USD to MNT Exchange Rate - Convert US Dollar to Mongolian Tugrik

Converting from US Dollar (USD) to Mongolian Tugrik (MNT)

What is US Dollar (USD)

The United States Dollar, abbreviated as USD, is the official currency of the United States and is one of the most widely recognized currencies in the world. The symbol for the US Dollar is $ and it is subdivided into 100 smaller units called cents. It was established as the official currency in 1792 and has since become the primary reserve currency globally, used in many international transactions and in significant trading amounts.

The US Dollar is a fiat currency, which means its value is not backed by a physical commodity like gold or silver. Instead, its value is determined by the U.S. government, and the trust and confidence of those who use it. The Dollar is widely accepted for trade, investment, and is often the go-to currency for global transactions.

Exchange rates of USD fluctuate based on various factors, including economic performance, inflation rates, interest rates, and market speculation. This makes it crucial for businesses and individuals engaging in international transactions to stay updated on current rates.

What is Mongolian Tugrik (MNT)

The Mongolian Tugrik, represented by the symbol ₮ and the currency code MNT, is the official currency of Mongolia. The Tugrik was introduced in 1925, replacing the previous currency in circulation. The word "tugrik" is derived from the Mongolian language, which signifies a "pure" or "genuine" nature.

MNT is also a fiat currency, and like the US Dollar, its value is determined by government regulations and market trust rather than by a physical commodity. The Tugrik is subdivided into 100 mongos, and its value is influenced by various factors, including Mongolia's economic conditions, natural resource exports, and local demand and supply.

Historically, the Tugrik has undergone significant inflation, making currency conversion an essential task for anyone working with or visiting Mongolia. As Mongolia's economy continues to develop, the value of the Tugrik becomes an important aspect for businesses and travelers looking to convert their USD into MNT.

Currency Conversion

To convert USD to MNT, one needs to consider the current exchange rate, which fluctuates frequently. As of late 2023, the exchange rate can be approximately represented as:

1 USD ≈ 3,500 MNT

However, this rate can change daily due to market dynamics, so it's advisable to check with reliable financial institutions or currency converters for the most accurate and up-to-date rates.

In conclusion, understanding the basics of USD and MNT is crucial for those looking to conduct business or travel between the United States and Mongolia. Knowledge about current exchange rates can help in budgeting and financial planning, ensuring that your transactions are both efficient and cost-effective.

US Dollar to Mongolian Tugrik conversion table

USD to MNT conversion table

US Dollar (USD)Mongolian Tugrik (MNT)
1 USD3 570.8725895923 MNT
2 USD7 141.7451791846 MNT
3 USD10 712.6177687769 MNT
4 USD14 283.4903583692 MNT
5 USD17 854.3629479615 MNT
6 USD21 425.2355375538 MNT
7 USD24 996.1081271461 MNT
8 USD28 566.9807167384 MNT
9 USD32 137.8533063307 MNT
10 USD35 708.725895923 MNT
100 USD357 087.25895923 MNT
200 USD714 174.51791846 MNT
300 USD1 071 261.77687769 MNT
400 USD1 428 349.03583692 MNT
500 USD1 785 436.29479615 MNT
600 USD2 142 523.55375538 MNT
700 USD2 499 610.81271461 MNT
800 USD2 856 698.07167384 MNT
900 USD3 213 785.33063307 MNT
1 000 USD3 570 872.5895923 MNT
2 000 USD7 141 745.1791846 MNT
5 000 USD17 854 362.9479615 MNT
10 000 USD35 708 725.895923 MNT
20 000 USD71 417 451.791846 MNT
50 000 USD178 543 629.479615 MNT
100 000 USD357 087 258.95923 MNT
Last updated April 25, 2025 at 11:55 PM