Historic Georgian Lari Mongolian Tugrik

Georgian Lari mongolian tugrik history for February 2024. The highest quote for this month is 1288.22 (17/02/2024) and the lowest 1288.22 (17/02/2024). The difference between high and low is 0.

GEL MNT average rate for February 2024 is 1281.97583, the change between 01/02/2024 and 29/02/2024 is -0.27 %.

01 February 20241 GEL = 1272.52 MNT
02 February 20241 GEL = 1274.94 MNT
03 February 20241 GEL = 1278.92 MNT
05 February 20241 GEL = 1278.70 MNT
06 February 20241 GEL = 1279.86 MNT
07 February 20241 GEL = 1281.00 MNT
08 February 20241 GEL = 1281.91 MNT
09 February 20241 GEL = 1282.47 MNT
12 February 20241 GEL = 1283.91 MNT
13 February 20241 GEL = 1284.78 MNT
14 February 20241 GEL = 1285.06 MNT
15 February 20241 GEL = 1285.63 MNT
16 February 20241 GEL = 1287.20 MNT
17 February 20241 GEL = 1288.22 MNT
19 February 20241 GEL = 1288.22 MNT
20 February 20241 GEL = 1286.04 MNT
21 February 20241 GEL = 1285.00 MNT
22 February 20241 GEL = 1282.91 MNT
23 February 20241 GEL = 1282.70 MNT
24 February 20241 GEL = 1281.49 MNT
26 February 20241 GEL = 1280.97 MNT
27 February 20241 GEL = 1280.78 MNT
28 February 20241 GEL = 1278.29 MNT
29 February 20241 GEL = 1275.90 MNT

13/03/2020: COVID-19 Impact

The outbreak of the COVID-19 pandemic caused global economic uncertainty, leading to a decline in the value of the Georgian Lari and affecting the country's financial stability.

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.

25/01/2016: Currency Restructuring

The National Bank of Georgia implemented currency restructuring measures to stabilize the value of the Lari and restore confidence in the national currency.

10/03/2011: Lari Depreciation

The Georgian Lari experienced a sharp depreciation, reaching a record low against the U.S. dollar, due to various economic factors and a global financial crisis.

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.

13/08/2008: Russian Invasion

During the Russo-Georgian War, the Georgian Lari faced significant devaluation due to the economic and political instability caused by the invasion.

01/01/2002: Euro Conversion Rate

The conversion rate of 1 Euro = 1936.27 GEL was fixed, as Georgia adopted the Euro as its main reference currency.

27/04/1999: Introduction of New Lari

The New Lari was introduced as the second and current official currency of Georgia, replacing the old Lari at a rate of 1 New Lari = 1,000 old Lari.

25/07/1995: Introduction of the Lari

The Georgian Lari was introduced as the official currency of Georgia, replacing the Russian ruble at a rate of 1 Lari = 1 million rubles.

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.