Convert New Taiwan Dollar to Mongolian Tugrik
Please provide values below to convert New Taiwan Dollar [TWD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Mongolian Tugrik
1 TWD = 0.00827246295547987 MNT
Example: convert 15 TWD to MNT:
15 TWD = 15 × 0.00827246295547987 MNT = 0.124086944332198 MNT
New Taiwan Dollar to Mongolian Tugrik Conversion Table
| New Taiwan Dollar | Mongolian Tugrik |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.