Convert Swiss Franc to Mongolian Tugrik
Please provide values below to convert Swiss Franc [CHF] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Swiss Franc.
How to Convert Swiss Franc to Mongolian Tugrik
1 CHF = 0.000223932600146806 MNT
Example: convert 15 CHF to MNT:
15 CHF = 15 × 0.000223932600146806 MNT = 0.00335898900220208 MNT
Swiss Franc to Mongolian Tugrik Conversion Table
| Swiss Franc | Mongolian Tugrik |
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Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.
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.