Historic Singapore dollar Mongolian Tugrik

Singapore dollar mongolian tugrik history for January 2024. The highest quote for this month is 2585.74 (01/01/2024) and the lowest 2586.16 (02/01/2024). The difference between high and low is -0.02.

SGD MNT average rate for January 2024 is 2554.16667, the change between 01/01/2024 and 31/01/2024 is +1.78 %.

01 January 20241 SGD = 2585.74 MNT
02 January 20241 SGD = 2584.98 MNT
03 January 20241 SGD = 2571.55 MNT
04 January 20241 SGD = 2566.43 MNT
05 January 20241 SGD = 2564.66 MNT
06 January 20241 SGD = 2565.02 MNT
07 January 20241 SGD = 2565.02 MNT
08 January 20241 SGD = 2564.18 MNT
09 January 20241 SGD = 2566.04 MNT
10 January 20241 SGD = 2561.72 MNT
11 January 20241 SGD = 2561.75 MNT
12 January 20241 SGD = 2564.23 MNT
14 January 20241 SGD = 2560.19 MNT
15 January 20241 SGD = 2559.59 MNT
16 January 20241 SGD = 2554.98 MNT
17 January 20241 SGD = 2539.07 MNT
18 January 20241 SGD = 2533.87 MNT
19 January 20241 SGD = 2535.13 MNT
22 January 20241 SGD = 2541.88 MNT
23 January 20241 SGD = 2538.15 MNT
24 January 20241 SGD = 2540.90 MNT
25 January 20241 SGD = 2543.13 MNT
26 January 20241 SGD = 2539.67 MNT
28 January 20241 SGD = 2538.89 MNT
29 January 20241 SGD = 2536.46 MNT
30 January 20241 SGD = 2539.53 MNT
31 January 20241 SGD = 2539.74 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.
SGD MNT August 2023
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SGD MNT January 2024
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