Convert Mongolian Tugrik to Philippine Peso
Please provide values below to convert Mongolian Tugrik [MNT] to Philippine Peso [PHP], or Convert Philippine Peso to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Philippine Peso
1 MNT = 62.3390484753865 PHP
Example: convert 15 MNT to PHP:
15 MNT = 15 × 62.3390484753865 PHP = 935.085727130797 PHP
Mongolian Tugrik to Philippine Peso Conversion Table
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.