Convert Australian Dollar to Mongolian Tugrik
Please provide values below to convert Australian Dollar [AUD] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Australian Dollar.
How to Convert Australian Dollar to Mongolian Tugrik
1 AUD = 0.000430793473574657 MNT
Example: convert 15 AUD to MNT:
15 AUD = 15 × 0.000430793473574657 MNT = 0.00646190210361986 MNT
Australian Dollar to Mongolian Tugrik Conversion Table
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Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.