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Polygon to Mongolian Tugrik Converter and calculator

Convert 1Polygon (MATIC) to Mongolian Tugrik (MNT) equals ₮ 2,543.08 | 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 Polygon(MATIC) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 MATIC at a value of 1 MATIC for 2,543.08 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 Polygon currency pair is the MATIC to MNT, with for Polygon's currency code being MATIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

MATIC to MNT conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed +9.32% to MNT. Based on the trend and price charts, Polygon(MATIC) has changed +9.32% to MNT while Mongolian Tugrik(MNT) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮2,510.46
0.0001% / 0.0004%vip-iconVIP
Binance
₮2,520.57
0.1000% / 0.1000%
Yes
Coinbase Exchange
₮2,521.95
0.1000% / 0.1000%
Yes
Kraken
₮2,511.26
0.1000% / 0.1000%
Yes
OKX
₮2,520.22
0.080% / 0.100%
Yes
Huobi
₮2,520.57
0.1000% / 0.1000%
Yes
Gate.io
₮2,520.57
0.1000% / 0.1000%
Yes
Bybit
₮2,509.88
0.1000% / 0.1000%
Yes
KuCoin
₮2,519.53
0.1000% / 0.1000%
Yes
Bitfinex
₮2,520.54
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 19:00:34(UTC+0)

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

Polygon to Mongolian Tugrik is rising this week.
Polygon's current market price is ₮ 2,543.08 per MATIC, with a total market cap of ₮ 25,163,098,553,494.5 MNT based on a circulating supply of 9,894,740,000 MATIC. The trading volume of Polygon has changed by -38.17% (₮ -540,833,284,005.89 MNT) in the last 24 hours. Last trading day, MATIC's trading volume was ₮ 1,416,810,183,235.85.
Market cap
$7.29B
24h volume
$253.91M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at ₮ 2,543.08 MNT , which means buying 5 MATIC will cost ₮ 12,715.39 MNT . Similarly, ₮1 MNT can be traded for 0.0003932 MATIC, and ₮50 MNT can be converted to 0.01966 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Mongolian Tugrik has changed by +4.81% in the last 7 days. In the last 24 hours, the rate has fluctuated by +9.32%, reaching a high of 2,545.36 MNT and a low of 2,291.91 MNT . One month ago, the value of 1 MATIC was ₮ 3,409.05 MNT , which represents a -25.40% change from its current value. Over the last year, Polygon has changed by
-
955.15MNT
, resulting in a change of -27.30% in its value.

MATIC to MNT

Amount
19:52 today
0.5 MATIC
1,271.54
1 MATIC
2,543.08
5 MATIC
12,715.39
10 MATIC
25,430.78
50 MATIC
127,153.92
100 MATIC
254,307.85
500 MATIC
1,271,539.24
1000 MATIC
2,543,078.49

MNT to MATIC

Amount19:52 today
0.5MNT0.0001966  MATIC
1MNT0.0003932  MATIC
5MNT0.001966  MATIC
10MNT0.003932  MATIC
50MNT0.01966  MATIC
100MNT0.03932  MATIC
500MNT0.1966  MATIC
1000MNT0.3932  MATIC
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Today vs. 24 hours ago

Amount19:52 today24 hours ago24h change
0.5 MATIC$0.3686$0.3372
+9.32%
1 MATIC$0.7371$0.6743
+9.32%
5 MATIC$3.69$3.37
+9.32%
10 MATIC$7.37$6.74
+9.32%
50 MATIC$36.86$33.72
+9.32%
100 MATIC$73.71$67.43
+9.32%
500 MATIC$368.56$337.16
+9.32%
1000 MATIC$737.12$674.31
+9.32%

Today vs. 1 month ago

Amount19:52 today1 month ago1M change
0.5 MATIC$0.3686$0.4941
-25.40%
1 MATIC$0.7371$0.9881
-25.40%
5 MATIC$3.69$4.94
-25.40%
10 MATIC$7.37$9.88
-25.40%
50 MATIC$36.86$49.41
-25.40%
100 MATIC$73.71$98.81
-25.40%
500 MATIC$368.56$494.07
-25.40%
1000 MATIC$737.12$988.13
-25.40%

Today vs. 1 year ago

Amount19:52 today1 year ago1Y change
0.5 MATIC$0.3686$0.5070
-27.30%
1 MATIC$0.7371$1.01
-27.30%
5 MATIC$3.69$5.07
-27.30%
10 MATIC$7.37$10.14
-27.30%
50 MATIC$36.86$50.7
-27.30%
100 MATIC$73.71$101.4
-27.30%
500 MATIC$368.56$506.99
-27.30%
1000 MATIC$737.12$1,013.98
-27.30%

FAQ

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