Historic Danish Krone Mongolian Tugrik

Danish Krone mongolian tugrik history for January 2024. The highest quote for this month is 505.03 (01/01/2024) and the lowest 505.23 (02/01/2024). The difference between high and low is -0.04.

DKK MNT average rate for January 2024 is 498.95, the change between 01/01/2024 and 31/01/2024 is +2.04 %.

01 January 20241 DKK = 505.1 MNT
02 January 20241 DKK = 505.0 MNT
03 January 20241 DKK = 500.6 MNT
04 January 20241 DKK = 499.4 MNT
05 January 20241 DKK = 500.5 MNT
06 January 20241 DKK = 500.3 MNT
07 January 20241 DKK = 500.3 MNT
08 January 20241 DKK = 500.2 MNT
09 January 20241 DKK = 500.6 MNT
10 January 20241 DKK = 499.8 MNT
11 January 20241 DKK = 501.7 MNT
12 January 20241 DKK = 502.1 MNT
14 January 20241 DKK = 500.8 MNT
15 January 20241 DKK = 500.4 MNT
16 January 20241 DKK = 500.1 MNT
17 January 20241 DKK = 497.2 MNT
18 January 20241 DKK = 497.2 MNT
19 January 20241 DKK = 497.0 MNT
22 January 20241 DKK = 497.7 MNT
23 January 20241 DKK = 496.9 MNT
24 January 20241 DKK = 496.2 MNT
25 January 20241 DKK = 497.2 MNT
26 January 20241 DKK = 495.3 MNT
28 January 20241 DKK = 495.4 MNT
29 January 20241 DKK = 495.2 MNT
30 January 20241 DKK = 494.5 MNT
31 January 20241 DKK = 494.8 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.
DKK MNT January 2024
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