Introduction to the Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, symbolized by ₮ and carrying the ISO 4217 code "MNT." This guide provides detailed information about the Tugrik, including its exchange rates, historical context, and practical usage tips for travelers and investors.
Key Details About the Mongolian Tugrik
| Attribute | Value |
|---|---|
| ISO 4217 Code | MNT |
| Country | Mongolia |
| HTML Symbol | ₮ |
| Currency Symbol | ₮ |
Current Exchange Rates (2025)
Below is a snapshot of the Tugrik's exchange rates against major global currencies. Rates are updated regularly to reflect market fluctuations.
| Currency | ISO Code | 1 MNT Equivalent | Daily Change |
|---|---|---|---|
| United States Dollar (USD) | USD | 0.0003 | ±0% |
| Euro (EUR) | EUR | 0.0002 | +0.18% |
| Japanese Yen (JPY) | JPY | 0.04 | +0.28% |
| British Pound (GBP) | GBP | 0.0002 | +0.11% |
| Chinese Yuan (CNY) | CNY | 0.0021 | +0.02% |
👉 Track real-time MNT exchange rates here
Historical Trends and Economic Impact
The Tugrik has experienced moderate fluctuations due to Mongolia’s reliance on commodity exports (e.g., copper and coal). Key factors influencing its value include:
- Global commodity prices
- Foreign direct investment
- Political stability
Practical Tips for Using MNT
- Currency Exchange: Convert USD or EUR to MNT at banks or authorized exchange offices for the best rates.
- Cash vs. Card: While urban areas accept cards, rural regions prefer cash.
- ATMs: Widely available in Ulaanbaatar; check for international transaction fees.
FAQs About the Mongolian Tugrik
Q: Is the Tugrik a stable currency?
A: The Tugrik is moderately volatile, heavily influenced by Mongolia’s export economy and global market conditions.
Q: Where can I exchange MNT outside Mongolia?
A: Major currencies like USD or EUR are easier to exchange; MNT is rarely traded abroad.
Q: What’s the best time to visit Mongolia for favorable exchange rates?
A: Rates are often more favorable during peak tourist seasons (June–August) due to higher liquidity.
👉 Explore travel deals to Mongolia
Conclusion
Understanding the Mongolian Tugrik is essential for travelers and investors engaging with Mongolia’s dynamic economy. Stay informed about exchange rates and economic trends to maximize your financial planning.
Rates sourced from Open Exchange Rates as of July 2025.
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