Convert South Korean Won to Mongolian Tugrik
Please provide values below to convert South Korean Won [KRW] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to South Korean Won.
How to Convert South Korean Won to Mongolian Tugrik
1 KRW = 0.389486430625348 MNT
Example: convert 15 KRW to MNT:
15 KRW = 15 × 0.389486430625348 MNT = 5.84229645938022 MNT
South Korean Won to Mongolian Tugrik Conversion Table
| South Korean Won | Mongolian Tugrik |
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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.
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.