ 52,940.09 per ICP, with a total market cap of ₮ 24,505,640,310,277.06 MNT based on a circulating supply of 462,893,800 ICP. The trading volume of Internet Computer has changed by +13.42% (₮ 88,805,016,345.13 MNT) in the last 24 hours. Last trading day, ICP's trading volume was ₮ 661,534,228,329.13.
Market cap
$7.10B
24h volume
$217.49M
Circulating supply
462.89M ICP

Conversion tables

The exchange rate of Internet Computer is increasing.
1 ICP is currently valued at ₮ 52,940.09 MNT , which means buying 5 ICP will cost ₮ 264,700.47 MNT . Similarly, ₮1 MNT can be traded for 0.{4}1889 ICP, and ₮50 MNT can be converted to 0.0009445 ICP, excluding any platform or gas fees.
The exchange rate of 1 ICP to Mongolian Tugrik has changed by +17.65% in the last 7 days. In the last 24 hours, the rate has fluctuated by +13.69%, reaching a high of 54,003.87 MNT and a low of 46,482.18 MNT . One month ago, the value of 1 ICP was ₮ 42,988.38 MNT , which represents a +23.15% change from its current value. Over the last year, Internet Computer has changed by
+
2,222.37MNT
, resulting in a change of +169.17% in its value.

ICP to MNT

Amount
17:01 today
0.5 ICP
26,470.05
1 ICP
52,940.09
5 ICP
264,700.47
10 ICP
529,400.93
50 ICP
2,647,004.65
100 ICP
5,294,009.3
500 ICP
26,470,046.51
1000 ICP
52,940,093.02

MNT to ICP

Amount17:01 today
0.5MNT0.{5}9445  ICP
1MNT0.{4}1889  ICP
5MNT0.{4}9445  ICP
10MNT0.0001889  ICP
50MNT0.0009445  ICP
100MNT0.001889  ICP
500MNT0.009445  ICP
1000MNT0.01889  ICP
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Today vs. 24 hours ago

Amount17:01 today24 hours ago24h change
0.5 ICP$7.67$6.75
+13.69%
1 ICP$15.34$13.5
+13.69%
5 ICP$76.72$67.49
+13.69%
10 ICP$153.45$134.98
+13.69%
50 ICP$767.25$674.88
+13.69%
100 ICP$1,534.5$1,349.77
+13.69%
500 ICP$7,672.48$6,748.85
+13.69%
1000 ICP$15,344.95$13,497.69
+13.69%

Today vs. 1 month ago

Amount17:01 today1 month ago1M change
0.5 ICP$7.67$6.23
+23.15%
1 ICP$15.34$12.46
+23.15%
5 ICP$76.72$62.3
+23.15%
10 ICP$153.45$124.6
+23.15%
50 ICP$767.25$623.02
+23.15%
100 ICP$1,534.5$1,246.04
+23.15%
500 ICP$7,672.48$6,230.2
+23.15%
1000 ICP$15,344.95$12,460.4
+23.15%

Today vs. 1 year ago

Amount17:01 today1 year ago1Y change
0.5 ICP$7.67$2.85
+169.17%
1 ICP$15.34$5.7
+169.17%
5 ICP$76.72$28.5
+169.17%
10 ICP$153.45$57.01
+169.17%
50 ICP$767.25$285.04
+169.17%
100 ICP$1,534.5$570.08
+169.17%
500 ICP$7,672.48$2,850.4
+169.17%
1000 ICP$15,344.95$5,700.79
+169.17%

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.