Convert New Zealand Dollar to Mongolian Tugrik
Please provide values below to convert New Zealand Dollar [NZD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to New Zealand Dollar.
How to Convert New Zealand Dollar to Mongolian Tugrik
1 NZD = 0.000470176763926303 MNT
Example: convert 15 NZD to MNT:
15 NZD = 15 × 0.000470176763926303 MNT = 0.00705265145889455 MNT
New Zealand Dollar to Mongolian Tugrik Conversion Table
| New Zealand Dollar | Mongolian Tugrik |
|---|
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
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.