Convert Mongolian Tugrik to Malaysian Ringgit
Please provide values below to convert Mongolian Tugrik [MNT] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Malaysian Ringgit
1 MNT = 838.90173465047 MYR
Example: convert 15 MNT to MYR:
15 MNT = 15 × 838.90173465047 MYR = 12583.5260197571 MYR
Mongolian Tugrik to Malaysian Ringgit Conversion Table
| Mongolian Tugrik | Malaysian Ringgit |
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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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.