FORS to MNT Converter and calculator


Conversion rates
Convert FORS to MNT
Convert MNT to FORS
FORS to MNT chart
FORS to MNT conversion data: Volatility and price changes of Forus in MNT
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.06116 MNT | 0.06119 MNT | 0.06120 MNT | 0.06121 MNT |
Low | 0.06109 MNT | 0.06109 MNT | 0.06104 MNT | 0.06101 MNT |
Average | 0 MNT | 0 MNT | 0 MNT | 0 MNT |
Volatility | % | % | % | % |
Change | +0.01% | -0.04% | -0.07% | -0.03% |
Forus information
FORS to MNT market statistics
Current FORS to MNT exchange rate
Forus to Mongolian Tugrik is falling this week.More info about Forus on Bitget
Mongolian Tugrik information
About Mongolian Tugrik (MNT)
The Mongolian Tugrik (MNT), introduced in 1925, is more than just the official currency of Mongolia; it represents the country's rich cultural heritage and its journey through economic transitions. It is commonly abbreviated as MNT and represented by the symbol ₮. As Mongolia navigated its path from a Soviet-style economy to a market-oriented system, the Tugrik has played a pivotal role in the nation's socio-economic development.
Historical Background
The introduction of the Tugrik was a significant step in Mongolia's early years as an independent nation, symbolizing its move away from the Chinese and Russian currencies that had previously circulated. The Tugrik's establishment was part of Mongolia's broader efforts to assert its national sovereignty and economic independence.
Design and Symbolism
The design of the Mongolian Tugrik reflects the country's deep historical roots and nomadic culture. Banknotes and coins feature images of historic Mongolian leaders like Genghis Khan and Damdin Sükhbaatar, along with traditional symbols and motifs that celebrate Mongolia's rich history and cultural identity. These designs are not merely for financial transactions; they are imbued with national pride.
Economic Role
The Tugrik plays a crucial role in Mongolia’s economy, characterized by its mining sector, agriculture, and growing service industry. As the primary medium of exchange, it facilitates domestic trade and is vital for everyday economic activities, from urban centers to rural nomadic communities.
Monetary Policy and Inflation
Managed by the Bank of Mongolia, the Tugrik has faced challenges like inflation and currency devaluation, particularly during times of economic uncertainty. The bank's monetary policies aim to stabilize the Tugrik, which is crucial for maintaining economic confidence and fostering investment.
International Trade and the Mongolian Tugrik
The Tugrik’s exchange rate plays a significant role in international trade, particularly for Mongolia's key exports like copper, coal, and cashmere. A stable Tugrik is important for maintaining competitive export prices and fostering a favorable trade balance.
Remittances and the Economy
Remittances from Mongolians working abroad, primarily in South Korea and Japan, are a vital source of foreign income. These remittances, converted into Tugriks, support many families and contribute to the national economy.
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FORS to MNT Conversion tables
Amount | 03:06 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 FORS | ₮0.03056 | ₮0.03055 | +0.01% |
1 FORS | ₮0.06112 | ₮0.06111 | +0.01% |
5 FORS | ₮0.3056 | ₮0.3055 | +0.01% |
10 FORS | ₮0.6112 | ₮0.6111 | +0.01% |
50 FORS | ₮3.06 | ₮3.06 | +0.01% |
100 FORS | ₮6.11 | ₮6.11 | +0.01% |
500 FORS | ₮30.56 | ₮30.55 | +0.01% |
1000 FORS | ₮61.12 | ₮61.11 | +0.01% |
FORS to MNT FAQ
What factors influence the conversion rate of FORS to MNT?
Popular exchange rates — Crypto-to-Fiat converter
The price of Forus in the US is $0.{4}1799 USD. Additionally, Forus’s price is €0.{4}1561 EUR in the eurozone, £0.{4}1337 GBP in the UK, C$0.{4}2470 CAD in Canada, ₹0.001558 INR in India, ₨0.005106 PKR in Pakistan, R$0.{4}9915 BRL in Brazil, and more.
The most popular Forus currency pair is the FORS to Mongolian Tugrik(MNT). The price of 1 Forus (FORS) in Mongolian Tugrik (MNT) is ₮0.06112.
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