Historic Danish Krone Mongolian Tugrik

Danish Krone mongolian tugrik history for February 2024. The highest quote for this month is 492.3 (03/02/2024) and the lowest 497.09 (02/02/2024). The difference between high and low is -0.97.

DKK MNT average rate for February 2024 is 491.20038, the change between 01/02/2024 and 29/02/2024 is +0.19 %.

01 February 20241 DKK = 492.7 MNT
02 February 20241 DKK = 496.1 MNT
03 February 20241 DKK = 492.3 MNT
04 February 20241 DKK = 492.3 MNT
05 February 20241 DKK = 491.7 MNT
06 February 20241 DKK = 489.5 MNT
07 February 20241 DKK = 490.0 MNT
08 February 20241 DKK = 490.7 MNT
09 February 20241 DKK = 490.9 MNT
12 February 20241 DKK = 491.8 MNT
13 February 20241 DKK = 490.7 MNT
14 February 20241 DKK = 487.7 MNT
15 February 20241 DKK = 488.3 MNT
16 February 20241 DKK = 490.3 MNT
17 February 20241 DKK = 490.4 MNT
18 February 20241 DKK = 490.4 MNT
19 February 20241 DKK = 490.8 MNT
20 February 20241 DKK = 489.9 MNT
21 February 20241 DKK = 491.4 MNT
22 February 20241 DKK = 491.7 MNT
23 February 20241 DKK = 491.9 MNT
25 February 20241 DKK = 492.1 MNT
26 February 20241 DKK = 491.4 MNT
27 February 20241 DKK = 492.7 MNT
28 February 20241 DKK = 492.0 MNT
29 February 20241 DKK = 491.8 MNT

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

01/12/1925: Introduction of the Tugrik Currency

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

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.
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