Euro to Mongolian Tugrik — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Mongolia

Currency Code, Symbol: MNT, ₮

Denominations of coins in circulation: 20, 50, 100, 200, 500 tögrög

Denominations of banknotes in circulation: 10, 20, 50, 100, 500, 1,000, 5,000, 10,000, 20,000 tögrög

History: The Mongolian tugrik (₮) is a currency issued and used only within Mongolia.In the global arena and on financial markets, it is abbreviated to MNT. The Mongolian tugrik could be subdivided into möngö.One MNT had 100 möngö, However, today the coins are not used due to low value.The currency has appeared in 1925, taking the place of the Mongolian dollar, Chinese and Russian money, and also modern currencies of Mongolia. Mongolia was also a part of the Soviet Union. However, it had never adopted the official Soviet currency, the ruble. The tugrik was an authentic currency even in the time of socialism.Read More