GORA to MNT Converter and calculator


Conversion rates
Convert GORA to MNT
Convert MNT to GORA
GORA to MNT chart
GORA to MNT conversion data: Volatility and price changes of Gora Network in MNT
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 74.18 MNT | 82.04 MNT | 109.53 MNT | 150.63 MNT |
Low | 69.38 MNT | 68.78 MNT | 66.33 MNT | 66.33 MNT |
Average | 0 MNT | 0 MNT | 0 MNT | 0 MNT |
Volatility | % | % | % | % |
Change | +2.61% | -7.16% | -34.44% | -39.67% |
Gora Network information
GORA to MNT market statistics
Current GORA to MNT exchange rate
Gora Network to Mongolian Tugrik is falling this week.More info about Gora Network 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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GORA to MNT Conversion tables
Amount | 18:55 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 GORA | ₮35.97 | ₮35.05 | +2.61% |
1 GORA | ₮71.93 | ₮70.1 | +2.61% |
5 GORA | ₮359.67 | ₮350.51 | +2.61% |
10 GORA | ₮719.34 | ₮701.02 | +2.61% |
50 GORA | ₮3,596.72 | ₮3,505.11 | +2.61% |
100 GORA | ₮7,193.43 | ₮7,010.22 | +2.61% |
500 GORA | ₮35,967.16 | ₮35,051.08 | +2.61% |
1000 GORA | ₮71,934.32 | ₮70,102.15 | +2.61% |
GORA to MNT FAQ
What factors influence the conversion rate of GORA to MNT?
Popular exchange rates — Crypto-to-Fiat converter
The price of Gora Network in the US is $0.02117 USD. Additionally, Gora Network’s price is €0.01837 EUR in the eurozone, £0.01573 GBP in the UK, C$0.02907 CAD in Canada, ₹1.83 INR in India, ₨6.01 PKR in Pakistan, R$0.1167 BRL in Brazil, and more.
The most popular Gora Network currency pair is the GORA to Mongolian Tugrik(MNT). The price of 1 Gora Network (GORA) in Mongolian Tugrik (MNT) is ₮71.93.
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