Historic New Zealand Dollar Mongolian Tugrik

New Zealand Dollar mongolian tugrik history for February 2024. The highest quote for this month is 2098.89 (24/02/2024) and the lowest 2106.28 (22/02/2024). The difference between high and low is -0.35.

NZD MNT average rate for February 2024 is 2078.87, the change between 01/02/2024 and 29/02/2024 is +0.77 %.

01 February 20241 NZD = 2078.00 MNT
02 February 20241 NZD = 2089.79 MNT
03 February 20241 NZD = 2062.97 MNT
04 February 20241 NZD = 2064.10 MNT
05 February 20241 NZD = 2061.82 MNT
06 February 20241 NZD = 2056.71 MNT
07 February 20241 NZD = 2072.39 MNT
08 February 20241 NZD = 2074.84 MNT
09 February 20241 NZD = 2073.69 MNT
12 February 20241 NZD = 2087.18 MNT
13 February 20241 NZD = 2080.37 MNT
14 February 20241 NZD = 2056.46 MNT
15 February 20241 NZD = 2065.86 MNT
16 February 20241 NZD = 2073.01 MNT
17 February 20241 NZD = 2078.27 MNT
18 February 20241 NZD = 2079.03 MNT
19 February 20241 NZD = 2081.56 MNT
20 February 20241 NZD = 2081.47 MNT
21 February 20241 NZD = 2089.88 MNT
22 February 20241 NZD = 2093.28 MNT
23 February 20241 NZD = 2098.33 MNT
24 February 20241 NZD = 2098.89 MNT
25 February 20241 NZD = 2100.58 MNT
26 February 20241 NZD = 2094.64 MNT
27 February 20241 NZD = 2087.23 MNT
28 February 20241 NZD = 2087.17 MNT
29 February 20241 NZD = 2061.97 MNT

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

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.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.

01/12/1925: Introduction of the Tugrik Currency

Mongolia officially introduces the Tugrik as its national currency, replacing the previous currency system.
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