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IOTA to Mongolian Tugrik Converter and calculator

Convert 1IOTA (IOTA) to Mongolian Tugrik (MNT) equals ₮ 783.71 | 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 IOTA(IOTA) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 IOTA at a value of 1 IOTA for 783.71 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 IOTA currency pair is the IOTA to MNT, with for IOTA's currency code being IOTA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

IOTA to MNT conversion rate trend

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In the past 1D, IOTA has changed -0.16% to MNT. Based on the trend and price charts, IOTA(IOTA) has changed -0.16% to MNT while Mongolian Tugrik(MNT) has changed % to IOTA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮783.71
0.0001% / 0.0004%vip-iconVIP
Binance
₮785.91
0.1000% / 0.1000%
Yes
OKX
₮784.88
0.080% / 0.100%
Yes
Huobi
₮841.8
0.1000% / 0.1000%
Yes
Gate.io
₮784.88
0.1000% / 0.1000%
Yes
KuCoin
₮785.91
0.1000% / 0.1000%
Yes
Last updated 2024/05/27 03:00:25(UTC+0)

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

IOTA to Mongolian Tugrik is rising this week.
IOTA's current market price is ₮ 783.71 per IOTA, with a total market cap of ₮ 2,560,988,971,754.36 MNT based on a circulating supply of 3,267,780,900 IOTA. The trading volume of IOTA has changed by -3.22% (₮ -1,240,325,605.49 MNT) in the last 24 hours. Last trading day, IOTA's trading volume was ₮ 38,526,607,612.85.
Market cap
$742.32M
24h volume
$10.81M
Circulating supply
3.27B IOTA

Conversion tables

The exchange rate of IOTA is decreasing.
1 IOTA is currently valued at ₮ 783.71 MNT , which means buying 5 IOTA will cost ₮ 3,918.54 MNT . Similarly, ₮1 MNT can be traded for 0.001276 IOTA, and ₮50 MNT can be converted to 0.06380 IOTA, excluding any platform or gas fees.
The exchange rate of 1 IOTA to Mongolian Tugrik has changed by +9.93% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.16%, reaching a high of 791.91 MNT and a low of 769.84 MNT . One month ago, the value of 1 IOTA was ₮ 791.22 MNT , which represents a -0.95% change from its current value. Over the last year, IOTA has changed by
+
97.04MNT
, resulting in a change of +14.13% in its value.

IOTA to MNT

Amount
03:37 am today
0.5 IOTA
391.85
1 IOTA
783.71
5 IOTA
3,918.54
10 IOTA
7,837.09
50 IOTA
39,185.44
100 IOTA
78,370.89
500 IOTA
391,854.45
1000 IOTA
783,708.9

MNT to IOTA

Amount03:37 am today
0.5MNT0.0006380  IOTA
1MNT0.001276  IOTA
5MNT0.006380  IOTA
10MNT0.01276  IOTA
50MNT0.06380  IOTA
100MNT0.1276  IOTA
500MNT0.6380  IOTA
1000MNT1.28  IOTA
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Today vs. 24 hours ago

Amount03:37 am today24 hours ago24h change
0.5 IOTA$0.1136$0.1138
-0.16%
1 IOTA$0.2272$0.2275
-0.16%
5 IOTA$1.14$1.14
-0.16%
10 IOTA$2.27$2.28
-0.16%
50 IOTA$11.36$11.38
-0.16%
100 IOTA$22.72$22.75
-0.16%
500 IOTA$113.58$113.76
-0.16%
1000 IOTA$227.16$227.51
-0.16%

Today vs. 1 month ago

Amount03:37 am today1 month ago1M change
0.5 IOTA$0.1136$0.1147
-0.95%
1 IOTA$0.2272$0.2293
-0.95%
5 IOTA$1.14$1.15
-0.95%
10 IOTA$2.27$2.29
-0.95%
50 IOTA$11.36$11.47
-0.95%
100 IOTA$22.72$22.93
-0.95%
500 IOTA$113.58$114.67
-0.95%
1000 IOTA$227.16$229.34
-0.95%
Buy IOTA for 1 MNT
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Today vs. 1 year ago

Amount03:37 am today1 year ago1Y change
0.5 IOTA$0.1136$0.09952
+14.13%
1 IOTA$0.2272$0.1990
+14.13%
5 IOTA$1.14$0.9952
+14.13%
10 IOTA$2.27$1.99
+14.13%
50 IOTA$11.36$9.95
+14.13%
100 IOTA$22.72$19.9
+14.13%
500 IOTA$113.58$99.52
+14.13%
1000 IOTA$227.16$199.04
+14.13%

IOTA price prediction

What will the price of IOTA be in 2025?

Based on IOTA's historical price performance prediction model, the price of IOTA is projected to reach $0.3060 in 2025.

What will the price of IOTA be in 2030?

In 2030, the IOTA price is expected to rise by +2.00%. By the end of 2030, the IOTA price is projected to reach $0.6444, with a cumulative ROI of +183.66%.
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