United States dollar mongolian tugrik history for August 2023. The highest quote for this month is 3472.74 (20/08/2023) and the lowest 3472.74 (20/08/2023). The difference between high and low is 0.
USD MNT average rate for August 2023 is 3467.83455, the change between 01/08/2023 and 31/08/2023 is -0.52 %.
| 01 August 2023 | 1 USD = 3454.55 MNT |
| 04 August 2023 | 1 USD = 3465.09 MNT |
| 07 August 2023 | 1 USD = 3465.56 MNT |
| 08 August 2023 | 1 USD = 3465.56 MNT |
| 10 August 2023 | 1 USD = 3468.10 MNT |
| 12 August 2023 | 1 USD = 3469.54 MNT |
| 14 August 2023 | 1 USD = 3469.54 MNT |
| 15 August 2023 | 1 USD = 3470.54 MNT |
| 17 August 2023 | 1 USD = 3472.44 MNT |
| 20 August 2023 | 1 USD = 3472.74 MNT |
| 21 August 2023 | 1 USD = 3472.52 MNT |
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.
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.
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.
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.