Convert Canadian Dollar to Mongolian Tugrik
Please provide values below to convert Canadian Dollar [CAD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Canadian Dollar.
How to Convert Canadian Dollar to Mongolian Tugrik
1 CAD = 0.000383832139514433 MNT
Example: convert 15 CAD to MNT:
15 CAD = 15 × 0.000383832139514433 MNT = 0.00575748209271649 MNT
Canadian Dollar to Mongolian Tugrik Conversion Table
| Canadian Dollar | Mongolian Tugrik |
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Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency 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.