Convert Mongolian Tugrik to Chinese Yuan (Offshore)
Please provide values below to convert Mongolian Tugrik [MNT] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Mongolian Tugrik.
How to Convert Mongolian Tugrik to Chinese Yuan (Offshore)
1 MNT = 494.975862156957 CNH
Example: convert 15 MNT to CNH:
15 MNT = 15 × 494.975862156957 CNH = 7424.63793235436 CNH
Mongolian Tugrik to Chinese Yuan (Offshore) Conversion Table
| Mongolian Tugrik | Chinese Yuan (Offshore) |
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.