Historic North Korean won Mongolian Tugrik

North Korean won mongolian tugrik history for January 2024. The highest quote for this month is 3.7971 (03/01/2024) and the lowest 3.7897 (01/01/2024). The difference between high and low is 0.19.

KPW MNT average rate for January 2024 is 3.78629, the change between 01/01/2024 and 31/01/2024 is +0.27 %.

01 January 20241 KPW = 3.790 MNT
02 January 20241 KPW = 3.789 MNT
03 January 20241 KPW = 3.790 MNT
04 January 20241 KPW = 3.788 MNT
05 January 20241 KPW = 3.788 MNT
06 January 20241 KPW = 3.788 MNT
07 January 20241 KPW = 3.788 MNT
08 January 20241 KPW = 3.788 MNT
09 January 20241 KPW = 3.788 MNT
10 January 20241 KPW = 3.788 MNT
11 January 20241 KPW = 3.788 MNT
12 January 20241 KPW = 3.788 MNT
14 January 20241 KPW = 3.788 MNT
15 January 20241 KPW = 3.788 MNT
16 January 20241 KPW = 3.787 MNT
17 January 20241 KPW = 3.787 MNT
18 January 20241 KPW = 3.785 MNT
19 January 20241 KPW = 3.785 MNT
22 January 20241 KPW = 3.786 MNT
23 January 20241 KPW = 3.785 MNT
24 January 20241 KPW = 3.786 MNT
25 January 20241 KPW = 3.786 MNT
26 January 20241 KPW = 3.782 MNT
28 January 20241 KPW = 3.782 MNT
29 January 20241 KPW = 3.782 MNT
30 January 20241 KPW = 3.780 MNT
31 January 20241 KPW = 3.779 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.

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

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.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

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.

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

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.

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.

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.
KPW MNT November 2023
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