Historic Mongolian Tugrik United States dollar

Mongolian Tugrik united states dollar history for October 2023. The highest quote for this month is 0.00029 (13/10/2023) and the lowest 0.00029 (13/10/2023). The difference between high and low is 0.

MNT USD average rate for October 2023 is 0.00029, the change between 01/10/2023 and 31/10/2023 is -0.35 %.

01 October 20231 MNT = 0.0003 USD
03 October 20231 MNT = 0.0003 USD
04 October 20231 MNT = 0.0003 USD
06 October 20231 MNT = 0.0003 USD
07 October 20231 MNT = 0.0003 USD
09 October 20231 MNT = 0.0003 USD
10 October 20231 MNT = 0.0003 USD
11 October 20231 MNT = 0.0003 USD
13 October 20231 MNT = 0.0003 USD
16 October 20231 MNT = 0.0003 USD
17 October 20231 MNT = 0.0003 USD
18 October 20231 MNT = 0.0003 USD
19 October 20231 MNT = 0.0003 USD
20 October 20231 MNT = 0.0003 USD
21 October 20231 MNT = 0.0003 USD
22 October 20231 MNT = 0.0003 USD
23 October 20231 MNT = 0.0003 USD
24 October 20231 MNT = 0.0003 USD
25 October 20231 MNT = 0.0003 USD
26 October 20231 MNT = 0.0003 USD
27 October 20231 MNT = 0.0003 USD
29 October 20231 MNT = 0.0003 USD
30 October 20231 MNT = 0.0003 USD
31 October 20231 MNT = 0.0003 USD

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.

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.