Convert Tongan Paanga to Mongolian Tugrik
Please provide values below to convert Tongan Paanga [TOP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Tongan Paanga.
How to Convert Tongan Paanga to Mongolian Tugrik
1 TOP = 0.000671713286941808 MNT
Example: convert 15 TOP to MNT:
15 TOP = 15 × 0.000671713286941808 MNT = 0.0100756993041271 MNT
Tongan Paanga to Mongolian Tugrik Conversion Table
| Tongan Paanga | Mongolian Tugrik |
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Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.
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.