Convert Mongolian Tugrik to Australian Dollar
Please provide values below to convert Mongolian Tugrik [MNT] to Australian Dollar [AUD], or Convert Australian Dollar to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Australian Dollar
1 MNT = 2321.29793356003 AUD
Example: convert 15 MNT to AUD:
15 MNT = 15 × 2321.29793356003 AUD = 34819.4690034005 AUD
Mongolian Tugrik to Australian Dollar Conversion Table
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Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.