Convert Swedish Krona to Mongolian Tugrik
Please provide values below to convert Swedish Krona [SEK] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Swedish Krona.
How to Convert Swedish Krona to Mongolian Tugrik
1 SEK = 0.00268874061590283 MNT
Example: convert 15 SEK to MNT:
15 SEK = 15 × 0.00268874061590283 MNT = 0.0403311092385424 MNT
Swedish Krona to Mongolian Tugrik Conversion Table
| Swedish Krona | Mongolian Tugrik |
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Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.
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.