Historic Mongolian Tugrik Tongan paʻanga

Mongolian Tugrik tongan paʻanga history for January 2024. The highest quote for this month is 0.000694 (23/01/2024) and the lowest 0.00069 (28/01/2024). The difference between high and low is 0.58.

MNT TOP average rate for January 2024 is 0.00068, the change between 01/01/2024 and 31/01/2024 is -2.37 %.

01 January 20241 MNT = 0.0007 TOP
02 January 20241 MNT = 0.0007 TOP
03 January 20241 MNT = 0.0007 TOP
04 January 20241 MNT = 0.0007 TOP
05 January 20241 MNT = 0.0007 TOP
06 January 20241 MNT = 0.0007 TOP
07 January 20241 MNT = 0.0007 TOP
08 January 20241 MNT = 0.0007 TOP
09 January 20241 MNT = 0.0007 TOP
10 January 20241 MNT = 0.0007 TOP
11 January 20241 MNT = 0.0007 TOP
12 January 20241 MNT = 0.0007 TOP
14 January 20241 MNT = 0.0007 TOP
15 January 20241 MNT = 0.0007 TOP
16 January 20241 MNT = 0.0007 TOP
17 January 20241 MNT = 0.0007 TOP
18 January 20241 MNT = 0.0007 TOP
19 January 20241 MNT = 0.0007 TOP
22 January 20241 MNT = 0.0007 TOP
23 January 20241 MNT = 0.0007 TOP
24 January 20241 MNT = 0.0007 TOP
25 January 20241 MNT = 0.0007 TOP
26 January 20241 MNT = 0.0007 TOP
28 January 20241 MNT = 0.0007 TOP
29 January 20241 MNT = 0.0007 TOP
30 January 20241 MNT = 0.0007 TOP
31 January 20241 MNT = 0.0007 TOP

01/04/2020: 50th Anniversary of the Paʻanga

Tonga celebrated the 50th anniversary of the introduction of the paʻanga as its national currency.

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.

29/07/2014: Second Devaluation of the Paʻanga

Another devaluation occurred, this time by 20%, as part of Tonga's economic reform program.

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.

14/03/2008: Currency Redenomination

Tonga redenominated its currency, removing three zeros from the paʻanga to simplify monetary transactions.

16/11/2006: Riot and Currency Crisis

Civil unrest and riots erupted in Tonga, leading to a currency crisis and a temporary suspension of trading the paʻanga.

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.

01/04/1991: First Devaluation of the Paʻanga

The paʻanga was devalued by 25% in an attempt to boost Tonga's economy and improve trade competitiveness.

04/06/1975: Independence of Tonga

Tonga gained full independence from the United Kingdom, further solidifying the status of the paʻanga as its national currency.

01/04/1967: Introduction of the Paʻanga

The Tongan paʻanga was introduced as the official currency, replacing the pound at a rate of 1 pound = 2 paʻanga.

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.
MNT TOP August 2023
MNT TOP September 2023
MNT TOP October 2023
MNT TOP November 2023
MNT TOP December 2023
MNT TOP January 2024
MNT TOP February 2024
MNT TOP March 2024
MNT TOP April 2024
MNT TOP May 2024
MNT TOP June 2024
MNT TOP July 2024
MNT TOP August 2024