Convert Mongolian Tugrik to South Korean Won
Please provide values below to convert Mongolian Tugrik [MNT] to South Korean Won [KRW], or Convert South Korean Won to Mongolian Tugrik.
How to Convert Mongolian Tugrik to South Korean Won
1 MNT = 2.5674835408115 KRW
Example: convert 15 MNT to KRW:
15 MNT = 15 × 2.5674835408115 KRW = 38.5122531121725 KRW
Mongolian Tugrik to South Korean Won Conversion Table
| Mongolian Tugrik | South Korean Won |
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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.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.