Convert Norwegian Krone to Mongolian Tugrik
Please provide values below to convert Norwegian Krone [NOK] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Norwegian Krone.
How to Convert Norwegian Krone to Mongolian Tugrik
1 NOK = 0.00284861198410425 MNT
Example: convert 15 NOK to MNT:
15 NOK = 15 × 0.00284861198410425 MNT = 0.0427291797615638 MNT
Norwegian Krone to Mongolian Tugrik Conversion Table
| Norwegian Krone | Mongolian Tugrik |
|---|
Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.