Historic Japanese Yen Mongolian Tugrik

Japanese Yen mongolian tugrik history for November 2023. The highest quote for this month is 24.96 (09/11/2023) and the lowest 23.409 (29/11/2023). The difference between high and low is 6.21.

JPY MNT average rate for November 2023 is 23.05455, the change between 01/11/2023 and 30/11/2023 is -2.44 %.

01 November 20231 JPY = 22.79 MNT
06 November 20231 JPY = 23.06 MNT
07 November 20231 JPY = 22.97 MNT
08 November 20231 JPY = 22.91 MNT
09 November 20231 JPY = 25.01 MNT
10 November 20231 JPY = 22.75 MNT
12 November 20231 JPY = 22.75 MNT
13 November 20231 JPY = 22.72 MNT
14 November 20231 JPY = 22.70 MNT
15 November 20231 JPY = 22.87 MNT
16 November 20231 JPY = 22.75 MNT
17 November 20231 JPY = 22.83 MNT
20 November 20231 JPY = 22.94 MNT
21 November 20231 JPY = 23.18 MNT
22 November 20231 JPY = 23.20 MNT
23 November 20231 JPY = 23.00 MNT
24 November 20231 JPY = 22.97 MNT
26 November 20231 JPY = 23.00 MNT
27 November 20231 JPY = 22.97 MNT
28 November 20231 JPY = 23.14 MNT
29 November 20231 JPY = 23.35 MNT
30 November 20231 JPY = 23.35 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.

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

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.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

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.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.

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.