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base info OKB

OKB to Mongolian Tugrik Converter and calculator

Convert 1OKB (OKB) to Mongolian Tugrik (MNT) equals ₮ 189,203.4 | Bitget

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 OKB currency pair is the OKB to MNT, with for OKB's currency code being OKB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

OKB to MNT conversion rate trend

1D7D1M3M1YAll
In the past 1D, OKB has changed -0.56% to MNT. Based on the trend and price charts, OKB(OKB) has changed -0.56% to MNT while Mongolian Tugrik(MNT) has changed % to OKB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮189,203.4
0.0001% / 0.0004%vip-iconVIP
OKX
₮189,646.5
0.080% / 0.100%
Yes
Gate.io
₮189,681
0.1000% / 0.1000%
Yes
Last updated 2024/04/18 18:00:19(UTC+0)

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

OKB to Mongolian Tugrik is falling this week.
OKB's current market price is ₮ 189,203.4 per OKB, with a total market cap of ₮ 11,352,203,515,407.49 MNT based on a circulating supply of 60,000,000 OKB. The trading volume of OKB has changed by -40.39% (₮ -25,574,023,520.99 MNT) in the last 24 hours. Last trading day, OKB's trading volume was ₮ 63,311,127,639.57.
Market cap
$3.29B
24h volume
$10.94M
Circulating supply
60.00M OKB

Conversion tables

The exchange rate of OKB is decreasing.
1 OKB is currently valued at ₮ 189,203.4 MNT , which means buying 5 OKB will cost ₮ 946,016.98 MNT . Similarly, ₮1 MNT can be traded for 0.{5}5285 OKB, and ₮50 MNT can be converted to 0.0002643 OKB, excluding any platform or gas fees.
The exchange rate of 1 OKB to Mongolian Tugrik has changed by -3.11% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.56%, reaching a high of 193,537.72 MNT and a low of 186,279.96 MNT . One month ago, the value of 1 OKB was ₮ 204,518.73 MNT , which represents a -7.47% change from its current value. Over the last year, OKB has changed by
+
1,911.11MNT
, resulting in a change of +2.91% in its value.

OKB to MNT

Amount
18:03 today
0.5 OKB
94,601.7
1 OKB
189,203.4
5 OKB
946,016.98
10 OKB
1,892,033.96
50 OKB
9,460,169.79
100 OKB
18,920,339.58
500 OKB
94,601,697.9
1000 OKB
189,203,395.8

MNT to OKB

Amount18:03 today
0.5MNT0.{5}2643  OKB
1MNT0.{5}5285  OKB
5MNT0.{4}2643  OKB
10MNT0.{4}5285  OKB
50MNT0.0002643  OKB
100MNT0.0005285  OKB
500MNT0.002643  OKB
1000MNT0.005285  OKB
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Today vs. 24 hours ago

Amount18:03 today24 hours ago24h change
0.5 OKB$27.42$27.58
-0.56%
1 OKB$54.84$55.15
-0.56%
5 OKB$274.21$275.76
-0.56%
10 OKB$548.42$551.52
-0.56%
50 OKB$2,742.08$2,757.62
-0.56%
100 OKB$5,484.16$5,515.25
-0.56%
500 OKB$27,420.78$27,576.23
-0.56%
1000 OKB$54,841.56$55,152.46
-0.56%

Today vs. 1 month ago

Amount18:03 today1 month ago1M change
0.5 OKB$27.42$29.64
-7.47%
1 OKB$54.84$59.28
-7.47%
5 OKB$274.21$296.4
-7.47%
10 OKB$548.42$592.81
-7.47%
50 OKB$2,742.08$2,964.04
-7.47%
100 OKB$5,484.16$5,928.08
-7.47%
500 OKB$27,420.78$29,640.4
-7.47%
1000 OKB$54,841.56$59,280.79
-7.47%

Today vs. 1 year ago

Amount18:03 today1 year ago1Y change
0.5 OKB$27.42$26.64
+2.91%
1 OKB$54.84$53.29
+2.91%
5 OKB$274.21$266.44
+2.91%
10 OKB$548.42$532.88
+2.91%
50 OKB$2,742.08$2,664.38
+2.91%
100 OKB$5,484.16$5,328.76
+2.91%
500 OKB$27,420.78$26,643.81
+2.91%
1000 OKB$54,841.56$53,287.62
+2.91%

FAQ

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