Convert Thai Baht to Mongolian Tugrik
Please provide values below to convert Thai Baht [THB] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Thai Baht.
How to Convert Thai Baht to Mongolian Tugrik
1 THB = 0.00907466508427348 MNT
Example: convert 15 THB to MNT:
15 THB = 15 × 0.00907466508427348 MNT = 0.136119976264102 MNT
Thai Baht to Mongolian Tugrik Conversion Table
| Thai Baht | Mongolian Tugrik |
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Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.
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.