ISK to MNT

ISK - Icelandic Króna (ISK)
MNT - Mongolian Tugrik ()
1 ISK1 MNT

ISK to MNT Exchange Rate

Convert ISK to MNT with Currency Converter

Icelandic Króna to Mongolian Tugrik

Convert Icelandic Króna to Mongolian Tugrik with Currency Converter

Icelandic Króna to Mongolian Tugrik Exchange Rate

Currency conversion rates from ISK to MNT

ISKMNT
1 ISK1 MNT

1 ISK to MNT Exchange Rate 1

Convert 1 ISK to MNT with Currency Converter = 1

1 Icelandic Króna to Mongolian Tugrik

Convert 1 Icelandic Króna to Mongolian Tugrik with Currency Converter 1

1 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

5 ISK5 MNT

5 ISK to MNT Exchange Rate 1

Convert 5 ISK to MNT with Currency Converter = 5

5 Icelandic Króna to Mongolian Tugrik

Convert 5 Icelandic Króna to Mongolian Tugrik with Currency Converter 5

5 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

10 ISK10 MNT

10 ISK to MNT Exchange Rate 1

Convert 10 ISK to MNT with Currency Converter = 10

10 Icelandic Króna to Mongolian Tugrik

Convert 10 Icelandic Króna to Mongolian Tugrik with Currency Converter 10

10 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

20 ISK20 MNT

20 ISK to MNT Exchange Rate 1

Convert 20 ISK to MNT with Currency Converter = 20

20 Icelandic Króna to Mongolian Tugrik

Convert 20 Icelandic Króna to Mongolian Tugrik with Currency Converter 20

20 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

50 ISK50 MNT

50 ISK to MNT Exchange Rate 1

Convert 50 ISK to MNT with Currency Converter = 50

50 Icelandic Króna to Mongolian Tugrik

Convert 50 Icelandic Króna to Mongolian Tugrik with Currency Converter 50

50 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

100 ISK100 MNT

100 ISK to MNT Exchange Rate 1

Convert 100 ISK to MNT with Currency Converter = 100

100 Icelandic Króna to Mongolian Tugrik

Convert 100 Icelandic Króna to Mongolian Tugrik with Currency Converter 100

100 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

250 ISK250 MNT

250 ISK to MNT Exchange Rate 1

Convert 250 ISK to MNT with Currency Converter = 250

250 Icelandic Króna to Mongolian Tugrik

Convert 250 Icelandic Króna to Mongolian Tugrik with Currency Converter 250

250 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

500 ISK500 MNT

500 ISK to MNT Exchange Rate 1

Convert 500 ISK to MNT with Currency Converter = 500

500 Icelandic Króna to Mongolian Tugrik

Convert 500 Icelandic Króna to Mongolian Tugrik with Currency Converter 500

500 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

1000 ISK1000 MNT

1000 ISK to MNT Exchange Rate 1

Convert 1000 ISK to MNT with Currency Converter = 1000

1000 Icelandic Króna to Mongolian Tugrik

Convert 1000 Icelandic Króna to Mongolian Tugrik with Currency Converter 1000

1000 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

2000 ISK2000 MNT

2000 ISK to MNT Exchange Rate 1

Convert 2000 ISK to MNT with Currency Converter = 2000

2000 Icelandic Króna to Mongolian Tugrik

Convert 2000 Icelandic Króna to Mongolian Tugrik with Currency Converter 2000

2000 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

5000 ISK5000 MNT

5000 ISK to MNT Exchange Rate 1

Convert 5000 ISK to MNT with Currency Converter = 5000

5000 Icelandic Króna to Mongolian Tugrik

Convert 5000 Icelandic Króna to Mongolian Tugrik with Currency Converter 5000

5000 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

10000 ISK10000 MNT

10000 ISK to MNT Exchange Rate 1

Convert 10000 ISK to MNT with Currency Converter = 10000

10000 Icelandic Króna to Mongolian Tugrik

Convert 10000 Icelandic Króna to Mongolian Tugrik with Currency Converter 10000

10000 Icelandic Króna to Mongolian Tugrik Exchange Rate 1

MNTISK
1 MNT1 ISK

1 MNT to ISK Exchange Rate 1

Convert 1 MNT to ISK with Currency Converter = 1

1 Mongolian Tugrik to Icelandic Króna

Convert 1 Mongolian Tugrik to Icelandic Króna with Currency Converter 1

1 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

