Historic Arab Emirates Dirham Mongolian Tugrik

Arab Emirates Dirham mongolian tugrik history for August 2023. The highest quote for this month is 945.63 (19/08/2023) and the lowest 945.68 (21/08/2023). The difference between high and low is -0.01.

AED MNT average rate for August 2023 is 944.38923, the change between 01/08/2023 and 31/08/2023 is -0.52 %.

01 August 20231 AED = 940.8 MNT
03 August 20231 AED = 943.3 MNT
04 August 20231 AED = 943.7 MNT
07 August 20231 AED = 943.8 MNT
08 August 20231 AED = 943.8 MNT
10 August 20231 AED = 944.5 MNT
12 August 20231 AED = 944.8 MNT
14 August 20231 AED = 944.9 MNT
15 August 20231 AED = 945.1 MNT
17 August 20231 AED = 945.7 MNT
19 August 20231 AED = 945.6 MNT
20 August 20231 AED = 945.6 MNT
21 August 20231 AED = 945.7 MNT

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

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.