Historic Singapore dollar Mongolian Tugrik

Singapore dollar mongolian tugrik history for December 2023. The highest quote for this month is 2585.97 (28/12/2023) and the lowest 2593.29 (28/12/2023). The difference between high and low is -0.28.

SGD MNT average rate for December 2023 is 2568.27778, the change between 01/12/2023 and 31/12/2023 is -0.67 %.

01 December 20231 SGD = 2567.15 MNT
02 December 20231 SGD = 2574.15 MNT
03 December 20231 SGD = 2573.58 MNT
04 December 20231 SGD = 2575.26 MNT
05 December 20231 SGD = 2564.61 MNT
06 December 20231 SGD = 2559.17 MNT
07 December 20231 SGD = 2554.27 MNT
08 December 20231 SGD = 2557.49 MNT
10 December 20231 SGD = 2556.29 MNT
11 December 20231 SGD = 2553.83 MNT
12 December 20231 SGD = 2549.04 MNT
13 December 20231 SGD = 2551.47 MNT
14 December 20231 SGD = 2566.51 MNT
15 December 20231 SGD = 2573.97 MNT
16 December 20231 SGD = 2567.07 MNT
17 December 20231 SGD = 2567.07 MNT
18 December 20231 SGD = 2564.47 MNT
19 December 20231 SGD = 2565.28 MNT
20 December 20231 SGD = 2572.77 MNT
21 December 20231 SGD = 2566.18 MNT
22 December 20231 SGD = 2576.26 MNT
23 December 20231 SGD = 2581.91 MNT
24 December 20231 SGD = 2580.27 MNT
26 December 20231 SGD = 2576.92 MNT
27 December 20231 SGD = 2579.56 MNT
28 December 20231 SGD = 2584.70 MNT
29 December 20231 SGD = 2584.25 MNT

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

01/01/2017: Floating Exchange Rate Regime

Mongolia adopts a fully floating exchange rate regime for the Tugrik, allowing the currency's value to be determined by market forces without intervention from the central bank.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

26/06/2009: Currency Redenomination

Mongolia redenominates its currency, replacing the old Tugrik banknotes with new ones at a ratio of 1 to 1000, in an effort to simplify transactions and reduce inflation.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

06/03/1993: Mongolia Joins IMF

Mongolia becomes a member of the International Monetary Fund (IMF), influencing monetary policies and further shaping the development of the Tugrik currency.

01/07/1992: Tugrik Exchange Rate Liberalization

Mongolia liberalizes the exchange rate of the Tugrik, allowing it to fluctuate based on market forces and paving the way for a more flexible currency system.

21/12/1991: Transition to Market Economy

Mongolia undergoes a transition from a centrally planned economy to a market economy, leading to major changes in the Tugrik currency system.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

04/07/1946: Mongolian People's Bank Established

The Mongolian People's Bank is established as the central bank of Mongolia, responsible for issuing and managing the Tugrik currency.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.
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