Convert Hong Kong Dollar to Mongolian Tugrik
Please provide values below to convert Hong Kong Dollar [HKD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Hong Kong Dollar.
How to Convert Hong Kong Dollar to Mongolian Tugrik
1 HKD = 0.00221138020459478 MNT
Example: convert 15 HKD to MNT:
15 HKD = 15 × 0.00221138020459478 MNT = 0.0331707030689218 MNT
Hong Kong Dollar to Mongolian Tugrik Conversion Table
| Hong Kong Dollar | Mongolian Tugrik |
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Hong Kong Dollar
The Hong Kong Dollar (HKD) is the official currency of Hong Kong, issued by the Hong Kong Monetary Authority, and used for daily transactions and financial activities in Hong Kong.
History/Origin
The Hong Kong Dollar was introduced in 1935, replacing the Hong Kong British Pound, and has since evolved through various monetary arrangements, including pegging to the US Dollar since 1983 to stabilize the currency.
Current Use
Today, the HKD is widely used in Hong Kong for all forms of commerce, banking, and international trade, and is one of the most traded currencies in the world.
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.