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XRP to Mongolian Tugrik Converter and calculator

Convert 1XRP (XRP) to Mongolian Tugrik (MNT) equals ₮ 1,781.77 | 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 XRP(XRP) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 XRP at a value of 1 XRP for 1,781.77 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 XRP currency pair is the XRP to MNT, with for XRP's currency code being XRP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

XRP to MNT conversion rate trend

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In the past 1D, XRP has changed +3.64% to MNT. Based on the trend and price charts, XRP(XRP) has changed +3.64% to MNT while Mongolian Tugrik(MNT) has changed % to XRP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮1,780.99
0.0001% / 0.0004%vip-iconVIP
Binance
₮1,781.23
0.1000% / 0.1000%
Yes
Coinbase Exchange
₮1,783.31
0.1000% / 0.1000%
Yes
Kraken
₮1,781.65
0.1000% / 0.1000%
Yes
OKX
₮1,780.89
0.080% / 0.100%
Yes
Huobi
₮1,781.41
0.1000% / 0.1000%
Yes
Gate.io
₮1,780.99
0.1000% / 0.1000%
Yes
Bybit
₮1,780.89
0.1000% / 0.1000%
Yes
KuCoin
₮1,781.27
0.1000% / 0.1000%
Yes
Bitfinex
₮1,784
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 14:00:32(UTC+0)

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

XRP to Mongolian Tugrik is falling this week.
XRP's current market price is ₮ 1,781.77 per XRP, with a total market cap of ₮ 98,227,688,635,579.38 MNT based on a circulating supply of 55,129,145,000 XRP. The trading volume of XRP has changed by -30.01% (₮ -2,083,356,846,888.77 MNT) in the last 24 hours. Last trading day, XRP's trading volume was ₮ 6,941,214,177,537.95.
Market cap
$28.47B
24h volume
$1.41B
Circulating supply
55.13B XRP

Conversion tables

The exchange rate of XRP is decreasing.
1 XRP is currently valued at ₮ 1,781.77 MNT , which means buying 5 XRP will cost ₮ 8,908.87 MNT . Similarly, ₮1 MNT can be traded for 0.0005612 XRP, and ₮50 MNT can be converted to 0.02806 XRP, excluding any platform or gas fees.
The exchange rate of 1 XRP to Mongolian Tugrik has changed by -5.49% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.64%, reaching a high of 1,811.85 MNT and a low of 1,708.96 MNT . One month ago, the value of 1 XRP was ₮ 2,151.08 MNT , which represents a -17.17% change from its current value. Over the last year, XRP has changed by
+
170.84MNT
, resulting in a change of +10.61% in its value.

XRP to MNT

Amount
14:27 today
0.5 XRP
890.89
1 XRP
1,781.77
5 XRP
8,908.87
10 XRP
17,817.74
50 XRP
89,088.71
100 XRP
178,177.42
500 XRP
890,887.12
1000 XRP
1,781,774.23

MNT to XRP

Amount14:27 today
0.5MNT0.0002806  XRP
1MNT0.0005612  XRP
5MNT0.002806  XRP
10MNT0.005612  XRP
50MNT0.02806  XRP
100MNT0.05612  XRP
500MNT0.2806  XRP
1000MNT0.5612  XRP
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Today vs. 24 hours ago

Amount14:27 today24 hours ago24h change
0.5 XRP$0.2582$0.2492
+3.64%
1 XRP$0.5165$0.4983
+3.64%
5 XRP$2.58$2.49
+3.64%
10 XRP$5.16$4.98
+3.64%
50 XRP$25.82$24.92
+3.64%
100 XRP$51.65$49.83
+3.64%
500 XRP$258.23$249.16
+3.64%
1000 XRP$516.46$498.33
+3.64%

Today vs. 1 month ago

Amount14:27 today1 month ago1M change
0.5 XRP$0.2582$0.3118
-17.17%
1 XRP$0.5165$0.6235
-17.17%
5 XRP$2.58$3.12
-17.17%
10 XRP$5.16$6.24
-17.17%
50 XRP$25.82$31.18
-17.17%
100 XRP$51.65$62.35
-17.17%
500 XRP$258.23$311.75
-17.17%
1000 XRP$516.46$623.5
-17.17%

Today vs. 1 year ago

Amount14:27 today1 year ago1Y change
0.5 XRP$0.2582$0.2335
+10.61%
1 XRP$0.5165$0.4669
+10.61%
5 XRP$2.58$2.33
+10.61%
10 XRP$5.16$4.67
+10.61%
50 XRP$25.82$23.35
+10.61%
100 XRP$51.65$46.69
+10.61%
500 XRP$258.23$233.47
+10.61%
1000 XRP$516.46$466.94
+10.61%

FAQ

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