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base info NEAR Protocol

NEAR Protocol to Mongolian Tugrik Converter and calculator

Convert 1NEAR Protocol (NEAR) to Mongolian Tugrik (MNT) equals ₮ 21,779.16 | 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 NEAR Protocol(NEAR) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 NEAR at a value of 1 NEAR for 21,779.16 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 NEAR Protocol currency pair is the NEAR to MNT, with for NEAR Protocol's currency code being NEAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

NEAR to MNT conversion rate trend

1D7D1M3M1YAll
In the past 1D, NEAR Protocol has changed +12.48% to MNT. Based on the trend and price charts, NEAR Protocol(NEAR) has changed +12.48% to MNT while Mongolian Tugrik(MNT) has changed % to NEAR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮21,617.7
0.0001% / 0.0004%vip-iconVIP
Binance
₮21,624.6
0.1000% / 0.1000%
Yes
Coinbase Exchange
₮21,510.75
0.1000% / 0.1000%
Yes
OKX
₮21,641.85
0.080% / 0.100%
Yes
Huobi
₮21,625.98
0.1000% / 0.1000%
Yes
Gate.io
₮21,628.05
0.1000% / 0.1000%
Yes
Bybit
₮21,611.15
0.1000% / 0.1000%
Yes
KuCoin
₮21,629.43
0.1000% / 0.1000%
Yes
Bitfinex
₮21,592.86
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 02:00:37(UTC+0)

What factors influence the conversion rate of NEAR Protocol to Mongolian Tugrik?

NEAR Protocol to Mongolian Tugrik is rising this week.
NEAR Protocol's current market price is ₮ 21,779.16 per NEAR, with a total market cap of ₮ 23,181,918,045,122.74 MNT based on a circulating supply of 1,064,408,260 NEAR. The trading volume of NEAR Protocol has changed by -23.18% (₮ -386,215,980,933.29 MNT) in the last 24 hours. Last trading day, NEAR's trading volume was ₮ 1,666,253,849,151.53.
Market cap
$6.72B
24h volume
$371.03M
Circulating supply
1.06B NEAR

Conversion tables

The exchange rate of NEAR Protocol is increasing.
1 NEAR is currently valued at ₮ 21,779.16 MNT , which means buying 5 NEAR will cost ₮ 108,895.8 MNT . Similarly, ₮1 MNT can be traded for 0.{4}4592 NEAR, and ₮50 MNT can be converted to 0.002296 NEAR, excluding any platform or gas fees.
The exchange rate of 1 NEAR to Mongolian Tugrik has changed by +24.27% in the last 7 days. In the last 24 hours, the rate has fluctuated by +12.48%, reaching a high of 21,896.45 MNT and a low of 19,208.23 MNT . One month ago, the value of 1 NEAR was ₮ 21,684.61 MNT , which represents a +0.44% change from its current value. Over the last year, NEAR Protocol has changed by
+
1,351.04MNT
, resulting in a change of +229.29% in its value.

NEAR to MNT

Amount
02:59 am today
0.5 NEAR
10,889.58
1 NEAR
21,779.16
5 NEAR
108,895.8
10 NEAR
217,791.6
50 NEAR
1,088,958
100 NEAR
2,177,916
500 NEAR
10,889,580
1000 NEAR
21,779,160

MNT to NEAR

Amount02:59 am today
0.5MNT0.{4}2296  NEAR
1MNT0.{4}4592  NEAR
5MNT0.0002296  NEAR
10MNT0.0004592  NEAR
50MNT0.002296  NEAR
100MNT0.004592  NEAR
500MNT0.02296  NEAR
1000MNT0.04592  NEAR
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Today vs. 24 hours ago

Amount02:59 am today24 hours ago24h change
0.5 NEAR$3.16$2.81
+12.48%
1 NEAR$6.31$5.61
+12.48%
5 NEAR$31.56$28.07
+12.48%
10 NEAR$63.13$56.13
+12.48%
50 NEAR$315.64$280.65
+12.48%
100 NEAR$631.28$561.3
+12.48%
500 NEAR$3,156.4$2,806.52
+12.48%
1000 NEAR$6,312.8$5,613.03
+12.48%

Today vs. 1 month ago

Amount02:59 am today1 month ago1M change
0.5 NEAR$3.16$3.14
+0.44%
1 NEAR$6.31$6.29
+0.44%
5 NEAR$31.56$31.43
+0.44%
10 NEAR$63.13$62.85
+0.44%
50 NEAR$315.64$314.27
+0.44%
100 NEAR$631.28$628.54
+0.44%
500 NEAR$3,156.4$3,142.7
+0.44%
1000 NEAR$6,312.8$6,285.39
+0.44%

Today vs. 1 year ago

Amount02:59 am today1 year ago1Y change
0.5 NEAR$3.16$0.9606
+229.29%
1 NEAR$6.31$1.92
+229.29%
5 NEAR$31.56$9.61
+229.29%
10 NEAR$63.13$19.21
+229.29%
50 NEAR$315.64$96.06
+229.29%
100 NEAR$631.28$192.12
+229.29%
500 NEAR$3,156.4$960.6
+229.29%
1000 NEAR$6,312.8$1,921.19
+229.29%

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.