5 MNT5 ISK

5 MNT to ISK Exchange Rate 1

Convert 5 MNT to ISK with Currency Converter = 5

5 Mongolian Tugrik to Icelandic Króna

Convert 5 Mongolian Tugrik to Icelandic Króna with Currency Converter 5

5 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

10 MNT10 ISK

10 MNT to ISK Exchange Rate 1

Convert 10 MNT to ISK with Currency Converter = 10

10 Mongolian Tugrik to Icelandic Króna

Convert 10 Mongolian Tugrik to Icelandic Króna with Currency Converter 10

10 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

20 MNT20 ISK

20 MNT to ISK Exchange Rate 1

Convert 20 MNT to ISK with Currency Converter = 20

20 Mongolian Tugrik to Icelandic Króna

Convert 20 Mongolian Tugrik to Icelandic Króna with Currency Converter 20

20 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

50 MNT50 ISK

50 MNT to ISK Exchange Rate 1

Convert 50 MNT to ISK with Currency Converter = 50

50 Mongolian Tugrik to Icelandic Króna

Convert 50 Mongolian Tugrik to Icelandic Króna with Currency Converter 50

50 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

100 MNT100 ISK

100 MNT to ISK Exchange Rate 1

Convert 100 MNT to ISK with Currency Converter = 100

100 Mongolian Tugrik to Icelandic Króna

Convert 100 Mongolian Tugrik to Icelandic Króna with Currency Converter 100

100 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

250 MNT250 ISK

250 MNT to ISK Exchange Rate 1

Convert 250 MNT to ISK with Currency Converter = 250

250 Mongolian Tugrik to Icelandic Króna

Convert 250 Mongolian Tugrik to Icelandic Króna with Currency Converter 250

250 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

500 MNT500 ISK

500 MNT to ISK Exchange Rate 1

Convert 500 MNT to ISK with Currency Converter = 500

500 Mongolian Tugrik to Icelandic Króna

Convert 500 Mongolian Tugrik to Icelandic Króna with Currency Converter 500

500 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

1000 MNT1000 ISK

1000 MNT to ISK Exchange Rate 1

Convert 1000 MNT to ISK with Currency Converter = 1000

1000 Mongolian Tugrik to Icelandic Króna

Convert 1000 Mongolian Tugrik to Icelandic Króna with Currency Converter 1000

1000 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

2000 MNT2000 ISK

2000 MNT to ISK Exchange Rate 1

Convert 2000 MNT to ISK with Currency Converter = 2000

2000 Mongolian Tugrik to Icelandic Króna

Convert 2000 Mongolian Tugrik to Icelandic Króna with Currency Converter 2000

2000 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

5000 MNT5000 ISK

5000 MNT to ISK Exchange Rate 1

Convert 5000 MNT to ISK with Currency Converter = 5000

5000 Mongolian Tugrik to Icelandic Króna

Convert 5000 Mongolian Tugrik to Icelandic Króna with Currency Converter 5000

5000 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

10000 MNT10000 ISK

10000 MNT to ISK Exchange Rate 1

Convert 10000 MNT to ISK with Currency Converter = 10000

10000 Mongolian Tugrik to Icelandic Króna

Convert 10000 Mongolian Tugrik to Icelandic Króna with Currency Converter 10000

10000 Mongolian Tugrik to Icelandic Króna Exchange Rate 1

ISK - Icelandic Króna (kr)

Icelandic Króna

The Krona is the official currency of Iceland, a island country in the North Atlantic Ocean, situated over the Mid-Atlantic Ridge. The island is volcanically and geologically active because it straddles the spreading boundary of the North American and European tectonic plates. The capital and largest city is Reykjavík, with the city’s surrounding areas in the southwest region of the country home to two thirds of the country’s population.

The Icelandic Krona is the currency in Iceland (IS, ISL). The Icelandic Krona is also known as Kronas. The symbol for ISK can be written IKr. The Icelandic Krona is divided into 100 aurar. The exchange rate for the Icelandic Krona was last updated on January 18, 2019 from The International Monetary Fund. The ISK conversion factor has 6 significant digits.

