MNT to THB

MNT - Mongolian Tugrik ()
THB - Thai Baht (THB)
1 MNT1 THB

Currency conversion rates from MNT to THB

MNTTHB
1 MNT1 THB
5 MNT5 THB
10 MNT10 THB
20 MNT20 THB
50 MNT50 THB
100 MNT100 THB
250 MNT250 THB
500 MNT500 THB
1000 MNT1000 THB
2000 MNT2000 THB
5000 MNT5000 THB
10000 MNT10000 THB
THBMNT
1 THB1 MNT
5 THB5 MNT
10 THB10 MNT
20 THB20 MNT
50 THB50 MNT
100 THB100 MNT
250 THB250 MNT
500 THB500 MNT
1000 THB1000 MNT
2000 THB2000 MNT
5000 THB5000 MNT
10000 THB10000 MNT

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)


THB - Thai Baht (฿)

The Thai baht is the currency of Thailand. Its code is THB, and it’s also denoted with the symbol ฿. The baht is the tenth most frequently used currency in the world, and is one of the strongest currencies in southeast Asia. The most popular Thai baht exchange is with the euro. The Thai baht has 6 significant currency conversion digits. It is considered fiat money.

Thai Baht is the official currency of the Kingdom of Thailand. It is divided into 100 satang. The Baht is rated as one of the strongest currencies in Southeast Asia. The Bank of Thailand issues the currency.

The Thai Baht is the currency in Thailand (TH, THA). The Thai Baht is also known as Bahts, and Onshore Baht. The symbol for THB can be written Bht, and Bt. The Thai Baht is divided into 100 stang. The exchange rate for the Thai Baht was last updated on Today from The International Monetary Fund. The THB conversion factor has 6 significant digits.

Economy

  • The economy of Thailand is a developed, commercialized economy. It is heavily export-dependent; exports account for more than two-thirds of the GDP.
  • The bank of Thailand introduced a series of exchange controls on December 19, 2006 that resulted in a major divergence between offshore and onshore exchange rates, with difference of up to 10% between the two markets.
  • Restrictions were imposed on March 3rd, 2008 and now there is no noticeable difference between offshore and onshore exchange rates.

History

  • The history of Thai currency goes back to the creation of a medium of exchange that was used in Thailand before the first century.
  • The original Thai currency was called the Tical; this name was used in the English text on banknotes until the year 1925. The name Baht was used as the Thai name for the currency since the 19th century.
  • Both the Tical and Baht currencies were originally units of weight, and coins were issued in both silver and gold, denominated by their weight in Baht and its fractions and multiples.
  • The Baht has been the national currency since 1897 and had been in use even before it was considered the national currency.

More information about THB - Thai Baht (฿)