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Speedy to Mongolian Tugrik Converter and calculator

Convert 1Speedy (SPEEDY) to Mongolian Tugrik (MNT) equals ₮ 0.008949 | 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 Speedy(SPEEDY) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 SPEEDY at a value of 1 SPEEDY for 0.01 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 Speedy currency pair is the SPEEDY to MNT, with for Speedy's currency code being SPEEDY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

SPEEDY to MNT conversion rate trend

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In the past 1D, Speedy has changed -12.61% to MNT. Based on the trend and price charts, Speedy(SPEEDY) has changed -12.61% to MNT while Mongolian Tugrik(MNT) has changed % to SPEEDY in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮0.008949
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/05/23 00:52:41(UTC+0)

How to buy Speedy

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Buy Speedy (SPEEDY)
Use a variety of payment options to buy Speedy on Bitget. We'll show you how.

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

Speedy to Mongolian Tugrik is falling this week.
Speedy's current market price is ₮ 0.008949 per SPEEDY, with a total market cap of ₮ 0 MNT based on a circulating supply of -- SPEEDY. The trading volume of Speedy has changed by -10.21% (₮ -138,787,818.35 MNT) in the last 24 hours. Last trading day, SPEEDY's trading volume was ₮ 1,359,545,260.23.
Market cap
$0
24h volume
$353.84K
Circulating supply
0 SPEEDY

Conversion tables

The exchange rate of Speedy is decreasing.
1 SPEEDY is currently valued at ₮ 0.008949 MNT , which means buying 5 SPEEDY will cost ₮ 0.04474 MNT . Similarly, ₮1 MNT can be traded for 111.75 SPEEDY, and ₮50 MNT can be converted to 5,587.44 SPEEDY, excluding any platform or gas fees.
The exchange rate of 1 SPEEDY to Mongolian Tugrik has changed by -22.21% in the last 7 days. In the last 24 hours, the rate has fluctuated by -12.61%, reaching a high of 0.01110 MNT and a low of 0.006965 MNT . One month ago, the value of 1 SPEEDY was ₮ 0.03335 MNT , which represents a -73.16% change from its current value. Over the last year, Speedy has changed by
+
0.008949MNT
, resulting in a change of --% in its value.

SPEEDY to MNT

Amount
00:52 am today
0.5 SPEEDY
0.004474
1 SPEEDY
0.008949
5 SPEEDY
0.04474
10 SPEEDY
0.08949
50 SPEEDY
0.4474
100 SPEEDY
0.8949
500 SPEEDY
4.47
1000 SPEEDY
8.95

MNT to SPEEDY

Amount00:52 am today
0.5MNT55.87  SPEEDY
1MNT111.75  SPEEDY
5MNT558.74  SPEEDY
10MNT1,117.49  SPEEDY
50MNT5,587.44  SPEEDY
100MNT11,174.88  SPEEDY
500MNT55,874.38  SPEEDY
1000MNT111,748.75  SPEEDY
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Today vs. 24 hours ago

Amount00:52 am today24 hours ago24h change
0.5 SPEEDY$0.{5}1297$0.{5}1484
-12.61%
1 SPEEDY$0.{5}2594$0.{5}2968
-12.61%
5 SPEEDY$0.{4}1297$0.{4}1484
-12.61%
10 SPEEDY$0.{4}2594$0.{4}2968
-12.61%
50 SPEEDY$0.0001297$0.0001484
-12.61%
100 SPEEDY$0.0002594$0.0002968
-12.61%
500 SPEEDY$0.001297$0.001484
-12.61%
1000 SPEEDY$0.002594$0.002968
-12.61%

Today vs. 1 month ago

Amount00:52 am today1 month ago1M change
0.5 SPEEDY$0.{5}1297$0.{5}4833
-73.16%
1 SPEEDY$0.{5}2594$0.{5}9665
-73.16%
5 SPEEDY$0.{4}1297$0.{4}4833
-73.16%
10 SPEEDY$0.{4}2594$0.{4}9665
-73.16%
50 SPEEDY$0.0001297$0.0004833
-73.16%
100 SPEEDY$0.0002594$0.0009665
-73.16%
500 SPEEDY$0.001297$0.004833
-73.16%
1000 SPEEDY$0.002594$0.009665
-73.16%
Buy Speedy for 1 MNT
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Today vs. 1 year ago

Amount00:52 am today1 year ago1Y change
0.5 SPEEDY$0.{5}1297$-0.{10}3479
--
1 SPEEDY$0.{5}2594$-0.{10}6958
--
5 SPEEDY$0.{4}1297$-0.{9}3479
--
10 SPEEDY$0.{4}2594$-0.{9}6958
--
50 SPEEDY$0.0001297$-0.{8}3479
--
100 SPEEDY$0.0002594$-0.{8}6958
--
500 SPEEDY$0.001297$-0.{7}3479
--
1000 SPEEDY$0.002594$-0.{7}6958
--

Speedy price prediction

What will the price of SPEEDY be in 2025?

Based on SPEEDY's historical price performance prediction model, the price of SPEEDY is projected to reach -- in 2025.

What will the price of SPEEDY be in 2030?

In 2030, the SPEEDY price is expected to rise by +7.00%. By the end of 2030, the SPEEDY price is projected to reach --, with a cumulative ROI of 0.00%.
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