Economy

  • Except for its abundant hydroelectric and geothermal power, Iceland lacks natural resources.
  • Historically, Iceland depended heavily on fishing, which still provides 40% of export earnings and employs 7% of the workforce despite declining fish stocks.
  • Abundant hydro-electric capacity has allowed Iceland to encourage power-intensive industries, including aluminium and ferro-silicon smelting plants.
  • In the 1990s, Iceland introduced extensive free market reforms and as a result gained some of the world’s highest ratings for economic and civil freedoms and egalitarianism, and was applauded for its strong economic growth and rapidly expanding financial system.
  • By 2007, the country was ranked: seventh in the list of the world's most productive countries per capita, at U.S. $ 54,858; and fifth in GDP purchasing power parity ($ 40,112). That same year it topped the list of nations ranked by Human Development Index (HDI).
  • As early as 2006, Iceland’s economy was facing problems of growing inflation and current account deficits, partly as a result of the earlier free market reforms. In 2008, the financial system collapsed entirely in a sweeping financial crisis precipitated by bank failures. Iceland had to obtain emergency funding from the International Monetary Fund and a range of European countries in November 2008.

History

  • The Króna is composed of 100 aurar, although coins in any denomination less than one króna have not circulated since 2003.
  • The Danish Krone was introduced in Iceland in 1874, replacing the earlier Danish currency, the rigsdaler. In 1885, Iceland began to issue its own banknotes.
  • The Iceland Króna was issued separate from the Danish Krone after the dissolution of the Scandinavian Monetary Union at the beginning of World War I, and Iceland’s autonomy from Denmark in 1918.
  • The first coins were issued in 1922, in denominations of 10 and 25 aurar. These were followed in 1925 by 1-króna and 2-krónur coins, and in 1926 by 1-eyrir, 2-aurar and 5-aurar coins.
  • In 1946, the design of all coins was altered to remove the royal monogram, after Iceland's independence from Denmark was precipitated by Denmarks’ occupation by Nazi Germany.
  • In 1981, the Iceland Krona was revalued, with 100 old krónur (ISJ) valued at 1 new Iceland Krona (ISK).
  • In 1981, coins were introduced in denominations of 5, 10 and 50 aurar, 1 króna and 5 krónur. These were followed by 10 krónur pieces in 1984, 50 krónur in 1987 and 100 krónur in 1995.
  • As of 1 October 2003, Icelandic banks no longer accepted the 5, 10 and 50 aurar coins.

More information about ISK - Icelandic Króna (kr)


MNT - Mongolian Tugrik (MNT)

Mongolian Tugrik

The Mongolian Tögrög or Tugrik is the official currency of Mongolia. The banknotes are in denominations of 1, 3, 5, 10, 20, 50, 100, 500, 1,000, 5,000, and 10,000; coins are in denominations of 20, 50, 100, and 200. Importing of local currency is limited to 815 Tugrik. Exporting local and foreign currencies is also limited to 815 Tugrik.

The Mongolian Tugrik is the currency in Mongolia (MN, MNG). The symbol for MNT can be written Tug. The Mongolian Tugrik is divided into 100 mongos. The exchange rate for the Mongolian Tugrik was last updated on May 24, 2019 from Yahoo Finance. The MNT conversion factor has 5 significant digits.

Economy

  • Mongolia’s economy has relied on the agricultural and herding sectors.
  • The country has extensive mineral deposits.
  • The economy improved in 2002–2003 as a result of increased copper and gold production.
  • The Mongolian economy is highly sensitive to activity in neighboring countries. For instance, Mongolia relies on Russia for >90% of its petroleum product imports as well as a high proportion of its electric power, making the country very susceptible to price increases.
  • Mongolia’s main export trading partner is China, which is also considered Mongolia’s “shadow” economy.
  • In 1997 Mongolia joined the World Trade Organization and intends to join Asian regional economic and trade organizations.

History

  • On April 1, 1928 the Tugrik replaced the Mongolian Dollar and other currencies and became the only legal currency in Mongolia.
  • Before other currencies were used in Mongolia, the mongo was also part of the currency history. It is no longer in the circulation because of its very low value. They became collectibles and novelties for tourists on the country.
  • In 2010, the ratio of Tugrik to US Dollar increased by 15% - the highest exchange rate gain in the world.

More information about MNT - Mongolian Tugrik (MNT)