Convert Malaysian Ringgit to Mongolian Tugrik
Please provide values below to convert Malaysian Ringgit [MYR] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Mongolian Tugrik
1 MYR = 0.00119203472670926 MNT
Example: convert 15 MYR to MNT:
15 MYR = 15 × 0.00119203472670926 MNT = 0.0178805209006389 MNT
Malaysian Ringgit to Mongolian Tugrik Conversion Table
| Malaysian Ringgit | Mongolian Tugrik |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.